Sell Watches Boca Raton
As most of us know, big watches are in style. The bigger the better in fact. Women are wearing men’s watches, and men are wearing watches meant for giants. There is no luxury watch company that better capitalized on this market than Hublot. Their most popular watch, the Big Bang, typically measures 44mm compared to a standard of 36mm. Their watches are made from both normal materials, like stainless steel or gold, to unique materials like titanium and ceramic. They have watches ranging in price from the thousands to the millions. Hublot is one of the most popular luxury brands on the market today. Sell Watches Boca Raton.
Hublot is actually a wholly owned subsidiary and its parent company is LVMH. LVMH is also known as Louis Vuitton Moet Hennessy. They had a more than $300 million in revenue last year, but times weren’t always so great for Hublot. Actually, in 1980 at their first Basel fair, they didn’t sell a single watch. It was their first time showing off the highly anticipated watch with a rubber bracelet. The bracelet took 3 years to design and they were very excited. But even though they didn’t make a sale, their first year of operations netted $2 million in revenue. Pretty good for a brand new watch company.
In 2005 the Big Bang was finally created. It was an instant success because of its large and geometric design. It soon won many awards including the “sports watch prize” at the “Watch of the Year” ceremony in Japan. Sales took off and by the end of 2006 sales were almost $100 million Swiss Francs.
In 2008 the company was acquired by LVMH for an undisclosed amount. The brand has only continued to get more popular in the years since. Today they hold the record for the most expensive watch. It is $5,000,000. It has a case and bracelet made only from diamonds and has a tourbillon movement. It should come with its own security as well.
While Hublot is a relatively young company, they have pounced on opportunities in front of them and taken advantage of a niche (big watches). Their watches are in high demand and will continue to be well into the future.
by, Seth Marcus at Boca Raton Pawn
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