Forward Momentum

Todd Searle

In a world of smart phones and atomic clocks, does mechanical watchmaking still matter? Yes, because mechanical watchmaking is an art form, a tool for self-expression, self-exploration, and a story of protecting a national identity and heritage. Independent watchmaking comprises just about 1% of Swiss watch exports and less than 1% of the total market value, yet independent watchmakers and independent brands have been one of the most dominant forces in the watch industry in the last decade. Jin me to explore the world of independent watchmaking through the eyes of those living it daily. idea33.substack.com

  1. Breaking Down the New York Auctions & New Releases with C’Q The Watch Guy

    06/20/2025

    Breaking Down the New York Auctions & New Releases with C’Q The Watch Guy

    This week on Forward Momentum, I caught up with my good friend and recurring guest C’Q The Watch Guy to unpack the state of the watch industry—from auction house trends to independent watches at auction. We covered a lot of ground: the resurgence of yellow gold, the rise of quiet product launches, the importance of collector experience, and the ongoing discussion around pricing. Auctions continue to set the tone for market values, sometimes inflating expectations, but also shining a light on standout pieces. Meanwhile, independent brands are earning real respect among educated collectors who value design and craftsmanship over just the name on the dial. We also talk about Jean-Claude Biver’s continued influence, what’s happening with brands like Urban Jürgensen and Moser, Greubel Forsey’s quiet launches, and what these shifts mean for both new and seasoned collectors. If you’re navigating the watch industry—as a buyer, seller, or curious observer—I think this conversation will offer a lot of takeaways and insights to think about over the long summer break. Key Takeaways: * Independent watchmakers are gaining momentum, and collectors are paying attention to originality and craftsmanship over legacy names. * Watch pricing is creeping higher, prompting collectors to weigh long-term value and resale potential more carefully. * Auction houses like Phillips are shaping the narrative and driving enthusiasm—but also pushing prices sky-high. * Too many SKUs and colorways are diluting product lines. Strategic restraint may win out. * The buying experience matters. It’s not just about the watch—it’s how it’s delivered, who presents it, and what story it tells. * Yellow gold is making a comeback, and brands should take note. * Quiet product drops are outperforming overhyped launches. Subtlety is back in style. * Jean-Claude Biver’s impact on the industry continues to ripple outward. * The U.S. market remains strong despite economic headwinds—especially for rare or emotional pieces. * The collector base is evolving: smarter, more diverse, and more experience-driven. Chapters: 00:00 – Auction Season Recap and What’s Coming Next 05:58 – Independent Watchmakers and the Pricing Puzzle 12:04 – Moser’s New Drops and the SKU Overload 17:48 – Inside the Auction Scene: Monaco Legends to Phillips 31:42 – New Brands, Old Problems 38:47 – What Collectors Really Want Right Now 48:56 – Can the Watch Industry Build True Community? 55:51 – What Stood Out at Phillips 01:02:18 – Rarity, Importance, and Value at Auction 01:07:37 – The Rise of Female Collectors 01:15:09 – Frustrations with Auction Houses 01:23:08 – Final Takeaways and Where We Go From Here This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit idea33.substack.com

    1h 31m
  2. Hong Kong Auction Session Breakdown with C'Q The Watch Guy

    06/05/2025

    Hong Kong Auction Session Breakdown with C'Q The Watch Guy

    I caught up with C’Quon Gottlieb, C'Q The Watch Guy, to breakdown the results from Hong Kong. We look at the strength of independent brands at auction, and the current trend towards classic watch designs. We explored the significance of the Hong Kong auctions, how the landscape of auction houses is evolving, and why timeless watchmaking continues to resonate so deeply. Our dialogue touched on the value of heritage and craftsmanship in the watch industry, and we unpacked the subtle differences between modern and vintage pieces. We also discussed the growing competition between the two, the importance of watches like the Greubel Forsey Piece D’Ecole prototype, and offered some predictions for the upcoming New York auctions at Phillips, Christie’s, and Sotheby’s. It was a deep dive into what makes luxury watches so compelling—and how market dynamics shape their appeal and value. Chapters 00:00 Introduction and CP Time Event Recap 05:56 The Strength of Independent Brands 11:57 The Value of Timeless Design 18:12 Antiquorum's Unique Approach 31:06 The Future of Watch Auctions 41:13 Antiquorum's Biggest Lot: The Grubel Forsey Prototype 47:21 Upcoming Auctions: Phillips, Christie's, and Sotheby's 54:41 Unique Picks from Sotheby's and Christie's Key Takeaways * The recent CP Time event in Dallas was a success, attracting many new faces. * Hong Kong auctions present challenges for US-based collectors due to timing. * Phillips and Christie's continue to dominate the auction scene, but new players like Antiquorum are emerging. * F.P. Journe remains a strong brand in the independent watch market, with significant auction results. * Classic round watches are currently trending, appealing to collectors seeking timeless designs. I feel like brands that are more avant-garde are going to experience stronger headwinds as we move towards more classic styling. * Antiquorum's approach to reporting auction results might be my favorite yet- they offer both the hammer and the all-in pricing for each of their lots. * Comparing modern and vintage watches can reveal interesting insights into design evolution. * Collectors are increasingly looking for intimate connections with their timepieces. * The market for independent brands is growing, with collectors willing to invest in quality. The future of watch auctions will see a battle between modern and vintage pieces. Want more? With the New York Auctions around the corner, this will be the last major event before the summer break. If you want the inside line on auctions, market shifts, and what collectors are really paying attention to, subscribe to stay in the loop. If you found this breakdown useful, share it with a fellow collector, a friend who missed out in Hong Kong, or anyone who’s curious about the independent scene. It helps more than you know. Thanks as always for reading and for being part of a community that knows that there are still great stories in watchmaking beyond the hype. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit idea33.substack.com

    1h 1m
  3. 05/21/2025

    Geneva Auction Deep Dive with C'Q_TheWatchGuy: Independent Makers, Market Sentiment & Surprises

    I asked friend and collector advisor C'Q Gottlieb of Gottlieb & Co. (@C'Q_TheWatchGuy) to jump on with me and discuss the Spring 2025 Geneva watch auctions, the evolution of watch events, and the contrasting experiences offered by different auction houses. We look at the impact of auction results on the market, the rise of independent watchmakers, and the importance of collecting knowledge. Our discussion also touches on the balance between investment and passion in watch collecting, emphasizing the need for a deeper connection to the pieces being acquired. In this conversation, we highlight significant sales and the evolving landscape of watch collecting - discussing the impressive performance of independent watchmakers like Konstantin Chaykin and the challenges faced by established brands like Richard Mille and Greubel Forsey. We reflect on the vintage Rolex market, particularly the allure of mil subs, and anticipates future auction trends as the market stabilizes. Takeaways * The Geneva watch auctions showcased a variety of lots, highlighting the return to more unique pieces at auction. * Intimate watch events are becoming rare, with larger gatherings often losing the personal touch. * Auction houses like Phillips create a theatrical experience that enhances the bidding process. * The market for independent watchmakers is growing, with collectors becoming more educated about their offerings. * Knowledge about collecting specific brands is crucial for making informed purchases. * The passion behind independent watchmaking is evident in the personal connections formed with collectors. * Investment should not be the primary motivation for purchasing luxury watches. * The landscape of watch collecting is changing, with a focus on personal enjoyment over financial gain. * Understanding the history and craftsmanship of watches adds value to the collecting experience. * The current market dynamics require collectors to be more strategic in their purchases. The auction results for independent watchmakers are promising, indicating a growing interest. * Constantine Chaikin's pieces are gaining significant support from collectors. * Richard Mille's market presence is softening, with lower auction results than expected. * Grubel Forsey is returning to its roots, focusing on traditional craftsmanship. * The vintage Rolex market remains strong, particularly for mil subs, despite its risks. * Market sentiment is shifting, with collectors becoming more cautious in their spending. * The secondary market for luxury watches is crucial for brand success. * The excitement around thematic auctions is evident, but results can vary widely. * Future auctions will be a key indicator of market health as we move into summer. * The watch industry is returning to a more realistic market after a period of inflated prices. Chapters 00:00 Introduction to the Geneva Watch Auctions 03:09 The Evolution of Watch Events 06:01 Auction Houses: A Tale of Two Experiences 08:55 The Impact of Auction Results on the Market 11:50 The Rise of Independent Watchmakers 14:57 The Importance of Collecting Knowledge 17:49 The Passion Behind Independent Watchmaking 20:54 Investment vs. Passion in Watch Collecting 27:57 Auction Highlights: A New Era for Watch Collecting 30:10 The Rise of Independent Watchmakers 32:41 Market Sentiment: A Shift in Values 34:44 Richard Mille: The Changing Landscape 39:31 Greubel Forsey: Balancing Tradition and Innovation 42:47 Vintage Rolex: The Allure of Mil Subs 48:59 Looking Ahead: Future Auctions and Market Trends Thanks for listening this week. Stay tuned for more auctions updates and breakdowns as we work our way through spring auction season. If you don’t already, please consider subscribing to my newsletter to stay up to date with my latest musings and insights on the industry. Please share this article and spread the word to fellow watch enthusiasts and collectors, or the watch curious folks in your life. Your support means the world and allows me to keep bringing value to the watch community. Thank you for being part of this journey! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit idea33.substack.com

    50 min
  4. FM Interlude - MB&F Tales From the Tribe - Episode 2 - The Power of Regrets with Todd Searle

    06/25/2024

    FM Interlude - MB&F Tales From the Tribe - Episode 2 - The Power of Regrets with Todd Searle

    What's happening, watch fans? I am excited to bring you the second episode of the MB&F Tales from the Tribe podcast in this special interlude that features me! I was honored to be asked by Max to participate in the podcast and to be the second episode. What a joy to share some time with Max and the team, and I hope you all enjoy the episode. You can find MB&F Tales From the Tribe on your podcast platform of choice! This second episode of our series features Todd Searle. Todd defines himself as a dreamer, which is the best way to talk about him. He is so passionate about artisanal watchmaking that he left everything behind to live fully in his passion, becoming one of the main directors of watchmaking documentaries in the world. Fierce protector of the spirit of entrepreneurship, he is the author of “32 Regrets : A Guide to Reclaiming Creativity”, where he talks about entrepreneurs who have successfully turned their life’s passion into self sustaining ventures, including Maximilian Büsser. In this episode, Todd talks about failure as a major key to success, his love at first sight for artisanal watches, his passion for the history of Swiss watchmaking and most of all, about creativity as a major driver in his life. ---- Tales From The Tribe is an MB&F creation, hosted by Maximilian Büsser. Production : Lacmé Studios & Converge - Author : Hugo Baiardi - Direction : Josh Vardey - Mix : Ben Auriel - Original Soundtrack : Pablo Altar-  Graphics : Maxime Schertenleib. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit idea33.substack.com

    34 min

Ratings & Reviews

5
out of 5
3 Ratings

About

In a world of smart phones and atomic clocks, does mechanical watchmaking still matter? Yes, because mechanical watchmaking is an art form, a tool for self-expression, self-exploration, and a story of protecting a national identity and heritage. Independent watchmaking comprises just about 1% of Swiss watch exports and less than 1% of the total market value, yet independent watchmakers and independent brands have been one of the most dominant forces in the watch industry in the last decade. Jin me to explore the world of independent watchmaking through the eyes of those living it daily. idea33.substack.com