Industry publication Jewelers Circular Keystone reports that a number of jewelers are questioning the veracity of a recent Wall Street Journal article about watch auctions.
Senior editor William George Schuster wrote, “However, some in the article challenge its accuracy and claims. Its allegations are ‘unfounded and inadequate,’ said Béatrice Howald, head of media relations and spokesperson for The Swatch Group, the world’s largest watchmaker and owner of Omega, whose bidding at Antiquorum’s Omegamania auction was singled out.
“Top luxury brand Patek Philippe ‘prefers not to validate misleading articles,’ said a statement by Patek Philippe USA, declining further comment.
“Antiquorum S.A. didn’t issue a statement, but spokesperson Karin Tasso said it’s ‘unfortunate the Wall Street Journal has gone down to the level of the boulevard [i.e. tabloid] press. Bits and pieces of sentences were taken out of context. That’s unprofessional.'”
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