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?
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.
The market confirmed its stability with renewed interest in fine quality, rare, even exceptional pieces, both vintage and modern. Also in demand are finely-crafted enamel pocket watches and historic pieces. Bidders and collectors came from all over the world to Geneva, with Chinese buyers showing immense interest in Fine Watches.
On November 9th, three exceptional clocks changed hands for some €800,000 (USD 1,095,590), realising 20% of the total sale of important French furniture, sculptures and works of art. A fourth clock went unsold.
When car enthusiasts talk about their wheels - Porsche, Mercedes, Fiat or Ferrari -, they presume their model rolls off the production line of that particular brand. Not for a second, though, do I imagine they believe every single part was made in that same factory. I think the driver of a Rolls – oh happy man! – knows that the prestigious British marque counts on exclusive, top-notch suppliers for its components and accessories. The artists at Rolls-Royce then assemble them into a result that is necessarily greater than the sum of its parts.