To mark the second breakfast meeting held at the Bucherer Gallery in Geneva under the auspices of the Fondation de la Haute Horlogerie, a new group of enthusiasts gathered to debate the concept of value in the current watchmaking scene. Once again, the lessons learned were many and varied.
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Collector’s Breakfast: Watchonista Partners With Bucherer And The Fondation de la Haute Horlogerie On A Unique Concept
Last week saw the launch of a new Watchonista event concept in collaboration with Bucherer Geneva and with the participation of the Fondation de la Haute Horlogerie. A rewarding association and the first gathering in an event that looks all set to become a firm staple in the watchmaking calendar.
Under the hammer at Christie's on November 9th for Only Watch, the Patek Philippe Grandmaster Chime Ref. 6300A sold for CHF 31 million, setting a new record for any category of watch.
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.
Three months ago, Patek Philippe and Vacheron Constantin were two of the hottest searches on Weibo: not for their watches, but because of customers' attempts to avoid import duty.
When all balance springs were metal, Swatch Group's Nivarox enjoyed a virtual monopoly. The most widespread alternative, patented silicon technology, is also the property of a handful of manufacturers. However crucial it may be, mechanically and strategically, the balance spring is about materials science, not horological genius.
With the vintage trend showing no signs of abating, now is the time to pay tribute to the iconic watches worn by late, great celebrities. Brands happily revisit legends from the past while at auction, watches with celebrity provenance are achieving record amounts.
Watch Art Grand Exhibition Singapore 2019 is the fifth Patek Philippe exhibition. For the 30,000 people expected to attend, it offers a unique chance to view exclusive watches and also admire the brand's vast expertise. Until October 13.
Exposure to magnetic fields isn't without consequence on a mechanical watch's proper functioning. After early attempts to resolve the problem, recent innovations are delivering promising results. Demagnetising tools are also benefiting from new developments.