“Why do people pay the enormous price premiums for luxury brands?” consultant Daniel Langer asks at scmp.com. “Most people perceive luxury as mainly bought to signal power. But what if this answer is too simple? What if there are other hidden reasons?” Like an appreciation for luxury watches’ design, construction and heritage? Mr. Langer has other ideas . . .
“As countries around the world contend with the health emergency, the economic effects of suspending almost all activity have inevitably impacted the Swiss watch industry,” Monochrome.com reports, “and will continue to do so for months to come.” The latter part of that statement – predicting a “challenging” future for Swiss watch exports – reflects the industry’s growing realization that Coronageddon is a lot more than a flesh wound. The May numbers tell the tale . . .
“Maurice Fayne has been arrested and charged with federal bank fraud after misusing funds from a Paycheck Protection Program loan,” cnn.com reports. That would be one Arkansas Mo, “star” of VH1’s 151-episode “reality” show Love & Hip Hop: Atlanta. Here’s how Mr. Mo flamed out . . .
The Patek Philippe Calatrava Pilot Travel Time is a product of an extremely conservative segment in an extremely conservative industry. Patek Philippe, Audemars Piguet, Vacheron, Jaeger-leCoultre, Piaget, IWC – luxury Swiss and German watches survived the quartz crisis by surviving. By not changing . . .