Watch for six million francs: watch auction's records |
On November 11, 52 unique watches went up for auction by Christie's Auction House in Geneva. The watches were part of the only pure-charity watch auction held every other year, called Only Watch. This year, the auction totaled CHF 10.776 million - with three watches comprising the lion's share of the event.

For the second time in a row at Only Watch, a Patek Phlippe watch was the top star. The unique titanium Minute Repeater Chronograph Perpetual Calendar Patek Philippe 5208T watch made for the 2017 Only Watch, took the top bid, with a hammer price of CHF 6.2 million, with the experts' estimation of from 900,000 to 1.1 million. This difference was compensated by a visit to the workshop and the museum of the brand, as well as a personal meeting with Patek President Philippe Thierry Stern. History does not record what they discussed.
Ranking as the most expensive F.P. Journe watch sold at auction to date, the F.P. Journe Chronographe Monopoussoir Rattrapante watch achieved a hammer price of CHF 1.15 million. It was sold for three times its estimated price, which was expected to be between CHF 200,000 and 400,000 CHF.
Coming in third with a hammer price of $800,000, the Audemars Piguet Royal Oak Perpetual Calendar Only Watch has a unique color combination. The Royal Oak case, bezel and bracelet are all created in black ceramic. The watch was expected to fetch between CHF 80,000 and 100,00, so it achieved at least eight times its expected estimate.
One important result is the new world record for a Tudor wristwatch. The previous record was set at Only Watch 2015, when the unique Black Bay One sold for CHF 375,000, more than 100 times is low estimate. It was the first and only unique-piece watch made by Tudor. The second unique-piece watch by Tudor, the Black Bay Bronze One with left-handed crown, sold today at Only Watch 2017 for a whopping CHF 350,000, once again destroying its estimate.
This year, the Russian actor Konstantin Chaykin took part in the auction for the first time. His "Joker" watch was bought for CHF 45,000, exceeding the initial cost (10,000-15,000) by three times. The watch changes its "mood" every minute, "Joker" manages to make thousands of different grimaces for 24 hours. On the rim of the case, there is a symbol of luck - a "big five" poker hand.
An MB&F Horological Machine No. 8, in white gold with titanium and a sapphire crystal engraved with a drawing created by a 15-year-old artist, sold for $210,907 (CHF 210,000). Inspired by the Canadian-American Challenge Cup (Can-Am)—a turbo-charged car racing series that began in 1966 and ran for two decades—the HM8 evokes the silhouettes of the Porsche, McLaren, and BRM sports cars that dominated the competition. The model, which boasts a 42-hour power reserve, pays homage to the series with two distinctive features: a fully visible movement that has been flipped around so the rotor sits on top(calling to mind the cars' giant, exposed engines), and polished roll bars (milled from a solid block of grade 5 titanium) that taper at the back for a sleek and memorable aesthetic. To read the time, simply look to the vertical displays on the “dashboard” of the watch, where optical prisms reveal the bi-directional jumping hours and trailing minutes.
Hublot prepared the Big Bang Unico Sapphire Usain Bolt watch for the Only Watch auction. The case is made of sapphire crystal with gold details. Gold was used to cover the marks and arrows, in addition, screws on transparent whitish are also made of this material. The clock was named after the athlete Usain Bolt, who won three gold medals at the Olympics in Rio. His portrait can be seen at 9 o'clock. The watch was estimated at CHF 50,000-80,000 but went under the hummer for 150,000.
The next unusual lot was WESTEP Watch Reference 100. It was created by the graduates of the watchmaking school WOSTEP in Neuchâtel, Switzerland. The watch with the W-01 caliber with manual winding in a 54 mm steel case is decorated with 16 signatures of the school graduates. Its final cost, CHF 50,000, exceeded the initial, 10,000-22,000, by half.
Both prominent names in independent watchmaking but with drastically different styles, Urwerk and Laurent Ferrier have come together to create the Arpal One, a unique wristwatch for charity auction Only Watch 2017. Their joint product - The Arpal One - became one of the most expensive at the last auction. It was sold for CHF 100,000 with the estimated price of 50,000-70,000. The watch case is made of Arpal + material, which was designed specifically for novelty. It contains 75% of precious metals and, compared to white gold or steel, is more resistant to wear and scratches.
The price of Breguet Classique Quantique Perpéturel En Ligne Only Watch 2017 exceeded the mark of CHF 100,000 by 10,000. The initial cost was CHF 80,000-100,000. The watch is presented in a case of yellow gold and equipped with a linear perpetual calendar, the self-winding movement is decorated with hand-made engraving. The owner of the watch had the opportunity to visit the workshop of the brand, accompanied by a guide.
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Watch for six million francs: watch auction's records |
On November 11, 52 unique watches went up for auction by Christie's Auction House in Geneva. The watches were part of the only pure-charity watch auction held every other year, called Only Watch. This year, the auction totaled CHF 10.776 million - with three watches comprising the lion's share of the event.

For the second time in a row at Only Watch, a Patek Phlippe watch was the top star. The unique titanium Minute Repeater Chronograph Perpetual Calendar Patek Philippe 5208T watch made for the 2017 Only Watch, took the top bid, with a hammer price of CHF 6.2 million, with the experts' estimation of from 900,000 to 1.1 million. This difference was compensated by a visit to the workshop and the museum of the brand, as well as a personal meeting with Patek President Philippe Thierry Stern. History does not record what they discussed.
Ranking as the most expensive F.P. Journe watch sold at auction to date, the F.P. Journe Chronographe Monopoussoir Rattrapante watch achieved a hammer price of CHF 1.15 million. It was sold for three times its estimated price, which was expected to be between CHF 200,000 and 400,000 CHF.
Coming in third with a hammer price of $800,000, the Audemars Piguet Royal Oak Perpetual Calendar Only Watch has a unique color combination. The Royal Oak case, bezel and bracelet are all created in black ceramic. The watch was expected to fetch between CHF 80,000 and 100,00, so it achieved at least eight times its expected estimate.
One important result is the new world record for a Tudor wristwatch. The previous record was set at Only Watch 2015, when the unique Black Bay One sold for CHF 375,000, more than 100 times is low estimate. It was the first and only unique-piece watch made by Tudor. The second unique-piece watch by Tudor, the Black Bay Bronze One with left-handed crown, sold today at Only Watch 2017 for a whopping CHF 350,000, once again destroying its estimate.
This year, the Russian actor Konstantin Chaykin took part in the auction for the first time. His "Joker" watch was bought for CHF 45,000, exceeding the initial cost (10,000-15,000) by three times. The watch changes its "mood" every minute, "Joker" manages to make thousands of different grimaces for 24 hours. On the rim of the case, there is a symbol of luck - a "big five" poker hand.
An MB&F Horological Machine No. 8, in white gold with titanium and a sapphire crystal engraved with a drawing created by a 15-year-old artist, sold for $210,907 (CHF 210,000). Inspired by the Canadian-American Challenge Cup (Can-Am)—a turbo-charged car racing series that began in 1966 and ran for two decades—the HM8 evokes the silhouettes of the Porsche, McLaren, and BRM sports cars that dominated the competition. The model, which boasts a 42-hour power reserve, pays homage to the series with two distinctive features: a fully visible movement that has been flipped around so the rotor sits on top(calling to mind the cars' giant, exposed engines), and polished roll bars (milled from a solid block of grade 5 titanium) that taper at the back for a sleek and memorable aesthetic. To read the time, simply look to the vertical displays on the “dashboard” of the watch, where optical prisms reveal the bi-directional jumping hours and trailing minutes.
Hublot prepared the Big Bang Unico Sapphire Usain Bolt watch for the Only Watch auction. The case is made of sapphire crystal with gold details. Gold was used to cover the marks and arrows, in addition, screws on transparent whitish are also made of this material. The clock was named after the athlete Usain Bolt, who won three gold medals at the Olympics in Rio. His portrait can be seen at 9 o'clock. The watch was estimated at CHF 50,000-80,000 but went under the hummer for 150,000.
The next unusual lot was WESTEP Watch Reference 100. It was created by the graduates of the watchmaking school WOSTEP in Neuchâtel, Switzerland. The watch with the W-01 caliber with manual winding in a 54 mm steel case is decorated with 16 signatures of the school graduates. Its final cost, CHF 50,000, exceeded the initial, 10,000-22,000, by half.
Both prominent names in independent watchmaking but with drastically different styles, Urwerk and Laurent Ferrier have come together to create the Arpal One, a unique wristwatch for charity auction Only Watch 2017. Their joint product - The Arpal One - became one of the most expensive at the last auction. It was sold for CHF 100,000 with the estimated price of 50,000-70,000. The watch case is made of Arpal + material, which was designed specifically for novelty. It contains 75% of precious metals and, compared to white gold or steel, is more resistant to wear and scratches.
The price of Breguet Classique Quantique Perpéturel En Ligne Only Watch 2017 exceeded the mark of CHF 100,000 by 10,000. The initial cost was CHF 80,000-100,000. The watch is presented in a case of yellow gold and equipped with a linear perpetual calendar, the self-winding movement is decorated with hand-made engraving. The owner of the watch had the opportunity to visit the workshop of the brand, accompanied by a guide.
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Russian rating agency to cooperate with leading Chinese research firm |

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Bitcoin after futures: Three plausible outcomes |
After the announcement of the program providing opportunity to work with bitcoin futures, experts forecasted three plausible outcomes.

CME Group announced plans to offer a bitcoin futures contract this year. This brings it in line with Cboe Global Markets, which announced similar plans in August, and LedgerX, which began trading in bitcoin options and day-ahead swaps two weeks ago. These contracts are important steps toward integrating bitcoin with the global financial system. All three exchanges are regulated by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Experts see three possible scenarios in this situation.
The first option entails that the SEC digs in its heels and institutional money stays leery of bitcoin. In some ways this makes bitcoin more valuable, but only to a subset of people, says analysts. The cryptocurrency will likely remain illiquid and volatile.
According to the second scenario, the SEC relents and global regulators start treating bitcoin like a commodity, but there isn't interest from long-term, passive investors. As the result, Bitcoin becomes like a penny stock, subject to pumps and dumps. CME and Cboe would lose interest.
The third option, as the first one, implies that the SEC relents. There will be $50 billion flows in from long-term, passive investors over the course of 2018. Bitcoin prices might go up or down as a result, but the new prices would be real in a way the current prices are not. Stability and liquidity lead to more use, which leads to more stability and liquidity. Bitcoin becomes a standard financial commodity, and a useful part of the global financial system.
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BMW sees Q3 profit fall by 1.8% |

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BMW sees Q3 profit fall by 1.8% |

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BMW sees Q3 profit fall by 1.8% |

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BMW sees Q3 profit fall by 1.8% |

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Без заголовка |

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Five countries that could send oil prices up |


Iraq
Analysts say that the biggest risk comes from Iraq. Geopolitical tensions are rising in the country. The most recent incident includes the unexpected seizure of Kirkuk's oil fields by the Iraqi government, which disrupted some oil shipments. As a result, shipments at the Turkish port of Ceyhan, the destination for Iraq's oil exports, fell to 196,000 bpd. Economists estimate potential outage at 600,000 bpd.
Iran
The geopolitical behavior of Iran is also creating an unpredictable oil market. The major danger to Iran is a return of US sanctions, which could scare off investors and sharply reduce Iranian oil exports. According to Goldman Sachs, a few hundred thousand barrels of oil exports could be at risk. However, that is the worst-case scenario.
Libya
This OPEC member was exempted from the OPEC deal. In 2016, according to experts, the country had a downside risk for the oil market, as Libya tripled its oil production. However, damage to some of its export terminals means that production would be not more than1.25 million barrels per day. Analysts say that Libya represents a supply risk to the global oil market because of its ongoing political and economic instability.
Nigeria
Problems here are similar to Libya. It was also exempted from the OPEC supply cuts because it had high level of violence, instability and terrorism. In 2016, oil output was stable in Nigeria, hitting 1.2 million barrels per day. However, potential for further output gains is hardly possible as the country pledged to limit production when reaching the level of 1.8 million barrels per day. That was in 2017. Full-scale production is also affected by frequent terrorist attacks.
Venezuela
Experts are unanimous in the opinion that situation in Venezuela will worsen. This could spark a sharp decline in oil supplies. Without funding, state-owned PDVSA is not able to invest in new production and even maintain existing production. Experts suggest that Venezuela's oil quality has declined as it does not have funds to properly treat its heavy crude. At the same time, analysts do not rule out a possible debt default at PDVSA.
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Метки: #photo_news |
Five countries that could send oil prices up |


Iraq
Analysts say that the biggest risk comes from Iraq. Geopolitical tensions are rising in the country. The most recent incident includes the unexpected seizure of Kirkuk's oil fields by the Iraqi government, which disrupted some oil shipments. As a result, shipments at the Turkish port of Ceyhan, the destination for Iraq's oil exports, fell to 196,000 bpd. Economists estimate potential outage at 600,000 bpd.
Iran
The geopolitical behavior of Iran is also creating an unpredictable oil market. The major danger to Iran is a return of US sanctions, which could scare off investors and sharply reduce Iranian oil exports. According to Goldman Sachs, a few hundred thousand barrels of oil exports could be at risk. However, that is the worst-case scenario.
Libya
This OPEC member was exempted from the OPEC deal. In 2016, according to experts, the country had a downside risk for the oil market, as Libya tripled its oil production. However, damage to some of its export terminals means that production would be not more than1.25 million barrels per day. Analysts say that Libya represents a supply risk to the global oil market because of its ongoing political and economic instability.
Nigeria
Problems here are similar to Libya. It was also exempted from the OPEC supply cuts because it had high level of violence, instability and terrorism. In 2016, oil output was stable in Nigeria, hitting 1.2 million barrels per day. However, potential for further output gains is hardly possible as the country pledged to limit production when reaching the level of 1.8 million barrels per day. That was in 2017. Full-scale production is also affected by frequent terrorist attacks.
Venezuela
Experts are unanimous in the opinion that situation in Venezuela will worsen. This could spark a sharp decline in oil supplies. Without funding, state-owned PDVSA is not able to invest in new production and even maintain existing production. Experts suggest that Venezuela's oil quality has declined as it does not have funds to properly treat its heavy crude. At the same time, analysts do not rule out a possible debt default at PDVSA.
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Метки: #photo_news |
Five countries that could send oil prices up |


Iraq
Analysts say that the biggest risk comes from Iraq. Geopolitical tensions are rising in the country. The most recent incident includes the unexpected seizure of Kirkuk's oil fields by the Iraqi government, which disrupted some oil shipments. As a result, shipments at the Turkish port of Ceyhan, the destination for Iraq's oil exports, fell to 196,000 bpd. Economists estimate potential outage at 600,000 bpd.
Iran
The geopolitical behavior of Iran is also creating an unpredictable oil market. The major danger to Iran is a return of US sanctions, which could scare off investors and sharply reduce Iranian oil exports. According to Goldman Sachs, a few hundred thousand barrels of oil exports could be at risk. However, that is the worst-case scenario.
Libya
This OPEC member was exempted from the OPEC deal. In 2016, according to experts, the country had a downside risk for the oil market, as Libya tripled its oil production. However, damage to some of its export terminals means that production would be not more than1.25 million barrels per day. Analysts say that Libya represents a supply risk to the global oil market because of its ongoing political and economic instability.
Nigeria
Problems here are similar to Libya. It was also exempted from the OPEC supply cuts because it had high level of violence, instability and terrorism. In 2016, oil output was stable in Nigeria, hitting 1.2 million barrels per day. However, potential for further output gains is hardly possible as the country pledged to limit production when reaching the level of 1.8 million barrels per day. That was in 2017. Full-scale production is also affected by frequent terrorist attacks.
Venezuela
Experts are unanimous in the opinion that situation in Venezuela will worsen. This could spark a sharp decline in oil supplies. Without funding, state-owned PDVSA is not able to invest in new production and even maintain existing production. Experts suggest that Venezuela's oil quality has declined as it does not have funds to properly treat its heavy crude. At the same time, analysts do not rule out a possible debt default at PDVSA.
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Lagarde welcomes Macron’s ambitious reform proposals |

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Lagarde welcomes Macron’s ambitious reform proposals |

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Top 10 immigration-friendly countries |
There are easy countries to immigrate to. View the details in our article.

Today, there are some easiest countries to get permanent residency. Some of them are in Asia, others are in Europe. In general, the choice of nations to move into is quite extensive. Check out the top ten countries with the easiest immigration policies.
Vanuatu
The registration procedure is very simple and quick in Vanuatu. However, to get permanent residency, a candidate must pay a whopping $260,000. Further, an application for citizenship is submitted, which is considered within 30 days. The solution is usually positive.
The Dominican Republic
In addition to amazing nature and beautiful tropical weather all year round, visitors to this country are not required a vis. Six months after the purchase of real estate in this country, you can apply for citizenship. In this scenario, a positive solution is guaranteed.
Thailand
The requirements for getting the status of permanent resident in this country are not that demanding: you need to buy real estate, which is not very expensive, and live in Thailand for 5 to 10 years. After that, you can proceed to obtaining citizenship.
Vietnam
This country has quite complicated procedure for getting citizenship. However, the inconvenience is compensated by the possibility of a multiple visa extension. If you need a residence permit, you should get a job in Vietnam.
Montenegro
Although it is not that easy to get permanent residency in Montenegro, you can get temporary residency upon buying real estate there, not necessarily a house. The price also does not matter.
Spain
Spain is one of the easiest EU countries to immigrate to. However, buying a house is far from being cheap there (this is one of the easiest ways to obtain citizenship). Moreover, consumer prices are also rather high in Spain.
The United States
The United States remains the most desirable location for immigrants. The easiest way to obtain citizenship is to get the so-called green card (permanent resident card).
Australia and New Zealand
The easiest way to immigrate to these countries is to get a job or a student visa. Another costlier way is to invest in these nations' economies. It is noteworthy that Australian and New Zealand governments do not skimp on issuing visas to foreigners.
Israel
The easiest way to immigrate to the country is to prove your Jewish origin. However, it is worth to prepare for high prices for living and agree to convert to Judaism, the country's main religion.
Poland
Similarly, to become a permanent resident of Poland, you need to provide documents confirming your Polish origin. In this case, it is quite easy to get citizenship. More complicated ways include getting a job visa or entering into a marriage with a Polish citizen.
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Метки: #photo_news |
Top 10 immigration-friendly countries |
There are easy countries to immigrate to. View the details in our article.

Today, there are some easiest countries to get permanent residency. Some of them are in Asia, others are in Europe. In general, the choice of nations to move into is quite extensive. Check out the top ten countries with the easiest immigration policies.
Vanuatu
The registration procedure is very simple and quick in Vanuatu. However, to get permanent residency, a candidate must pay a whopping $260,000. Further, an application for citizenship is submitted, which is considered within 30 days. The solution is usually positive.
The Dominican Republic
In addition to amazing nature and beautiful tropical weather all year round, visitors to this country are not required a vis. Six months after the purchase of real estate in this country, you can apply for citizenship. In this scenario, a positive solution is guaranteed.
Thailand
The requirements for getting the status of permanent resident in this country are not that demanding: you need to buy real estate, which is not very expensive, and live in Thailand for 5 to 10 years. After that, you can proceed to obtaining citizenship.
Vietnam
This country has quite complicated procedure for getting citizenship. However, the inconvenience is compensated by the possibility of a multiple visa extension. If you need a residence permit, you should get a job in Vietnam.
Montenegro
Although it is not that easy to get permanent residency in Montenegro, you can get temporary residency upon buying real estate there, not necessarily a house. The price also does not matter.
Spain
Spain is one of the easiest EU countries to immigrate to. However, buying a house is far from being cheap there (this is one of the easiest ways to obtain citizenship). Moreover, consumer prices are also rather high in Spain.
The United States
The United States remains the most desirable location for immigrants. The easiest way to obtain citizenship is to get the so-called green card (permanent resident card).
Australia and New Zealand
The easiest way to immigrate to these countries is to get a job or a student visa. Another costlier way is to invest in these nations' economies. It is noteworthy that Australian and New Zealand governments do not skimp on issuing visas to foreigners.
Israel
The easiest way to immigrate to the country is to prove your Jewish origin. However, it is worth to prepare for high prices for living and agree to convert to Judaism, the country's main religion.
Poland
Similarly, to become a permanent resident of Poland, you need to provide documents confirming your Polish origin. In this case, it is quite easy to get citizenship. More complicated ways include getting a job visa or entering into a marriage with a Polish citizen.
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HSBC third-quarter profits rise to $4.62 billion |

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