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Showing posts from August, 2023

Rolex + Bucherer: Context and Consequences

A Rolex-Bucherer spoon, these were given out to accompany Rolex watch purchases. Rolex announced its planned acquisition of retailer Bucherer last week. In this post, I'd like to offer some analysis, contextualization and possible consequences of the development. In hindsight, the acquisition makes perfect sense and I'd like to explain why that is the case. To begin, let's remember how the modern Rolex brand was established. A schematic illustrating the earliest era of Rolex's business organization. Rolex co-founder Hans Wilsdorf passed away in 1960 without any direct heirs. Rather than sell his company, he left it to a charitable foundation in Switzerland. Rolex is a non-profit. In their press release announcing the acquisition of Bucherer, Rolex specifically mentioned that the retailer's current owner, Jörg Bucherer, does not have any direct descendants. This was not some toss-away line. The brand is pointing us to the fact that, from this perspective, Bu

By Grace of the Crown

Photo of a Rolex Deep Sea which I took at the Beyer museum in Zurich. If I told you there is a switch that Rolex could flip and immediately hamstring the American secondary watch market would you believe me? Frankly, I wouldn't have believed this myself until I stumbled upon a disclaimer in a Sotheby's catalogue from 2008. It read: "Important Notice regarding Importation into the United States of Corum, Rolex, Piaget or Franck Muller Watches. Sotheby's cannot arrange for the delivery of Corum, Rolex, Piaget or Franck Muller watches to the United States because U.S. laws restricts the import of Corum, Rolex, Piaget or Franck Muller watches. The curiousity-inducing text from a vintage Sotheby's catalogue. The buyer or a designated agent may collect the property in the country of sale." I thought this was an extremely odd restriction which, frankly, I had never heard of before. Restrictions on international flows of goods are not, themselves, rare. Quot

Mission to Moonshine Gold: Swatch Does It Because It Works

I listen to a good number of podcasts regarding the watch industry, one of which is A Blog to Watch Weekly . Mission to Mars: One of two MoonSwatches in my collection. In a recent episode, when host Rick introduced the topic of the most recent Swatch X Omega Mission to Moonshine Gold MoonSwatch, co-host Ariel Adams audibly sighed in apparent exasperation. I was simultaneously amused by and sympathetic with Adams' frustration at the 30-ish day cycle of new releases when it comes to the Moonshine MoonSwatches. Just to be clear: I have nothing against the MoonSwatch. I own two: Mission to the Sun and Mission to Mars. They are comfortable and fun to wear. However, the "Mission to MoonShine Gold" (M2MG hereafter) product series is a bit of a stretch when it comes to the MoonSwatch. The underlying exercise takes place during each full moon, which is when Swatch releases a store-only special edition of the Mission to the Moon MoonSwatch with one small change: the chronogra