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Baltic Introduces Dec 2, 2020

Baltic Introduces the HMS and Bicompax Perpétuel Editions

A newly established specialist retailer in Dubai, Perpétuel is making its debut with the Baltic x Perpétuel HMS and Bicompax, a pair of watches conceived to mark the 49th National Day of the United Arab Emirates, which was formed in 1971, hence the 71-piece edition. Both are variations of the signature timepieces of Baltic, a French brand that got its start on crowdfunding platform Kickstarter and has since made accessibly priced, retro-style watches its specialty. The HMS Initial thoughts Baltic offers a strong value proposition with its vintage-inspired watches featuring stepped bezels and sector dials that are powered by Chinese movements, explaining the affordable pricing. The Perpétuel editions are novel. Although their Eastern Arabic numerals on the dial are common in watches for the Middle East, they are not often found in entry-level watches, especially those with retro designs. Combined with the forest-green dial colour, both models are very much catered to the culture of the Middle East. But they also have substantial appeal for anyone outside the region, thanks to the colour, smart design, and graceful style of the Eastern Arabic script. But the Perpétuel are pricey, being notably more expensive than the standard models. However, they are still affordable in absolute terms, and considering the small, 71-piece run, remain fair value for money. HMS and Bicompax Both the HMS and Bicompax share the same case dimensions of 38 mm by 12 mm. Matched with a domed Hes...

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anOrdain Dec 1, 2020

Anordain Introduces the Model 1 Fumé

Having made its debut two years ago with the original Model 1, Anordain has just announced the Model 1 Fumé that features a fired enamel dial in graduated, translucent colour. Based in the Scottish city of Glasgow, Anordain’s specialty are vitreous enamel dials in lightly-designed, affordable watches, and the Model 1 Fumé boasts the most elaborate dial to date. Brightly coloured in the centre and darkening towards the edges, the dial of the new Model 1 is the result of experimenting with a silver dial base, instead of the usual copper. After a year’s worth of trial and error, Anordain’s pair of in-house enamellers finally perfected the smoked enamel dial. Initial thoughts With its fired enamel dial in pastel colours, the original Model 1 was an appealing watch with even more appealing value, being priced at a little under US$1,400 at the time. It was a modestly sized watch with a simple dial that was still distinctive, thanks to the proprietary typography and smart dial design. And the recognisable texture and colour of the enamel dial made it even better. The new Model 1 is essentially identical in terms of size and style. Although the case has been subtly redesigned, it retains the same dimensions, which means it wears well and feels a little bit like a vintage watch, albeit one that’s quite thick for the diameter. But the new dial is far more striking. In fact, the dial is similar to that found on last year’s Model 2, a good-looking watch that is a little b...

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Revolution

Oris Big Crown Pointer Date Dec 1, 2020

Introducing the Fratello x Oris Big Crown Pointer Date

Revolution speaks with Robert-Jan Broer of fratellowatches.com, on the launch of their limited edition watch made in partnership with Oris. The Fratello x Oris Big Crown Pointer Date is a 40mm bronze cased rendition of the watch with an oxblood dial that features rose gold colored hands and gilt print. The 300-piece limited edition will be sold exclusively through https://shop.fratello.com/ priced at €1,950

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Quill & Pad

Seiko Presage Nov 30, 2020

Seiko Presage: A 2020 Overview With Some New Watches

Seiko has always made it a point to deliver bang for your buck. And in recent years, the brand has been realigning its different collections with the aim of offering collectors exciting products in every price category. For the Presage, this means that there are now two tiers to the collection: Prestige and Basic. Martin Green takes us through a number of the latest models for 2020.

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Time+Tide

Bravur Nov 29, 2020

MICRO MONDAYS: The Bravur x Wingårdh delivers Nordic modernism at its most clean and serene

In Scandinavia, our long dark winters should be a fertile breeding ground for horology. Just as the oppressive gloom sent the Swiss inside to tinker about with watchmaking tools and lathes, you might expect a similar tradition to have developed in these parts – Scandinavian design and Nordic minimalism are, after all, deeply engrained in … ContinuedThe post MICRO MONDAYS: The Bravur x Wingårdh delivers Nordic modernism at its most clean and serene appeared first on Time+Tide Watches.

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D Deployant

Deployant

Nov 29, 2020

Throwback Sundays Six Modern Watch Icons, from Our Archives (Part II)

Last week, we talked about six modern watch icons that have made an impact in the watch industry. We think that although we have featured six watches, it is certainly not enough to cover the array of wonderful watches that deserve a spot on the list. Hence, in this week’s article, we have decided toRead More

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Louis Erard Introduces Nov 26, 2020

Louis Erard Introduces the Le Régulateur Vianney Halter

Almost exactly a year after the inaugural limited edition designed by Alain Silberstein, Louis Erard has just unveiled its second collaboration, this time with Vianney Halter, the watchmaker best known for a unique, steampunk-inspired aesthetic. Designed by Mr Halter and made by Louis Erard, the Le Régulateur Louis Erard x Vianney Halter is based on the Excellence Régulateur, but dressed up with many of the independent watchmaker’s signature design elements on the dial. Initial thoughts The dial is executed with the distinctive aesthetic found on Mr Halter’s best-known watches, namely the Antiqua and Classic – which were penned by American designer Jeff Barnes. Although the case and dial layout are identical to Louis Erard’s stock regulator model, the typography and hands of Mr Halter are unique enough to make it instantly recognisable. As it is based on the standard model, the Régulateur Vianney Halter has the same strengths and weaknesses. Most obviously, it is affordable and good value, but the case is thick at a little over 12 mm high, meaning it feels slightly chunky. Conceptually, this collaboration functioned exactly like the earlier one with Alain Silberstein, but it feels less complete because of the background of the collaborator. While Mr Silberstein was always a watch designer, Mr Halter is well established as a watchmaker and known as a skilled prototypist. As a result, while the new watch possesses a recognisable Vianney Halter style – and it ...

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Blancpain Introduces Nov 26, 2020

Blancpain Introduces the Villeret Extraplate Boutique Edition

Perhaps the quintessential Blancpain dress watch, the Villeret is simple yet distinctive in style. Named after the own where Blancpain was founded, the Villeret collection has existed since the resurrection of the brand in the 1980s, but almost always with a white dial. So the latest to join the line up is unusual: the Villeret Extraplate Boutique Edition, a richly coloured watch in yellow gold and metallic olive green. Initial thoughts While exceedingly simple in design, the Villeret is made up of several subtle elements that make its instantly recognisable. The Roman numerals, for instance, have an unusual, geometric font that give them a slightly modern look. Add to that leaf hands with an open centre, and the narrow, double-stepped, bezel, and it is a Villeret. The design is easily defined, but the Villeret line up is mostly made up of watches that resemble each other – most commonly a solemn white dial matched with a rose gold case. The highlight of the new model is its colour, which makes a big difference. A first for Blancpain, the combination of a yellow gold case with a green dial is starkly different from the typical Villeret iterations. The colours are more contemporary and less old fashioned, resulting in a dress watch that stands out. Because both the case and dial colours are warm, the watch has a rich, saturated look that is striking, but perhaps not for everyone. That said, it is only 40 mm wide and 8.7 mm high, compact dimension that give it a discree...

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Revolution

MB&F; Nov 24, 2020

Introducing the MB&F; HM4 Kittyhawk Pièce Unique

MB&F; marks the 10th anniversary of the HM4 with a pièce unique made from the very prototype that was used to launch the watch in 2010, meet the HM4 Kittyhawk.

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Girard-Perregaux Introduces Nov 23, 2020

Girard-Perregaux Introduces the Laureato Ghost

One of the earliest entrants in the luxury-sports watches segment, the Girard-Perragaux Laureato made its debut in 1975. But the model did not remain in production consistently, and only recently enjoyed a revival with a relaunch in 2017. With its relaunch, the Laureato line up now includes complications like the tourbillon, exotic case materials like sapphire, and onyx stone dials. The latest is perhaps the most striking version to date: the Laureato Ghost that was designed in collaboration with Bamford Watch Department (BWD) and rendered entirely in white ceramic. George Bamford with the Laureato Ghost Founded by George Bamford, the fashion and watch entrepreneur who’s the son of construction-equipment tycoon Sir Anthony Bamford, BWD started out as an after-market customiser of Rolex watches and swiftly became one of the preeminent brands in that niche. But BWD has since evolved into an officially-endorsed customiser (albeit not by Rolex), having received the stamp of approval from various watchmakers, most notably from the brands owned by LVMH, namely TAG Heuer and Zenith. The Laureato Ghost is the first collaboration between BWD and Girard-Perregaux (GP), having been rolled out for the 45th anniversary of the Laureato, explaining the small, 45-piece run. Initial thoughts Named Ghost because of its singular colour palette, the watch is attractive in its simplicity. BWD’s house style is often characterised by an all-black finish, making the all-white Laureato Ghos...

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Time+Tide

Linde Werdelin Nov 22, 2020

The full story behind the Electric Feels of the Linde Werdelin Oktopus Blue Sea, a late-night disco diver for the wrist

Despite my Nordic roots and name, it’s beginning to occur to me that I’m not cool enough for the new Linde Werdelin. The Swiss-Danish watchmaker is well known for their decidedly strong design language. Increasingly, they’re nearly as well known for their stoic refusal to be deterred from banking all on it. Today, it’s the … ContinuedThe post The full story behind the Electric Feels of the Linde Werdelin Oktopus Blue Sea, a late-night disco diver for the wrist appeared first on Time+Tide Watches.

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SJX Watches

Casio nally works Nov 22, 2020

Artur Akmaev Introduces the Battle City

Both an engraver and self-taught watchmaker, Artur Akmaev was born in Moscow but has called Los Angeles home since 2017. He specialises in highly decorative, but also affordable, skeleton watches, each a one-off and often customised to the client’s specific requests. And he occasionally works with other watchmakers – Mr Akmaev was responsible for the movement engraving on the Infinity Series made by fellow California watchmaker Joshua Shapiro. Many of Mr Akmaev’s creations are inspired by pop culture – both Batman and The Avengers can be found on the dials of his earlier creations – and his latest wristwatch draws on 1980s video game Battle City, where the player has to destroy enemy tanks on a grid-like arena. Designed by Mr Akmaev’s sister, Dinara, an artist specialising in jewellery design, the Battle City watch is hand-engraved and enamelled, both on the dial as well as the movement. Initial thoughts The versatility of Mr Akmaev’s skill is surprising – he can transform any idea into decoration for a watch. Admittedly, not all have the same appeal. Some look a bit much for a watch dial, but others, like the new Battle City, work surprisingly well. The scale of the decoration of Battle City suits a watch dial perfectly, while its various elements like tanks and brick surface are ideal for engraving and enamelling. In fact, the three-dimensionality of the Battle City dial is surprising, given that the dial has to fit in in the 1.5 mm space between the mov...

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Jaeger-LeCoultre Introduces Nov 20, 2020

Jaeger-LeCoultre Introduces the Master Ultra Thin Tourbillon Moon

Combining an unusual variety of complications that nevertheless go well aesthetically, the Master Ultra Thin Tourbillon Moon is the latest tourbillon wristwatch from Jaeger-LeCoultre, which has made something of a speciality in iterating its tourbillon movements with various additional complications. Powered by the newly-developed cal. 983, the new watch features a moon phase, pointer date, and tourbillon regulator. And its case is made of Le Grand rose gold, a fade-resistant gold alloy unveiled only earlier in the year. Initial thoughts The Master Ultra Thin Tourbillon Moon is a handsome watch executed in the typical Jaeger-LeCoultre style. The design is classical, with a handful of details that refine the look, including the applied hour markers and metal-deposition moon phase scale. And the movement is decorated well, though largely by mechanical methods, and the result is visually appealing. But it is a bit large at 41.5 mm in diameter, and also thick at 12.1 mm high – giving it dimensions similar to a sports chronograph. The cal. 983 in the Master Ultra Thin Tourbillon Moon And the retail price of US$88,500 is high. Jaeger-LeCoultre’s strength is haute horlogerie in the middle of the price segment – though it’s been drifting upwards – alongside brands like Ulysse Nardin and H. Moser & Cie. But both those brands recently launched tourbillons of comparable quality – the Blast and Endeavour Cylindrical Tourbillon respectively – that cost less. Master To...

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Revolution

Bremont Hawking Bremont pays tribute Nov 18, 2020

Paying Tribute to One of the Greats with the Bremont Hawking

Bremont pays tribute to the brilliant late, Professor Hawking with four timepieces made as part of the Bremont Hawking collection of watches

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Q Quill & Pad

Quill & Pad

Nov 17, 2020

On The Importance Of Antoine Simonin And His Special Jury Prize At The 2020 Grand Prix d’Horlogerie de Genève By Dr. Rebecca Struthers

Of all the winners from the 2020 Grand Prix d’Horlogerie de Genève, this was the one that really made Dr. Rebecca Struthers smile! Among all the glamour of the watch industry, it’s easy to forget the importance of education; here she reminds us why that – and Antoine Simonin – are important to the wellbeing of our ticking microcosm.

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T Time+Tide

Time+Tide

Nov 17, 2020

The only thing I want buzzing on my wrist is a Memovox. Why I’ll never wear an Apple Watch…

You don’t need the statistics to tell you that Apple Watches sell more than the rest of the Swiss watch industry combined. You need only to glance at people’s wrists.  You can’t miss those sleek square slabs. They’re everywhere. Worn by every age group, in every profession. I’ve been told they’re particularly popular among undertakers, … ContinuedThe post The only thing I want buzzing on my wrist is a Memovox. Why I’ll never wear an Apple Watch… appeared first on Time+Tide Watches.

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Time+Tide

Jaeger-LeCoultre Melbourne boutique right now Nov 15, 2020

3 watches you can get from the brand new Jaeger-LeCoultre Melbourne boutique right now

The lockdown in Melbourne has made us miss a lot of things. An avocado-heavy brunch with friends. A cocktail at Eau-de-Vie. And also the opening of the brand new Jaeger-LeCoultre Melbourne boutique. You heard me correctly, Jaeger-LeCoultre has a new home in Melbourne at the Paris end of Collins Street, right next to its Richemont … ContinuedThe post 3 watches you can get from the brand new Jaeger-LeCoultre Melbourne boutique right now appeared first on Time+Tide Watches.

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Time+Tide

Nov 15, 2020

EDITOR’S PICK: We covered rockstars last week, but let’s revisit rappers…

We recently published a trilogy of stories as part of our Rockstars Rocking Vintage series and it got us thinking … but what about rappers? Fortunately, back in March, James Robinson covered the wristwear of two of the biggest superstars in the game. Both known for killer timepieces, it only made sense we explored Drake … ContinuedThe post EDITOR’S PICK: We covered rockstars last week, but let’s revisit rappers… appeared first on Time+Tide Watches.

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Ulysse Nardin Introduces Nov 14, 2020

Ulysse Nardin Introduces the Freak X Qatar Watch Club

Created for a group of watch enthusiasts in Gulf nation, the Freak X Qatar Watch Club is a variant of the brand’s well-priced, entry-level Freak. Conceived by Ulysse Nardin, its local retailer Ali Bin Ali, and members of the club, the new Freak X is a limited edition of just 10 watches. It’s the third timepiece made for Qatar Watch Club (QWC), following on last year’s Tudor Pelagos. Dressed almost entirely in black, the QWC edition has its hour markers in dark green, a colour historically associated with the Middle East. Initial thoughts Essentially a simpler version of the original Freak, the Freak X manages to retain a good deal of the features that made the original unique, while dialling back on the complexity to make it more affordable. A value proposition in all its iterations, the Freak X remains equally compelling as the QWC edition, although it is only available to members of QWC. The affordable Freak Highly regarded by the club’s members, the Freak X an unsurprising choice for QWC’s third collaboration. “Ulysse Nardin creations always fascinated us since the beginning,” says Jassim Al Sayed, the chairman of QWC, “We’re honoured to be able to collaborate with the brand for a very special edition of Freak X.” Clad in a restrained colour palette, Freak X QWC has a titanium case coated in black diamond-like carbon (DLC), with dark green hour markers as well as a subtle green ring on the wheel that drives the time-display carrousel. The Freak...

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Piaget  Altiplano Ultimate Concept Nov 13, 2020

Highlights: Winners at 2020 Grand Prix d’Horlogerie de Genève

Having just taken place in Geneva and broadcast live, the 2020 Grand Prix d’Horlogerie de Genève (GPHG) ceremony anointed most of the year’s best watches. Whittled down from a large selection to candidates that were evaluated by an all-Swiss jury instead of the usual cosmopolitan mix due to travel restrictions, eighteen watches (and one watchmaker) received prizes. A handful of them are worth a look as worthy winners – albeit winning by default in some of the less competitive categories – as well as a notable watch that did not win but should have. Awarded to the best watch of the contest, the Aiguille d’Or Grand Prix, went to the Piaget Altiplano Ultimate Concept. The thinnest mechanical watch on the market, the Altiplano Ultimate Concept (AUC) is the culmination of all the progress in ultra-thin watchmaking over the last several decades. At an unreal 2 mm high, the AUC pushes engineering to the cutting edge, albeit at an extremely high price. While there were other watches in the competition that could reasonably be candidates for the Aiguille d’Or, the AUC has earned it. The Piaget AUC Complications and revelations Another prestigious award is the Horological Revelation Prize, which is awarded at the discretion of the jury to watch made by a nascent brand. It went to the Petermann Bédat 1967, unquestionably one of the highlights of independent watchmaking this year. Well deserving of the prize, the 1967 is simply marvellous (we explain why here). Thoug...

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SJX Watches

Hermes font was created Nov 12, 2020

Hermès Introduces the Slim d’Hermès Quantième Perpétuel in Titanium

Originally introduced in pricier precious metals – in gold and also platinum – the Slim d’Hermès Quantième Perpétuel has been given a makeover that renders it more affordable, and arguably more striking. And like last year’s time-only Slim d’Hermès, the key feature is a titanium case. The new perpetual calendar features a twin-metal case made up of a titanium middle along with the bezel, crown, and pushers in either rose gold or platinum. That, combined with the two-tone grey dial, gives it a modern look that goes well with the Slim d’Hermès font that was designed specifically for the model. The Slim d’Hermes font was created by graphic designer Philippe Apeloig to go with the eponymous watch Initial thoughts Hermes’ house style is always elegant, often quirky, and usually distinctive. Already the Slim d’Hermes design is slim and wears well, and probably slightly better in this iteration since the use of titanium would reduce reduce its weight. A simple design characterised by clean lines, the Slim d’Hermes is recognisable in all its iterations thanks to its smart details, like the angled lugs and custom typography. Though the layout of the perpetual calendar is fairly conventional – everything is arranged into four sub-dials – it manages to be slightly unusual thanks to the seemingly random armament of numerals for the second time zone at six, a minor, offbeat detail that is in keeping with the brand’s style. The titanium-and-platinum versi...

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Q Quill & Pad

Quill & Pad

Nov 10, 2020

Our Predictions In The Challenge Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Very Interesting Finalists With (Relatively) Affordable Pricing

Watches entered into the Challenge category are offered for a retail price under 4,000 Swiss francs. This is perhaps the most popular category as it's for watches that more people can afford, and the competition is tough. Which explains why our panel of five has three different picks for the winner.

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Q Quill & Pad

Quill & Pad

Nov 9, 2020

Our Predictions In The Petite Aiguille Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Comic Figures, Legibility Issues, Skeletonization, And An In-House Monopusher

The GPHG Petite Aiguille category is for watches with a retail price between 4,000 and 10,000 Swiss francs. This is a category that stands closer to the general public as it comprises watches that are far more affordable than the other categories except the Challenge category (under 4,000 Swiss francs).

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SJX Watches

MB&F; Nov 9, 2020

MB&F; Introduces the HM3 Frog X

Launched in 2010, the bug-eyed HM3 Frog was perhaps the quintessential MB&F; wristwatch during its five-year run, having been discontinued in 2015. Now it’s making a brief return for its 10th anniversary as the limited-edition HM3 Frog X – with a case made entirely of sapphire crystal. Originally launched as the slightly robotic-looking Horological Machine No. 3 (HM3), the model evolved into the more organic Frog, which gained a pair of sapphire domes that made its instantly distinctive. Now MB&F; has taken the idea even further: inspired by frogs with transparent skin according to MB&F;, the HM3 Frog X is entirely clear and whimsically colourful in three different shades. Initial thoughts Changing the case material gives the Frog X a whole new look, which is surprising, since the design is exceptionally idiosyncratic. In fact, the sapphire Frog resembles a grand piano. The crystal case also gives the watch a more cohesive, organic flavour, avoiding the visual breaks between different materials like crystal and metal alloy. And the sapphire Frog also seems more pared back, at least in photos, than the most sapphire-case watches that tend to be flashy. And having the same shape and size, the Frog X shares a crucial quality with the earlier versions of the HM3: good wearability despite the avant-garde design. Because the case is neither excessive long nor wide, and has tiny lugs, it sits well on the wrist despite its seemingly large size. This ease of wear is doubtlessly ...

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SJX Watches

Nov 9, 2020

The Last Cabinotier of Saint Gervais

Few tourists find themselves in Geneva’s historic Saint Gervais district, the city’s revolutionary hotbed where Jean-Jacques Rousseau spent his boyhood in the early 18th century, and from where James Fazy overthrew Geneva’s ruling oligarchy in the revolt of 1846. Throughout those times, Saint Gervais was above all the city’s horological powerhouse, a warren of sweatshops known as the Fabrique Genevoise, turning out the myriad parts and decorating the watches that made Geneva synonymous with luxury craftsmanship. The workshops were presided over by those emblematic figures of Geneva watchmaking, the radical, opinionated yet urbane cabinotiers. “A Parisian watchmaker,” remarked Rousseau, “can only talk about watches. But you can take a Geneva watchmaker anywhere.”[1] With the revival of luxury watchmaking in the late 20th century, the Fabrique was re-born in the less picturesque ZIPLO (Zone Industriel de Plan-les-Ouates) on the outskirts of town, and the sweatshops are now known as manufactures. Yet there’s still one watchmaker left in the remnants of old Saint Gervais, upholding the cabinotier tradition in this historic centre of Geneva watchmaking. Bruno Pesenti, the last watchmaker in Geneva’s historical watchmaking district, wears the smock and eyeshade of the cabinotiers who made watches here 200 years ago Forgotten brands Bruno Pesenti is one of the few watchmakers who can still fix anything pre-quartz. He welcomes you with modest pride and old-fash...

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Hodinkee

Audemars Piguet Nov 8, 2020

Sunday Rewind: A Unique Platinum Audemars Piguet Minute Repeater

The only post-war platinum minute repeater ever made by AP with a bracelet.

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SJX Watches

Nov 8, 2020

Breaking News: Philippe Dufour Simplicity 20th Anniversary Sells for US$1.51m

The very first Philippe Dufour Simplicity 20th Anniversary to leave Mr Dufour’s workshop was the first major example of independent watchmaking at Phillips’ Retrospective: 2000-2020 auction. It set a very high bar, hammering for 1.1 million Swiss francs, or 1.36 million francs including fees, which is equivalent to US$1.51 million. Almost forty times the retail price of the Simplicity when it was launched in 2000, the price is a new record for the model. The result handily crosses an earlier record set just a month ago at Sotheby’s in Hong Kong, where an 34 mm example from the original production run sold for US$662,000. The Simplicity 20th Anniversary features a hinged hunter back, a feature not found in the original series Impressive as it is, the record price was reached swiftly. Although the estimate was 200,000-400,000 francs, a bidder on the phone represented by Tiffany To of Phillips opened with a 450,000 franc bid. The phone bidder was joined by a handful of fellow phone as well as in-room bidders – Mr Bacs commented during the proceedings there were seven phone lines active – along with a solo bid online from Singapore. The price rose quickly in 50,000 and 100,000 franc steps, with Ms To’s phone bidder clinching the prize. The seven-figure price for the Simplicity elevates Mr Dufour to the rarefied territory of living independent watchmakers whose wristwatches have sold for above US$1m at auction. There are just two watchmakers who can make that clai...

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T Time+Tide

Time+Tide

Nov 8, 2020

The ‘Happiness Watch’ by Tikker uses a US Government algorithm to tell you when you’ll die. Worst name ever :(

Editor’s note: 202o, in one way or another, has made us all realise that life is not guaranteed, or going to go forever, and now there’s a way to remind yourself daily. While seemingly a grim proposition, the Tikker watch uses a “death calculation” based on an algorithm for life expectancy that’s used by the … ContinuedThe post The ‘Happiness Watch’ by Tikker uses a US Government algorithm to tell you when you’ll die. Worst name ever :( appeared first on Time+Tide Watches.

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Cartier Nov 7, 2020

Business News: Richemont Six-Month Watch Sales Plunge 38%

Richemont just reported its sales for the first half of the financial year – the six months to end September 2020 – and most of the numbers are in the red. The Swiss luxury group that owns Cartier and IWC saw sales fall 26% year on year, though the quarterly numbers show a gradual recovery. Sales were down by 47% in the first quarter but recovered enough to dip just 6% in the second quarter, owing to a gradual reopening of the economy. This no doubt inspired optimism amongst investors, who sent the group’s share price up almost 9% by the close of trading. Optimism notwithstanding, the declines extended to all performance metrics. Operating margin fell sharply to just 8.3%, almost half that for the same period in 2019. The falls in sales and margins collectively led to stark, 82% fall in operating profit. Net profit cratered, going from €869m in the first half of 2019 to just €159m. Beyond the negative numbers, the report was also notable for what it did not include. With rumours swirling about changes to Richemont management at the very top level – particularly about the tenure of chief executive Jerome Lambert – it was widely speculated the results announcement would include personnel changes, but nothing was forthcoming. Woe for watches and everywhere but Asia The global pandemic meant a global fall in sales, but with drops varying from region to region. As expected, Asia Pacific performed the best, with sales falling just 4%. Negative growth in the fir...

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Audemars Piguet perpetual calendar Nov 6, 2020

Highlights: Phillips Geneva Watch Auction XII

Taking place over two days – Friday, November 6 and Saturday, November 7 – The Geneva Watch Auction: XII at Phillips is the first sale of the fall auction season. A compact sale of under 180 lots, the auction comprises a diverse line up, ranging from the obviously notable – like a Cartier Crash in platinum and a unique Patek Philippe ref. 5020P – to the obscure but extremely interesting, like the postwar A. Lange & Söhne wristwatch made after the company had been nationalised by the Soviets, as well as a vintage Audemars Piguet perpetual calendar with a paradoxical brand-new but factory-original case. Here’s a look at handful of standouts from the sale. You’ll find the full catalogue, as well as online bidding, right here. Lot 31 – Patek Philippe Annual Calendar Regulator ref. 5235G Unlike many of the other watches in the auction, the ref. 5235G is neither rare nor complicated, or even especially valuable. But it is an under-appreciated gem in Patek Philippe’s line up. Lightly designed and full of unusual details – ranging from the brushed dial finish to the engraved logo at three – the ref. 5235 also boasts a distinctively-designed movement unique to this reference and found in no other model. This example of the ref. 5235 is in white gold, which was discontinued last year and replaced by the same in rose gold with a black dial. While the new version is far more striking, the almost monochromatic white gold version is deeply appealing in its simplici...

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