Eterna Matic

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What a beautiful idea! I think though you would find it very difficult indeed to get any relevant financial information with which to consider a bid properly from Citychamp (or Porsche, for that matter) unless you put serious money on the table upfront, and they had a strategic wish to sell. The latter I doubt, as they seem to be building a brand portfolio of which Eterna is only a small part, and it might even entail unacceptable loss of face. I imagine the way in would be discreetly to persuade them into a profitable design-driven joint venture. From my reading of a recent neighbouring thread, I wonder whether @mzinski, @Nobel Prize or @Foo2rama would have any advice for you?
https://www.eterna.com/
 
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What a beautiful idea! I think though you would find it very difficult indeed to get any relevant financial information with which to consider a bid properly from Citychamp (or Porsche, for that matter) unless you put serious money on the table upfront, and they had a strategic wish to sell. The latter I doubt, as they seem to be building a brand portfolio of which Eterna is only a small part, and it might even entail unacceptable loss of face. I imagine the way in would be discreetly to persuade them into a profitable design-driven joint venture. From my reading of a recent neighbouring thread, I wonder whether @mzinski, @Nobel Prize or @Foo2rama would have any advice for you?
Lol I’d talk to @abrod520 about that.
 
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What a beautiful idea! I think though you would find it very difficult indeed to get any relevant financial information with which to consider a bid properly from Citychamp (or Porsche, for that matter) unless you put serious money on the table upfront, and they had a strategic wish to sell. The latter I doubt, as they seem to be building a brand portfolio of which Eterna is only a small part, and it might even entail unacceptable loss of face. I imagine the way in would be discreetly to persuade them into a profitable design-driven joint venture. From my reading of a recent neighbouring thread, I wonder whether @mzinski, @Nobel Prize or @Foo2rama would have any advice for you?

Interesting side of this pandemic. A lot of entrepreneurship.

I have been involved on acquiring brands. It’s only as easy or difficult as the people behind them. There’s no one size fits all approach.

so you have to approach the current brand holders and see where they are at.

taking this particular case aside You normally find:

1- brand is gone and you just have to deal with paperwork cost
2- brand stakeholders are willing and happy to deal and their personal level of wealth will determine their need to make an extra dime from you.
3- they love your idea and will either partner with you or
4- steal it from you.

in the latter two cases your record on actually achieving something may determine the outcome. Not necessarily on a straight forward way. Sometimes the idea that someone may achieve greatness out of their brand will set a fire going on their bellies.

So, be ready for all Possibilities. In your case the success of failure of Eterna may affect their current brands so they may prefer to park it until they are ready to do something for it.

first approach is hire lawyers to research the copyright and status of the brand. ( sometimes businesses forget to file paperwork)

second assess interest on selling without disclosing your intent.

You don’t need to “sell “ them on anything because if you do... then they have the power and control to buy the whole thing away from you.

last, if they just are not interested on selling; You can approach them with a business plan and concept where they could partner with you. Before that point consult a copywright and trade legal team
To see what portion of your concept, if any, can be secured to you.

I don’t see any of the described points that would fit that bill but I’m not a lawyer.

BUT, if you have a cool plan, a good team that can execute or has a proven record... then I have seen times where a brand holder has partnered or given control to someone to elevate a concept.

Good Luck.
 
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I got sniped last night by just £10 with 4 seconds to go, still licking my wound (if it was somebody on OF, congrats, and I call DIBS 😁). Does anyone know how rare / common this variation is? Didn't find many hits googling it.

 
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I got sniped last night by just £10 with 4 seconds to go, still licking my wound (if it was somebody on OF, congrats, and I call DIBS 😁). Does anyone know how rare / common this variation is? Didn't find many hits googling it.

I was watching this but the price in my humble opinion skyrocketed obscenely high. You didn't get sniped by 10 Pounds per se. Someone simply had a maximum bid higher than your bid. His automatic bid triggered by your bid upped it by 10 pounds. There is no way of telling his maximum bid.
 
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I was watching this but the price in my humble opinion skyrocketed obscenely high. You didn't get sniped by 10 Pounds per se. Someone simply had a maximum bid higher than your bid. His automatic bid triggered by your bid upped it by 10 pounds. There is no way of telling his maximum bid.

Thanks for your comments. As I looked up paid prices for for Eterna chronometers on eBay I found out that the exact same watch was sold just a few weeks ago for £260 with only 2 bids (same scratches on the case and marks on the inside of the case back polished away but still visible). So the new seller made a handsome flipping gain by posting sharper pictures and making up a nice marketing story about having it bought from a collector friend blabla and 13 bidders jump on it incl. myself.
 
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Interesting side of this pandemic. A lot of entrepreneurship.

I have been involved on acquiring brands. It’s only as easy or difficult as the people behind them. There’s no one size fits all approach.

so you have to approach the current brand holders and see where they are at.

taking this particular case aside You normally find:

1- brand is gone and you just have to deal with paperwork cost
2- brand stakeholders are willing and happy to deal and their personal level of wealth will determine their need to make an extra dime from you.
3- they love your idea and will either partner with you or
4- steal it from you.

in the latter two cases your record on actually achieving something may determine the outcome. Not necessarily on a straight forward way. Sometimes the idea that someone may achieve greatness out of their brand will set a fire going on their bellies.

So, be ready for all Possibilities. In your case the success of failure of Eterna may affect their current brands so they may prefer to park it until they are ready to do something for it.

first approach is hire lawyers to research the copyright and status of the brand. ( sometimes businesses forget to file paperwork)

second assess interest on selling without disclosing your intent.

You don’t need to “sell “ them on anything because if you do... then they have the power and control to buy the whole thing away from you.

last, if they just are not interested on selling; You can approach them with a business plan and concept where they could partner with you. Before that point consult a copywright and trade legal team
To see what portion of your concept, if any, can be secured to you.

I don’t see any of the described points that would fit that bill but I’m not a lawyer.

BUT, if you have a cool plan, a good team that can execute or has a proven record... then I have seen times where a brand holder has partnered or given control to someone to elevate a concept.

Good Luck.

Honestly I'd just reissue Eterna designs from the past, which they probably own the rights to. A 39 or 40mm modern version of the orignial 1958 Kontiki to start (40 sounds big, but keep in mind the large steel bezel around the dial. If you've ever tried on a Grand Seiko Hi-Beat, you'll catch my drift)

Hell if I could convince them to do that I wouldn't need credit or commendation of any kind - I just want to wear it. The issue is, they seem hell-bent on yucky 44mm mall watches
 
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See if you can find out who the artistic director is for the brand and send him an email with some nice pictures on it as a fan. You never know how much you may inspire them.
 
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Thanks for your comments. As I looked up paid prices for for Eterna chronometers on eBay I found out that the exact same watch was sold just a few weeks ago for £260 with only 2 bids (same scratches on the case and marks on the inside of the case back polished away but still visible). So the new seller made a handsome flipping gain by posting sharper pictures and making up a nice marketing story about having it bought from a collector friend blabla and 13 bidders jump on it incl. myself.

Interesting. I was following this one as well but wasn't going to pay more than $300. Wish I had seen it the first time it was for sale!
 
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Honestly I'd just reissue Eterna designs from the past, which they probably own the rights to. A 39 or 40mm modern version of the orignial 1958 Kontiki to start (40 sounds big, but keep in mind the large steel bezel around the dial. If you've ever tried on a Grand Seiko Hi-Beat, you'll catch my drift)

Hell if I could convince them to do that I wouldn't need credit or commendation of any kind - I just want to wear it. The issue is, they seem hell-bent on yucky 44mm mall watches
They did these 2 in 2014 I think it was in 42mm. Also a matching white face.
There's a couple on ebay now. NIB ~$1800
 
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They did these 2 in 2014 I think it was in 42mm. Also a matching white face.
There's a couple on ebay now. NIB ~$1800

42 is a bit too much of a dinner plate for a 3-hander, plus that date function is nasty.
 
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They did these 2 in 2014 I think it was in 42mm. Also a matching white face.
There's a couple on ebay now. NIB ~$1800

They are gorgeous
 
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Thanks for your comments. As I looked up paid prices for for Eterna chronometers on eBay I found out that the exact same watch was sold just a few weeks ago for £260 with only 2 bids (same scratches on the case and marks on the inside of the case back polished away but still visible). So the new seller made a handsome flipping gain by posting sharper pictures and making up a nice marketing story about having it bought from a collector friend blabla and 13 bidders jump on it incl. myself.
What was the final price? 😉 Regarding your original question the dial is rare. I have seen this type most often in Omegas and Tissots. Advertised as linen, waffle, waffled, honeycomb and guilloche dial.
 
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What was the final price? 😉 Regarding your original question the dial is rare. I have seen this type most often in Omegas and Tissots. Advertised as linen, waffle, waffled, honeycomb and guilloche dial.

It was sold for £435 in the end.
 
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I got sniped last night by just £10 with 4 seconds to go, still licking my wound (if it was somebody on OF, congrats, and I call DIBS 😁). Does anyone know how rare / common this variation is? Didn't find many hits googling it.


😗
Joining the herd...

774310-18df1870e8e990a4ff757a7a2f085ea8.jpg
 
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This subject is something that I was thinking about for some time after learning that Eterna brand is/was owned by HK/CN capital. Interesting read about ownership structure of Eterna.
https://seekingalpha.com/article/4235259-something-smells-fishy-citychamps-swiss-subsidiaries
Keen to know, if they went through another bankruptcy recently or changed ownership. I would not say that the demand for their products in 2020 was good and it will not look so pretty going into 2021 already missing the smartwatch boat and pretending that they are not a worthy competition. They have a history of ignoring the competition as industry and most probably it will end like during the quartz revolution.

https://www2.deloitte.com/content/d...tte-ch-en-swiss-watch-industry-study-2020.pdf
EDIT: BTW you guys are one of the factors impacting their industry - pre-owned watches market 😉
Edited:
 
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😗
Joining the herd...

774310-18df1870e8e990a4ff757a7a2f085ea8.jpg
Very nice! 😉 I don't know if I could resist, if one of those vintage Eterna "rainbow" Chronometer would be coming my way! 😉 What movements inside? 😉