Limited edition Patek Philip Tiffany watch sells for $6.5 million

December 14, 2021

The first of 170 limited edition Patek Philippe Tiffany & Co. Nautilus watches sold for $6.5 million at auction on Saturday. That figure was 120 times the timepiece’s retail price. “The Tiffany Blue Nautilus is, without a doubt, amongst the most exciting, exclusive, and coveted examples of a Nautilus ever offered,” said Paul Boutros, head of watches at Phillips Americas.

Recent News

Premium and Healthier Food Options Gain Traction

As consumers become more mindful of their spending, the global sales of cooking ingredients and meals saw a notable increase of 4.4% in 2023, driven by inflation and higher commodity prices, according to Euromonitor International. This trend underscores a shift in consumer behavior towards more economical choices while still showing a preference for premium, healthier, and environmentally sustainable options.

Dairy Manufacturers Inc. Issues Voluntary Recall of Baby Formula

In a significant move, Dairy Manufacturers Inc., a Texas-based company, has initiated a voluntary recall of several baby formula products after they were found to be noncompliant with U.S. Food and Drug Administration (FDA) regulations. The recall encompasses all lot codes of three specific products: Crecelac Infant 0-12, Farmalac 0-12, and Farmalac 0-12 Low Lactose. This announcement was officially published on the FDA’s website on Saturday.

Fitness Equipment to Become $18.4 Billion Market

The global fitness equipment market is projected to reach $18.4 billion by 2033, growing at a CAGR of 3.02% from 2024 to 2033, according to Allied Market Research. Key drivers include the integration of Internet of Things (IoT) technology in fitness devices and the rise of corporate wellness programs. IoT-enabled equipment captures workout metrics in real time, enhancing user engagement and offering personalized insights. Corporate wellness initiatives promote physical activity in the workplace, increasing demand for fitness equipment in corporate gyms.