Swatch Group Quits Basel World (Reuters)

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>>money to re-direct into something else

Yet more limited edition Speedmasters, maybe?
 
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Maybe when they announce a watch release for 2019 it will actually be available within the year...
 
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I know it's irrelevant really but I'm a bit disappointed, always enjoy following BaselWorld and Omega and Longines are among the brands I look forward to the most. Times are changing I guess, a bit like E3 for video games which seems to be becoming less relevant now.
 
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Maybe when they announce a watch release for 2019 it will actually be available within the year...

Steady now... let’s not expect them to be too innovative. 😉
 
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As a non-industry-insider, I have no clue what the significance, relevance or potential impact of this might be.

Anyone with some water-cooler theories on how it might play out and what it means for Basel World and Swatch Group?

I would assume for BW it means a big money player not spending money there so it’s a negative. I would guess it might also have some minor impact in potentially less people attending?

For Swatch I assume it means they do something different to market / release / sell their new models? Perhaps this is simply the first official negotiation tactic in an effort to lower their cost or increase their voice in how it’s run? (I have no clue, just curious)
 
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Less money for BW, the venue, and the town... but when you keep bleeding visitors dry (a sausage in a bun typically rises to 4x its regular price during Baselworld, a hotel room 3-5x), you have to expect thing to come to a head at some point.

I’ve seen this play out in the tech industry a few times, and it can kill a show when a couple of big players pull out.
 
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I think Swatch Group/Omega should funnel the budget into providing Speedy owners a ride on Blue Origin or Virgin Galactic. I can see it now, going up into space with your Speedmaster on your wrist? Heck.....who needs to keep their feet on terra firma watching Breitling's Jet team when you can strap your Silver Snoopy on your wrist and go into space. 😁
 
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I don’t think it’s bad - they could organize their own show with all the brands they have in the group...
 
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Anyone with some water-cooler theories on how it might play out and what it means for Basel World and Swatch Group?

For Swatch group it's money in their pockets - I expect they will simply keep the money that they would have spent on this show for the most part. There are far more cost effective means of getting the word out about your products, like the emails I get from Omega that seem to come several times a week these days...

For BW I think this is to be expected really, and not because of the gouging that has been referred to, although I'm sure that's a small contributor. Basel has changed a lot in even just the last 10-15 years or so. What used to be an event that had zero leaks before the show (I recall some leaks on forums caused a huge controversy back then, as agreements not to show things before the show were violated) has turned into a show where pretty much every brand has shown the majority of their watches well before the show even starts. There are some exceptions of course, but many brands simply don't wait for the show anymore.

There was a time when I would stay up late waiting for the new models to start appearing, but these days the show goes by and I basically don't notice it - BW has been losing it's cachet for a long time in my view. I think one of the problems is also because so many brands are releasing their watches all at the same time, it's hard to get noticed for some. Everything these days is blogged and reviewed so much that the brands don't necessarily need the formal "watch press" to show people what they are making as much as they did in the past.

My thoughts anyway...
 
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I think one of the problems is also because so many brands are releasing their watches all at the same time, it's hard to get noticed for some. Everything these days is blogged and reviewed so much that the brands don't necessarily need the formal "watch press" to show people what they are making as much as they did in the past.

Totally agree. These days a single Hodinkee article is probably just as effective an advertisement as Basel, if not more so. Why spend millions showcasing your collection at Basel when you can just build hype via social media and watch blogs?
 
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For Swatch group it's money in their pockets - I expect they will simply keep the money that they would have spent on this show for the most part. There are far more cost effective means of getting the word out about your products, like the emails I get from Omega that seem to come several times a week these days...

For BW I think this is to be expected really, and not because of the gouging that has been referred to, although I'm sure that's a small contributor. Basel has changed a lot in even just the last 10-15 years or so. What used to be an event that had zero leaks before the show (I recall some leaks on forums caused a huge controversy back then, as agreements not to show things before the show were violated) has turned into a show where pretty much every brand has shown the majority of their watches well before the show even starts. There are some exceptions of course, but many brands simply don't wait for the show anymore.

There was a time when I would stay up late waiting for the new models to start appearing, but these days the show goes by and I basically don't notice it - BW has been losing it's cachet for a long time in my view. I think one of the problems is also because so many brands are releasing their watches all at the same time, it's hard to get noticed for some. Everything these days is blogged and reviewed so much that the brands don't necessarily need the formal "watch press" to show people what they are making as much as they did in the past.

My thoughts anyway...

So with all this in mind. When would the obvious Apollo 11 50th limited be announced? Possibly July 20th. Interesting times indeed
 
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Totally agree. These days a single Hodinkee article is probably just as effective an advertisement as Basel, if not more so. Why spend millions showcasing your collection at Basel when you can just build hype via social media and watch blogs?

Is advertising is the primary goal of a fair like Baselworld for a watch brand?

I would have thought it’s more about the opportunity of having retailers, influencers, bloggers, customers, other important (for the brand) people from all around the globe at one place and within a short period of time to showcase the novelties and fill the pipeline.
 
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Totally agree. These days a single Hodinkee article is probably just as effective an advertisement as Basel, if not more so. Why spend millions showcasing your collection at Basel when you can just build hype via social media and watch blogs?
Just send Hodinkee a watch for them to do a week on the wrist feature. Barely costs SG anything to do that.
 
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Is advertising is the primary goal of a fair like Baselworld for a watch brand?

I would have thought it’s more about the opportunity of having retailers, influencers, bloggers, customers, other important (for the brand) people from all around the globe at one place and within a short period of time to showcase the novelties and fill the pipeline.
That’s what I thought. Unless I’m confusing it with the other show. Didn’t reichmont pull out of Basel a few years back for the other show?
Edited:
 
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Is advertising is the primary goal of a fair like Baselworld for a watch brand?

I would have thought it’s more about the opportunity of having retailers, influencers, bloggers, customers, other important (for the brand) people from all around the globe at one place and within a short period of time to showcase the novelties and fill the pipeline.

It used to be for distributors placing orders, but it seems that is less what it has been about as time goes by.

For example you don't really order from Rolex - they force you to take what they want you to take, and what you want as a retailer doesn't matter. Now not all brands work this way, but I think there are other ways of doing this don't require every distributor to trudge to Switzerland each year.

Basel is also about manufacturers of parts, manufacturing equipment, tooling, etc. to show their wares to bigger brands and generate sales, but that part of the show doesn't get much press. I'm sure the show will carry on in some form, but it likely won't be the kind of show it has been in the past...
 
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I think Swatch Group/Omega should funnel the budget into providing Speedy owners a ride on Blue Origin or Virgin Galactic. I can see it now, going up into space with your Speedmaster on your wrist? Heck.....who needs to keep their feet on terra firma watching Breitling's Jet team when you can strap your Silver Snoopy on your wrist and go into space. 😁

They're not ready to take passengers yet or probably for quite a few years. And if they did it would probably take the whole $50 million they're saving just to send one or two people. Maybe a lottery for a low orbit trip would excite buyers?
 
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Totally agree. These days a single Hodinkee article is probably just as effective an advertisement as Basel, if not more so. Why spend millions showcasing your collection at Basel when you can just build hype via social media and watch blogs?
+ another 1 - courting the key influencers of taste on a 1 to 1 basis is probably cheaper to do outside of the confines Baselworld, is more effective and already happens anyway.
RJ, TGN Boys , Chris et al - Fingers crossed there’ll now be more marketing budget available that you can get part of.