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583 articles · 103 videos found · page 13 of 23

Steve McQueen’s Monaco, Paul Newman’s (other) Daytona – will this auction deliver the next record watch sale? Time+Tide
Dec 9, 2020

Steve McQueen’s Monaco, Paul Newman’s (other) Daytona – will this auction deliver the next record watch sale?

Have you ever wondered what racing cars and auction rooms have in common? In a 2006 publication, neurosurgeon Dr Eric Watkins published evidence that a Formula 1 driver can experience a pulse in the neighbourhood of 200 beats per minute during a race. According to the US Centre for Disease Control, this heart rate approaches, … ContinuedThe post Steve McQueen’s Monaco, Paul Newman’s (other) Daytona – will this auction deliver the next record watch sale? appeared first on Time+Tide Watches.

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale SJX Watches
Panerai which make up about May 19, 2020

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale

Having just announced its full-year results while predicting a gloomy outlook for the business, Richemont has successful placed €2 billion of bonds, with coupon ranging from 0.75% for the 8-year note to 1.625% for the 20-year note. The bond placement boosts the Swiss luxury group’s robust balance sheet, which had a gross cash position of €6.34 billion and a net cash position of €2.40 billion at the end of March 31, 2020. The notes received an A+ rating from credit ratings agency S&P;, which also lowered its outlook for Richemont from stable to negative, “citing the possibility of a downgrade if the coronavirus pandemic causes the company’s credit metrics to worsen”. Widely regarded as a savvy investor who transformed his family’s tobaccco-and-banking empire into an even larger one focused the “hard” luxury of watches and jewellery, Mr Rupert’s belief in the severity of the pandemic-induced recession is obvious. That, in turn, does not bode well for the luxury watch business. Richemont’s biggest earner is Cartier – the jewellery division is half the group’s turnover – it also owns a host of luxury watch brands, including A. Lange & Söhne, IWC, and Panerai, which make up about 20% of its sales. During Richemont’s earning conference call on May 15, Mr Rupert explained the bond issue: “We have always believed in protecting our balance sheet… For years, a lot of investment banks questioned us about that it’s a lazy balance sheet. But h...

This curiously affordable gold Universal Genève owned by Elvis Presley is up for sale (again) Time+Tide
Universal Genève Apr 11, 2020

This curiously affordable gold Universal Genève owned by Elvis Presley is up for sale (again)

You may have heard the news that Tom Hanks and his wife Rita Wilson contracted coronavirus while filming the untitled Elvis Presley biopic in Australia; they are both reportedly recovering well, but Elvis fanatics will be champing at the bit for the production to ramp back up. It, like life as we know it, has … ContinuedThe post This curiously affordable gold Universal Genève owned by Elvis Presley is up for sale (again) appeared first on Time+Tide Watches.

Remember when that guy bought a broken Rolex-made Panerai at a car boot sale for £10? Time+Tide
Panerai Jun 12, 2019

Remember when that guy bought a broken Rolex-made Panerai at a car boot sale for £10?

Editor’s pick: Whenever I pop into an op shop (or thrift store for our American readers), I always make sure to have a look at the watches, JUST IN CASE. Because you never know, you might just have the level of luck of this guy who, in 2016, picked up a Panerai that turned out … ContinuedThe post Remember when that guy bought a broken Rolex-made Panerai at a car boot sale for £10? appeared first on Time+Tide Watches.

The Longines Legend Diver Black is now available for pre-sale in our shop – with a sweetener Time+Tide
Longines Legend Diver Black May 3, 2019

The Longines Legend Diver Black is now available for pre-sale in our shop – with a sweetener

The Longines Legend Diver Black is available for pre-sale in our shop now! As Australians, and as AC/DC fans, it gives us great pleasure to announce that the Longines Legend Diver is back in black, and the first 25 pieces to be released in Australia are available for pre-sale right now in our shop for … ContinuedThe post The Longines Legend Diver Black is now available for pre-sale in our shop – with a sweetener appeared first on Time+Tide Watches.

RECOMMENDED READING: Patek Philippe may soon be up for sale Time+Tide
Patek Philippe may soon be up Jan 21, 2019

RECOMMENDED READING: Patek Philippe may soon be up for sale

Gossip is one of the staples of SIHH and, as far as gossip goes, it doesn’t get much juicier than this. Bloomberg are reporting that Patek Philippe - one of the last great independently held watchmakers - may be considering a sale. Based on a note by analysts Berenberg, there’s industry talk of a sale, which would … ContinuedThe post RECOMMENDED READING: Patek Philippe may soon be up for sale appeared first on Time+Tide Watches.