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Results for NOS (New Old Stock)

16,799 articles · 2,290 videos found · page 367 of 637

Hands-On: Love At First Sight with the Lorca Model No.1 GMT Worn & Wound
Casio nally pause Feb 24, 2023

Hands-On: Love At First Sight with the Lorca Model No.1 GMT

As a self-proclaimed watch guy, I’ve developed a natural habit for watch spotting in the wild. It doesn’t matter if I’m in the midst of a routine trip to my local cafe or seated in my designated row as I observe the rest of the passengers board the plane. It’s also not limited to being out and about, as I’ve been known in my household to occasionally pause a movie if I spot something interesting on a character’s wrist. Needless to say, my watch-radar is always on. There are a few things that actually set this “radar” off. But for the most part, it’s design recognition. You know what you’re looking at, even when you just catch a glimpse of the watch from across the room. All the classic models and references have this going for them. A couple months back however, I must admit, I was stumped. A gentleman strolled into our Worn & Wound office and was looking to chat with someone from our editorial team. He walked into our headquarters, so surely he should have a watch on, right? So mid-conversation, I glanced over when the opportunity presented itself, and just visible outside of a denim shirt cuff, layered with a stone gray tweed overcoat, was a watch that I thought I recognized.But the more I looked, the more I got confused … and intrigued. “Definitely vintage,” I thought. But was it an IWC? A Universal Geneve? It was none of the above – it was actually something totally new. Turns out the gentleman visiting that day was Jesse Marchant, a New Yor...

Business News: Grand Seiko Inaugurates Asia-Pacific Arm SJX Watches
Grand Seiko Inaugurates Asia-Pacific Arm Having Sep 14, 2022

Business News: Grand Seiko Inaugurates Asia-Pacific Arm

Having enjoyed several years of double-digit growth in its biggest markets outside of Japan, Grand Seiko is continuing to hone a marketing and distribution strategy inspired by its Swiss peers. One of the key planks of its brand development has been to vertically integrate its sales channels, with Asia being the latest to join the mothership. Headquartered in Singapore, Grand Seiko Asia-Pacific is a newly established entity that will take charge of sales and marketing of the brand in the region. Grand Seiko Asia-Pacific becomes the company’s third regional subsidiary, after those covering Americas and Europe, both amongst the brand’s most important markets outside of Japan. The Grand Seiko boutique in Place Vendome, Paris The Asia-Pacific division of Grand Seiko no doubt develop the brand along similar lines as its counterparts in Europe and the United States. The senior managers in both the Americas and Europe are Omega alumni, with the head of the American operations also being the brand’s Global Strategy Officer. Unsurprisingly, Grand Seiko has embarked on a game plan centred on brand boutiques in upscale locations as well as limited edition models, mirroring the familiar approach utilised by many of its Swiss rivals. The newly-established Asia-Pacific operation is a joint venture between Seiko Watch Corporation and Thong Sia, the Hong Kong-based company that was the longtime Asian distributor for Grand Seiko (as well as other Seiko brands). It is chaired by Ak...

Business News: Watches & Wonders Returns to Geneva in March 2023 SJX Watches
Patek Philippe Jul 12, 2022

Business News: Watches & Wonders Returns to Geneva in March 2023

Having successfully pulled off the first large-scale watch fair in Switzerland since the pandemic started – and the first expanded event that included Baselworld transplants like Rolex and Patek Philippe – the organisers of Watches & Wonder will be doing it again next year. Watches & Wonders 2023 will take place in Geneva from March 27 to April 2, 2023 – though those are “provisional dates” according to the organisers. But before that the event will take place in two cities in China. First on the tropical resort island of Hainan from October to December 2022 where it will happen simultaneously in Haikou and Sanya. The CDF Mall in Sanya Last year’s W&W; at the West Bund Art Centre in Shanghai Each of these respective events will be taking place in a shopping mall operated by one of the country’s two primary duty-free retailers, China Tourism Group (CTG) in Haikou and China Duty Free Group (CDF) in Sanya. And then from November 23 to 27, W&W; will move to the West Bund Art Center in Shanghai, where it took place in previous years. Intriguingly, the announcement the 2023 event in Geneva begins with “Watches and Wonders announces… its first provisional dates for 2023”. And it omits the list of exhibiting brands. That is perhaps a hint that next year’s event will not have the same exhibitors as this year, reflecting widely discussed tensions between the various exhibiting brands and groups.  

Business News: Sam Hines Joins Online Auctioneer Loupe This SJX Watches
Cartier Crash “London” Jun 14, 2022

Business News: Sam Hines Joins Online Auctioneer Loupe This

A watch auction veteran who has had stints at all the major auction houses – Sotheby’s, Christie’s, and Phillips – Sam Hines has just been named managing director of Loupe This, the online-only watch auction platform that was established last year. Mr Hines will be based in Hong Kong, where he will oversee the soon-to-open Loupe This operation in the city. Unlike traditional auctioneers that hold seasonal sales with the online sales in-between, Loupe This has auctions opening and closing every weekday. In the 12 months it’s been in operation, Loupe This has sold over US$15 million of watches, including major lots like a 1967 Cartier Crash “London” that sold for over US$1.5 million. Now also a shareholder in Loupe This, Mr Hines (pictured above left) joins cofounders Eric Ku (centre) and Justin Gruenberg (right), who are both prominent vintage watch dealers in the United States. Having turned a teenage hobby into a profession, Mr Ku got his start as a specialist in vintage Rolex, though he has since diversified into other genres of collectible watches as well as watch restoration and repair. Mr Gruenberg, on the other hand, had watches in his blood, having been born into the business; his father, Donald, was a major vintage watch dealer since the 1980s. The record-setting 1967 Crash that sold on Loupe This in June 2022 The pair decided to form Loupe This to cater to the increasing and unending demand for watches. “The appetite for watches is all year long,...

Business News: Aiôn Attempts to Reestablish French Watchmaking SJX Watches
Audemars Piguet Apr 17, 2022

Business News: Aiôn Attempts to Reestablish French Watchmaking

Just as the biggest watch fair of the year opened its doors in Switzerland earlier in April, an industrial-scale watchmaking enterprise was born in France. Conceived as a vertically-integrated watchmaking group that makes movements for its own brands Aiôn Group, wants to establish “Made in France” as a key segment in a luxury-watch arena that’s dominated by Swiss, German, and Japanese players. Backed by government funding, Aiôn has the ambitious goal of producing 400,000 movements per year by 2025 in its new manufacture on the Mediterranean coast near Marseille. Although Aiôn has kept mum about the origins of its industrial capability, it is well known within the Swiss watch industry that the French group took over Swiss movement maker Felsa-Leschot, which was then moved lock, stock, and barrel to France. [Update April 20, 2022: Respected Swiss newspaper Le Temps published an article expressing scepticism about Aiôn, especially about the movement “factory” that Aiôn acquired. The article references the factory owner’s chequered history and involvement in multiple lawsuits. We believe the doubts expressed by the writer at Le Temps are well founded and would encourage everyone to read the article of March 16.] A Swiss foundation One of Aiôn’s founders is Anthony Simao, a French watchmaker who started his career in Swiss watchmaking, having worked at Breitling, Audemars Piguet, and Chronode. He then founded French watch brand Lornet, which has been merge...

Business News: Kering Sells Ulysse Nardin and Girard-Perregaux to Management SJX Watches
Girard-Perregaux Jan 24, 2022

Business News: Kering Sells Ulysse Nardin and Girard-Perregaux to Management

After several years of trying to grow its sub-scale watch division, Kering has sold both of its watch brands in a management buyout led by chief executive Patrick Pruniaux. A former Apple executive who started his watch career at TAG Heuer, Mr Pruniaux first took charge of Ulysse Nardin in 2017 before also taking the top job at Girard-Perregaux a year later. He proceeded to merge both brands into a single factory in La Chaux-de-Fonds, a move that was subsequently followed by layoffs the next year. The slimmed-down brands will have the flexibility to do more, while also facing the challenge of being relatively small players facing off against stronger brands. The French luxury group never managed to replicate the earlier success of its watch brands, both of which were run by iconoclastic entrepreneurs – Rolf Schnyder at Ulysse Nardin and Luigi “Gino” Macaluso at Girard-Perregaux. Both their deaths led to their heirs selling the respective companies to Kering, the Macaluso family in 2011 and the Schnyder family in 2014. Patrick Pruniaux With brands like Gucci and Saint Laurent in its stable, Kering had 2020 revenues of over €13 billion, leaving its two-brand watch division diminutive in comparison. The group never found the right formula for its watch division, resulting in the gradual erosion of sales. At the time of their respective acquisitions, Girard-Perregaux has annual sales of about CHF180 million and Ulysse Nardin about €190 million according to recent es...