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Business News: Baselworld to be Replaced by Swiss Watch Week SJX Watches
Patek Philippe Chanel Chopard May 22, 2020

Business News: Baselworld to be Replaced by Swiss Watch Week

With Baselworld all but finished in name – with the COVID-19 pandemic having served as the catalyst for its demise – its organiser has already lined up a potential replacement, according to Swiss newspaper Handelzeitung. Events company MCH Group, which owns Baselworld and Art Basel, registered the trademark “Swiss Watch Week” in late January 2020, perhaps an indication its management already knew that Baselworld was untenable. Departing Basel, the city that the namesake watch fair had called home for decades is seen as crucial to escape the baggage and bad publicity that has dogged Baselworld. A good part of the criticism levelled at the fair concerns the opportunistic pricing imposed by restaurants, hotels, and other accommodation during the fair. The result was a slow burn that culminated in the end of Baselworld. A scene never to be seen again – the halls of Messe Basel packed with watch brands. Photo – Baselworld Once the world’s largest watch and jewellery fair, Baselworld was hit by a gradually accelerating string of departures, starting in 2018 with industry giant Swatch Group – owner of brands like Omega, Longines, and Tissot – citing the exorbitant cost of exhibiting and other city-related expenses. Swatch was followed by Seiko and others in 2019. But the fatal blow arrived in April 2020, when the fair’s biggest exhibitors – Rolex, Patek Philippe, Chanel, Chopard, and Tudor – pulled out and announced a move to a new, yet-to-be-named fair in...

Omega Introduces Seamaster Planet Ocean 36th America’s Cup SJX Watches
Panerai until May 21, 2020

Omega Introduces Seamaster Planet Ocean 36th America’s Cup

The world’s most prestigious yacht race, the America’s Cup has been sponsored by a variety of watch brands, which was Panerai until the last instalment – and to confuse things even more, the competing teams each have their own watch sponsors. Having been a backer of defending champion Team New Zealand for the last two decades, Omega now back to being a sponsor of the entire event as official timekeeper for 36th America’s Cup that’ll take place in 2021 off the coast of Auckland in New Zealand. Since the last time Omega was the official race timekeeper was in 2003, the brand is marking the occasion with the Seamaster Planet Ocean 36th America’s Cup, no doubt the first of several editions for the event. Initial thoughts With event-specific limited editions being an Omega favourite, this isn’t going to be the only America’s Cup edition. At the same time, the red-white-and-blue livery has been used on other watches. In short, the Planet Ocean America’s Cup isn’t going to be a particularly unique edition. But the watch itself is a strong proposition. Omega watches usually offer good value for money, combining high-tech mechanical watchmaking and high-end materials, which is the case for the Planet Ocean line at large. Though the America’s Cup model is a limited edition, it costs only about 10% over the standard model. So if you want a Planet Ocean but want something a bit more special than the stock offering, this is a good choice. A high-spec instrument...

Tribute To Peter Baumberger (1939-2010): RIP You Complete And Utter Bastard! Quill & Pad
Casio n But first I’d May 20, 2020

Tribute To Peter Baumberger (1939-2010): RIP You Complete And Utter Bastard!

This year, 2020, marks the tenth anniversary of the death of one of the greats of the modern watch industry, Peter Baumberger. Dr. Helmut Crott, his longtime friend and founder of the Dr. Crott auction house in Germany, recently sent me a tribute he had written for the occasion. But first I’d like to first take the opportunity to share an anecdote of my own regarding “Peter, the utter bastard,” as I will always (fondly) think of him.

IWC Portugieser Chronograph (reference 371609) Review WatchAdvice
IWC Portugieser Chronograph reference 371609 May 20, 2020

IWC Portugieser Chronograph (reference 371609) Review

Introduction Clipping shut the deployant buckle of the just-refreshed IWC Portugieser Chronograph; it’s easy to see why this is one of the brand’s most popular watches, in Australia at least. It’s dressy, but still offers a healthy dose of sports functionality. What makes this new reference, announced back in February, even better the movement beating away inside. For the first time, it’s an IWC-manufactured calibre, and while it can’t be seen on the wrist, or make much of a difference to daily wear, it still feels like a significant step up. The Dial and Hands  The face of the Portugieser Chronograph is refreshingly familiar, thanks to that iconic combination of applied Arabic numerals and leaf (or feuille) shaped hands. The chronograph layout puts a minutes register at the top and a running seconds display at six. I’m more familiar with the white-dialled version of the Portugieser so was happy to give the black a try. And boy, is this dial black. The colour is incredibly deep and dynamic; if you catch it on the right angle, it takes on a blue-ish sheen around the edges. I must say that, because of the dark dial and the slender, highly polished hands and hour markers, legibility was a bit of an issue at times. Still, the overall beauty made me forget about that fact almost immediately.  IWC Portugieser Chronograph Reference 371609 The Case and Strap  At 41mm, this watch is sized just right. The steel case sits well on the wrist, flush and, even though it is...

Warning: Billie Eilish’s custom leopard print Audemars Piguet Royal Oak cannot be unseen… Time+Tide
Audemars Piguet Royal Oak cannot be May 19, 2020

Warning: Billie Eilish’s custom leopard print Audemars Piguet Royal Oak cannot be unseen…

Young Queen of Cool Billie Eilish is known for her avant-garde fashion sense, firmly cementing oversized hoodies, fluorescent hair and dad sneakers into vogue. The five-time Grammy winner and two-time Guinness World Record holder also has a fondness for jewellery - and lots of it. She’ll regularly be snapped with fingers stacked with rings, wrists loaded … ContinuedThe post Warning: Billie Eilish’s custom leopard print Audemars Piguet Royal Oak cannot be unseen… appeared first on Time+Tide Watches.

Omega release summer-fresh new 43.5mm Planet Ocean 36th America’s Cup Edition on integrated rubber strap Time+Tide
Omega release summer-fresh new 43.5mm May 19, 2020

Omega release summer-fresh new 43.5mm Planet Ocean 36th America’s Cup Edition on integrated rubber strap

With the announcement that Omega will be the official timekeeper of the 36th America’s Cup comes the release of the brand new Omega Seamaster Planet Ocean 36th America’s Cup Limited Edition. The watch is presented on an eye-catching integrated rubber strap with red lining and contrast white stitching. The 43.50mm Planet Ocean is offered in … ContinuedThe post Omega release summer-fresh new 43.5mm Planet Ocean 36th America’s Cup Edition on integrated rubber strap appeared first on Time+Tide Watches.

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale SJX Watches
Panerai which make up about May 19, 2020

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale

Having just announced its full-year results while predicting a gloomy outlook for the business, Richemont has successful placed €2 billion of bonds, with coupon ranging from 0.75% for the 8-year note to 1.625% for the 20-year note. The bond placement boosts the Swiss luxury group’s robust balance sheet, which had a gross cash position of €6.34 billion and a net cash position of €2.40 billion at the end of March 31, 2020. The notes received an A+ rating from credit ratings agency S&P;, which also lowered its outlook for Richemont from stable to negative, “citing the possibility of a downgrade if the coronavirus pandemic causes the company’s credit metrics to worsen”. Widely regarded as a savvy investor who transformed his family’s tobaccco-and-banking empire into an even larger one focused the “hard” luxury of watches and jewellery, Mr Rupert’s belief in the severity of the pandemic-induced recession is obvious. That, in turn, does not bode well for the luxury watch business. Richemont’s biggest earner is Cartier – the jewellery division is half the group’s turnover – it also owns a host of luxury watch brands, including A. Lange & Söhne, IWC, and Panerai, which make up about 20% of its sales. During Richemont’s earning conference call on May 15, Mr Rupert explained the bond issue: “We have always believed in protecting our balance sheet… For years, a lot of investment banks questioned us about that it’s a lazy balance sheet. But h...

A Tribute to Peter Baumberger of Urban Jürgensen & Sønner SJX Watches
Casio n May 19, 2020

A Tribute to Peter Baumberger of Urban Jürgensen & Sønner

Peter Baumberger (Koppingen, 1939 – Biel, 2010) Ten years ago, Peter Baumberger died in Biel. On the occasion of this anniversary, I would like to pay a brief tribute to the one who was a dear friend and an extraordinary character – pictured above with his favourite oval tourbillon pocket watch and wearing a Ref. 3 wristwatch – whose ideas and personality marked the Swiss watch industry after the Quartz Crisis. I first met Peter in November 1975, during a sale organised by Peter Ineichen auctioneers in Zürich. He was with the famous Derek Pratt. At that time, Peter was one of the world’s leading dealers in antique watches. His charming and authentic nature immediately fascinated me – this is how our friendship started, a friendship that lasted until the end of his life. The name of Peter Baumberger will remain forever in Swiss watchmaking history thanks to his rescue and his revival of the historic brand Urban Jürgensen at Le Locle, which he acquired in the late 1970s. Undeniably, Peter played a pioneering role in the renaissance of the high-quality Swiss mechanical watch, long before others. As a trained watchmaker, he combined cutting-edge technical skills with a very distinct aesthetic sensitivity, as well as with an intimate knowledge of the works of the old masters; the remarkable confluence of these aspects is therefore the basis of his creative work. Peter put all his strength and his spirit at the disposal of Urban Jürgensen to give a new spark to the...

Phillips to Offer F.P. Journe Souscription Tourbillon and Resonance SJX Watches
Patek Philippe watches from May 18, 2020

Phillips to Offer F.P. Journe Souscription Tourbillon and Resonance

Postponed from its usual mid-May date to end-June, Phillips’ spring watch auction is Geneva is nonetheless the full works, with 214 lots on offer, including the four spectacular Patek Philippe watches from the collection of Jean-Claude Biver, including a ref. 1518 “pink on pink” and a second-series ref. 2499. Also amongst the offerings at the Geneva Watch Auction XI are two important examples of contemporary watchmaking – a pair of F.P. Journe souscription watches consigned by the original owner – Lorenz Bäumer. A jeweller whose workshop is on the storied Place Vendome in Paris, Mr Bäumer is perhaps best known for crafted the tiara worn by Charlene Wittstock when the former Olympic swimmer wed Prince Albert II of Monaco in 2011. But Mr Bäumer is also a watch aficionado who met François-Paul Journe via a mutual friend. Mr Journe had then decided to launch his own brand by taking inspiration from Abraham-Louis Breguet, who had offered clients the opportunity to purchase a newly-developed, fairly-affordable watch by first putting down a deposit – thus “subscribing” to the offer. The jeweller became a “subscriber” and paid the down payment for a Tourbillon Remontoir d’Egalite “Souscription”, subsequently receiving the watch numbered “14/20” on the dial. A year later, Mr Bäumer was approached once again to “subscribe” for the new Chronomètre à Resonance “Souscription”. He took up the offer, and again got the watch number “14”....

Desert Island Dials with Stephen Watson Revolution’s New US Editor Revolution
May 18, 2020

Desert Island Dials with Stephen Watson Revolution’s New US Editor

In episode three of Ross Povey’s Zoom video interview series, “Desert Island Dials, where we ask some of our friends from the community what watch they would bring along with them, if they were on a desert island, we have our latest US editor (@steviewatches) speaking with us today. He tells us about his Gerald Genta Automatic Jump Hour Retrograde Mickey Mouse watch and other unexpected pieces in his collection.

Horological Society of New York responds to Coronavirus pandemic with Working Watchmakers Grant Time+Tide
Rolex Day-Date last year May 17, 2020

Horological Society of New York responds to Coronavirus pandemic with Working Watchmakers Grant

The watch industry has a remarkable way of pulling together when times are tough. We see it every other year with the Only Watch auction raising money for muscular dystrophy. Jack Nicklaus auctioned his Rolex Day-Date last year to raise money for unwell children, and John Goldberger did the same with his unique white gold … ContinuedThe post Horological Society of New York responds to Coronavirus pandemic with Working Watchmakers Grant appeared first on Time+Tide Watches.

8 deadly new Sinns from 2020, including dress watches (yes, really), refined pilots and divers Time+Tide
Sinn s from 2020 including May 17, 2020

8 deadly new Sinns from 2020, including dress watches (yes, really), refined pilots and divers

Sinn is a brand that is stealthily emerging from the shadows. The Frankfurt-based manufacturer favours slow incremental changes to their product line, making their watches better every year, but never reinventing the wheel as they go about it. This year, the new collection has looked to improve on a few older references, as well as … ContinuedThe post 8 deadly new Sinns from 2020, including dress watches (yes, really), refined pilots and divers appeared first on Time+Tide Watches.