A piece of genuinely good economic news arrived on Friday: payrolls rose by 2.5m, and unemployment fell. The economic recovery may be beginning and it may be V-shaped. Maybe. Naturally, we asked ourselves “were we wrong to proclaim ‘Rolex prices drop'”? I mean, has the drop stopped? Bob’s Watches CEO Paul Altieri has some relevant intel . . .
Continue reading “Coronavirus Watch 24: Rolex Prices Drop 20 – 30%”
Our Sunday watch news roundup starts with Rolex’s lawsuit against laCalifornienne. Rolex was none-too-happy with the Rolex modder’s modifications. watchpro.com reports that Rolex won their suit against the husband-and-wife owners for trademark violation. Will Rolex take on the other modders, such as Wildman, Blaken and Mad Paris? Rolex’s victory may also have implications for . . .
Continue reading “Watch News 6/7/2020 – Rolex Mauls Modder!”
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 . . .
Watch Industry Braces For Historic Downturn HoDinkee proclaims. That’s like saying a car crash victim lying by the side of the road is bracing for impact. Dude, the downturn is here. Last month, Swiss watch exports fell by a staggering 81 percent. There’s no sign of a “revenge shopping” recovery. The real economy is in the tank. Ho’ writer Joe Thompson offers us a piercing glimpse into the obvious, then shares the following eye-opening prediction . . .
Continue reading “Coronavirus Watch 22: Which Watch Industry Brands Will Die?”
“Baselworld organizers are cancelling next year’s show,” wwd.com reports, “and have settled with departing labels, closing a fraught chapter in the Swiss watch event’s history.” As we predicted, as anyone with an ounce of common sense predicted, Baselworld is dead. Or is it? . . .