Unique Patek Philippe Sells for $4.3m

A unique Patek Philippe watch sold for $4.3m at Sotheby’s New York – the highest price realized by the auction house for a timepiece this year.

Rolex’s 30% Share of Swiss Watch Market

Rolex remains the king of Swiss watches, with more than a 30 per cent share of the market in 2023, according to new research by the investment bank Morgan Stanley and consultants LuxeConsult. “No other luxury brand can claim such a dominant position in its respective sector,” they say in a new report. Rolex’s market … Read more

Watches of Switzerland Annual Revenue Hits Record

Watches of Switzerland’s group revenue soared 25% for the full fiscal year as it expanded its store network and demand for luxury timepieces rose. The UK-based retailer achieved sales of GBP 1.54 billion ($2.02 billion) for the 52 weeks that ended April 30, the company said last week. That amount is a record for the … Read more