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Stock impact report

This 1968 Grand Seiko Just Sold for $90,000 [Yahoo! Finance]

KERING SA UNSP/ADR (PPRUY) 
NASDAQ:AMEX Investor Relations: kering.com/en/finance
Company Research Source: Yahoo! Finance
Who would pay such a sum for a dirty, old Japanese watch from an unknown seller offering poor quality photos and not a single shot of the movement? A collector who knows their Grand Seiko history: That's who would pay over $90,000 for this watch. More from Robb Report 'It's Important to Be Very Sober': Cartier's Creative Director on What Shapes the House's Designs Only Watch Is Back and Founder Luc Pettavino Says the Embattled Auction 'Won't Be Silenced' LVMH vs Kering: Inside Bernard Arnault and François-Henri Pinault's Battle to Conquer Hollywood The watch is a Grand Seiko VFA 6185-8000. VFA stands for ‘Very Fine Adjusted' and these were the most precise watches Grand Seiko produced in the late 60s and early 70s, dialed in to be precise within -2 and +2 seconds per day (which became the Rolex standard in 2015). Even modern Grand Seiko's mechanical models cannot match the low error rates of the vintage VFA models. As such, VFA models are held in the highest regards by vin Show less Read more
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