1. How Paul Newman’s Legendary Rolex Cosmograph Daytona Was Found—and Where It’s Going Now
The Paul Newman Daytona is a remarkable watch. Unloved when it was first released, it has now become a highly sought after watch, with desirable references easily fetching hundreds of thousands of dollars. Rolex fanatics had known that the Paul Newman Daytona – the one that belonged to Paul Newman himself – was still around, and now it has finally surfaced and it will go under the hammer this October at a Phillip’s auction in New York. I won’t spoil the origin story of this landmark watch for you, so hit the link below to go read it.
Source: The Wall Street Journal
2. Interview: Mike Tay
Mike Tay might not be a familiar name to most readers, but he is an industry stalwart who has been in the watch business since the late ’90s. He is currently the Managing Director of The Hour Glass, one of the largest watch retail groups in South East Asia, with over 40 stores across 9 cities. In this wide-ranging interview, Mike talks about his early days in the watch business and about how he roped in to help turn the business around during the financial crisis of the late ’90s. He also shares his thoughts about the recently concluded auctions in Geneva.
Source: A Collected Man
3. Buying a New Watch? Don’t Even Think About Investment Value
Don’t believe everything that the sales people at the store tell you. Watches can be investment pieces, but the operative word here is “can.” The truth is that it is incredibly hard to predict which watches will appreciate in value. Did the few people who saw beauty in the Paul Newman Daytona know that they were buying a future classic in the late ’60s? It is highly doubtful. The fact with buying new watches is this: don’t think about investment value. Instead, think about the joy you will derive from seeing the watch on your wrist.
Source: Time and Tide Watches
4. Why Hong Kong’s Richest Man Wears a $500 Watch
Li Ka Shing is not only Hong Kong’s richest man, he is also the richest man in Asia and the 18th richest man in the world. According to Forbes, he has an estimated net worth of over $30 billion and his sprawling business empire spreads across industries like shipping, real estate, telecommunications, manufacturing, retail, and more. But despite his incredible wealth, he is famous for being thrifty and for his very plain and practical dressing. For decades, he was known for wearing a simple Seiko, but he recently upgraded. What watch did he upgrade to?
Source: Bloomberg
5. Before Heritage Was Cool – An Overview of Seiko’s Incredible Historical Collection From 2000
Vintage-inspired watches and modern reissues are some of the hottest trends of the past few years. This trend gained steam around 2012 when Tudor unveiled its first Heritage Black Bay watch. And now, the vintage-inspired bandwagon has been joined by many other brands such as Longines, Oris, Omega, and more. But unknown to most readers, Seiko actually picked up on this trend way before everyone else when in 2000, it released not one, but seven modern reissues of its most important watches. Check out this epic historical collection here and find out what the seven modern reissue watches were.
Source: Worn and Wound