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Results for WOSTEP (Watchmakers of Switzerland Training and Educational Program)

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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...

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The Mysterious Patek Philippe Ref. 2499 with a Vichet Case and Round Pushers SJX Watches
Patek Philippe Ref 2499 Dec 8, 2019

The Mysterious Patek Philippe Ref. 2499 with a Vichet Case and Round Pushers

Watches that are historical curiosities often make for good stories, and sometimes record-setting prices. The Patek Philippe ref. 2499 at Phillips’ upcoming New York sale, as it happens, is one such watch. Rare and usually expensive, the ref. 2499 is not the first perpetual-calendar chronograph made by Patek Philippe – that distinction goes to the smaller ref. 1518 – but it’s the most desirable, broadly speaking, because it has a largish case well suited to modern tastes. Introduced in 1950, the model is regarded to have been produced in four distinct series, each distinguished by various details like the shape of the pushers and the dial. The first series ref. 2499 is characterised by square, or rectangular, pushers, applied Arabic numerals on the dial, which also has a tachymetre on its periphery. For approximately the first two years of its production, the ref. 2499 relied on cases made by Emile Vichet, a Geneva specialist that was the go-to case maker for Patek Philippe during the period. Vichet case, round buttons. Image – Phillips Vichet and Wenger Vichet cases feature distinctive lugs, usually described as claw-like, which are elongated and curve sharply downwards. And because Vichet cases have a flat, as opposed to domed, case back, they sit slightly elevated, on the the tips of each lug, when placed on a table. The number of 2499s with Vichet cases is tiny: around four known in pink gold, and about 10 in yellow gold. Though Vichet went out of business i...

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Business News: Stefanie Ng Appointed CEO of Audemars Piguet SE Asia SJX Watches
Audemars Piguet SE Asia Audemars Piguet Dec 7, 2019

Business News: Stefanie Ng Appointed CEO of Audemars Piguet SE Asia

Audemars Piguet (AP) recently named Stefanie Ng to lead its operations in Southeast Asia, India and Australia. She succeeds Jonathan King, who departed the brand in April 2019. Having started her career at Swatch Group, Ms Ng joined AP in 2012 as marketing manager for the region, where she helped execute projects like the Royal Oak 40th anniversary exhibition and a giant floral clock at Gardens by the Bay. The past two years have been formative for the brand, both in Asia and the wider world, as it has steadily trimmed its third-party distribution while growing sales within its own stores, making the marketing efforts of Ms Ng and her team vital, particularly with the launch of the all-new Code 11.59 collection earlier this year. As chief executive, Ms Ng will work alongside two board members of AP, which is unusual amongst Swiss watchmakers in having shareholders resident in Singapore: Oliviero Bottinelli, whose family inherited its stake from former AP chief executive Georges Golay (1921-1987), and Sunil Amarasuriya, who was once the distributor for AP in the region and acquired a minority stake in 1990. The Audemars Piguet Code 11.59 tourbillon made for Only Watch, which sold for a record 1m Swiss francs at the charity auction in November Though the watch industry in the region, like that back home in Switzerland, is dominated by men, it’s noteworthy that two of the most important brands – coincidentally both family owned – are now run by women. The Patek Philipp...

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