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.
FHH Academy at the Fondation de la Haute Horlogerie is the only organisation in the watch industry to deliver training that leads to industry-recognised certification. Initially targeting sales staff, it now also addresses the general public through digital tools.
The auction house will doubtless live up to its reputation for record watch sales this May 16th. The lots on the block include enamel pocket watches and a few "stars" from Rolex, Longines and, of course, Patek Philippe.
With eight sales of timepieces totalling USD 91.2 million in Geneva, Hong Kong, New York and Dubai, 2010 was a record year for Christie's.
In an article published in Swiss daily Le Temps, Pierre-Yves Donzé, a research fellow at Osaka University, demonstrates that the 1975-1985 crisis in the watch industry had nothing to do with the advent of Japanese quartz watches. Rather, since the end of the war, Switzerland had been "resting on its laurels."
After setting up Antiquorum 36 years ago, and more recently Patrizzi & Co Auctioneers with a unique concept of zero buyer's commission, Osvaldo Patrizzi, who is internationally acknowledged as a foremost expert in antique timepieces, has set himself a new challenge: China.
A well-balanced sale in the eyes of Aurel Bacs, who on December 14th will preside over this auction of vintage and modern wristwatches. On offer will be several extremely rare timepieces by Patek Philippe, Rolex, Breguet, Piaget, Audemars Piguet, Vacheron Constantin and Panerai, alongside a fine selection of pocket watches and desk clocks. Total estimate: USD/CHF 5 to 7 million (EUR 3.8 to 5.3 million).
On Tuesday November 30th at 2pm, 129 timepieces (wristwatches, pocket watches and some clocks) will be proposed for auction by Koller. What makes this sale especially noteworthy is that 85% of the lots are from the collection of Osvaldo Patrizzi and, for the most part, are being offered at 30% under their low estimate.