Becomes a Distributor of Renata Batteries
By Donna Hardy
NSY Kessler Sales, Inc., the North American headquarters for the Swiss-made Renata Batteries, is pleased to announce that Stuller has become authorized as a Strategic-Key Renata Battery Distributor. According to Darrell Warren, Stuller’s Vice President of Tools, Equipment, and Supplies, the addition of the Renata product line was well timed. “Our customers demand top quality and great service, and Renata is a good fit for us.”
To learn more about Renata, please contact Stuller at www.stuller.com, 800-877-7777, or Sy Kessler Sales, Inc., moc.relssekysnull@selas, 800-527-0719, renatausa.com.
The Henry Graves
Sold for $24 Million
By Donna Hardy
The Henry Graves Supercomplication watch, a marvel of early 20th-century watchmaking, sold for $24 million on November 11. It is the most expensive watch ever to sell at auction. The watch was commissioned by New York banker Henry Graves in 1925, made by Patek Phillipe, and delivered in 1933. It boasts 24 complications, including grande and petite sonnerie that emulate the bells of Westminster; a record of the phases and age of the moon; sunrise and sunset indications; a perpetual calendar; and a celestial map of the New York sky. According to Sotheby’s, it is the most advanced timepiece ever made without the assistance of computers.
According to CNN’s website, “The Supercomplication was made as the result of a friendly competition between Graves, a member of a well-known banking family, and James Ward Packard, the luxury automobile manufacturer, to see who could produce the most impressive timepiece. Packard’s attempt was a pioneering feat. It was the first ever watch to feature a sky chart, which included 500 golden stars and was centered above his home in Ohio. However, it contained just 10 complications, making Graves’ timepiece the undisputed winner with 24.”
The buyer of the watch is undisclosed.
Plans to Produce a Smartwatch
By Donna Hardy
LVMH’s biggest watch brand, TAG Heuer, plans to release a smartwatch at Baselworld, March 10, 2015, but they have divulged little else about the watch. This release is timed to align closely with the release of the Apple Watch in spring 2015.
Jean-Claude Biver, CEO of TAG Heuer’s parent company Hublot, has been quoted as saying that TAG Heuer’s smartwatch “must not copy the Apple Watch.” Biver also said, “Communications is not the business of the Swiss watch industry. We don’t have the technology. And if you don’t have the technology, you have to buy it. If you have to buy it, you’re always late.”
Last year TAG Heuer made a one-off smartwatch for members of the Oracle sailing team.
Citigroup Inc. analysts have forecast that the smartwatch market will probably expand to about $10 billion in 2018 from as much as $1.8 billion this year, funneling customers away from traditional products.
TAG Heuer also makes the luxury smartphone, Meridiist.