And who is the biggest selling watch brand this year…
Watch companies are notoriously secretive about their sales figures, meaning rankings haven’t always been crystal clear.
Visual observation has long suggested Rolex as the default must-have for the wrist, with Omega and Tag Heuer often cited as the podium place-holders. Waiting lists for certain models also suggest Rolex, along with Patek Philippe and Audemars Piguet, are favorites.
The results reveal the membership of watchland’s billion-dollar turnover club and more, with the most telling figure underscoring the prominence of Rolex. The famed brand now accounts for more than one-fifth of worldwide watch sales. Its 22.2 per cent share reflects an average price of just over $US12,000 ($16,800) per watch, an estimated $US11.6 billion in retail sales.
Australian local retailer James Kennedy says: “Aside from Rolex, the real surprise is Longines and Tissot. I would argue that Patek is the second-strongest brand in the world, and revenue is not the only criteria. Brands like Patek and Audemars Piguet choose only to make so many watches and that’s it – they’re quality driven, not volume driven like a Longines or Tissot.”
Kennedy’s conclusion? “From an order perspective the list is not inaccurate, but when you’re talking about watches there are other metrics you’d want to consider. You can probably get a more accurate reading on the groups behind the brands as they’re public companies and report as such.”
Morgan Stanley’s report takes a look at that very thing, estimating that 75 per cent of the value of global watch sales comes from the Swiss behemoths. That’s Swatch Group – Breguet, Blancpain, Omega et al (28 per cent); Rolex with Tudor (23.5 per cent); Richemont – Cartier, Vacheron Constantin, Jaeger-LeCoultre, IWC; and LVMH – Hublot, Bulgari, Tag.
Kering, home to Gucci, Girard Perregaux and Ulysse Nardin, is the minnow with 1.6 per cent share. Hardly a concern – in the watch world such a figure could be viewed as an affirmation of exclusivity.
Source: Financial Review
The Girard-Perregaux Quasar is scheduled to arrive for sale to the general public in March of 2019. The retail price has been set at $194,000 per watch.
Girard-Perregaux has a way with watches and they’ve taken their innovative spirit to new heights with a design that is so unique that their latest creation is without a doubt one of the most unique examples of fine watchmaking and uniqueness we’ve seen. Their integration of high tech is melded with the creative genius of the brand’s Three Bridges movement and a sapphire case that has culminated in the creation of the Girard-Perregaux Quasar, a watch that offers the ultimate display of the Three Golden ridges movement for which they are famous. At first glance on the wrist, it appears to be more a proud display of the mechanical inner workings than it does a traditional time piece. It’s deserving of a closer look and investigation.
The case is simply crafted of sapphire crystal. It measures 45 mm in diameter with a thickness of 15.25 mm. It’s perfectly clear and presents the movement within as a device that is suspended on the wrist and floating in time. The clarity of the sapphire provides all onlookers with a sharp and multi-angle view of the movement from all angles including the back. It is worth noting here that the case for the watch takes more than 200 hours to create. The sapphire is machined into the shape that serves as the housing for the movement.
There is no dial to speak of so we focus on the hour and minute hands which are set atop the movement just below the capping sapphire crystal with an ever so slight beveling of the edges. You see a totally skeletonized version of the watch from front and back. Interestingly, there are no applied hours, minutes or seconds indexes on the watch so you must rely on the positioning of the scissor like hands and assume the correct time from their positioning. Lume has been applied to the hands to give them high visibility in low light conditions. When it comes to legibility, there is a total exposure of the movement and aside from the hands that tell the time, there is little to discern other than the admirably beautiful movement below.
“Drive Carefully Me”
Paul Newman is known as an iconic entertainer and humanitarian; apart from winning multiple awards including an honorary Academy Award, he also voiced for The Simpsons as the Newman’s Own salad dressing mascot, fully unveiled his humorous character. Friends remember him as “the benchmark”— someone who was a master of everything he did, acting, philanthropic work, and now one more: auction. The legendary timepiece, Paul Newman’s Rolex Daytona, was sold in New York by Phillips Auctioneers for a whopping record for $17.8 million.
Source: CBS This Morning
Have you ever wondered, what are the most expensive watches in world? Here I am going to tell you about 10 of most expansive watches. There are many intricate details in million dollar watches like expensive stones, diamonds and gems that are encrusted into them jacking up their price. These watches have complicated mechanisms inside that make time telling as accurate as it could be. Some are equipped with the tourbillion, an intricate mechanism that counters the effects of gravity. These complexities definitely increase the selling price of these expensive watches in the world.
Here are top 10 most expensive watches in the world: