Hodinkee
Breaking News: Bonhams' Seiko-Only Auction Disappears In The Wake Of Collector Scrutiny
The short-lived auction appears to be no more.
Results for NOS (New Old Stock)
16,799 articles · 2,273 videos found · page 355 of 636
Hodinkee
Hodinkee
Business News: Swatch Group Gets Green Light In Mechanical Movements Case
ETA now can operate freely in Switzerland's more competitive mechanical movement market, COMCO says.
Time+Tide
Attention all! You can preorder TAG Heuer’s 3 recent limited editions online right now, including Fragment Design and Montreal 160th
So, remember how TAG Heuer pretty much stopped the show at LVMH’s Dubai Watch Week at the start of this year with their stunning Carrera 160 Years Silver? Remember how much you, and pretty much every other person in our community, immediately wanted one, only to be told that all 1860 examples were sold out? Well, … ContinuedThe post Attention all! You can preorder TAG Heuer’s 3 recent limited editions online right now, including Fragment Design and Montreal 160th appeared first on Time+Tide Watches.
Time+Tide
5 interesting watches you can bid on right now from the Revolution x The Rake Covid-19 Solidarity Auction, inc. one worn on screen by Ryan Reynolds
Revolution and The Rake magazines have rallied together to put on a charity auction to support those impacted by Covid-19. Called the ‘Revolution x The Rake Covid-19 Solidarity Auction’, this online event is now live and there are plenty of interesting and noteworthy watches to bid on. The auction will feature several one-off piece-unique timepieces, … ContinuedThe post 5 interesting watches you can bid on right now from the Revolution x The Rake Covid-19 Solidarity Auction, inc. one worn on screen by Ryan Reynolds appeared first on Time+Tide Watches.
Deployant
Breaking News: Geneva Watch Days to be held from Aug 26 to 29, 2020
Breaking News: Geneva Watch Days will take place from August 26th to 29th. Luxury maisons taking part: Bvlgari, Breitling, De Bethune, Gerald Genta, Girard-Perregaux, H. Moser & Cie, MB&F;, Ulysse Nardin and Urwerk.
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Vintage SOTC - State of the Collection Vintage edition 2022 - Omega - Heuer - ROLEX - Bulova - Seiko
SJX Watches
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...
SJX Watches
J.N. Shapiro Introduces the Infinity Series P.01 Guilloche Meteorite
An educator turned guilloche specialist, Joshua Shapiro launched his namesake brand, J.N. Shapiro, in 2018 with the Infinity Series. a classically-styled wristwatch with a hand-made guilloche dial featuring a nested engine-turned pattern of his own invention. His latest creation is the Infinity Series P.01, a collaboration with Collective, an American watch-collector club. Though it looks similar to the standard Infinity Series at first glance, the P.01 most definitely isn’t. While it does have a guilloche dial, the dial material is not the usual silver and gold, but meteorite – a first in watchmaking. Initial thoughts Two things stand set the P.01 apart from Mr Shapiro’s work so far. The first is tangibly impressive – an engine-turned meteorite dial, a significant accomplishment in terms of craft and skill. The result is a striking surface that overlays the natural and random Widmanstätten pattern of the meteorite with Mr Shapiro’s sharply-executed engine turning, which sounds confusing but appears to be a pleasing mix of order and chaos. But perhaps more important for J.N. Shapiro as a brand is the brand-new serif typeface for the Arabic hour numerals. Designed with the help of an artist, the numerals give the watch a style that’s distinct – and more 20th century contemporary – compared to the typical J.N. Shapiro watch that features Roman numerals and a Breguet-inspired aesthetic. And the P.01 starts at US$21,500 in steel, which is not that much mor...
Hodinkee
Business News: Richemont: Coronavirus Wiped Out $880 Million In Sales In 3 Months
"No one can say when we will see economic activity normalize," Johann Rupert suggests.
SJX Watches
Business News: Richemont Pessimistic After Weak Results
Richemont’s fourth quarter was one of the victims of the COVID-19 pandemic, pulling down its results for the full year to end-March 2020. Even though the full year’s tally was not down substantially, Richemont chairman Johann Rupert was gloomy in his prediction for the coming year. China, the first country to recover from the pandemic, has “apparently returned to ‘business as usual’ remarkably quickly” and Richemont stores there are enjoying now “strong demand”. But because everywhere else is only partway through the crisis, the plain-speaking South African tycoon raised the possibility of “12, 24 or 36 months of grave economic consequences”, while halving the annual dividend to €1 a share to conserve cash. Johann Rupert. Photo – Richemont The Swiss luxury conglomerate, which owns brands like Cartier, IWC, and Panerai, enjoyed “good sales performance” until the fourth quarter, with its jewellery brands and online retail performing better than other divisions, including watchmaking, which has lagged for several quarters. At actual exchange rates, annual sales eked out a 2% rise to €14.2 billion, with most regions growing slightly, save for a 5% decline in Asia Pacific. Net profit fell 34%, excluding a one-off, non-cash gain due to a share revaluation the year prior. The declines were largely due to the fourth quarter, where Richemont took a massive hit. In the last quarter, sales fell by 18% globally, with Hong Kong crashing 67%. The group end...
Time+Tide
Baselworld officially cancelled for 2021, though MCH Group considering comeback via “follow-up formats”; journalists just pleased press releases will stop now
In what is surely, surely the last press release relating to the collapse of Baselworld, the MCH Group has announced that it has “taken the decision not to hold Baselworld in 2021”. Insert saddest ever meme here. The release also outlines the “amicable” end to a dispute over brands accessing refunds for this year’s cancelled … ContinuedThe post Baselworld officially cancelled for 2021, though MCH Group considering comeback via “follow-up formats”; journalists just pleased press releases will stop now appeared first on Time+Tide Watches.
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Benrus Sea Lord Swiss Made Automatic Affordable 300m Diver - Why is no one talking about this Watch?
Time+Tide
Tasneem’s Omega Speedmaster Moonwatch connects him to more people on earth than he knew before
This week’s gone full Speedmaster. On Saturday, it was the 50th Anniversary of the Apollo 13 mission, deemed to be a “successful failure”, because there was indeed a major malfunction, but all astronauts on the mission lived to talk about it. I was very fortunate to have heard this story told by one of the … ContinuedThe post Tasneem’s Omega Speedmaster Moonwatch connects him to more people on earth than he knew before appeared first on Time+Tide Watches.
Quill & Pad
Winners & Losers In The Watch World Of 2021 And Beyond: There Will Be Fairs, Jim, But Not As We Knew Them
The point of the large watch fairs is (or was) the sheer scale of their visitor numbers. In no other venue can brands meet with so many clients, collectors and press, and vice versa. If a large fair is limited in visitor capacity by health restrictions, can it still dominate the launch cycles of big brands? Ian Skellern examines likely winners and losers of the brave new world of exhibitions in 2021.
SJX Watches
Business News: Swiss Watch Exports Forecast to Drop 25% in 2020
Swiss private bank Vontobel has just published its highly-regarded annual report on the luxury watch industry – the news for 2020 is grim. Put together by a team led by managing director Rene Weber, the Vontobel Luxury Goods Shop predicts a 25% fall in Swiss watch exports in 2020 – the biggest drop in 50 years as a result of the COVID-19 coronavirus pandemic. A proxy for the global luxury watch market, Swiss watch exports declined 22% during the 2008 financial crisis, and recovered swiftly the year after. But during the financial crisis there were no store or factory closures, and no halt to international travel. Since mid-March most watch brands, including giants Rolex and Patek Philippe, have shut their factories, or introduced short-time work, with between 60-70% of employees at Swatch Group working reduced hours. File photo of the Rolex factory in Bienne that’s gone quiet for now. Photo – Rolex At the peak of the pandemic in China, when practically the entire country was in lockdown, Vontobel estimated February sales fell 80%, something it expects will be repeated throughout the rest of the world. And even e-commerce is not enough to alleviate the situation substantially, because of logistical challenges. The report notes that as of mid-March,”the Swiss watch industry has come to an almost global standstill.” Unsurprisingly, the bank expects the pandemic to result in a steeper fall and slower recovery for the Swiss watch industry. The bank expects a s...
SJX Watches
Business News: Sotheby’s to Start Weekly Online Watch Auctions
Having postponed its traditional April and May watch auctions till June and July respectively – no doubt with fingers crossed and a quiet prayer – as a result of the COVID-19 coronavirus, Sotheby’s has just announced Watches Weekly, an ongoing series of online-only watch auctions starting April 1, 2020. The auctions will take place on a rolling basis, with each sale lasting a week, then followed by the next sale, and so on. Each auction be centred around a theme while being relatively compact – the first sale is made up of 19 watches by Rolex and Audemars Piguet. The subsequent auctions will be Patek Philippe Design and Horology from April 8-15, then something for bargain hunters, Swiss Wristwatches with no reserve on April 15-22. Sam Hines, Sotheby’s global head of watches, explained the move in the announcement: “[Clients] are also increasingly confident [of buying] important pieces online. This was demonstrated last week, when we set a new record for a watch sold online at Sotheby’s [162,500 Swiss francs for a Rolex Daytona “Paul Newman” ref. 6262].” According to Mr Hines, the newly-announced online auctions will “complement the calendar of live sales and other online auctions already planned for the rest of the year”, implying that the rest of the auction calendar will proceed as planned. Watches Weekly makes Sotheby’s the first mainstream watch auctioneer – its peers are Christie’s, Phillips, and to a lesser degree, Antiquorum – to s...
Time+Tide
Some good news in the gloom, we just sent out the first round of bushfire donations!
Good news is hard to find in today’s locked down, socially distanced world. But we have some. Because today, after patiently waiting for all watches to be received by their buyers (two of the remaining watches are unique pieces and are still in production), we went to the bank and drew five bank cheques for … ContinuedThe post Some good news in the gloom, we just sent out the first round of bushfire donations! appeared first on Time+Tide Watches.
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IWC Mark XVIII | HODINKEE Spec Sheet | What You Need To Know
SJX Watches
Business News: Swiss Watch Exports to Hong Kong Post Biggest Fall in 20 Years
Trade body Federation of the Swiss Watch Industry (FH) just released its monthly export figures for Swiss watches – a proxy for the broader luxury watch market since Swiss timepieces dominate – and the February numbers are bleak. The month’s statistics illustrate two obvious trends that have shaped in the industry recently: the COVID-19 coronavirus is having a massive impact, and low-cost Swiss watches are being trounced by low-cost smartwatches. An Asian crisis, for now Compared with February last year, the value of exports globally declined by 9.2% – with export volume plunging 22.2% – but as the report notes darkly, the drop “does not yet fully reflect the actual situation in certain markets.” Unsurprisingly, the steepest declines were in the biggest Asian markets – China and Hong Kong – which suffered the worst period of the COVID-19 coronavirus pandemic in the first two months of the year. The biggest fall was in Hong Kong, where exports fell 42% – the largest monthly decline in 20 years. The city imported just CHF143m of Swiss watches, compared to CHF246m for the same month last year. Exports to China fell 51.5% to CHF73m, from CHF151m for February 2019. February was merely an acceleration of a months-long decline. For the first three months of the year, exports to Hong Kong have fallen 33% compared to the same period last year, while exports to China are down 22%. Though exports to other large markets like the United States, Singapore, and Germa...
Time+Tide
BREAKING NEWS: Rolex shuts down production for 10 days, closing three factories
Rolex Chief Executive Jean-Frédéric Dufour has today informed Rolex staff that they will be shutting down three factories in response to the increasing threat of COVID-19, from 5pm today. First reported by WatchPro USA, the news of the shut down was shared to Rolex employees in a letter, indicating the shut-down is set to last … ContinuedThe post BREAKING NEWS: Rolex shuts down production for 10 days, closing three factories appeared first on Time+Tide Watches.
Quill & Pad
Open Letter To Bulgari CEO Jean-Christophe Babin: I’ve Cancelled My Geneva Watch Days 2020, Now It’s Your Turn (But You Should Have Been First)
Despite feeling that Geneva Watch Days was wrong, hope, stupidity, and self-interest prevailed enough to cause Ian Skellern to hold off on canceling his accommodation in Geneva previously booked for the now-canceled Watches & Wonders 2020. He was hoping organizing brand Bulgari would cancel the event first and take the decision and uncertainty out of his hands. But it didn’t. Now’s the (well-overdue) time to say bye-bye to Geneva Watch Days 2020 in his opinion.
Deployant
Breaking news: Citizen exits Baselworld 2020. Updated with Press Release
Breaking News: Citizen is the latest to exit from Baselworld 2020, citing worries about the current epidemic of COVID-19 as the reasons.
Time+Tide
BUSINESS NEWS: Swiss watch exports unaffected by Coronavirus outbreak yet, according to FHH
While the Coronavirus outbreak certainly offers a number of reasons for the watch industry at large to be concerned, its effects haven’t been severely felt yet. According to recent data from the Fondation de la Haute Horlogerie (FHH), the first month of 2020 has seen strong watch sales, with a 9.4 per cent increase in … ContinuedThe post BUSINESS NEWS: Swiss watch exports unaffected by Coronavirus outbreak yet, according to FHH appeared first on Time+Tide Watches.
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TAG Heuer Monaco | HODINKEE Spec Sheet | What You Need To Know
Hodinkee
Announcements: Applications Now Being Accepted For The Horological Society Of New York Henry B. Fried Scholarship
Are you a watchmaking student? Apply now for awards up to $10,000!
SJX Watches
Business News: De Grisogono Declares Bankruptcy
Swiss jeweller De Grisogono, which in its prime was one of the most extravagant brands on the planet, has just filed for bankruptcy in Geneva, as a result of Luanda Leaks, the financial scandal that has engulfed Isabel dos Santos, the daughter of Angola’s former president, reports Swiss newspapers Tribune de Geneve and Le Temps. Luanda Leaks, a trove of leaked documents published by investigative news organisation ICIJ, revealed Angolan state funds were allegedly channeled to Ms dos Santos, helping make her the richest woman in Africa. Even before the leaked documents, Ms dos Santos and her family were already under pressure from her father’s successor, who has vowed to root out corruption in the oil-rich African nation. According to the documents, a portion of went to fund De Grisogono, which was acquired by a Angolan investors in 2012. The investment was led by Ms dos Santos’ husband, Sindika Dokolo, but allegedly funded by Sodiam, Angola’s state-owned diamond company. With De Grisogono continuing to lose money since 2012, the brand’s owners had been hawking De Grisogono for some time with no luck, and Luanda Leaks were the final nail in the coffin – the brand declared bankruptcy on Tuesday, January 28, 2020. The King of Black Diamonds Founded by Fawaz Gruosi in 1993, De Grisogono was perhaps most famous for its incredibly lavish annual party at the Cannes Film Festival – reputedly costing as much as 3 million francs in some years – that everyone who ...
Time+Tide
5 things you never knew about the Rolex Daytona
As one of the most important model series in the world today, the Rolex Daytona is used to living life in the spotlight. What that means is that there are very few things to say about the Daytona that haven’t already been said, but here’s a rundown of five milestone changes to how the Rolex … ContinuedThe post 5 things you never knew about the Rolex Daytona appeared first on Time+Tide Watches.
Time+Tide
5 things you never knew about Audemars Piguet’s Royal Oak
If you regard yourself as a fan of luxury watchmaking, it’s probably fair enough to assume that you have heard of the Audemars Piguet Royal Oak. For those of you that haven’t, it is, quite simply, an icon. It is the epitome of luxury steel watches, and there’s a good reason for that (read on … ContinuedThe post 5 things you never knew about Audemars Piguet’s Royal Oak appeared first on Time+Tide Watches.
Time+Tide
3 things you never knew about the Patek Philippe Nautilus
The Patek Philippe Nautilus forms the basis of this historic brand’s sports collection, which rivals the very best in the business. And the genesis of this iconic model shares its history with another legendary sports watch, further cementing the status of the man behind both pieces. Designed by Gérald Genta, the Audemars Piguet Royal Oak … ContinuedThe post 3 things you never knew about the Patek Philippe Nautilus appeared first on Time+Tide Watches.
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