The recent watch auctions in Geneva have broken records, with a staggering total of $203 million in sales. Phillips led the charge, achieving a historic CHF 92 million sale, marking the first live watch auction to surpass the $100 million threshold. F.P. Journe watches shone brightly, generating over CHF 31.8 million, while Patek Philippe continued to anchor prestigious collections. Notably, a striking 40% of bidders were Millennials or Gen Z, highlighting a shifting demographic in the world of horological collecting. The lively participation from around the globe reflects an enduring passion for fine timepieces.
Day: 10 November 2026
Watches of Switzerland raises revenue growth forecast after strong first half
Watches of Switzerland Group has raised its revenue growth forecast for the financial year 2027, buoyed by a strong first-half performance showing a 15% year-on-year revenue boost to £974 million. As the US market becomes the company’s largest, contributing £501 million in sales, the group projects an improvement in adjusted EBIT margins and forecasts revenue growth of 7-10% for the full year. CEO Brian Duffy highlighted the robust performance despite economic challenges, emphasizing the firm’s ongoing investments and confidence for continued growth.
Vacheron Constantin updates Fiftysix collection ahead of eighth anniversary
Vacheron Constantin has unveiled a refreshed Fiftysix collection, marking its eighth anniversary with two new models featuring elegant two-tone grey gradient dials. The updated timepieces, crafted from stainless steel, blend vintage references from the 1956 Reference 6073 with contemporary aesthetics. Notably, the Fiftysix Complete Calendar offers an impressive moon-phase display, requiring adjustment only once every 122 years. With further variants and strap options on the horizon, the brand signals a dynamic evolution for this celebrated collection.
Underrated Rolex watches that collectors should rediscover
In the world of luxury watches, certain Rolex models have been unjustly overshadowed by their more famous counterparts. The Datejust Turn-O-Graph, Explorer II, Oysterquartz, Milgauss, and Cellini Danaos are five exceptional timepieces worth discovering. The Turn-O-Graph, employed by the U.S. Air Force Thunderbirds, is celebrated for its historical significance as Rolex’s first rotating bezel watch. Meanwhile, the Oysterquartz offers a unique in-house quartz movement that sets it apart in a market dominated by mechanical pieces. With the Milgauss boasting an eye-catching white dial and the Cellini Danaos presenting classic elegance at competitive prices, these models stand as a testament to Rolex’s innovative spirit and craftsmanship, inviting collectors to look beyond the mainstream.