International News
Sotheby’s Geneva to hold auction of UFO-themed watches
Sotheby’s Geneva is to hold an “out of this world” auction of UFO-themed watches.With Area_51, Sotheby’s and heist-out, founded by Maxime Couturier and Lorenzo Maillard, are moving the Rough Diamonds concept into space with a UFO-themed watch exhibition beginning on April 1, followed by an evening reception on April 2 and a live auction of 51 lots on April 3.
Among the highlights is a Rolex Starship Gold, circa 1980, featuring an elongated, UFO-shaped oval dial in a “rare deviation from the brand’s aesthetic”.There’s also a Ressence Type 3AM, circa 2017, the first ever watch filled with oil, to ensure the display is readable from any angle, and a number of unconventional timepieces from Audemars Piguet and Patek Philippe.
Another highlight is the Ressence Type 3AM, a groundbreaking 2017 model known for being the first watch filled with oil, a feature that enhances legibility from any viewing angle. The collection will also include avant-garde designs from prestigious brands such as Audemars Piguet and Patek Philippe.
While Sotheby’s has yet to release official price estimates, collectors and enthusiasts can expect a truly out-of-this-world bidding experience.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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