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

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Patek Philippe Ref. 2523 World Time Becomes Most Expensive Watch Sold in Asia SJX Watches
Patek Philippe Ref 2523 World Time Nov 25, 2019

Patek Philippe Ref. 2523 World Time Becomes Most Expensive Watch Sold in Asia

Just two weeks after the Patek Philippe Grandmaster Chime in steel set the record for the most expensive watch ever when it sold for US$31m at Christie’s in Geneva, the auctioneer clinched the title of most expensive watch sold in Asia, toppling the former record holder. It sold a Patek Philippe ref. 2523 double-crown world time wristwatch – with a blue enamel dial signed by Milan retailer Gobbi – for HK$70.175m including fees, equivalent to US$8.97m. The result yields a tidy profit for the seller, a noted Asian collector who purchased the watch in 2010 at Christie’s in Geneva for 2.675m Swiss francs. One of two known with a blue enamel dial and extremely crisp, the ref. 2523 was offered for sale in an unusual manner. Though it was part of the Hong Kong watch auction, the watch was instead offered as the first lot during the 20th century and contemporary art sale a few days before, presumably to appeal to buyers who regularly spend much larger sums on art. The watch was extensively documented by Christie’s in its catalogues, both online and offline, though it did not do the typical presale marketing tour around the region due to its insured value. The presale estimate of HK$55m-110m, or about US$7m-14m, made the ref. 2523 the most expensive lot to be ever offered at a watch auction – leading to some mutterings that the watch might not sell – so anticipation was high when the sale started at 5:30pm, especially since ultra high-value vintage watches are usual...

Ressence Introduces the Type 1DXB Dubai Edition SJX Watches
Ressence Introduces Nov 22, 2019

Ressence Introduces the Type 1DXB Dubai Edition

Created for Ahmed Seddiqi & Sons, the largest watch retailer in the Middle East, to mark Dubai Watch Week 2019, the Type 1DXB is an unusual twist on the typically minimalist Ressence design. Though the watch retains the brand’s signature orbital disc time display, the dial has been skeletonised in a geometric motif inspired by traditional patterns found in Arabic and Islamic culture. Unlike most watches made for the Middle East that sport Eastern Arabic numerals, this is is literally an Arabic dial. The dial is sand-coloured and finishes with a matte, granular surface, matched with white Super-Luminova. Visible through the dial are the gears that drive the unusual time display, all contained within a proprietary Ressence module sitting on top of an ETA 2892 base moment. The 41mm case is square in form, identical to that of the Type 1 Squared. But it is made of titanium, instead of steel as is standard for the Type 1 Squared. And as is standard for Ressence, time setting and winding is done via the case back, hence the lack of a crown. The Type 1DXB is limited to 19 watches, available only at Ahmed Seddiqi & Sons. Key facts and price Type 1DXB Case diameter: 41mm Height: 11mm Material: Titanium Water resistance: 10m Movement: ROCS 1 (base ETA 2892) Functions: Hours, minutes, seconds, day of the week Frequency: 28,800 (4Hz) Winding: Automatic Power reserve: 36 hours Strap: Calfskin with titanium buckle Limited edition: 19 pieces Availability: Only at Ahmed Sedd...

IN-DEPTH: The TAG Heuer Carrera Calibre 16 blue dial Time+Tide
TAG Heuer Carrera Calibre 16 blue Nov 20, 2019

IN-DEPTH: The TAG Heuer Carrera Calibre 16 blue dial

The story in a second: The TAG Heuer Carrera Calibre 16 blue dial is a familiar face, which has been sleekly refined. If you know TAG Heuer, you’ll know the Carrera chronograph, a wristwatch that has been trackside at motorsport events for decades, offering those behind the wheel a functional timing tool. While some of … ContinuedThe post IN-DEPTH: The TAG Heuer Carrera Calibre 16 blue dial appeared first on Time+Tide Watches.

Business News: Swiss Watch Exports to Hong Kong Plunge 30% in October SJX Watches
Nov 19, 2019

Business News: Swiss Watch Exports to Hong Kong Plunge 30% in October

The latest figures from trade body Federation of the Swiss Watch Industry (FH) show a massive fall in Swiss watch exports to Hong Kong, a statistic that is proxy for sales of luxury watches. According to the FH numbers for the month of October 2019, exports to Hong Kong fell 29.7% to 191.3m Swiss francs. This comes after a more measured, 4.6% drop in September. Exports to Hong Hong have now fallen below those to China, which rose 10.8% to 218.4m francs. Enjoying a 11.2% rise to 227.5m francs is the United States, which was the largest market for Swiss watches in October. For the year to date, Hong Kong remains the world’s largest market for Swiss watches, though the gap between it and the second-placed United States is falling. Hong Kong imported 2.26 billion francs of Swiss watches in the year to date – a fall of 8.8% compared to the same period las year – compared to 1.97 billion francs for the United States. Pedder Street in Hong Kong’s Central business district, ordinarily a shopping paradise. Photo – Hong Kong Tourism Board The drop in watch exports to the city confirm industry talk that the luxury goods has been hard hit by the six months of protests that have roiled Hong Kong. Shops located in the worst affected areas can only stay open for a fraction of a business day, or not at all on some days. Several executives from both watch brands and retailers in the territory have cited consecutive, month-on-month drops in store sales that reach into the double d...

8 incredible vintage watches from Vacheron Constantin Les Collectionneurs Time+Tide
Vacheron Constantin Les Collectionneurs I have Nov 16, 2019

8 incredible vintage watches from Vacheron Constantin Les Collectionneurs

I have always found it strange that the majority of watch brands, who rely so heavily on their long history to market their watches, also make it very difficult for collectors to access any information on vintage pieces from that same brand. Admittedly, there are several brands that are able to provide interested owners with … ContinuedThe post 8 incredible vintage watches from Vacheron Constantin Les Collectionneurs appeared first on Time+Tide Watches.

Highlights: Christie’s Hong Kong Watch Auction Fall 2019 SJX Watches
Audemars Piguet Jules Audemars Equation Nov 15, 2019

Highlights: Christie’s Hong Kong Watch Auction Fall 2019

After a record-setting auction weekend in Geneva, the action moves to Hong Kong in the last week of November. Chatter about the Hong Kong auctions this year are dominated by one watch, the Patek Philippe ref. 2523 twin-crown world time in pink gold with a blue enamel dial, because it carries the highest pre-sale estimate in watch auction history of 55m-110m Hong Kong dollars, or about US$7m-14m. Instead of being sold along with the rest of the watches on November 27, it will be the opening lot in the evening sale of 20th century and contemporary art on November 23. With the top lot in the evening sale – Five Nudes by Sanyu – having an estimate of HK$250m-550m dollars, or about US$32m-70m, the twin-crown world time hardly looks out of place. The Audemars Piguet Jules Audemars Equation of Time But the ref. 2523 aside, the rest of the Christie’s sale is made up of 239 more affordable timepieces, including an ultra-rare Patek Philippe ref. 3651 chronograph and a value-buy Audemars Piguet Jules Audemars Equation of Time in platinum. Here’s a look at highlights from the sale. And the full catalogue can be found here. Lot 2298 – Patek Philippe Nautilus ref. 3800/108G in white gold, with diamonds and emeralds  This is shameless 1990s bling – a Nautilus ref. 3800/108G. The suffix means it’s 18k white gold, fully set with brilliant-cut diamonds and having 11 baguette-cut emeralds for the hour markers. The watch feels weighty in the hand, though the case is compact. An...