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☆ Sylvester Stallone’s watches to go on sale, including ‘holy grail’ of timepiece collecting
▼ + stars: | 2024-05-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

That watch was the “most beautiful thing I’d ever seen,” Stallone said in a video released by Sotheby’s, and sparked a decades-long love of watch collecting. And now, the Hollywood star is auctioning 11 watches from his personal collection at a Sotheby’s sale in New York on June 5. Among the items is the rare Patek Philippe Grandmaster Chime, which is expected to fetch as much as $5 million, as well as watches he wore in some of his films. The Grandmaster Chime is the most complicated ever Patek Philippe watch. Another Patek Philippe watch, this one from its Nautilus family, is expected to sell for up to $400,000.

Persons: Sylvester Stallone, Gregg Allman, Allman, ” Stallone, Sotheby’s, Philippe Grandmaster, Philippe, “, Phillipe, Stallone, Audemars Piguet, Cartier, Sotheby's Organizations: CNN, Hollywood, Rolex Locations: New York

☆ U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
▼ + stars: | 2024-05-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.

Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America

☆ BowFlex files for bankruptcy
▼ + stars: | 2024-03-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Peloton isn’t the only at-home exercise equipment company feeling the pain: BowFlex is too, announcing Tuesday that it has filed for bankruptcy. BowFlex blamed its bankruptcy on the “post-pandemic environment and persistent macroeconomic headwinds” and said it received interest from “multiple” companies but chose Johnson Health Tech because it will “maximize value for our stakeholders through this process.”A $25 million debtor-in-possession financing will allow BowFlex (BFX) to operate normally and keep its employees paid. Johnson Health Tech makes similar exercise equipment under the Matrix, Horizon Fitness and Vision Fitness brands. Washington-based BowFlex makes several products, including treadmills, ellipticals and its well-known home-gym contraption that lets people do more than 70 weight-based exercises. Peloton said last month that its turnaround plan isn’t going as planned and NordicTrack-owner iFit scrapped its plans to go public in 2022.

Persons: BowFlex, Johnson, iFit Organizations: New, New York CNN, Johnson Health Tech, Fitness, Nautilus Locations: New York, Taiwan, Washington

☆ T’s Valentine’s Day Gift Guide: Floral Cookware, Scented Matches and More
▼ + stars: | 2024-02-01 | by ( Jamie Sims | Jameson Montgomery | ) www.nytimes.com time to read: +1 min

His routine reminder has become a kind of everyday love language, a small and simple gesture that tells me he cares about my health and well-being. Casa Shop, a home-goods boutique in Richmond, Va., stocks vintage silver pillboxes shaped like candy and strawberries. Tiffany & Co. also offers luxurious sterling silver cases (with the option to personalize them with engraving), as does the Los Angeles-based jewelry designer Sophie Buhai, who fashions hers as a nautilus shell. And Judith Leiber Couture riffs on its signature crystal-clad minaudière handbags with surreal pillboxes disguised as lipsticks, martini glasses and gummy bears. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.

Persons: he’s, I’m, Sophie Buhai, Judith Leiber Couture Organizations: The Locations: Richmond , Va, Los Angeles

☆ Why China poses a growing threat to the U.S. auto industry
▼ + stars: | 2024-01-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Tesla CEO Elon Musk, whose company operates a large plant in China, has said Chinese automakers are the greatest competitors for his Texas-based company. "They were 26% [market share] a few years ago, up to more than 50% in 2022 and headed towards two-thirds by the end of the decade." Chinese companies have begun expanding into Mexico, Europe and elsewhere, Wakefield said. The EU believes Chinese EVs are undercutting the prices of local models by about 20% in the European market. The influx of Chinese EVs has spurred the European Union to launch into government support for the industry.

Persons: —, Carlos Tavares, Elon Musk, Tesla, Musk, BYD, Massimo Pinca, Reuters BYD, Kristin Dziczek, Mathew Vachaparampil, Bernstein, Eunice Lee, Mark Wakefield, Evelyn Cheng, hasn't, Wakefield, That's Organizations: GM, Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, DETROIT, American, of, SAIC, Dongfeng, General Motors, U.S . Bureau, Analysis, America —, Chrysler, America's GM, Ford Motor, automakers, The New York Times, Economist, Reuters, Federal Reserve Bank of Chicago's, Caresoft, Overseas, Chicago, CNBC, European Union, EU, Union, Volvo, Karma, Ford, U.S, Buick, Lincoln Nautilus Locations: Shanghai, U.S, of China, Asia, Europe, China, Japan, Nio, Mexico, Korea, Germany, Beijing, Texas, Turin, Italy, Federal Reserve Bank of Chicago's Detroit, AlixPartners, Russia, America

☆ Jay Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made
▼ + stars: | 2024-01-21 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +9 min

Richard Mille RM011 Felipe Massa Chronograph Rose GoldJay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. The rapper's Audemars Piguet Royal Oak 26585CE has an openwork sapphire dial and rose gold dial markers. Patek Philippe Nautilus 5711 in Tiffany BlueThe Patek Philippe 5711 was released in limited quantities in early 2021. The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer Gérald Genta. Patek Philippe 2499Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.

Persons: —, Jay Z, Shawn Carter, Audemars Piguet, Hublot, Otis, Beyoncé, de Genève, Jay Z's Shawn Carter Hublot, Shawn Carter Hublot, Richard Mille, Richard Mille Jay Z's, freestyled, Rich Schultz, Richard Mille RM011 Felipe Massa Chronograph Rose, Felipe Massa Chronograph, Felipe Massa, Mille, Richard Mille RM027 Rafael Nadal Richard Mille, Matthew Stockman, Richard Mille RM027 Rafael Nadal, Rafael Nadal, Novak Djokovic, Nadal, Richard Mille Rafael Nadal, Roger Kisby, Audemars that's, 26585CE, Philippe, Phillip, Tiffany, Tiffanys Jay Z, Patek Philippe collab, Tiffany Blue, Audemars, Yves Klein, Klein, Gérald, Paul Newman Dial, Paul Newman, Newman, Jay, Z, Patek Philippe, Phillip Patek Jay Z, DJ Khaled, Patek, Patek Philippe Grandmaster, Getty, Jay Z's Patek Philippe, Tony Kavak, Kavak Organizations: Service, Business, GQ, Getty, Radio City Music Hall, Philippe Nautilus, AP, IFL Locations: Swiss, Brooklyn, Mille, Paris, French, Christie's, Geneva

☆ An 11-year-old girl is going viral on TikTok after showing off her luxury outfits including a $124,000 watch and a $31,000 handbag
▼ + stars: | 2023-12-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

11-year-old Moo Abraham went viral on TikTok this year after showing off her lavish lifestyle. Videos on the account of Love Luxury, a store owned by her parents, show her modelling clothes and jewelry worth thousands. AdvertisementAn 11-year-old girl has caused a stir on TikTok and divided users' opinions as videos of her showing off her luxury items including a $124,000 watch and a $31,000 Hermés handbag have gone viral. The Patek Philippe Nautilus 5711 , which was discontinued by the brand, is being resold for anywhere between £70,000 ($87,000) to £266,798 ($333,000) on the luxury watch marketplace Chrono24. Business Insider couldn't independently verify whether Moo Abraham owns the items she models, or whether they are stock in her parents' store.

Persons: Moo Abraham, —, Emily, Adam Abraham, Louis Vuitton, Dior, Gucci, billionairesdaughter, She's, Emily Abraham, she's, Philippe, Kelly, Philippe Nautilus, couldn't, Moo, Royce Cullinan, item's Organizations: Service, Love, Philippe Nautilus, Fashion Locations: London, TikTok, Knightsbridge , London, Dubai

☆ Cruise staff say Carnival UK threatened to get rid of 919 of them if they refuse to take pay cuts
▼ + stars: | 2023-11-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Cruise crew members are accusing Carnival UK of threatening to "fire and rehire" 919 of them. A maritime union said Carnival UK filed a notice of mass layoffs as it was negotiating pay cuts. The entire dispute stems from negotiations between Carnival UK and Nautilus over potential pay cuts. Carnival UK is run by the Carnival Corporation group, which also operates Carnival Cruise Line, the US cruise company. AdvertisementNovember 24, 2023: This story was updated to reflect comment from Carnival UK.

Persons: — Organizations: Carnival, Service, Nautilus International, O Ferries, Unions, Nautilus, O Cruises, Cunard, O, BBC, Carnival UK's, Carnival Corporation, Cruise, Princess Cruises, O Cruises Australia, Carnival UK

☆ US expands, upgrades probe into 708,000 Ford SUVs, trucks over engine failures
▼ + stars: | 2023-10-02 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Slideshow ( 2 images )WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles and trucks over catastrophic engine failures tied to a faulty valve. The investigation covers 2021 and 2022 model year Ford Bronco, Edge, Explorer, and F-150 and Lincoln Aviator and Nautilus vehicles. A Ford spokeswoman said the automaker was working with NHTSA to support their investigation. NHTSA said it had reports of 328 customer complaints and 487 warranty claims relating to the vehicles under investigation. Ford added it believed “defective intake valves commonly fail early in a vehicle’s life and has suggested that the majority of failures have already occurred.”

Persons: Ford, Ford “, ” Ford, ” Organizations: Traffic Safety Administration, Ford Motor, Ford Bronco, Lincoln Aviator, Nautilus, NHTSA, Ford Locations: WASHINGTON

The high-quality video includes the official identification of the Akagi, while also providing new clues about the final hours of the aircraft carriers. “I just hated to see my ship torn up like that.”All three aircraft carriers were found previously, the Yorktown in 1998 and the Japanese ships four years ago. Besides sinking the Akagi, the Kaga and two other Japanese aircraft carriers, U.S. forces shot down more than 250 Japanese airplanes. When ordered to abandon ship, Taylor jumped overboard and tried to swim to a nearby destroyer, U.S.S. “I was really upset because I loved that ship,” Taylor said.

Persons: Akagi, Kaga, Julian Hodges, ” Hodges, “, —, Bob Ballard, ” Daniel Wagner, it’s, Michael Leggins, Hodges, Robert Taylor, Taylor, Hans Van Tilburg, ”, Balch, Wagner, “ Nobody’s, ” Taylor, ” ___ Thiessen Organizations: Pacific, Imperial Japanese Navy, Yorktown, Ocean Exploration, Papahānaumokuākea, Northwestern, Ocean Exploration Trust, Associated Press, Nautilus, Midway, U.S . Pacific Fleet, Navy, AP, National Oceanic, Marine Sanctuaries Locations: U.S, . Yorktown, Yorktown, Northwestern Hawaiian, Honolulu, “, videoconference, Midway, Asia, Johnson City , Tennessee, Auburndale , Florida, Anchorage , Alaska

☆ Rare footage shows a 'Dumbo' octopus more than 5,500 feet underwater, swimming with its ear-shaped fins
▼ + stars: | 2023-09-26 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Rare footage shows a "Dumbo" octopus swimming near a submersible in the deep ocean. A still from the video shows the Dumbo octopus. Side by side images show the Dumbo octopus, captured more than 5,500 feet underground. This isn't the first enthralling deep-sea footage that the Ocean Exploration Trust has shared. The Ocean Exploration Trust livestreams its missions on a website for the Nautilus.

Persons: — Organizations: Service, Ocean Exploration Trust, Exploration Trust, Central Pacific, Ocean Exploration, Geographic, Exploration, Nautilus Locations: nonchalantly, siphons, Hōlanikū, Hawaii

☆ Deep-sea explorers captured the first ever photos of a long-lost Japanese shipwreck from World War II's Battle of Midway
▼ + stars: | 2023-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

A team led by the Ocean Exploration Trust also assessed two other wrecks from the Battle of Midway. AdvertisementAdvertisementResearchers used a remotely operated vehicle to reach the shipwreck, which lies more than 5,400 meters beneath the ocean's surface, Van Tilburg said. Ocean Exploration Trust/NOAAThe Japanese lost more than 3,000 men during the fight, while the US lost a little more than 350. Ocean Exploration TrustViewers following along at home included people whose family members served on the ships and helped build the vessels, Cook said. We have been friends with Japan before and after the war much longer than the period where we've been adversaries," Van Tilburg said.

Persons: Hans Van Tilburg, Van Tilburg, Akagi, Megan Cook, Cook, we've Organizations: Ocean Exploration, US, Service, Google, NOAA's, Marine Sanctuaries, Akagi, Exploration Trust, NOAA, Ocean Exploration Trust, Nautilus, Imperial Japanese, Heritage Command, Exploration Locations: Midway, Japan, Wall, Silicon, Yorktown

☆ Ford avoids Canadian auto strike with Unifor union deal
▼ + stars: | 2023-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada's largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. The Canadian tentative agreement was reached on day five of the United Auto Workers union initiating targeted strikes against Ford and its crosstown rivals General Motors and Chrysler-parent Stellantis . DETROIT – Ford Motor avoided having to face labor strikes on both sides of the U.S.-Canada border Tuesday night, as the automaker and Canadian union Unifor announced a tentative deal covering 5,600 autoworkers in the country's Ontario providence. Unifor, which represents 18,000 Canadian workers at the Detroit automakers, took a more traditional approach to its negotiations than its U.S. counterpart did. The Canadian union picked Ford as its "target" company instead of following the UAW's new strategy of bargaining with all three automakers.

Persons: Lana Payne, UNIFOR, Unifor, Ford, Shawn Fain Organizations: Metro Toronto Convention, Plant, Ford Edge, Lincoln Nautilus, Ford, United Auto Workers, General Motors, Chrysler, Detroit, Ford Motor, U.S ., Detroit automakers, U.S, GM, UAW Locations: Oakville, Unifor, DETROIT, U.S, Canada, Ontario, autoworkers, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio

☆ Canadian autoworkers extend negotiations with Ford, delaying a possible strike
▼ + stars: | 2023-09-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

According to an update posted on the union site: “Unifor is extending negotiations with Ford Motor Company for a 24-hour period. By contrast, Unifor announced if it goes on strike, it will strike all the Ford facilities where it represents members. The union had granted them contract extensions while it focused its negotiations on reaching the best possible deal with Ford. It has not had a strike in its Canadian operations since 1990 and has not had a US strike since 1978. A Canadian strike could be a bigger blow to Ford’s sales than the UAW strike, which is so far is limited to one factory in Michigan in the case of Ford.

Persons: Unifor, ” Ford, Lana Payne, ” Payne, Ford Organizations: CNN, Canadian, Ford, Ford Motor Company, United Auto Workers, General Motors, Jeep, Dodge, Chrysler, UAW, Ford Bronco, Nautilus Locations: Canada, Wayne , Michigan, Michigan, Windsor

☆ Canadian autoworkers union reaches tentative labor deal with Ford, averting strike
▼ + stars: | 2023-09-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

CNN —The union representing Canadian autoworkers at Ford has reached a tentative deal with the US automaker, keeping more than 5,000 union members on the job and providing some good news for an industry dealing with unprecedented labor disruptions. Details of the deal between Ford and Unifor, the Canadian union, were not immediately available. “We leveraged our union’s most powerful weapon: the right to strike,” Unifor said in its statement Tuesday evening. The issues in the Canadian labor negotiations greatly mirrored the issues behind the UAW strike against those three automakers. The companies, which are reporting record or near-record profits, all say they have offered the UAW members raises totaling about 20% during the life of the contracts, including immediate 10% raises.

Persons: Unifor, ” Unifor, “, Ford, It’s, That’s Organizations: CNN, Canadian, Ford, United Auto Workers, Ford Edge, Lincoln Nautilus, UAW, Motors, North American, Jeep, Dodge, Chrysler Locations: Canada, Toronto, Windsor , Ontario, Detroit, Wayne , Michigan

☆ Ford barrels toward new Canadian strike that could affect F-Series pickup production
▼ + stars: | 2023-09-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

A Unifor strike would disrupt Ford's Oakville Assembly Plant that produces the Ford Edge and Lincoln Nautilus crossovers. F-Series, Mustang could be disruptedIf a prolonged Canadian strike occurs, the work stoppage could eventually impact U.S. production of the vehicles. Gasoline V8 models make up about 50% of Mustang and 20% of F-150 models sold in the U.S. Large F-Series trucks exclusively have V8 engines. But a majority of those vehicles sold have diesel V8 engines rather than gasoline, according to the company. The Canadian union picked Ford as its "target" company instead of following the UAW's new strategy of bargaining with all three automakers.

Persons: Ford, Carlos Osorio, Wheaton, Lana Payne, Jerry Dias, Cole Burston Organizations: Ford DETROIT, Ford, United Auto Workers, General Motors, Chrysler, Plant, Ford Edge, Lincoln Nautilus, Reuters, Detroit, UAW, Worker Institute, Cornell University, Unifor, Detroit automakers, U.S, Canadian Locations: Oakville, Oakville , Ontario, Canada, U.S, Mexico, Toronto , Ontario

☆ Ford also faces strike at Canadian plants Monday night
▼ + stars: | 2023-09-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Unifor, the union that represents autoworkers in Canada, is preparing to go on strike against Ford on Monday night. The 3,400 Unifor members at the plant produce the Ford Edge and the Lincoln Nautilus SUVs. The two plants have a total of 1,700 Unifor members. It has not had a US strike since 1978, nor a Canadian strike since 1990. But Payne said her members at Ford are prepared to strike Monday night if the company doesn’t step up to its demands.

Persons: Ford, Lana Payne, “ We’re, ” Payne, –, Jeff Schuster, ”, Payne, she’s, Unifor, ” Ford Organizations: New, New York CNN, United Auto Workers, Ford, CNN, UAW, Ford Edge, Lincoln Nautilus, Nautilus, – Ford, General Motors, North American, Jeep, Dodge, Chrysler, GlobalData, GM, Canadian, US Locations: New York, Canada, Toronto, Oakville , Ontario, Windsor , Ontario, Detroit, Windsor, Warren , Michigan, United States, Mexico, America

☆ Strange ‘earthquake lights’ explained
▼ + stars: | 2023-09-16 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —I once felt the immense force unleashed by an earthquake in 1999 when I was living in Taipei, Taiwan. It was a feeling I was reminded of again this week when writing about a mysterious seismic phenomenon witnessed during Morocco’s recent devastating earthquake. Force of natureReports of multicolor “earthquake lights,” such as the ones seen in videos captured before Morocco’s 6.8 magnitude quake on September 8, go back centuries to ancient Greece. Researchers are beginning to understand the different forms the lights take and where they might appear. One 2014 study found the mystery lights could result from certain rocks when put under stress, but there is still no consensus on exactly what causes these outbursts.

Persons: CNN —, James Webb, Rhea Seddon, Anna Fisher, Judy Resnik, Shannon Lucid, Sally Ride, Kathy Sullivan, dryly, Arabella, Anita, Miss Baker, wasn’t, Jesse Rorabaugh, ”, Mattia Menchetti, Frank Rubio, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, United, of Evolutionary, CNN Space, Science Locations: Taipei, Taiwan, Greece, Mexico City, Thailand, Africa, Guam, North America, United Nations, Europe, Italy, Spain

Rolex’s Perpetual Planet initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. The marine biologist and amateur photographer captured the photo on a blackwater dive – a night dive in the open ocean, which uses floodlights to attract the ocean nightlife. Thousands of entrants submitted underwater and coastal images, as well as pictures captured by drone, to the competition, organizers said. From world-class drone images of megafauna to breath-taking underwater images of deep-dwelling ocean wildlife, the full spectrum of ocean life is brought to life like never before. A selection of the winning and highly commended images can be seen in the gallery above.

Persons: Jialing Cai, Will Harrison, Blancpain Organizations: CNN, Oceanographic Magazine, Tourism Western, Australian National Maritime Museum Locations: Philippines, Arksen, Tourism Western Australia, Sydney

☆ Treasures from Rothschild family collection could fetch $30 million at unprecedented auction
▼ + stars: | 2023-09-06 | by ( Carlie Porterfield | ) edition.cnn.com time to read: +3 min

CNN —A vast collection of art, furniture, silver, ceramics, and jewelry long held in the private collection of the Rothschild banking dynasty is expected to sell for as much as $30 million over several auctions this fall at Christie’s New York. The sales will mark the first dedicated auction in North America of works from the French branch of the long-time banking family. A German silver-gilt mounted nautilus cup and cover estimated to fetch between $100,000 and $150,000 at auction. Coincidentally, the cameo last came to auction at Christie’s in 1899, when it sold for £3,750 (about £395,000 or $496,000, in today’s money), shortly before it is believed to have entered the Rothschild collection. As for why the family is selling the collection now, Rendell believes it may be a “rationalization” and a “generational shift” in attitude.

Persons: Rothschild, Baron James Mayer de Rothschild, Betty, Alphonse, Gerrit Dou’s, Claudius, ”, Jonathan Rendell, “ It’s, James Mayer de Rothschild, Rendell, ” Rendell, Read Organizations: The Art, CNN, Christie’s, ” Locations: York, North America, Christie’s, Christie’s Americas, New York, Europe

☆ Treasures from Rothschild family collection fetch over $62 million at unprecedented auction
▼ + stars: | 2023-09-06 | by ( Carlie Porterfield | ) edition.cnn.com time to read: +3 min

CNN —A vast collection of art, furniture, silver, ceramics, and jewelry long held in the private collection of the Rothschild banking dynasty sold for more than $62.6 million over several auctions at Christie’s New York. The sales, which concluded on Tuesday, marked the first dedicated auction in North America of works from the French branch of the long-time banking family. Coincidentally, the cameo last came to auction at Christie’s in 1899, when it sold for £3,750 (about £395,000 or $496,000, in today’s money), shortly before it is believed to have entered the Rothschild collection. We don’t get a bulk of this type of material coming up for sale anymore,” Rendell said. As for why the family chose to sell the collection now, Rendell believes it may have been a “rationalization” and a “generational shift” in attitude.

Persons: Rothschild, Baron James Mayer de Rothschild, Betty, Alphonse, Gerrit Dou’s, Claudius, ”, Jonathan Rendell, “ It’s, James Mayer de Rothschild, Rendell, ” Rendell, Read Organizations: The Art, CNN, Christie’s, Old Masters Locations: York, North America, Christie’s, Christie’s Americas, New York, Europe

A tray of Rolex watches are seen on a dealer's stand at the London Watch Show on March 19, 2022 in London, England. Prices for luxury watches are near a two-year low on the secondhand market, reversing a rally that brought timepieces like Rolex, Patek Philippe and Audemars Piguet to record highs during the pandemic. The average price of a watch sold secondhand has fallen 31% since March 2022, according to WatchCharts, a luxury watch price tracker. At the market's peak, the average price of a luxury watch sold secondhand soared to $45,108, with buyers paying up to five times the retail value for in-demand watches. "It was interesting that the price hike mainly happened among three family-owned brands: Rolex, Patek Philippe and Audemars Piguet.

Persons: Patek Philippe, Audemars Piguet, Paul Altieri, Audemars, Tim Stracke Organizations: London, Rolex Locations: London, England, German

☆ From 'Barbie' to Formula 1, TAG Heuer is making its mark on the luxury watch market
▼ + stars: | 2023-07-12 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

It plans to more than double its boutiques in the U.S. to 50 by 2026, according to TAG Heuer CEO Frédéric Arnault. Frédéric Arnault, CEO of TAG Heuer. Arnault said TAG Heuer is making strides due in part to marketing wins and new products, such as the new TAG Heuer Monaco Chronograph with a skeleton dial worn by Verstappen, which clocks in at more than $10,000. Gosling has been sporting a 36mm TAG Heuer Carrera with a bright pink dial as part of his promotion of the new "Barbie" movie. Arnault said "Barbie" fans can expect to see other TAG Heuer watches in the film as well.

Persons: Frédéric, Bernard Arnault, Arnault, Max Verstappen, Sergio Perez, Frédéric Arnault, LVMH, Fred, Louis Vuitton, Bulgari, Philippe Nautilus, Ryan Gosling, Gosling, Barbie, Ryan Organizations: LVMH, TAG, TAG Heuer, CNBC, Oracle Red Bull Racing, Monaco, CNBC TAG, Zenith, Carrera Locations: U.S

☆ The global economy is slowing down. Just look at the luxury watch market.
▼ + stars: | 2023-06-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Prices for luxury watch brands like Rolex and Patek Philippe have fallen near two-year lows on secondary markets. Bloomberg's Subdial Watch Index has dropped about 19% in the last 12 months. Bloomberg's Subdial Watch Index, which tracks the 50 most-traded pre-owned watches, has fallen roughly 19% over the last 12 months. Meanwhile, the Patek Philippe Nautilus Travel Time has fallen 28%, and the Rolex Daytona 116506 has dropped 25%. President Joe Biden reiterated this week that he doesn't anticipate a recession, but Wall Street firms aren't so sure.

Persons: Patek Philippe, —, Philippe, Jerome Powell, Joe Biden, Michael Gapen Organizations: Rolex, Service, Bloomberg, Philippe Nautilus, Federal Reserve, JPMorgan, Bank, America's

☆ He turned his childhood home in the Japanese countryside into a multipurpose property with 12 round, wooden houses. Now he's trying to sell it for $1.58 million — check it out.
▼ + stars: | 2023-06-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

A Japanese couple spent over two years building a cluster of round, wooden houses in the countryside. ArchangelEnaThey started with a model of the propertyInspired by traditional Japanese architecture, Mizuno decided that he wanted to build a cluster of round, wooden houses on the property instead. Not only are wooden buildings a big part of Japan's architectural heritage, but some of the country's longest-surviving buildings are made from wood, Mizuno said. ArchangelEnaThere's a functional reason why Mizuno chose to make his buildings round — they're better at withstanding earthquakes. In one of the wooden domes.

Persons: Kodawari Mizuno, —, Mizuno, Mizuno —, ArchangelEna, ArchangelEna Mizuno, I'm, they're dodecagons, Kero, it's Organizations: Service, Google Locations: Ena, Gifu, Japan, Nagano, Nagoya, Kyoto, Magome

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