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Winners Take All: How a Handful of Brands Dominate the Secondary Market SJX Watches
F.P. Journe FFC prototype left sold Feb 16, 2026

Winners Take All: How a Handful of Brands Dominate the Secondary Market

Industry price data provider EveryWatch has released its annual report on the state of the secondary market for luxury watches. The data confirms what many collectors already sense - the pre-owned watch market is booming, but the gains are concentrated in a small number of brands and references that are capturing the lion’s share of value, while the rest are left fighting over the scraps. Francis Ford Coppola’s personal F.P. Journe FFC prototype (left) sold for US$10.8 million, while his Chronomètre à Résonance sold for US$584,000 in December 2025. Image – Phillips Initial thoughts There are many reasons to be skeptical about much of the information gathered by industry data providers. For one thing, data gathered from dealers, internet listings, and auctions naturally misses the sizable proportion of transactions that happens offline. For another, the asking price is often easier to find than the clearing price, which tends to be lower. That’s not to say the data is unusable. On the contrary, the time series data gathered by data providers like WatchCharts can provide validation (or not) for anecdotal evidence and help collectors and dealers make more rational point-in-time decisions - if there is such a thing as a ‘rational’ watch purchase. What’s interesting is not necessarily that the market is estimated to be about US$20 billion in size, or that it’s growing at a rate in excess of 30% according to EveryWatch. What is more interesting is how the ...

First Look – Lederer Inverto Titanium 39mm, a Superb Inverted Take on the Central Impulse Chronometer Monochrome
Dec 10, 2025

First Look – Lederer Inverto Titanium 39mm, a Superb Inverted Take on the Central Impulse Chronometer

With the Inverto Titanium, independent watchmaking atelier Lederer refines the 2023 Central Impulse Chronometer InVerto, a large 44mm watch in a blackened case, into a compact, titanium-framed display of one of the most sophisticated escapement architectures in modern watchmaking. It’s a culmination of forty years of mechanical experimentation, distilled into 39mm of pure chronometric artistry, […]

Introducing – Eska Launches the New Racing Chronograph Automatic, a Sub-500 Euros Take on Motorsport Design Monochrome
Dec 8, 2025

Introducing – Eska Launches the New Racing Chronograph Automatic, a Sub-500 Euros Take on Motorsport Design

Originally founded in 1918 in Granges, Switzerland, Eska Watches vanished during the quartz crisis and was revived in 2024 by Christophe Chevreton and Sinicha Knezevic. The partners quickly captured the essence of Eska’s heritage and adapted it to modern trends. The rebirth began with the Amphibian 250 dive watch and the Heritage Chronograph, both assembled […]

First Look – The Raymond Weil Toccata Heritage is an Attainable, Elegant Take on the Elliptical Shaped Watch (Incl. Video) Monochrome
Raymond Weil Oct 28, 2025

First Look – The Raymond Weil Toccata Heritage is an Attainable, Elegant Take on the Elliptical Shaped Watch (Incl. Video)

Following the success of the Millesime collection, a series of vintage-inspired, 1930s-based watches that have been praised by enthusiasts and industry insiders (including us), Raymond Weil is back with yet another “Heritage” collection, despite being a relatively young brand founded in 1976. Surfing on the renewed interest for shaped, classic and dressier timepieces, the brand introduces the […]

Cartier Tank a Guichets Review: A Quirky Art Deco Classic Returns Teddy Baldassarre
Cartier Oct 20, 2025

Cartier Tank a Guichets Review: A Quirky Art Deco Classic Returns

Usually, when we think of Cartier, our thoughts turn to classical luxury and elegance rather than military-style minimalism. However, the world-famous maison and “jeweler of kings” has long dabbled in both worlds, at least when it comes to watchmaking. And there is no better example of a timepiece that embodies that ethos than the rather unexpected headliner of Cartier’s new releases at the 2025 Watches & Wonders salon: the Cartier Privé Tank à Guichets.  The Tank à Guichets, of course, is an evolution of the original Cartier Tank watch, which is itself a historical example of a modern luxury item with clearly military inspiration (it’s right there in the name, actually).  Throughout its prestigious history since being unveiled in 1917 by its inventor, Louis Cartier, the Tank has evolved in ways that are both subtle and revolutionary and has appeared in forms of which many of us might not even be aware. Some of these more exotic and unusual Tank pieces have found their way back into the main collection in recent years as part of the Cartier Privé series, and it is from this series that the new Guichets, in its three distinctive iterations, does indeed hail.  The Original Cartier Tank But let’s start off by establishing where this watch’s design legacy began. The classic, original Cartier Tank, which didn’t actually go into serial production until 1919, derived its name and its rectangular, curvilinear case shape from the World War I-era Renault FT-17 t...

W Worn & Wound
Worn & Wound
Oct 17, 2025

[VIDEO] Time Flies: AVI-8’s All-New P-51 Mustang-Inspired Limited Editions Take Us to Our First Airshow

There are few things that stir the senses like the roar of a WWII warbird overhead. For enthusiasts of mechanical things-whether engines or movements-an airshow is a sensory overload: the glint of polished aluminum in the sun, the bone-rattling sound of propellers, and the raw thrill of machines built for speed, precision, attack, and evading. This year is the 85th anniversary of the venerable P-51 Mustang. So with AVI-8’s all-new Hitchcock Automatic and Kindelberger Chronograph Limited Editions in tow, both inspired by this iconic plane, we decided to head out to our very first airshow. Here’s what we learned-and what you should know-before you go wheels-up into the world of aviation’s biggest stage featuring this exact WWII fighter. The post [VIDEO] Time Flies: AVI-8’s All-New P-51 Mustang-Inspired Limited Editions Take Us to Our First Airshow appeared first on Worn & Wound.

Grand Seiko Adds a New Dress Watch with the 9SA4 Caliber to the Collection, Plus a New Tentagraph Worn & Wound
Grand Seiko Adds Sep 11, 2025

Grand Seiko Adds a New Dress Watch with the 9SA4 Caliber to the Collection, Plus a New Tentagraph

Almost as soon as Grand Seiko released the SLGW002 and SLGW003 at Watches & Wonders 2024, we started to wonder what this new class of manually wound dress watch from one of our favorite brands might look like in different variants. This seemed like a natural platform for expansion, and we figured it was just a matter of time before we saw some alternative dial options and new metals. In the year and a half or so since Grand Seiko introduced these watches, and the 9SA4 caliber powering them, things have been quiet on the manually wound dress watch front. That is, until this week, when we finally got a peek at the new SLGW007, Grand Seiko’s first new launch with this case and movement since the big debut at Watches & Wonders last year.  While the most obvious update on the surface here is certainly the new dark blue dial, it’s actually the case itself that really has my interest. The SLGW003, you’ll recall, was crafted from Grand Seiko’s Brilliant Hard Titanium. This is a very cool material, for sure, but has a niche appeal in a classically styled dress watch like this thanks to its ultra light weight and the associations we all have with titanium and tool watches. The SLGW007 is in stainless steel, and I’m incredibly curious to see how this might change the character of the watch on the wrist. One would certainly expect it to be a bit heavier, but I imagine the finishing will also have a slightly different, perhaps more traditional look to it, at least in the con...

eBay Finds: Another Cool Vintage LED, a Gorgeous Grand Seiko, and an Art Deco Bulova Worn & Wound
Grand Seiko Aug 15, 2025

eBay Finds: Another Cool Vintage LED, a Gorgeous Grand Seiko, and an Art Deco Bulova

eBay Finds is back! This bi-monthly installment will feature a selection of watches currently listed on eBay that have caught the eye of editor Christoph McNeil (@vintagediver). If you come across any hidden gems on the ‘Bay drop us a note at info@wornandwound.com for potential inclusion. Shreve & Co LED  Another week, another cool vintage LED! I honestly don’t know why there are so many of these coming out of the woodwork, but I’m glad they are. This one is a vintage Shreve & Co. with a nice space-age chunky look. The 36.5mm steel case is in great shape with sharp edges and unpolished. The bracelet is original and complements the watch perfectly. The display works and the watch runs as it should. Nice 1970’s goodness from a seldom seen brand. View auction here Vintage Grand Seiko 6146-8000  We have a real winner here, a vintage Grand Seiko 6146-8000 dress watch. This 61GS epitomizes Grand Seiko’s Grammar of Design aesthetic. The broad planes, sharp edges and mix of brushed and polished finishes is simply sublime. The silver dial is clean and has the classic simple stick markers and a day/date window at 3 o’clock. The dauphine hands have gorgeous bevels, a testament to the precise craftsmanship of the Grand Seiko line. The 6146 movement is hi-beat, pulsing at 36000 beats per hour. The deeply grooved crown is original and signed with the GS logo as it should. The gold GS caseback medallion is in really nice condition as well. Really a beautiful piece here. Vie...

A Minute Repeater You Can Take for a Swim: Vacheron Constantin Launches the Overseas Grand Complication Openface Worn & Wound
Vacheron Constantin Launches May 13, 2025

A Minute Repeater You Can Take for a Swim: Vacheron Constantin Launches the Overseas Grand Complication Openface

Another day, another cool Vacheron Constantin release. Barely a month on from Watches & Wonders (where I will remind you, Vacheron dropped the most complicated wristwatch ever made), the iconic brand, currently celebrating its 270th anniversary, has released another high complication heater - a skeleton dial, perpetual calendar, minute repeater with tourbillon dressed up as a titanium Overseas. Coming into 2025, it was pretty clear to see that Vacheron was ready to make some noise. For one thing, the brand was (as I mentioned) celebrating its 270th birthday, something the marketing folks at Vacheron have not been shy about, but more than that, the brand has been on a pretty incredible run over the last few years. Even without the cover of an anniversary year, recent new releases from Vacheron Constantin have increasingly been greeted as objects of interest, both in a technical and cultural sense, and there’s a real feeling that someone at Vacheron HQ clearly knows what they’re doing. The new Overseas Grand Complication Openface is an objectively impressive offering. Measuring in at 44.5mm across and 13.1mm thick in grade 5 titanium (a material also seen in last year’s Overseas tourbillon) this latest Overseas does feature slightly reworked case proportions, with a narrower bracelet relative to its smaller siblings and what looks to me to be a slightly longer lug to lug and thinner bezel, relative to its admittedly larger case size. The watch is also water resistant...

Zenith Reimagines Its Caliber 135 For The 21st Century Teddy Baldassarre
Zenith Apr 1, 2025

Zenith Reimagines Its Caliber 135 For The 21st Century

The year 2025 marks 160 years since the founding of Zenith in Le Locle, Switzerland, back in 1865. As watchmaking brands are wont to do, Zenith is commemorating this milestone by putting forward a watch for the occasion that’s representative of its storied history, as well as its own contemporary identity. Now, as Watches & Wonders 2025 kicks off, we are clear on how the brand aims to celebrate the occasion, and its chosen vehicle is a new collection inspired by Zenith’s own founder, complete with an update on its storied Caliber 135, which breathes fresh life into an old favorite movement. These are the conditions in which the rising star of the G.F.J. collection joins Zenith’s constellation. At the tail end of the 19th century, the mounting competition within the watch industry brought about a new standard of gauging the accuracy of movements, and watchmakers began employing observatory trials to signal to customers that their products were as accurate as possible. This was also at a time in which highly accurate timepieces were necessary for successful marine navigation. Before the COSC certification standards that are so rigidly defined today were coded, individual movements would be sent to observatories, where they would undergo testing procedures, as well as competitions for chronometry prices. Zenith details that it had been routinely entering chronometry trials as early as 1897. And, because a bit of healthy bragging is appropriate with brag-worthy achieveme...

The Exaequo Melting Watch is a Surrealist Take on Watch Design Worn & Wound
Cartier Crash OK maybe it’s Nov 5, 2024

The Exaequo Melting Watch is a Surrealist Take on Watch Design

If you’ve been paying attention to the world of the Hype Watch over the last few years, you’ve no doubt stumbled upon the hypiest Hype Watch of them all: the Cartier Crash. OK, maybe it’s not the hypiest Hype Watch, but it’s close. In terms of genuine rarity and the Crash’s ability to show up on the wrists of movie stars, recording artists, and top tier influencers with regularity, it’s certainly a big part of the conversation. There are a lot of reasons why the Crash has become so sought after in recent years, but one of them is certainly a movement among the larger watch market to pieces that are, at least on the surface, more unusual, and lead with design. The Crash, then, is really part of the rising tide that is lifting the ship of shaped cases more generally. And that brings us to the Exaequo Melting Watch, an unusual avant-garde design with a shaped case that is, at least in some ways, Crash adjacent, but a small fraction of the cost and quite a bit more approachable.  Longtime enthusiasts might remember the Exaequo Softwatch from the 1990s, which has carried on cult favorite status even to this day. The Melting Watch is effectively the modern rendition of the Softwatch, and has been brought back this year in a well timed bid to take advantage of a movement toward uncommon shapes and designs.  While the possibly apocryphal story of the Crash involves a Tank being accidentally melted in a fire after a car wreck, Exaequo has always proudly touted their w...

Introducing the Alterum Worldtimer, a Minimalist Take on a Notoriously Busy Complication Worn & Wound
Oct 23, 2024

Introducing the Alterum Worldtimer, a Minimalist Take on a Notoriously Busy Complication

You might be familiar with the work of Justin Walters through his work with Marin Instruments, which burst onto the microbrand watch scene back in 2021 with a unique, contemporary spin on the classic skin diver. Justin has just launched a new brand, the Alterum Watch Company, which he’s been teasing to those of us in the industry for nearly as long. It’s great to see the watch finally made public, and to see Justin fully emerge as one of the most interesting watch design minds working today. Between this initial release for Alterum and the ongoing work with Marin, we’re seeing a clear, modern aesthetic evolve right before our eyes. Best of all, these watches are accessible to just about anyone, proving once again that you don’t need to spend a small fortune for thoughtful and interesting design.  The working principle behind the Alterum Worldtimer is one of simplicity, or “cutting away the chaos,” as Justin puts it. We’ve heard and seen this before, of course. Many brands attempt to reach a minimal design, but it’s hard to think of one that starts with a worldtimer, a genre of watch that’s busy almost by definition. But it’s a good test, when you think about it. If the goal of Alterum as a brand is simplicity and clarity, finding success with a worldtimer would seem to bode quite well for future projects. In many ways the Alterum Worldtimer feels familiar, at least in its functionality, but when you really start digging into the details you come to und...

Furlan Marri Introduces an Updated Take on the Disco Volante Worn & Wound
Furlan Marri Introduces Jul 16, 2024

Furlan Marri Introduces an Updated Take on the Disco Volante

The latest from Furlan Marri pays tribute to a classic watch design while adding just enough of a twist to make it feel contemporary. The new Disco Volante takes a circular, flying saucer-like case that first became popular in the 1930s as its starting point, and tweaks the formula slightly. Thinking about Furlan Marri’s previous work and the design language they’ve established, the Disco Volante makes a lot of sense in their ongoing project of updating classic Art Deco ideas, and the watch really fits into the current moment as well, which has seen shaped cases and unusual designs pulled from the past and brought up to date for new audiences.  The circular cases seen here have hidden lugs on the back side, so these sit as a perfect circle on the wrist. Cases with no visible lugs, of course, tend to wear a bit smaller, so Furlan Marri has chosen to make these Disco Volantes in 38mm as opposed to the more traditional 36mm cases found on vintage watches in this style. In theory, this should open up the Disco Volante to both men and women who are used to wearing modern watches, but seek something a little unusual and heavily vintage inspired. The integrated crown that sits flush with the case further reinforces the Disco Volante’s shape, as does the gently curved bezel.  Three dial options are available at launch: Havana Disco, Disco Celeste, and Disco Verde. The Havana Disco is perhaps the most striking of the bunch, and acts as a link to Furlan Marri’s very first ...

Airain and Seconde/Seconde/ Team Up for a Surprisingly Whimsical Take on the Type 20 Worn & Wound
Breguet Jul 10, 2024

Airain and Seconde/Seconde/ Team Up for a Surprisingly Whimsical Take on the Type 20

Montres Airain began in 1934 and quickly became well known for producing reliable, high-quality timepieces. During the 1950s and 1960s, they were among the chosen suppliers of the Type 20 Chronograph for the French Army, alongside Breguet and Dodane. In 2020, Airain was revived after being purchased from a French entrepreneur and watch enthusiast. The brand has been thriving ever since with a string of aviation inspired releases, starting with their new version of the highly sought-after “Type 20” Flyback Chronograph. New for 2024, in a surprise collaboration, Airain has teamed up seconde/seconde/ to add a touch of whimsy to the austere Type 20 design. The new Airain Type 20 x seconde/seconde/ “Up in the Air” limited edition is based on the original Flyback Chronograph design. Romaric André, the designer otherwise known as seconde/seconde/, envisioned bringing back this iconic piece to its rightful place in the sky and in France. Hence, the subdials create the illusion of airplane portholes looking out on pixelated 8-bit clouds, with the left subdial offering a glimpse of the tip of the Eiffel Tower. He explains his intentions on the case back, and the inclusion of the Eiffel Tower serves as a reminder of the watch’s heritage and its connection to French aviation. This flyback chronograph’s stainless steel case measures 39mm in diameter (39.5mm across the bezel), 14.77mm to the top of the double-domed sapphire crystal, and 47.7mm from lug tip to lug tip. The c...

Yema Introduces a New Skin Diver with their Micro Rotor Caliber Worn & Wound
Yema Jun 24, 2024

Yema Introduces a New Skin Diver with their Micro Rotor Caliber

French watchmaker Henry-Louis Belmont established Yema in 1948 and quickly became known for manufacturing ultra-capable tool watches. By 1954 their production reached 130,000 watches and by the mid 1960s they were selling over 400,000 watches annually in 55 countries. Their motto “Time of Heroes” became their official slogan, and their watches were particularly suitable for diving, car racing, and military expeditions. Today, Yema is experiencing a resurgence and is introducing a new modern interpretation of their iconic Skin Diver. The Skin Diver Slim CMM.20 is not just another pretty face. Beneath the beautiful dark grey dial beats their in-house Calibre Manufacture Morteau 20 movement (CMM.20). It is rated for accuracy at -3/+7 seconds a day, has a power reserve of 70 hours, and is extra slim due to its micro-rotor. The watch measures 39mm in diameter, 47mm from lug-to-lug, and only 10mm tall to the top of the double-domed sapphire crystal. Despite being relatively thin, it is water-resistant to an impressive depth of 300 meters. Adding to its vintage styling is a dark grey, faded bezel insert covered by sapphire glass. Its lume pip, along with all the lume on the dial and markers, has that aged radium look, which complements the design very well. The watch comes mounted on a new slimmer Yema Scales bracelet, which integrates better with the Skin Diver’s slimmer profile. The screw-down case back offers a transparent view of the movement, featuring a black ALD (ato...

Tuul Launches the Filthy 13, a New Take on the Classic Military Spec Tool Watch Worn & Wound
May 6, 2024

Tuul Launches the Filthy 13, a New Take on the Classic Military Spec Tool Watch

It’s always fun when we get to introduce you to a new entrant in the micro-brand tool watch space, and today is no exception. Tuul (pronounced tool) is a brand new Brooklyn-based micro-brand with a focus on - you guessed it - tool watches. If you spend too much time on Instagram (who am I kidding, we all do), you may have seen teasers for their first watch peppered through your feed over the last year. Now, with the introduction of the Filthy 13, we’re finally getting to see what a Tuul watch looks like. For a new brand building their first watch, it is almost always the right choice to go simple. Making a watch is hard, making a good watch even harder, and overcomplicating the process can easily turn the whole thing into a jumbled mess. Besides, tool watches should be simple and straightforward, ready to do their job and not much else. So it’s no big surprise that Tuul has fallen back on a familiar source of inspiration for their first release - the Dirty Dozen watches issued by the MoD to British troops during World War II, which is in many ways the prototypical tool watch. The Filthy 13 follows closely in the footsteps of the Dirty Dozen Watch, Wrist Waterproof spec and carried over the familiar dial layout with central hour and minute hands, small seconds at six o’clock, large Arabic numerals, a railroad minute track, and an abundance of lume. The Filthy 13 swaps the radioactive paint used on the original dials for Super-Luminova, which here has a slightl...

Take An Early Peek at the Products of Windup Watch Fair San Francisco 2024 Worn & Wound
Citizen group family Alpina brings Apr 25, 2024

Take An Early Peek at the Products of Windup Watch Fair San Francisco 2024

Windup Watch Fair San Francisco is right around the corner and if you’re like us, you’ve only got one thing on your mind: what watches am I going to see? Whether you are planning to stop at specific brands on your tour of the new venue in Fort Mason, or your plan is to wander through the 80 different watch and EDC brands, today we’re highlighting a selection of standout projects from our Lead Sponsors. As always, Windup is free and open to the public, thanks in large part to these brands who continue to support the enthusiast community. You can see all of these brands and more at the 2024 Windup Watch Fair in San Francisco: Fort Mason – Gateway Pavilion, 2 Marina Blvd, San Francisco Friday, May 3: 12PM – 6PM Saturday, May 4: 12PM – 6PM Sunday, May 5: 12PM – 5PM Free and open to the public You can see every product listed here and more from each sponsor on the Windup Watch Fair Product Showcase. While you’re on the site, be sure to sign up for Windup updates to make sure you continue to get the latest info in advance of and throughout Windup Weekend. Alpina One of the key brands in the Citizen group family, Alpina brings design and engineering talents to build luxury sport watches that operate with the highest available standards in precision and reliability through sporting environments. At Windup SF 2024, Alpina will showcase their Alpiner Extreme Automatic model, relaunched in 2022 after a 2009 introduction. Now with stainless steel bracelets, the watch c...

Introducing – Hanhart Resuscitates its White Pilot Chrono with the 417 ES Moby Dick Monochrome
Feb 23, 2024

Introducing – Hanhart Resuscitates its White Pilot Chrono with the 417 ES Moby Dick

Hanhart, the German brand that started life in Switzerland as a manufacturer of stopwatches before relocating to Germany in 1902, gained renown as a producer of Flieger (pilot’s) chronographs. In the mid-1950s, Hanhart built the 417, the first pilot’s chronograph for the German Armed Forces, with an emphasis on robustness, reliability, and readability. In circulation […]