That Abraham-Louis Breguet sold just 35 tourbillon watches in his lifetime gives some idea of the extreme complexity of this mechanism. Introduced in 2013 and returning this year as a skeletonised version, the Classique Tourbillon Extra-Thin Automatic 5377 celebrates this legacy.
Last year Richemont announced its acquisition of Watchfinder.com, sealing its entry into the pre-owned market. More recently, the multi-brand Bucherer store in Geneva opened a fourth-floor Gallery dedicated to the buying and selling of vintage watches. And Antoine de Macedo in Paris? He has been buying, selling and servicing high-end pre-owned watches for 33 years.
If people didn't buy counterfeits, there would be no counterfeits. Communication, information and individual responsibility are the ways to put an end to an industry we have too often indulged or whose implications we have simply failed to measure.
An artwork that constantly gives the time while transporting viewers in place through an extraordinary collage of film clips: "The Clock" won its creator, Christian Marclay, the Golden Lion for best artist at the 54th Venice Biennale.
Both came from the legendary collection of the American auto manufacturer James Ward Packard, and were recently rediscovered after spending sixty years in a bank vault. They were part of Christie's sale of Important Watches on June 15th in New York.
Attendees at the Financial Times Business of Luxury Summit in Lausanne, June 5th to 7th, debated the theme, On the Counterfeiting Battlefield. They concluded that only a battle on all fronts, including educating consumers, would bring tangible results.
The Fondation de la Haute Horlogerie joins World Anti-Counterfeiting Day on June 8th and continues its fight against fakes. Since 2009, the Fondation de la Haute Horlogerie (FHH) has campaigned to show the true face of counterfeiting, and raise public awareness that trade in counterfeit products thrives only when aided and abetted by people who knowingly buy fakes.
On May 18th, Christie's realised CHF 69 million (US$ 78.1 million) at its Geneva Magnificent Jewels sale, chasing the CHF 79 million (US$ 89.5 million) which Sotheby's had garnered the previous day for its sale of Magnificent Jewels and Noble Jewels.