ESSAY
The Ticker Tape
Grand Seiko just confirmed it's retiring the entire current Evolution 9 Hi-Beat "Birch" lineup this October, same movement, new bracelet and clasp, and a roughly 23% price jump at the register. That kind of running change usually tells you something about where the outgoing watches are headed on the secondary market. I break down the math in this week's issue.Also inside: • Seiko Group's stock is up 392% over the trailing twelve months on real revenue growth, not hype • Why Grand Seiko, King Seiko, and Credor are still almost invisible at the major Swiss auction houses, even in a record year for watch auctions overall • Naoya Hida's first chronograph, and a Kurono Tokyo piece that's already flipping near double retail.