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Monochrome
As one of the most admired independent watchmakers with a hallmark style defined by elegant understatement, it is hard to believe that Laurent Ferrier’s brand was established just 15 years ago. A third-generation watchmaker and car racing enthusiast, Laurent Ferrier (Geneva, 1946) was about to retire after a 37-year stint at Patek Philippe when his […]
SJX Watches
The just-concluded Geneva auction season was mostly a plateau with several striking peaks and a few lows. The peaks were marked by desirable timepieces that outperformed by far, yet shared little in common with one another in terms of style or period. The peaks ranged from multiple F.P. Journe watches to a diamond-set Patek Philippe ref. 3424/1 “Gilbert Albert” to the Breguet four-minute tourbillon pocket watch from 1809 to the Instagram-ready Patek Philippe ref. 3970 in “salmon” with Breguet numerals. Despite such diverse taste, the small pool of bidders seemed to have one thing in common: they were all focused on a “trophy” watch. The Christie’s saleroom in the Four Seasons. Image – Christie’s With few exceptions, contemporary watches from mainstream brands were cold, while vintage watches were mostly lukewarm – but as always there were exceptions. An Patek Philippe ref. 570 with a black dial signed “E. Gubelin” sold for an impressive CHF419,100 including fees, or US$523,000, at Christie’s, while Phillips sold a Rolex Daytona ref. 6263 “RCO” (or “Oyster Sotto”) for an equally impressive CHF1.39 million, or US$1.73 million – close to the historical peak for the model. A vintage watch that surprised on the downside was the 1927 Rolex Oyster worn by Mercedes Gleitze when she became the first woman to swim the English Channel in 1927 – a landmark in Rolex lore. Though it sold for CHF1.39 million, or US$1.74 million, there was just one bi...
Monochrome
If we had to name the one model that defined the concept of a dress watch, it would undoubtedly be the Patek Philippe Calatrava 96. This watch, when launched in the early 1930s, was rather revolutionary and has ever since been the blueprint for anything dress watch. Watch enthusiasts have long recognised its beauty and […]
Quill & Pad
The WatchCharts Overall Market Index gained +0.6% in September 2025, continuing its gradual recovery trend. Patek Philippe led the way with a +2.3% increase, while Rolex edged up +0.2%. Over the past six months, Patek Philippe and Rolex have risen +5.7% and +2.0%, respectively.
Quill & Pad
In August, about half of the major brands gained ground. Patek Philippe, the best performer so far in 2025, continued its recovery, although the growth isn’t as strong as that of the previous months.
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SJX Watches
On the ninth episode of the SJX Podcast, SJX and Brandon Moore sit down to discuss recent watch launches during Geneva Watch Days, highlighting standout pieces like the hand-made Ferdinand Berthoud (the first of which will be sold at auction) and the Berneron annual calendar, and also reflecting on the flavours of the day like artisanal finishing and user-friendly calendar watches. Also on the docket, the record-setting Patek Philippe 1518 in steel returns to auction while a second is up for private sale, and reflecting on our reassuring recent encounter with Breguet’s new chief executive. Listen on Apple Podcasts, Spotify, and Youtube.
Worn & Wound
Henry Graves Jr. (1868–1953) was a prominent American banker and art collector, most famous for his passion for collecting timepieces. He is best known for commissioning some of the most complex and innovative watches ever made, including the Patek Philippe Henry Graves Supercomplication, considered one of the most significant and expensive timepieces in horological history. Graves was born on the 11th of March 1868 in Orange, New Jersey, in the United States of America. The Graves family was a prominent and wealthy banking family. His father, Henry Graves Sr. (1838–1906), was a co-founder and partner in the Maxwell & Graves banking firm. They engaged in the railroad and financial services industries and Henry Graves, Jr. continued the family legacy of financial services expertise as an investment banker. The company operates today under the name M&G; Solutions which was founded by the great-great-grandson of Henry Graves Jr. They use an image of the Patek Philippe Henry Graves Supercomplication in their logo signifying the ‘&’ symbol paying tribute to his relative’s interest in watches (below). Graves was known primarily for his legendary watch collection which stemmed from his status as a wealthy financier who appreciated fine craftsmanship and luxury items. He was also an avid collector of art, reflecting his refined taste, acquiring items of significant cultural and historical value. Henry Graves Jr.’s interest in watches stemmed from his status as a weal...
Worn & Wound
Just a few months ago, Dennison launched their first ever collaboration with Collectability, John Reardon’s Patek Philippe focused retail operation. That watch was an exercise in subtlety, and all about shape. It evoked classic Patek references without hitting you over the head with obvious historical nods, and felt like a true reflection of Reardon’s taste. This week, they’ve announced their second collaborative watch, a time limited edition with Time+Tide, and this one is equally impressive while being anything but subtle, featuring an impressive execution of a rarely seen mother of pearl marquetry technique. This feels like it might be the second week in a row where a mother of pearl limited edition takes over our social media feeds. It was just days ago that Selten premiered their own engraved MOP dial in partnership with Watch Ho & Co. Like the Selten, this new Dennison doesn’t stop at a simple slab of mother of pearl, but seeks to transform the material into something unexpected. That’s where designer Emmanual Gueit comes in. He’s created a dial featuring a repeating motif of unique, rectangular, mother of pearl filaments. The result is an irregular surface that shimmers like a traditional MOP dial, but in unexpected ways through a geometric pattern. This type of dial making is far more labor intensive than using a single piece of mother of pearl, as each filament had to be precisely inlaid by hand. Time+Tide has released a number of limited edition...
SJX Watches
Between 1885 and 1920, Elliot Cabot Lee (1854-1920) quietly built one of the world’s largest collections of very complicated watches, but unlike the famous rivals Henry Graves Jr. or James Ward Packard, both of whom favoured Swiss watches (and primarily Patek Philippe), Lee was a devotee of English watchmaking during its heyday. Many remarkable watches that were commissioned by Lee, or passed through his collection, have surfaced over the last few years, such as the J.W. Benson Supercomplication, the Dent Astronomical watch, or even J.P. Morgan’s pocket-planetarium, but with their provenance unknown. Most of Lee’s collection of pocket watches. Image – The National Jeweler 1922 A patrician collector Elliot Cabot Lee was born on April 16th, 1854 in Brookline, Massachusetts. Both of Lee’s parents hailed from Boston Brahmin families and were third cousins. His father, Henry Lee Jr., was a partner at investment bank Lee, Higginson & Company, where Lee also worked, though only briefly. His mother, Elizabeth Perkins Cabot, was the granddaughter of the extremely wealthy Thomas Handasyd Perkins – a slaver turned philanthropist. Lee graduated from Harvard with a law degree and passed the bar, though he seems to have practiced law little if at all. He was well-travelled and well-read, accumulating a notable book collection, according to the Brookline Historical society. Besides his watch collection, Lee also took an interest in the nascent automobile. He built a garage, o...
Monochrome
One of the most classical and complex yet satisfying complications to master is, of course, the Perpetual Calendar. It was Patek Philippe who first put a perpetual calendar pocket watch movement into a wristwatch in 1925, but the history of the Quantième Perpétuel, as it’s called in French and explains why it’s often abbreviated to […]
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SJX Watches
René Beyer, the eighth-generation owner of Beyer Chronometrie in Zurich, died suddenly on April 13, 2025, at the age of 61. Beyer was a towering figure in Swiss watchmaking circles, known not only for helming his family’s 260-year-old business, but also for his passionate stewardship of its famed clock and watch museum, his warm ties with independent watchmakers, and his family’s close relationship with Patek Philippe. He is survived by his wife. Beyer’s passing was first reported by Zurich newspaper Inside Paradeplatz. Born in 1963 into the Beyer dynasty that began in Germany in 1760, Beyer grew up surrounded by clocks and watches. Like his father, Theodor “Teddy” René Beyer, he qualified as a watchmaker himself, learning the business from the ground up. Beyer’s role in the family business started in 1986 when his father suffered a heart attack and was forced to step back. A decade later, Beyer had formally taken over as managing director and proprietor of Beyer Chronometrie, becoming the eighth generation to run the venerable retailer, which first opened in Zurich in 1822. Unlike many of its peers that expanded nationally and internationally, the business remained a local operation in Zurich. Like many watch retailers of the old-school, Beyer was synonymous with his store. The store on Bahnhofstrasse, the main shopping street of Zurich A retailer and curator During his nearly three decades at the helm, Beyer carried on his father’s legacy and bol...
Monochrome
Despite being an experienced watchmaker in his 50s, Nicolas Delaloye remains one of the discreet names in the independent watchmaking scene. But there are good reasons for that. This AHCI member just regained his independence and re-started making watches a few months ago, after a long period serving as a watchmaker-restorer at the Patek Philippe […]
SJX Watches
A mechanical watch is not always spot on; less-than-perfect timekeeping can happen, often due to an unruly oscillator. The solution is direct adjustments to the hairspring and balance assembly, either slowing down or speeding up the oscillator, a practice known as regulation. Watchmakers have devised multiple innovations to achieve this, including the free-sprung balance, exemplified by the Gyromax of Patek Philippe and Microstella of Rolex. While a simple concept in principle, the mechanics and practice of regulation are nuanced. Here we’ll delve into the theory of regulation and the primary regulating systems: the curb-pin regulator and the free-sprung (or variable inertia) balance. The Lange L043.4 with a screwed balance inspired by pocket watches Basic concepts In order to better understand watch regulation, we need to first cover some of the basic physics behind the watch oscillator: The component responsible for the running rate of a movement is its regulating organ. The regulating organ is made up of a hairspring paired to a balance, which together are also known as a harmonic oscillator. The natural oscillation period is the time it takes the balance to make a full swing, back and forth. The period is made up of two vibrations, one for each direction of the balance motion, with the escapement being unlocked at each vibration. Notably, the natural period of a balance wheel is intrinsic to itself and does not depend on the escapement type or the going train ratio. ...
Monochrome
When you think of split-second or rattrapante chronographs, you immediately picture high-end watches from Vacheron Constantin or Patek Philippe. Finding an accessible rattrapante chronograph, at least new on the market, is not an easy task, especially if you consider Swiss or European watch manufacturers. But something from the other side of the world is about […]
SJX Watches
There were relatively fewer surprises in 2024, perhaps because of the overall slowdown in demand for luxury watches. There were a few big surprises though, including the biggest one of all, the Patek Philippe Cubitus, leaving aside the leak thanks to a premature publication of Fortune magazine. Perhaps even more surprising and even bigger, both figuratively and literally, was the Bugatti Tourbillon, a hypercar inspired by a watch. Also notable was the fact that there was little unexpected from independent watchmakers, which perhaps underlines the still-robust demand for watches by the indies, which stick to safe bets that are easy to sell. Here’s a look at our team’s take on the unexpected launches of the year. Biver Automatique – SJX The first Biver watch was a carillon minute repeater with tourbillon that was finely finished, inside and out, but it was big, thick, and expensive. The follow-up, in contrast, was almost the opposite. The Automatique is compact and elegantly wearable, with a clean design that has just the right amount of vintage flavour. The only aspect where the Automatique stays true to its predecessor is in the finishing, which is outstanding, inside and out. The surprising bit about the Automatique is the movement. For one, it was developed by Dubois Depraz, better known as a maker of chronograph- and perpetual calendar modules mounted on ETA movements. Second, it arguably exceeds the movement of the Carillon Tourbillon in terms of design and decor...
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SJX Watches
Over the last decade, metal alloy hairsprings seem to fallen out of favour across watchmaking, with even conservative, haute horlogerie brands like Breguet and Patek Philippe turning to silicon balance springs. Not to mention large-scale makers of sporty watches like Omega and Tudor, which already transitioned to silicon balance springs. Rolex, however, stands out. The Geneva marque continues to employ a hairspring fabricated of its proprietary blue alloy – the Parachrom hairspring. The Parachrom hairspring inside the cal. 4131 of the Cosmograph Daytona The advantages of alloy The use of blue Parachrom is rooted in the simple fact that the right metal alloy boasts performance that is at least on par with its silicon counterpart – while offering some distinct advantages missing in silicon. Alloy hairsprings are traditionally made of Nivarox (and its family of related alloys), a special alloy that neither oxidises nor change its dimensions with variations in temperature. Invented in 1933 and almost a century old, Nivarox is a mix of nickel and iron, making it a ferromagnetic alloy, thus susceptible to influence from magnetic fields. The cal. 3255 of the Day-Date 40 is equipped with a Parachrom hairspring. Image – Rolex In order to make its hairsprings more resistant to magnetism and to bypass the Swatch-imposed monopoly on Nivarox hairsprings (Nivarox-FAR being one of the key companies of Swatch Group), Rolex set out to develop its own hairspring alloy in the early 2...
Fratello
Another Friday, another list! After last week’s Patek Philippe Nautilus list, it’s time to move on to Rolex. This week, we jump into the world of the vintage models that came before the iconic watches we know today. Some have the same cases and dials with one simple difference: the famous names we know today […] Visit Fratello’s Top 5 Rolex “Pre-Icon” Models to read the full article.
Quill & Pad
Tim Mosso and Armand Johnston discuss some of their favorite watches from three different price categories. Brands including Omega, Jaeger-LeCoultre, Patek Philippe, and many more are all selected to represent their various price points.
Monochrome
If you’re into watches, then the name Gübelin should sound familiar – you’ll probably first think about double-signed vintage Patek Philippe watches, once retailed by this house. Indeed, Gübelin is, first and foremost, a jeweller and watch retailer which has been in the business for over 150 years in Switzerland. Today, Gübelin returns to making […]
SJX Watches
The world’s most important watch trade show, Watches & Wonders, has just announced the dates for next year: April 1-7, 2025. Practically all major luxury watch brands present their latest wares at Watches & Wonder (W&W;), including Rolex, Patek Philippe, and Cartier. The event also named additions to the board of the Watches and Wonders Geneva Foundation (WWGF), the governing body of the event. Chanel, Hermès and LVMH join Rolex, Richemont, Patek Philippe, and Cartier on the board, giving representation to the biggest brands or groups showing at the event. Alongside the enlarged board, the WWGF appointed Cartier chief executive Cyrille Vigneron chairman of the board, taking over from Rolex chief executive Jean-Frederic Dufour, who now becomes the organisation’s treasurer. Still a key man on the board, Jean-Frederic Dufour (second from left) Give and take The changes at WWGF reflect longstanding rivalry between the brands and groups that emerged when the Salon International de la Haute Horlogerie, better known as SIHH, evolved into W&W; after the demise of Baselworld. Previously dominated by Richemont and Cartier, SIHH transformed into an event that included giants like Rolex and LVMH. LVMH long believed it deserved a seat on the board, according to a senior executive of its watch division. It is possible that the elevation of Cartier’s boss to the chairmanship is a concession for the jewellery agreeing to the enlarged board. Interestingly, the two-year term of Mr Vign...
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SJX Watches
Newly established “micro” brand Anoma follows a familiar template: making particular vintage designs or genres affordable. But it’s approaching the concept with a different flavour. Instead of “sector” dials or Breguet numerals, the brand’s inaugural watch, the A1 First Series, is a clean, geometric form inspired by 1950s furniture. Initial thoughts The A1 is refreshing change from the typical “micro” brand offering that is too often a remake of a vintage Patek Philippe or dive watch. While the A1 won’t have the broad appeal of a conventional round watch, it is an interesting alternative for someone on a budget. The A1 is more typical of “micro” brand offerings in its fit and finish. It is done well for the price, but some compromises had to be made to achieve the affordability. The gap between the case middle and back, for instance, is quite obvious. This isn’t a criticism but a fact true of all brands in this genre. Vintage flavour Founded by Matteo Violet Vianello, a management consultant who’s a watch entrepreneur on the side, Anoma aims to be a “experimental and daring vision of watch design”. The A1 is not modelled on a watch, but instead a triangular table designed in the 1950s by French architect Charlotte Perriand. Earlier in her career Perriand worked at Le Corbusier’s studio, where she helped design several now-famous pieces of furniture, including the B 306 chaise longue. The watch reproduces the outline of the table with the cas...
SJX Watches
Phillips’ upcoming New York auction, taking place on June 8 and 9, includes an unusual number of exceptional, highly complicated English pocket watches. Notably, these watches were consigned by the same discerning collector who owned the unique Patek Philippe ref. 767 with double split-seconds that recently sold for US$1.30 million including fees. All dating from the late 19th to early 20th century, the pocket watches exemplify the most prestigious type of timepiece in the world during the period, the high-quality English watch. Banker J. Pierpont Morgan, for instance, was an avid collector of English watches, and owned what was then the most complicated watch in the world, and made in England naturally. Quintessentially English That, however, was also when English watchmaking of this quality peaked. A victim of economic crises, war, and unwillingness to adopt new manufacturing technologies, high-end English watchmaking would go extinct after the Great Depression, though it has been revived in the 21st century in artisanal form thanks to the likes of Charles Frodsham. English watches in their heyday were often very complicated, but restrained in terms of movement decoration. This same philosophy would later be employed by George Daniels, who understood that quality did not equal decoration. He famously said on several occasions that a high-quality watches does not need fanciful decoration (which he implied was customarily Swiss). The auction includes five English pocket ...
Worn & Wound
Massena LAB has announced a new collaboration with independent watchmaker Raúl Pagès inspired by one of the most important Patek Philippe watches of the last century. The Absinthe, which serves as the direct follow-up to the pair’s massively successful 2022 release, the Magraph, brings together a proprietary hand-wound movement, a strikingly green dial (reminiscent of the infamous spirit for which the watch is named), and all the vintage charm we have come to expect from Massena LAB in one surprisingly affordable (and highly limited) package. William Massena is one of those rare figures in the watch industry who everyone seems to know. He’s an outsized presence who seemingly manages to be everywhere at once and have a hand in every facet of the watch industry. Over the last few years though, his name has come to be associated primarily with Massena LAB, where he consistently produces some of the most talked about limited editions and collaborations on the market. This latest release follows closely on the heels of a watch introduced last month. That watch - a collaboration between Massena LAB, Pagès, and Phillips Auction House in association with Bass & Russo - debuted the M690 movement used in the Absinthe and drew inspiration in its layout from the iconic (and record-setting) 1952 Patek Philippe ref. 2458 produced for J.B. Champion, Jr. That watch was one of only two Patek wrist watches to have been fitted with an Observatory-grade movement, and its unique d...
Fratello
We’ve all heard it: “You never actually own a Patek Philippe. You merely look after it for the next generation.” This advertising slogan became almost as iconic as the watches themselves. That’s understandable, too, considering how it tugs at the heartstrings and strongly implies superior quality. But what charges a watch with heirloom quality? And […] Visit Pass It On - The Heirloom Quality Of Properly Made Watches to read the full article.
SJX Watches
The spring auction season in Geneva started dramatically enough with a cyberattack at Christie’s that took down its website and app. Only Watch went ahead as scheduled, however, and raised over CHF28.3 million, with most of that coming from the Patek Philippe Grande Sonnerie ref. 6301A that sold for CHF15.7 million. What transpired at Only Watch also played out in the subsequent auctions over the weekend. The live sales at the four auction houses, Antiquorum, Christie’s, Phillips, and Sotheby’s, sold almost CHF85 million of watches, including fees (excluding Only Watch). This compared to over well CHF110 million for Geneva’s fall season last year. Although the sale season six months ago was buoyed by an extra live auction at Christie’s (that was subject of much chatter), the diminished total for this season reflects the state of the market. The waning sentiment was palpable in all the salerooms. That said, the auctions did throw up a handful of grand surprises, including CHF3.13 million for the Patek Philippe ref. 605 HU world time pocket watch with cloisonné enamel dial at Antiquorum, and CHF1.16 million for the Rexhep Rexhepi Chronomètre Contemporain I at Phillips. Christie’s sold the most expensive wristwatch this season with CHF2.47 million for a Patek Philippe ref. 1518 “pink on pink” (above), though Antiquorum claimed the title for most valuable timepiece with its ref. 605 HU pocket watch. Image – Christie’s The good and great indies One of the ...
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