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☆ Watch maker Patek Philippe launches first new collection in 25 years
▼ + stars: | 2024-10-18 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +1 min

Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Patek Philippe's new collection also includes new cufflinks, designed to match the watches with a white-gold frame that reflect the case's shape. Patek Philippe, founded in 1839, is often referred to as one of "The Holy Trinity" in watch making, along with Audemars Piguet and Vacheron Constantin. The brand's last new collection before the Cubitus line was back in 1999 when it released the Twenty~4 design.

Persons: Patek Philippe, it's, Audemars Piguet, Vacheron Constantin, Patek Locations: Swiss

☆ UBS launches its experiential "House of Craft" campaign in New York as Credit Suisse integration continues
▼ + stars: | 2024-10-18 | by ( Julia Hood | ) www.businessinsider.com time to read: +6 min

UBS launched its global "House of Craft" initiative at an event in New York City in October. AdvertisementIn a SoHo townhouse in New York City, UBS launched its global "House of Craft" initiative, an experiential campaign that honors the tradition of craftsmanship. AdvertisementConvening around craftNew York City's legacy of fine craftsmanship made it the choice destination for UBS's first "House of Craft" event. James Miller, who said he collects micro-brand timepieces, wore a Henry Archer watch to the "House of Craft" event. "This is a brand campaign, but it's one very clearly associated with making sure more people are positively thinking about us," he said.

Persons: —, Carmelo Anthony, Daniel Dae Kim, Ginny Wright, Audemars Piguet, Jean, Claude Biver, John McDonald, McDonald, Sergio Ermotti, Ermotti, Prophet, James Miller, Henry Archer, Julia Hood Miller, Nathan Desloover, Todd Snyder, Julia Hood, I've, Desloover, I'm Organizations: UBS, Credit Suisse, Service, NBA, Audemars, TAG, Suisse, Swiss, Publicis Groupe, Suisse hasn't, Horological Society of New Locations: New York City, Swiss, Americas, UBS's, Asia, Latin America, New York, York, Horological Society of New York, Detroit

☆ These 10 watches make the smartest investment pieces
▼ + stars: | 2024-10-12 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

The secondary watch market has declined over the past two years. But watches from the Big Three brands — Rolex, Patek Phillipe, and Audemars Piguet — are still reselling for higher than their retail prices. Advertisement2024 has not been kind to the watch market. Meanwhile, inventory is flooding the resale market as those who purchased watches as an investment when the market was hot rush to cash out. Prices on the secondary market are dictated by supply and demand.

Persons: Patek Phillipe, —, Morgan Stanley, Patek Philippe, Charles Tian, Audemars, Paul Altieri, Tian, Rüstmann, Chrono24 Organizations: Big, Rolex, Service Locations: WatchCharts

☆ See Tom Brady's million-dollar watch collection that's headed to auction, including a custom Audemars Piguet
▼ + stars: | 2024-10-02 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

In December, Tom Brady will auction five pieces from his luxury watch collection at Sotheby's. AdvertisementSeven-time Super Bowl champion Tom Brady is passionate about more than just football. The auction comes amid fluctuations in the luxury watch industry. AdvertisementWhile Sotheby's has the third-most watch sales among auction houses this year, with more than $72 million in sales so far, EveryWatch reported, that's a steep decline from the auction house's $155 million in watch sales last year. Here are the five pieces from Brady's collection that are heading to auction, with estimated values ranging from $12,000 to $800,000, per Sotheby's.

Persons: Tom Brady, Audemars Piguet, Patek Philippe, —, I've, Brady, Sotheby's, EveryWatch, Sylvester Stallone's, Philippe Grandmaster, Tom, Richard Lopez Organizations: Rolex, Service Locations: Sotheby's

☆ Tom Brady to put his watch collection up for sale at Sotheby’s
▼ + stars: | 2024-10-01 | by ( Jessica Golden | ) www.nbcnews.com time to read: +3 min

Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. Tom Brady’s Audemars+Piguet watch up for auction at Sotheby’s. Sotheby’sIt wasn’t until Brady’s first Super Bowl in 2002 that his collection really took off. The highlights of the sale include a white gold and diamond-set flying tourbillon Royal Oak with bracelet by Audemars Piguet. The auction houses are also investing more in watches, with the major auction houses increasing their watch lots by 50% over last year, according to EveryWatch.

Persons: Tom Brady, ”, Philippe, Audemars Piguet, “ I’ve, ” Brady, “, timepieces, Richard Lopez, Sotheby’s, Tom Brady’s, Brady’s, Brady, Richard Mille, Baby Nadal, Philippe Nautilus, Brahm Wachter, EveryWatch Organizations: Rolex, IWC, Netflix, Super, National Football, Tampa Bay Buccaneers Locations: Sotheby’s

☆ Tom Brady to put his watch collection up for sale at Sotheby's
▼ + stars: | 2024-10-01 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Legendary quarterback Tom Brady is putting his valuable watch collection up for sale. The seven-time Super Bowl champion's collection will be available this December through auction house Sotheby's as part of "The GOAT Collection: Watches and Treasures from Tom Brady." "I'm excited to give fans and collectors a chance to own and cherish these special pieces from my journey just like I have." Brady said his passion for timepieces began in high school after his parents gave him his first watch as a graduation gift. It wasn't until Brady's first Super Bowl in 2002 that his collection really took off.

Persons: Tom Brady, Philippe, Audemars Piguet, I've, Brady, timepieces, Richard Lopez, Sotheby's, Brady's Organizations: Rolex, IWC

A man convicted in the murder and robbery of Philadelphia rapper PnB Rock at a famous Los Angeles eatery was sentenced Monday to 31 years to life in prison. Los Angeles County Superior Court Judge Connie Quinones read his sentence Monday at the Compton Courthouse. Moore said an "extensive amount" of jewelry was taken from PnB Rock in the deadly robbery. NBC Los Angeles reported that Trone is a South Los Angeles gang member. On Monday, Los Angeles County District Attorney George Gascón said in a statement that Trone's affirms that justice will prevail for PnB Rock's loved ones.

Persons: PnB, Freddie Lee Trone, Connie Quinones, Trone, Rakim Hasheem Allen —, Winston McKesson, Michel Moore, Moore, Tremont Jones, Shauntel Trone, Freddie Lee's, George Gascón, Trone's, PnB Rock's, Gascón Organizations: Prosecutors, Los Angeles Police, NBC News, NBC Locations: Philadelphia, Los Angeles, South Los Angeles, Los, NBC Los Angeles, Los Angeles County

☆ 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

☆ How to buy your first luxury watch
▼ + stars: | 2024-05-03 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

Learn the lingoJust like buying a car, there are some technical terms prospective watch buyers can benefit from knowing. Parts of the watchCrown: Small knob found on the side of the watch used to change the date and time. Automatic movement: A mechanical watch that does not need a battery to move, it relies on movement from the wearer to wind. Buy a watch for the right reasons and consider what you need from itDon’t get sucked into hype around a watch. See if the designer made any othersWhile on the lookout for a watch to wear to his wedding, Pang saw a six-figure Audemars Piguet watch.

Persons: you’ve, it’s, Patek Philippe, Cartier, Vacheron Constantin, Sotheby Asia’s, Joey Luk, Charles Frodsham, “, ”, Johnathan Chan, you’re, Helbert Tsang, Tim Stracke, don’t, Luk, Carlos Pang, Pang, Gerald Genta, Chan, … Organizations: CNN, Rolex, Horology, Facebook, IWC, ” Locations: haute, Hong Kong, Geneva

☆ The pre-owned luxury watch market is thriving
▼ + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +11 min

Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.

☆ Legendary Formula 1 driver Michael Schumacher’s watch collection is going on sale
▼ + stars: | 2024-04-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +4 min

CNN —Eight of Formula One legend Michael Schumacher’s luxury and personalized watches are going up for auction – and they could sell for more than $4.8 million in total. The Rolex stainless steel Paul Newman Daytona watch was named after the Daytona International Speedway in Florida, according to auction house Christie's head of Watches Remi Guillemin. Christie's Images LTD. 2024The collection will form part of Christie’s traditional rare watches auction, consisting of vintage and modern pieces of high-caliber watchmaking from brands such as Audemars Piguet, F.P. Christie's Images LTD. 2024The platinum Vagabondage 1 watch was also a gift from Todt, but for the following Christmas. “These watches (are) for people who are following Formula One, who have followed, like I have, Michael Schumacher when he was racing.

Persons: Michael Schumacher’s, ”, Remi Guillemin, “ We’re, Paul Newman Daytona, Journe, Paul Newman, Guillemin, Jean Todt, chronograph, Schumacher, Christie’s, Michael Schumacher, Todt, Ferrari, ” Guillemin, Corinna, Michael Organizations: CNN, Miami Grand Prix, Daytona, Rolex, Paris Brain Institute, Foundation, Netflix Locations: New York, Geneva, Switzerland, Florida

☆ Stop thinking your expensive watch is an investment, says Rolex boss
▼ + stars: | 2024-04-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Secondhand watch prices have tumbled since the Federal Reserve started raising interest rates. His comments as secondhand watch prices slide after spectacular pandemic-era growth. Watch prices started dropping as the Federal Reserve started raising interest rates. Dufour, who's been Rolex CEO since 2015, also told NZZ he's expecting a "challenging" year. Luxury watch companies such as Rolex, Patek Philippe and Audemars Piguet can't necessarily cut prices to stimulate demand, he added.

Persons: Jean, Frédéric Dufour, NZZ, —, Dufour, who's, NZZ he's, Patek Philippe, Audemars Piguet, Thierry Stern Organizations: Rolex, Federal Reserve, Service, Swiss, NZZ

☆ The Fall of the Timepiece Gentleman, the Luxury Watch Dealer Who Ran Afoul of the Feds
▼ + stars: | 2024-02-04 | by ( David Kushner | ) www.businessinsider.com time to read: +29 min

Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.

Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, —, Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes

☆ 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

☆ Arnold Schwarzenegger’s undeclared watch fetches $294K at climate auction
▼ + stars: | 2024-01-19 | by ( Morayo Ogunbayo | ) edition.cnn.com time to read: +1 min

CNN —The wristwatch that landed Arnold Schwarzenegger in detainment at Munich Airport on Wednesday raised €270,000 ($294,000) after being sold at a dinner in Austria for his charity, the Schwarzenegger Climate Initiative. The event, which raised €1.31m in total, was attended by US Climate Envoy John Kerry along with many other climate action visionaries. Meister said the former California governor and “Terminator” star was released and traveled on after being held for over two hours. The ATM they brought him to had a limit that was too low, and the bank was closed. When he returned, a new officer brought a new credit card machine that worked, the source added.

Persons: Arnold Schwarzenegger, John Kerry, ” Schwarzenegger, “, Thomas Meister, Meister, CNN’s Elizabeth Wagmeister, Chris Stern, Jorge Engels Organizations: CNN, Airport, Schwarzenegger, Initiative, US Climate, Munich Customs Locations: Austria, Munich, Los Angeles, California

☆ Are you sure you have nothing to declare? Let Arnold Schwarzenegger and his pricey watch be a lesson to us all.
▼ + stars: | 2024-01-18 | by ( Monica Humphries | ) www.businessinsider.com time to read: +4 min

Arnold Schwarzenegger was detained at Munich's airport after bringing a watch he planned to gift. Schwarzenegger had not declared the item, which is required by Germany's customs authority. A luxury travel agent says this is an important rule to keep in mind if you're traveling with gifts. AdvertisementArnold Schwarzenegger was detained for more than two hours at Germany's Munich International Airport after failing to declare a luxury watch, CNN reported. Advertisement"The watch will likely still be auctioned tomorrow, and the Schwarzenegger Climate Initiative will properly report it, as all of Arnold's non-profits do," the source told BI.

Persons: Arnold Schwarzenegger, Schwarzenegger, —, Thomas Meister, Meister, Michael Trager Organizations: Service, Germany's, CNN, Germany's Central Customs Authority, EU, Austrian, Schwarzenegger, Initiative, Travelers, Customs Authority's, Customs Authority, TravelZork, Travel Edge Locations: California, Munich, Kitzbuhel, Austria, d3sign, Germany

CNN —Arnold Schwarzenegger will face criminal tax proceedings after failing to declare an item upon arrival to Germany, a Munich Customs press officer told CNN Wednesday. And this process applies to everyone,” the press officer Thomas Meister said. The source said the item in question was a watch from Swiss luxury brand Audemars Piguet. Schwarzenegger was never asked to fill out a declaration form and he answered “every question from customs officers honestly,” the source said. When he returned, a new officer brought a new credit card machine that worked, the source added.

Persons: CNN — Arnold Schwarzenegger, “, ”, Thomas Meister, Meister, “ Arnold, Schwarzenegger Organizations: CNN, Munich Customs Locations: Germany, Munich, California, Kitzbuhel, Austria

☆ Rolex wants more control of its retail sales — and the move has sent shares of a top luxury watch dealer down 21%
▼ + stars: | 2023-08-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Rolex is taking over watch retailer Bucherer, giving the luxury giant more control over how its watches are sold, the WSJ reported. After the news, shares of Watches of Switzerland tanked 21%. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Bucherer, a 135-year old watch retailer based in Switzerland, runs more than 100 stores, with more than half selling Rolex products. In any case, the luxury watch market at large has gone through its own downturn in 2023.

Persons: Patek Philippe, Audemars, It's Organizations: Rolex, Service, Wall Locations: Switzerland, Wall, Silicon, London

☆ Watch Brands Borrow Some of Music’s Cool
▼ + stars: | 2023-08-09 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: +1 min

In 2022, when Mark Ronson, the Grammy- and Oscar-winning D.J., songwriter and super-producer, became a brand ambassador for the Swiss watchmaker Audemars Piguet (A.P. ), there was an element of kismet to the partnership. through music,” Mr. Ronson recalled last month on a phone call from his home in New York City. “I had to track it down,” he said. In July, the multi-hyphenate entertainer hit a high note in his relationship with the brand when, wearing a 1982 gold Royal Oak from his personal collection, he performed at a closing-night concert that he had curated on A.P.’s behalf at the Montreux Jazz Festival in Switzerland.

Persons: Mark Ronson, Audemars Piguet, “, ” Mr, Ronson, ” Organizations: Montreux Jazz Locations: Swiss, New York City, “, Paris, ”, Switzerland, Lake Geneva

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

☆ The great Rolex recession is here: How the Fed crushed the luxury watch boom
▼ + stars: | 2023-07-30 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +4 min

The WatchCharts market index and has slumped 32% from an all-time high in March last year. When the 'everything rally' was in full swing during the pandemic period, luxury watches were no exception. Preowned watch sales reached $22 billion in 2021 – nearly a third of the $75 billion luxury watch market, according to a report from Boston Consulting Group. The Rolex index is up by more than 55% from five years ago. "Luxury watches have performed well, especially over the long term, in comparison with traditional investment categories.

Persons: Patek Philippe, Audemars, Philippe, Audemars Piguet, Patek Philippes, Piguets, – Organizations: Service, Wall, Rolex, Fed, Boston Consulting Locations: Wall, Silicon

☆ Rolex makes more than 123 watch models — most of them are worth more used
▼ + stars: | 2023-07-25 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The pre-owned luxury watch market has been declining for over a year, driven largely by the top three brands. Even so, nearly three quarters of currently-made Rolex models are worth more pre-owned than new. Patek Philippe still commands the highest resale premium, though only half its models beat their retail price. Spencer Platt/Getty ImagesEighty-nine of Rolex's 123 current models included in the analysis are worth more used than new. On average, pre-owned Rolex watches cost 24% more than retail, less of a markup than pre-owned Patek Philippe, and more than that of Audemars Piguet.

Persons: Patek Philippe, Audemars, Philippe's, Rolex's, Charles Tian, Morgan Stanley, Spencer Platt, Piguet, Tian Organizations: Service, Rolex, Audemars, Oaks, Getty Locations: Wall, Silicon, New York, Swiss

☆ 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

☆ Fake Rolex watches make up half of the luxury replica market, exec says
▼ + stars: | 2023-07-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Half of replica watches are Rolex replicas, according to Watchfinder's CEO. The exec told Bloomberg that the brand sees the highest demand on replica markets. Meanwhile, prices for luxury watches have fallen near two-year lows on secondary markets. The replica watch market is getting more and more sophisticated, and roughly half the market is comprised of Rolex fakes, according to the chief executive of Watchfinder & Co. "You see replica or clone watches — very, very high quality watches — of virtually all of the big luxury brands," van de Vall told Bloomberg.

Persons: Arjen van de Vall, van de Vall, it's, Joe Biden, Michael Gapen Organizations: Bloomberg, Morning, Rolex, Watchfinder, JPMorgan, Bank, America's Locations: Swiss

☆ Americans aren't spending like they used to
▼ + stars: | 2023-06-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

You can also download the app to get notifications about our biggest markets stories. Spending has remained elevated even through the Fed's 10 straight rate hikes, but warning signs of a change have started to surface. That's going to further take the wind out of Americans' brisk spending over the last few years. From David Rosenberg to Rob Arnott, experts are sharing what the disruptive technology can mean for the economy, jobs, and stock market. The biggest companies and banks can't agree on where the stock market is heading next.

Persons: I'm Phil Rosen, You'll, let's, Derek Davis, Patek Pilippe, Audemars, Jerome Powell, Brian Moynihan, Morgan Stanley, Andy Ryan, Pablo Hernández de Cos, David Rosenberg, Rob Arnott, Stocks, Russell, Goldman Sachs, Phil Rosen, Max Adams, Hallam Bullock Organizations: Big Apple, Portland Portland Press, Getty, Rolex, Bloomberg, Bank of America, Bank of Spain, Fed, Wall Street, Royal, Nvidia, Tesla, Morningstar Locations: Madrid, Phoenix, Miami, Royal Caribbean, New York, London

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