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“As yet more proof of this insane situation, Antiquorum has just auctioned a Green Nautilus 5711, reaching a price of EUR 320,000 (before fees).” monochrome-watches.com reckons the fact that a Patek Philippe Nautilus Green Dial sold for $378k represents a trend that’s “killing the market.” A situation that restricts sales to “flippers and so-called investors with zero interest in what this watch actually represents in terms of watchmaking and history.” Nonsense . . .
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“If you catch a con-artist in the act, should you involve the police?” timeandtidewatches.com asks. They pose the question in response to the “controversy” surrounding Gautaman Senivasan, a Singapore watch collector claiming to be the almost victim of a watch swap scam. I repeat, claiming. How do we know Mr. Senivasen was an almost victim if he didn’t report the incident to the police? As a Rhode Islander, my default reaction to any news news story is yeah right. What’s the real story? Especially when I read something like this . . .
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“Looks only a mother – or world champion boxer – could love,” dmarge.com writes re: the modded Rolex above. Sorry, wrote. The Australian blog sent the post down the memory hole, leaving only the image, the intro and the headline (Floyd Mayweather Would Love It’: New York Jeweller [sic] Creates World’s Ugliest Rolex.) One has to assume . . .
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The Richemont Group owns nearly two dozen watch brands, including IWC, A. Lange & Söhne, Cartier, Piaget and Vacheron Constantin. Days ahead of their FY21 Annual Results, the conglomerate revealed its plan to open 100 Richemont TimeVallée multibrand watch stores in the next five years. Or did they? watchpro.com’s headline exclusive on the story has gone 404. It’s been pulled, no doubt at Richemont’s behest. What the hell’s going on? . . . [UPDATE: the WP article’s reappeared online.]
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“Longines CEO Matthias Breschan says Swatch Group brands will not return to vast global trade shares like Baselworld or Watches and Wonders,” watchpro.com reports. Shares or fairs, no matter how you slice it, Mr. Breschan’s announcement will send shock waves throughout the entire watch industry. The Swatch Group owns 18 watch brands, from upmarket Harry Winston to mass market Swatch. Their decision to ditch the big shows . . .
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