Category Archives: Patek Philippe

Is Eleven James the Netflix of Luxury Watch Rental? Nope.

Word on the gold-paved street is that there’s a new luxury for less player in town, and the buzz has just begun. Eleven James, dubbed as the Netflix or NetJets of luxury watches, is here to help you live beyond your means for a modest fee. The premise: pay a monthly membership fee for access to a collection of luxury watches that they’ll lend you for two month periods before you can swap it for another luxury watch. Membership starts at $249 for three watches per year ($449 for six) and grants you access to collections “The Afficionado” (IWC, Panerai, Read More →

Antiquorum’s Used Watch Sale Makes Over $3 Million

Bidders bid on over 450 watches in Antiquorum New York’s September auction for Important Modern and Vintage Timepieces last week. These sales totaled over $3.6 million. The bids were made via commission, telephone and internet and they were from the UK, Asia and the Middle East. There were modern limited edition time pieces in excellent condition that were purchased for amazing prices. The highest paid item was sold for $255,750. It was a Jaeger-LeCoultre Reverso Gyrotourbillion 2, No. 04/75. This time piece is a limited edition reversible pink gold watch. The visible Jaeger-LeCoultre caliber 174 with inclined 2 cage multi-axis Read More →

Patek Philippe Only Watch 2013 Contribution

Patek Philippe‘s contribution to the “Only Watch” charity auction is the very unique ref. 5004T, only the fourth known Patek to be produced in titanium, and the first of this series to be made in titanium. The ref. 5004T is no longer in the current collection, so this may be the only chance a collector has to get his hands on it. This particular auction piece features a split-seconds chronograph and a perpetual calendar. This particular watch has been reworked; a redo of one of the great classics of the Patek Philippe Grand Complications collection, dated between 1995 and 2011. Read More →

Patek Philippe Magpie’s Treasure Clock Wins Sotheby’s Hong Kong Magnificent Clocks Sale

How would you like the title of “Worldwide Head of Watches”? That’s the job Tim Bourne has with auction house Sotheby’s. Earlier this year Bourne described the upcoming Spring Sales called Magnificent Clocks from an Important Private Collection with the following: “Never has a collection of Patek Philippe clocks of comparable caliber appeared in the market, making this collection extremely significant in contemporary clock design.” Mr. Bourne knows of what he speaks, as the recent auction that took place at the Hong Kong Convention and Exhibition Centre set some impressive marks. The auction was estimated to bring in about $12.8 Read More →

China Bans Luxury Advertising – Including Luxury Watches

China is a lucrative market for everybody today. It is compared to a rapid growing consumer market like that of the United States of the 1960’s. That means big consumption and a desire for big ticket items. But now, luxury watch makers have been thrown a curve. Even those with fancy “Year of the Snake” watches are under fire (ahem, Bvlgari). China has placed a ban on advertising luxury watches. What? A ban on advertising watches? What is up with that? You may not be aware but advertising bans have existed for years in the United States. Cigarettes and hard Read More →