Sotheby’s has appointed James Marks as its global head of private sales, a move aimed at enhancing the auction house’s fixed-price watch services. Operating from Geneva, Marks will focus on fostering year-round relationships with key clients, catering to those who prefer the convenience of fixed-price transactions. As Sotheby’s ramps up its retail offerings, it currently boasts over 1,200 watches for sale, with a significant portion available under “Buy Now” options. This strategy underscores the auction house’s rising shift towards private sales in an increasingly competitive marketplace.
Day: 1 June 2026
Prestons Group to double size of Rolex boutique in Leeds with £7m investment
Prestons Group has announced a £7 million investment to expand its Rolex boutique in Victoria Gate, Leeds, planning to double its store size and add an upper floor. Construction is set to begin in late 2026 and conclude by October 2027, with the store remaining open throughout the process. The new boutique will boast private consultation rooms and a lounge, enhancing the shopping experience for luxury watch enthusiasts. The expansion underscores the growing importance of Leeds as a retail destination and reflects Prestons’ strong partnership with Rolex.
London Watch Week aims to revitalize luxury watch retail amidst rising costs
London Watch Week kicks off tomorrow, showcasing the capital’s pivotal role in the luxury watch market, which accounts for 40% of the UK’s sales. Amidst rising costs threatening profits on Bond Street, the event aims not just to attract repeat customers but to engage a new clientele. Industry experts emphasize the need for collaboration to revitalize the watch scene, drawing inspiration from successful events like New York’s Madison Avenue Watch Week. With a series of exhibitions and events planned, London Watch Week presents a significant opportunity for boutiques and brands looking to expand their reach amid challenging market conditions.