We’ve warned you against the possibility of buying counterfeit Rolex watches. They’re very, very good. OK, maybe not the sample above, but fakes are out there and they can fool the unwary. If U.S. Customs and Border Protection caught even a tenth of the total trade, they’d be more than satisfied. But they don’t. Here’s a press release on today’s haul . . .
“They hoard their most desirable watches for their own boutiques, force less popular pieces on their partners and price them in such a way that the only way to shift them is out of the back door on the grey market.” That’s watchpro.com‘s Rob Corder’s take on the war between watchmakers and retailers. No question: the watch industry is in turmoil. And not just at the sharp end. LVMH is bailing on their deal to buy Tiffany & Co. . . .
A Rolex Military Submariner (MilSub) just sold for £174,800 ($228,742) at Fellows Auctioneers. The stainless steel timepiece broke Fellows Auctioneers’ house records. It’s officially the most expensive watch they’ve sold in the company’s 144-year history . . .
Rolex shortage? Yeah, there’s a Rolex shortage. Authorized dealers around the country, around the world, are welcoming COVID-19 weary/wary customers with empty showcases. While the Rolex factory is back online – albeit cranking-out fewer timepieces than before (thank you social distancing) – the question remains: will the Rolex shortage ease? If so, when? Let’s ask an expert . . .
Caprice Bouret is a big deal in the U.K. Famous for her physical charms, the 47-year-old American-born model has built quite an empire in The Land of Hope and Glory. As you’d expect, Caprice owns some pricey jewelry and watches. Apparently, she’s smart enough to lock them away. Her houseguests, not so much. mirror.co.uk reports that thieves invaded her holiday home on the island of Ibiza . . .