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In this Article When you think of your grandfather’s or even your father’s watch, what comes to mind? I am willing to bet that there are quite a few out there that are picturing a gold and steel Rolex Datejust with a Jubilee bracelet. Is this a bad thing? For me, the two-tone Rolex Datejust was the watch my old man brought over when he immigrated to Canada. It was his insurance policy if we ever found ourselves in dire straits and I was instructed to pawn it for food or rent. Funny, fast forward to today, the two-tone is not the watch of status, and in most cases, is priced much lower and less desired than its fully stainless steel siblings. This notion has never swayed me out of buying a two-tone watch, even after I learned of the “curse.” While I do have my emotional connection to TTs, there’s also the value proposition of having the precious metal incorporated into the watch, not to mention just how well a two-tone watch fits with classic Americana and vintag ....
Last week, Patek Philippe announced it was discontinuing its iconic 5711 model. The watch has a legendarily long waitlistârumored to be around 10 years, Hodinkee reportsâand is likely the most in-demand model in the world. The stainless steel Nautilus emerged as a major victor in the battle against formal wardrobes and the reference 5711, dark-blue dial and no fuss, was the platonic ideal of the model. Before the news broke, the pieces were already selling for well above their retail price of $33,710, and, unsurprisingly, prices have continued to rise since theyâre only going to grow rarer after they go out of production. ....
For example, the Sotheby s Important Watches live auction concluded Tuesday and brought in $10.4 million a 27% increase from last year with a Patek Philippe Ref 2499 retailed by Tiffany & Co. selling for $818,600. A Cartier Ecran Mystery Clock went for $564,500, while a Rare Salmon Dial Audemars Piguet Royal Oak sold for $441,000. New watches can be very pricey and collectible, but vintage watches are the ones that almost dominate the watch sector. In fact, secondhand watch sellers are almost as popular as the auction houses that sell blue-chip artwork, and the websites that resell Birkin and Chanel bags. According to Deloitte s 2019 Global Powers of Luxury Goods report, the average annual sales made by the top 32 watch and jewelry companies topped $2 billion in 2017, but a 2018 Bain report stated that the secondhand market was worth nearly $25 billion, with watches and jewelry making up over 80% of all secondhand market purchases. ....
Stay on top of the latest news and weather. Download the NBC 6 u003cemu003eapp for u003c/emu003eu003ca is=u0022u0022 href=u0022https://apps.apple.com/us/app/nbc-6/id331807842u0022u003eiOSu003c/au003eu003cemu003e or u003c/emu003eu003ca is=u0022u0022 href=u0022https://play.google.com/store/apps/details?id=com.nbcuni.nbcots.nbcmiami.androidu0026amp;hl=en USu0022u003eAndroidu003c/au003eu003cemu003e.u003c/emu003e Around 12:30 a.m. Friday, a Coast Guard helicopter found the man in the water, about three miles from his boat off Saddlebunch Key, officials said. ....