With the economy back in business and exports on the rise again, brands are newly inclined to show off their capacity for innovation and imagination. Here are some of the watches from the stream of recent releases.
Xi Jinping’s call for “common prosperity” sent shudders through the stock market. This new policy, which portends a drop in purchasing power for the wealthiest Chinese, pushed down luxury share prices, which includes watch brands. What implications does this have?
Between "Charybdis-too-fast" and "Scylla-too-slow" there is an oasis of "just right." Provided, that is, we know how to "take" time rather than let time take over.
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).
They're mad about mechanical watches, the more complications the better. They're enthusiastic collectors and buy more timepieces than the average for Latin America. Meanwhile, President Hugo Chávez leads a constant battle against the luxury industry. Have Venezuelans lost their mind?
For the nine months to end September, exports of Swiss watches across all segments increased 21.5% on the same period last year, while the +CHF 3,000 export price* (€2,260), category gained 22%. If the trend continues through to year-end, the industry could come close to matching 2008's record of approximately CHF 16 billion (€12 billion) for 26 million watches, and leave 2009 figures far behind.