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Andy Hoffman

Andy Hoffman

Fortune

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Rolex seller shares soar after strong U.S. sales—despite it being an 'underdeveloped market'

Watches of Switzerland Group reported a 14% increase in sales in its fiscal fourth quarter. That helped total sales rise 3% — to $482 million.

16.05.2024 60

Fortune

Andy Hoffman

Time's up for Rolex? Cartier and Omega watches are holding their value better on the resale market

Average prices for Cartier watches are lower than Rolex and Patek Philippe, with many models changing hands for less than $5,000.

08.05.2024 80

Fortune

Andy Hoffman

Rare Rolex from the collection of Auro Montanari sold for $3.5 million in Monaco

The Rolex 4113, produced in 1942 and one of just 12 ever made and nine known to exist, was sold on Saturday at the Monaco Legend Group auction.

22.04.2024 20

Fortune

Andy Hoffman

Rolex's 'Pepsi' and 'Starbucks' outperform despite a halt in the luxury watch index

All of the watch models that gained in value continue to trade well above their retail prices, although they are extremely difficult to buy new at a...

10.04.2024 10

Fortune

Andy Hoffman

Michael Schumacher's family puts eight watches up for sale

The watch is "arguably the most important Vagabondage F.P. Journe ever made,” Remi Guillemin, Christie’s head of watches in Europe and the US...

20.03.2024 20

Fortune

Andy Hoffman

Rolex dodges the luxury slump with a record $10bn in sales last year, Morgan Stanley says: 'No other luxury brand can claim such a dominant position'

Rolex had "greater sales than that of the five following brands Cartier, Omega, Audemars Piguet, Patek Philippe and Richard Mille combined.”

29.02.2024 10

Fortune

Andy Hoffman

'I believe that we will never see this ever again': High-flying Swiss luxury watch makers grounded as the great pandemic splurge peters out

Turbocharged demand for timepieces boosted Swiss watch exports to a record $28.5 billion in 2022. Now the main growth is in cheaper timepieces.

08.12.2023 10

Fortune

Andy Hoffman

British American Tobacco says its U.S. cigarette brands are worth $32 billion less and it's basically because of Gen Z

The maker of Lucky Strikes is taking the non-cash impairment to reflect the diminishing carrying value of the brands over the next 30 years. 

06.12.2023 20

Fortune

Andy Hoffman

British American Tobacco says its U.S. cigarette brands are worth $32 billion less and it's basically because of Gen Z

The maker of Lucky Strikes is taking the non-cash impairment to reflect the diminishing carrying value of the brands over the next 30 years. 

06.12.2023 50

Fortune

Andy Hoffman

John Lennon’s Patek watch resurfaces years after suspected theft—and it’s one of world’s most valuable timepieces

Yoko Ono is now embroiled in a legal dispute over the watch, which could be valued at well over $4.5 million.

08.09.2023 2

Fortune

Andy Hoffman

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