Platinum Patek sells for $800K in Hong Kong
A platinum Patek Philippe Ref. 5207 tourbillon minute-repeater with a perpetual calendar sold for $807,845 at Antiquorum’s auction held Saturday, the highest-grossing lot of the sale.
Antiquorum sale to offer rare Patek Philippe
A Patek Philippe Ref. 5004A, one of only 50 of its kind, is expected to sell for as much as $645,000 at Antiquorum’s sale scheduled to take place Saturday at the Mandarin Oriental in Hong Kong.
Swatch profit rises due to Tiffany settlement
Biel/Bienne, Switzerland--Swatch Group reported a 9 percent increase in net sales and a 17 percent increase in operating profit, boosted by the watch giant’s multimillion-dollar settlement with Tiffany & Co.
Watch pioneer Raymond Weil dies at 87
Raymond Weil of the eponymous Swiss luxury watch brand died on Sunday, leaving behind a legacy of creating luxurious yet affordable timepieces.
Faulty pump believed to be cause of Swatch fire
While the investigation into the fire that destroyed part of a Swatch Group factory remains under investigation, a company spokesperson said early results indicate the fire was caused by a “technical deficiency” in one of the pumps in the galvanic workshop.
Audemars nets Royal victory in trademark case
A watch company has been ordered to pay Audemars Piguet more than $9 million in damages for selling a watch that was deemed to be a knockoff of the luxury watchmaker’s “Royal Oak.”
Tiffany ordered to pay Swatch $449M in watch case
Following confidential arbitration, a court in The Netherlands has ruled in Swatch Group’s favor in its multi-million-dollar legal battle with Tiffany & Co. over the companies’ now-severed watch contract.