Watch maker Patek Philippe launches first new collection in 25 years [CNBC]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
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Source: CNBC
The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up luxury time pieces during the pandemic, but second hand prices have more recently slumped. The new lineup from Patek Philippe includes three different models, two in steel casings and one in platinum, and is meant to “offer a new reinterpretation of the ‘elegant sporty' style,” according to a press release . The two steel versions, one two-toned with rose gold to create a more vintage feel and the other purely steel, play into the line's sporty inspiration and feature colorful faces. The third model separates itself with a platinum casing and different face design, including a large-format
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