Latest / Bloomberg Intelligence / Robb Report's Malcolmson on Rare Minute Repeater Watches(Audio)

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Robb Report's Malcolmson on Rare Minute Repeater Watches(Audio) · Bloomberg Intelligence

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  Speaker 1: taking stock the lux Life on Bloomberg Radio, The Lux Life, Yes,
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  Speaker 1: the Lux Life. When it comes to telling time, sometimes
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  Speaker 1: you don't even have to look at your watch, you
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  Speaker 1: can just hear what it has to say. And James
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  Speaker 1: Malcolmson is the watch editor of The RAB Report, and
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  Speaker 1: he's got something to say about a seven and a
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  Speaker 1: half million dollar rare minute repeater watch from Fetique. Philip,
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  Speaker 1: thanks very much for being with us. James are good
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  Speaker 1: so telling people what exactly is a minute repeater. Well,
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  Speaker 1: a minute repeater is to watch the chimes of the
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  Speaker 1: time mechanically. It's actually one of the oldest types of
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  Speaker 1: watch complications, which means an extra action on the watch
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  Speaker 1: besides telling the time. And it's really all about the
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  Speaker 1: good sound. And they put these companies put an enormous
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  Speaker 1: amount of resources into getting just the right sound. And
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  Speaker 1: we're going to have eleven of these watches actually in
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  Speaker 1: one place, which is an extraordinary, extraordinarily rare occasion. They're
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  Speaker 1: so rare you never see them in one place. What
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  Speaker 1: is the striking mechanism inside of a repeater watch? How
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  Speaker 1: does it make the sound? Well, it actually has a
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  Speaker 1: little hammer inside. It's a small polish metal hammer that
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  Speaker 1: strikes a wire like gong that goes around just inside
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  Speaker 1: the watch case, and that that gong is made of
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  Speaker 1: high carbon steel and it's a resonant. But the sound
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  Speaker 1: you hear is not just the gong. It's actually the
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  Speaker 1: entire watch that acts a little bit like a guitar,
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  Speaker 1: and it takes a long long time to tune them up. Now,
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  Speaker 1: is there something that we need to understand in terms
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  Speaker 1: of it being a minute repeater rather than a watch
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  Speaker 1: that strikes the wars or the minutes. Well, minute repeaters
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  Speaker 1: do it on demand, so the watch has to know
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  Speaker 1: what time it is and then it has to activate
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  Speaker 1: the strike mechanism. So that's most watches, as he may know,
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  Speaker 1: they just spend the hands around the dial at a
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  Speaker 1: certain speed to tell the time. They don't actually know
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  Speaker 1: what time it is like a digital watch. Might these
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  Speaker 1: watches know what time it is and they'll strike it
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  Speaker 1: on demand. That's a minute repeaters. They strike the hours,
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  Speaker 1: the quarters in a minute. They're actually beautiful to hear.
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  Speaker 1: Is the sort of provenance of a minute repeater or
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  Speaker 1: any kind of repeater watch connected to the introduction of
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  Speaker 1: electric light. In other words, you'd be able to hear
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  Speaker 1: the time, not just see the time. Well, these things
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  Speaker 1: were made first in the mid seventeenth century, and that
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  Speaker 1: was back before gas light, so there actually was a
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  Speaker 1: need to hear the time before you could actually see
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  Speaker 1: your watch, so they did have a practical purpose, but
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  Speaker 1: they were all they've always been very expensive, so only
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  Speaker 1: a gentleman or a noble could have board one. Tell
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  Speaker 1: us about Protect Philippe and their minute repeaters, Well, Protect
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  Speaker 1: philip has been around for about a hundred and seventy
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  Speaker 1: six years UM. They're generally considered to be the most
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  Speaker 1: prestigious of the complicated mechanical watchmakers, and they've been making
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  Speaker 1: minute repeaters throughout their history. Most of their repeaters that
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  Speaker 1: are on the market now though, date from around that's
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  Speaker 1: when they really started their program again, and they've highly coveted. UM.
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  Speaker 1: They hold their value very very well in the market,
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  Speaker 1: which is unlike most watches. What kind of money are
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  Speaker 1: we talking about for a premier minute repeater, Well, the
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  Speaker 1: watches will have range from about three thousand dollars for
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  Speaker 1: the most affordable one, and they go up. The ones
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  Speaker 1: we have will go up to about eight hundred twenty
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  Speaker 1: five thousand, but they can go up into the two
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  Speaker 1: million dollar mark. There was one that was introduced last
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  Speaker 1: year that goes at that high as the As the
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  Speaker 1: market for high end watches becomes larger and more popular,
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  Speaker 1: is there any demand to make more of these minute repeaters? Well,
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  Speaker 1: I'll watch companies try and industrialize their processes so they
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  Speaker 1: can make watches more easily, and that's actually been a
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  Speaker 1: problem in the industry. Uh. The nice thing about minute
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  Speaker 1: repeaters though, a traditional minute repeater has to be tuned
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  Speaker 1: by hand, so there's only so much industrialization you can do,
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  Speaker 1: and that keeps the numbers down. And for those people
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  Speaker 1: that own them, that's a nice thing because that means
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  Speaker 1: the value will probably stay with him for a long time.
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  Speaker 1: How can people learn more about how a minute repeater
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  Speaker 1: actually works? Is there a class? Is there a program
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  Speaker 1: that you can participate in so that you can actually
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  Speaker 1: come away learning what goes on inside your watch? Well,
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  Speaker 1: you can go online. The companies do some education, and
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  Speaker 1: of course the media uh does a good job both
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  Speaker 1: on the web bend and in print. As we do
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  Speaker 1: UM will actually be showing how the mechanism works. So
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  Speaker 1: when we broadcast this and that will be a three
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  Speaker 1: o'clock on Tuesday on rob report dot com, and are
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  Speaker 1: there any other watch companies like Adam RP, Gay and
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  Speaker 1: Bulgarie that make these kinds of watches. You know, most
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  Speaker 1: of the top watch companies do make minute repeaters. It's
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  Speaker 1: always been the top three traditional companies Bashawn, Constance and
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  Speaker 1: Protect Police than Odomaraguey, who generally been regarded as producing
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  Speaker 1: the best traditional minute repeaters. But a lot of companies
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  Speaker 1: are getting into the game now. I want to thank
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  Speaker 1: you very much James Malcolmson. He is the watch editor
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  Speaker 1: for the rob Report giving you details about a minute
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  Speaker 1: repeater watch. This is Bloomberg taking stock of luxury. Was
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