Dear all, Recently I attended a watch event and saw some amazing pieces!!
So many watches were there that this occasion felt like an auction review ! I was too busy to eat much but was totally full from viewing and inspecting so many watches. This gathering was held at the classy and elegant Gentry Club, a private members club ...
5000 pieces in inventory would be impressive if it was a family business.
It’s a little less so with the WatchBox set up. That said, having an available buyer and seller so both sides of the market is definitely a valuable resource for collectors and necessary for growth. Even if we don’t like the prices some times.
Backed by one Singaporean Private Equity firm, maybe others.
Before that I guess it was a family business with Govberg and Tay Liam Wee (Sincere) coming together. No idea how much PE owns, or what other investors there are but I’m sure that info is out there. As a business it seems to be booming, and 2020 was presu...
I'm impressed Jay, not everyone knows the setup. I'm sure the Singaporean PE owns a lot...
I don't know any of the actual numbers of course, but considering the PE brought in a huge chunk of money to fund the war-chest for this capital intensive business, I'm sure they own a lot. With the amount of money that they have, they can afford to buy o...
I guess my interest is in part due to wondering what will happen if (when) the PE money needs to exit. And what impact that might have on the market.
The “war-chest” has influenced some markets (brands) heavily, it’s a narrow group but that’s something I’m conscious of for the simple fact that I have exposure to this.
Indeed. Heavily laser targeted at Journe.
What are they going to target next? Good news, I think they're in it for a fairly long haul. So I don't imagine they're going to pull out anytime soon. BUT, if the music does ever stop... We'll all be scrambling to find chairs (musical chairs game referen...
Well the consensus seems to be DeBethune and Lange. The former being somewhat easier to raise.
I don’t think anyone would have debated that both of these may have been under appreciated. And that both deserve more eyes on them.
You are correct ! 25 starry varius ! The dial is very eye-catching in the metal !
BTW, the watch to the left of the 25 starry varius is a VC perpetual calendar with a vintage & classy look (very thin case) !
greubel and forsey
from the box of 4-the top one -which model is this one? if there are 5000 pieces that they own-what is their budget set aside for servicing and upkeep? and they would need a room on its own to house the boxes and paperwork that come with that many watches...
