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☆ Richard Mille watch could set a record at Christie’s New York auction
▼ + stars: | 2024-05-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Auction house Christie’s in New York is set to offer up its most expensive watch ever – a limited-edition Richard Mille – alongside rare timepieces, such as ones that once belonged to a former US president and an Apollo 7 astronaut. The transparent Richard Mille wristwatch, with a complex sapphire case design and sapphire crystal skeletonized tourbillon, is expected to sell for up to $4 million at auction at Christie’s Rockefeller Center on June 10. “We are particularly enthusiastic about offering the Limited-Edition Richard Mille RM56-02 AO Tourbillon Sapphire, a remarkable achievement in both pioneering materials and micro-engineering,” Rebecca Ross, head of sale at Christie’s in New York, said in the release. Another limited-edition Richard Mille watch, with a diamond-set skull, will be the first of its kind to be brought to auction and is expected to fetch up to $1 million, according to Christie’s. The Rolex Daytona watch was reportedly worn by late NASA astronaut Walter Cunningham in space.

Persons: Richard Mille –, Mille, ” Christie’s, Richard Mille RM56, Sapphire, ” Rebecca Ross, Richard Mille, Paul Newman, Walter Cunningham, Cunningham, Philippe, Lyndon B, Johnson, Robert Kerr, –, ” Ross Organizations: CNN, Christie’s Rockefeller Center, NASA, Rolex, Tiffany Locations: New York, Hong Kong

☆ Anthony Farrer of LA’s The Timepiece Gentleman accused of scamming $3 million from customers
▼ + stars: | 2023-11-15 | by ( Faith Karimi | ) edition.cnn.com time to read: +7 min

According to federal court documents, Farrer’s life started unraveling months before his arrest. His watch business started in Dallas and moved to LAIn court documents, federal agents detailed Farrer’s downfall from luxury watch seller to alleged scammer. Investigators said Farrer pocketed customers’ money from the watch sales and used it to maintain his lavish lifestyle. At times, court documents said, Farrer would send customers pieces that were different from what they’d requested. Court documents state the Rolex actually belonged to another customer who’d given it to Farrer to sell on consignment.

Persons: CNN — Anthony Farrer’s, Farrer, ”, Erica Choi, scammer, “, Anthony Farrer, they’d, who’d, he’d, “ I’ve, I’ve, …, Ciaran McEvoy, he’s Organizations: CNN, Lamborghini, Ducati, Business, YouTube, Office, Central, Central District of, Rolex, US Locations: Beverly Hills, Santa Monica, Las Vegas, Central District, Central District of California, Dallas, LA, Los Angeles, California, South Carolina , Colorado , Texas, Florida, Beverly, Swiss, Texas

☆ Cuban clock maker keeps on ticking despite economic woes
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

HAVANA, Nov 10 (Reuters) - Cuban watchmaker Ernesto Barrios saw an opportunity to make up for lost time two years ago after authorities lifted a ban on private companies that had been in place since shortly after Fidel Castro's 1959 revolution. "We don't have to import any of our materials," he said. "Years ago there was a great diversity of Russian watches in Cuba and today that watch market is empty," he said. His "Made in Cuba" watches, he said, are on display in various hotels in Havana, as well as in some stores in the Cuban capital. Reporting by Nelson Acosta, editing by Dave Sherwood and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Ernesto Barrios, Fidel Castro's, Luz, Barrios, Nelson Acosta, Dave Sherwood, Sandra Maler Organizations: Reuters, Thomson Locations: HAVANA, Cuban, Cuba, wristwatches, Havana, Soviet Union

☆ COVID-19 fraudsters bought fancy cars, a Pokemon card - even a private island
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: +9 min

Patrick Parker Walsh is serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy the island. Instead, he's serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy Sweetheart Island. They potentially plundered more than $280 billion in federal COVID-19 aid; another $123 billion was wasted or misspent. They've created special "strike forces " to hunt down COVID-19 aid thieves and vowed not to give up the chase. A few weeks after Oudomsine applied for the pandemic aid, the government rushed him $85,000 to keep his non-existent business afloat.

Persons: Richard Lardner, Patrick Parker Walsh, Julio Aguilar, he's, fraudsters, Donald Trump, Ivanka Trump, James Brady, Trump, Alex Wong, Bob Westbrooks, Westbrooks, They've, Lisa Monaco, General Merrick Garland, Garland, David Weiss, Hunter Biden, Joe Biden, Drew Angerer, Konstantinos Zarkadas, Cartier, Zarkadas, Lee E, Price III, Price, Vinath Oudomsine, Oudomsine, Mickey Mantle, Dudley H, Bowen, Patrick Walsh's, Walsh, Jamie Lovemark, Kevin Lamarque Organizations: Press, AP YANKEETOWN, Associated Press ., James, Getty, YouTube, U.S . Justice, Top Justice Department, U.S, U.S . Department of Justice, Rolex, Houston, Associated Press, National Transportation Safety Board, Bethany Locations: Yankeetown, Fla, Sweetheart, Coast, Florida's, Florida, Associated Press . WASHINGTON, DC, U.S, Washington ,, Las Vegas, Tennessee, Vermont, COVID, Washington , DC, New York, Houston, Georgia, America, Bethany Beach , Delaware

☆ How Hermès Turned a Dog Collar Into a Bag
▼ + stars: | 2023-11-08 | by ( Lindsay Talbot | ) www.nytimes.com time to read: +1 min

In 1821, a 20-year-old innkeeper’s son named Thierry Hermès, who grew up in the German textile town of Krefeld, moved to France’s Normandy region and apprenticed as a saddler. Eleven years later, he opened his own workshop in Paris, where he sold harnesses, bridles and saddles crafted with a stitch that can only be done by hand. After the advent of the automobile, Thierry’s grandson Émile-Maurice Hermès expanded the company’s offerings to include driving accessories and luggage trunks, as well as clocks and wristwatches with leather casings and straps. In 1923, the house even introduced a collection of dog collars, which were elaborately decorated with leather studs, metal looped rings and fringed trimmings. They became so popular that women began wearing them as belts; as the story goes, the French couturier Marie Callot Gerber, whose dogs wore the collars, commissioned Hermès to reinterpret them as wrist cuffs.

Persons: Thierry Hermès, Émile, Maurice Hermès, Marie Callot Gerber, Hermès Locations: Krefeld, Normandy, Paris

☆ German museum employee swaps painting for fake and sells original to fund ‘luxury lifestyle’
▼ + stars: | 2023-09-29 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —A German museum employee swapped out a painting with a fake and then sold the original to buy luxury goods, including a Rolls Royce and expensive wristwatches, according to a Munich court. During that time, he stole “Das Märchen vom Froschkönig” (The Tale of the Frog Prince) by Franz von Stuck, replaced it with a fake and put the original up for auction. He lied to a Munich auction house, saying the painting had once belonged to his grandparents or great-grandparents. “Das Märchen vom Froschkönig” (The Tale of the Frog Prince) by Franz von Stuck. One of the works was sold via auction and the other was purchased directly by the auction house, netting him another 11,490 euros ($12,184).

Persons: ” “, ”, “ Das, Franz von Stuck, Eduard von Grützner, Franz von Defregger, “ Organizations: CNN, Royce, Deutsches Museum, Ketterer, ” Locations: Munich, Swiss

☆ Here's why Rolex watches are so expensive and how the brand gained its luxury status
▼ + stars: | 2023-04-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

With their precision manufacturing, specially sourced materials, and exceptional craftsmanship, Rolex watches have never come cheap, but neither were they out of financial reach for 1960s working professionals in search of perfect timekeeping and technical innovation. "Back then, anybody could afford a Rolex," Hess told Insider. Dealers would buy luxury watches in Switzerland to carry across the border and sell in Italy. That reputation has helped Rolex crush the competition with a quarter of the luxury watch market — more than double that of runner-up Omega. "They all buy the little wannabe Rolex brands in the beginning and finally, when they achieve success, they buy that Rolex."

☆ Gordon Moore, Intel Co-Founder and Author of Moore’s Law, Dies at 94
▼ + stars: | 2023-03-25 | by ( Asa Fitch | Don Clark | ) www.wsj.com time to read: 1 min

Gordon Moore , the electronics pioneer who co-founded Intel Corp. and whose groundbreaking theories defined the tempo of innovation in semiconductors, has died at the age of 94. A 1965 article by Mr. Moore published in the trade journal Electronics predicted the pace of miniaturization in computer chips and anticipated the development of home computers, smart wristwatches, automatic controls for cars and other inventions as electronic components etched on squares of silicon become smaller, faster and cheaper. Moore’s Law, as his prediction became known, proved a remarkably accurate observation about how quickly engineers would create advances in digital technology that have led to countless fixtures of modern life.

☆ North Korea Wants Dollars. It’s a Sign of Trouble.
▼ + stars: | 2022-12-09 | by ( Choe Sang-Hun | Pablo Robles | ) www.nytimes.com time to read: +18 min

Media Korean Studies 2016 2008 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Media Korean Studies 2008 2016 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Under Mr. Kim, North Korea has opened a new terminal at the city’s international airport, renovated subway stations and opened new amusement parks. Missile tests this year alone cost North Korea hundreds of millions of dollars, according to estimates by South Korean and American researchers. An array of cell phones, assembled in North Korea with components imported from China, is on sale and advertised on state TV.

☆ Younger Chinese are spurning factory jobs that power the economy
▼ + stars: | 2022-11-21 | by ( David Kirton | ) www.reuters.com time to read: +8 min

For his father's generation, factory work was a lifeline out of rural poverty. For Zhu, and millions of other younger Chinese, the low pay, long hours of drudgery and the risk of injuries are no longer sacrifices worth making. Factory bosses say they would produce more, and faster, with younger blood replacing their ageing workforce. But offering the higher wages and better working conditions that younger Chinese want would risk eroding their competitive advantage. Yet young workers are vital to keep production moving.

☆ Pakistan election commission bars former PM Khan from holding public office
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +1 min

Pakistan's former Prime Minister Imran Khan speaks at an event of Karachi Bar Association in Karachi on October 14, 2022. Pakistan's Election Commission disqualified former prime minister Imran Khan on Friday from holding public office after its tribunal found him guilty of unlawfully selling state gifts given by foreign dignitaries and heads of state, a lawyer for Khan said. Faisal Chaudhry, a lawyer in Khan's team, said the Election Commission tribunal had no jurisdiction in the matter, and said a challenge would be lodged in the high court. "The election commission doesn't have a legal authority to give a ruling in such cases," he told Reuters. After the tribunal's ruling, Khan's party spokesman Fawad Chaudhry called for supporters to come out on the streets to "topple this parliament".

☆ These are the watches worn by some of the most powerful businessmen and CEOs in the world
▼ + stars: | 2019-12-09 | by ( Frank Chaparro | Taylor Borden | ) www.businessinsider.com time to read: +1 min

For some businessmen, a wristwatch is more than a time-telling device. "In an unfamiliar city, I can approach a complete stranger and with two words eradicate any barriers: 'Nice watch.'" "A watch tells people about the type of person you are and what you value," Powell added. "The guy who wears a blinged-out gold-diamond Hublot is very different than the guy with a vintage stainless-steel Zenith chronograph." With the help of Crown & Caliber's team of experts, we've put together a list of wristwatches worn by the former and current CEOs of some of the world's most powerful companies.

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