Tuesday, September 21, 2021
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BREAKING NEWS: LVMH VC contributes towards €100 million raise for Chrono24

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Funding round was led by private equity giant General Atlantic with participation from Aglaé Ventures, a technology-focused venture capital firm backed by Groupe Arnault, the controlling shareholder of LVMH.

CORDER’S COLUMN: Chrono24 could be the luxury watch world’s first unicorn

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Aglaé Ventures' participation in a €100 million funding round announced today is a sure sign that the luxury world has crossed the Rubicon when it comes to ecommerce and the potential of Chrono24 in what CEO Tim Stracke once told me would be a "winner takes all" market.

Prices plateau for hottest Rolex, Patek Philippe and Audemars Piguet watches

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After a first quarter surge, driven mainly by rumors and then confirmations of discontinued watches, prices for the world's hottest watches from the likes of Rolex, Patek Philippe and Audemars Piguet are starting to cool.

Chrono24 and Chronext are reportedly racing to go public

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Reuters quotes unnamed sources from both German companies in a report saying that the pre-owned luxury watch specialists are heading for the stock market.

Novelties and nixed models drive price rises for Rolex, Omega, Patek...

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Chrono24 is reporting extreme volatility for watches fueled by concurrent announcements and rampant rumours of model discontinuations.

Chrono24 hires CFO with experience of taking digital businesses public

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Stephan Kniewasser, while CFO at Teamviewer, laid the groundwork for an IPO that valued the business at $5.78 billion.

Patek Philippe 5711 price rockets 50% since news of its discontinuation...

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Exclusive data from Chrono24 shows the power of internet rumors drove a massive spike in prices.

CORDER’S COLUMN: $155,697 for discontinued Patek Philippe Nautilus 5711? Are you...

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Market reacts to Patek Philippe's hottest reference of the past decade, the sporty steel Nautilus 5711/1A-010, being culled.

Rolex GMT-Master II comes out on top as brand triumphs on...

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Three weeks after the pandemic hit, sales numbers began to rise rapidly around the world and have since remained stable at about 13% above pre-coronavirus levels with Rolex leading the way in this sense.

Pre-owned luxury watch market is worth $18.6 billion and growing fast

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Boston Consulting Group says that the global market for hard luxury items — primarily watches and jewelry — is worth €21 billion today and growing at 8% per year.