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Results for The 1969 Automatic Chronograph Race

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Interview: François-Henry Bennahmias, CEO of Audemars Piguet SJX Watches
Audemars Piguet François-Henry Bennahmias Dec 23, 2019

Interview: François-Henry Bennahmias, CEO of Audemars Piguet

François-Henry Bennahmias is one of the most successful chief executives in Swiss watchmaking: since taking the top job at Audemars Piguet in 2012, revenues at the watchmaker have more than doubled, to well over a billion Swiss francs. He took some flak earlier this year with the high profile launch of an entirely new line, the Code 11.59, which was widely panned at the time. But Mr Bennahmias appears to have been partially vindicated after the unique Code 11.59 skeleton tourbillon (which I was surprisingly drawn to) sold for a million francs – more than four times its presale high estimate. But Mr Bennahmias does not seem to be the sort to look back reflectively, he is forging ahead full speed with rolling out new iterations of the Code 11.59, while also working on “huge” and “very cool” collaboration that will be announced in mid 2020. During a recent visit to Singapore a month ago, Mr Bennahmias discussed the Code 11.59, while dropping a few hints about an upcoming vintage remake, as well as the upcoming partnership. The interview was edited for clarity and length. I really like what you have done recently with the Royal Oak Perpetual Calendar Skeleton in black ceramic. At the same time, I hear that there are some updates and extensions planned for the Code 11.59 in 2020. Can you talk anything about that? No. [With a smile] Can you say anything about the Code 11.59 for Only Watch, which is a two-tone skeleton of sorts? I saw the watch in Geneva; two-tone doe...

LIST: Luke Benedictus’ 5 favourite stories of 2019 Time+Tide
Audemars Piguet Dec 21, 2019

LIST: Luke Benedictus’ 5 favourite stories of 2019

It’s that time of the year where we sift misty-eyed through the archives, getting nostalgic about the horological highlights from the past 12 months. From Instagram watch clichés to the “unholy shitstorm of hurt feelings” provoked by Audemars Piguet, this is my top five. Sandra Lane on why hype and high prices are killing it … ContinuedThe post LIST: Luke Benedictus’ 5 favourite stories of 2019 appeared first on Time+Tide Watches.

Editorial: Marco Lang on Being a (Newly) Independent Watchmaker SJX Watches
Dec 20, 2019

Editorial: Marco Lang on Being a (Newly) Independent Watchmaker

The label “independent watchmaking” does not come from watchmakers themselves. Rather, it is an attempt by collectors, and also journalists, to distinguish smaller watch manufacturers from larger luxury companies. The phrase usually refers to brands or makers that share certain qualities: being niche as opposed to mainstream; having highly creative products made in small quantities; often founded by watchmakers with high horological competence, who are also rather non-commercial, while possessing the idealistic philosophy of an artist. From this, the important question arises for the watch collector – are resulting timepieces fundamentally more valuable, particularly when compared to watches from big brands that are produced by the thousands and boosted by heavy marketing? That can only be answered by the collector. The watchmaker, on the other hand, has to balance the pros and cons of being an independent. Marco Lang in his workshop, located within his home. Photo – Marco Lang Going independent Starting up an independent watch brand is quite different from building a more conventional watch company. A watchmaker probably starts with a good idea and from that, builds a very unusual watch. He would like the world to know about his idea, so scrapes together all his savings – maybe even he savings of friends and family – and then exhibits his creation at a fair. The more business-minded watchmakers might think of market studies or analyse the competition. But some...

Breaking News: ETA Movement Sales Halted by Swiss Authorities SJX Watches
Dec 19, 2019

Breaking News: ETA Movement Sales Halted by Swiss Authorities

News last weekend that Switzerland’s competition regulator, COMCO, also widely known by its German acronym Weko, was weighing a ban on ETA movement sales to third-party brands caused a major stir in the watch industry – and a terse, lengthy response from Swatch Group, ETA’s parent and Switzerland’s biggest watchmaking conglomerate. The move was ostensibly to allow alternatives to ETA – once Switzerland’s dominant supplier of mechanical movements – to develop. According to the Swatch Group, the ban was entirely without merit, especially given the fact that ETA was no longer the biggest supplier of movements to the industry. That title now belongs to Sellita, which supplied a million movements in 2019, compared to half the number for ETA. Now COMCO has formalised the year-long ban in an announcement that puts in place a “temporary suspension of the supply of [ETA] mechanical movements to customers”. The ban will be in force until COMCO makes its final decision by the summer of 2020. The ban, however, allows ETA to sell its movements to existing clients that are small- and medium-sized watch brands, defined as having less than 250 employees, which will probably be of little consolation to ETA. According to a Swatch Group spokesman quoted by Reuters, the majority of ETA’s movement sales are to companies with more than 250 employees, and as a result, ETA foresees it won’t be able to sell any movements next year. According to the statement, the ban is foun...

Tudor Extends Warranty on All Watches to 5 Years SJX Watches
Cartier Dec 18, 2019

Tudor Extends Warranty on All Watches to 5 Years

In keeping with the lengthening guarantee periods throughout the watch industry – eight years at Cartier and most other Richemont brands, and five years at Rolex and Omega – Tudor has just announced the guarantee period for all its watches is now five years, for all watches sold from January 1, 2020 onwards. But owners of recently purchased Tudor watches will also get a warranty enhancement: all watches sold from July 1, 2018 to December 31, 2019 get an 18-month warranty extension, in addition to the existing two-years, for a total of three and a half years, or 42 months. Watches sold before July 1, 2018 retain the unchanged, two-year warranty. The Tudor Black Bay Chrono Dark Tudor’s warranty extension further enhances the value inherent in its remarkably well-made and well-priced watches, which are amongst the best value propositions on the market today. The warranty extension is unsurprising, not only because of the competition, but also because Tudor watches – particularly those powered by its in-house movements – are extensively tested and notably reliable.