Month: April 2018
Third Time’s a Charm: Five Perks and Positives of the Baselworld Fair
It feels to me that Baselworld – the once raven-haired, blue-eyed star quarterback/student body president/drama club lead of the world’s watch and jewelry trade fairs – has recently been reduced to the smelly kid in class who brings tuna for lunch and occasionally chews his erasers. In other words, it’s become quite unpopular. And yet, many of us have been convinced that if we want to be successful in this industry, we need to get to know it better; to find the good in it, even if others don’t necessarily agree. And that’s exactly what I set out to do when I signed up for my third ever visit to the fair.
The City, Itself
This year I made the decision to get into the city a day earlier than I usually do and it was the best travel choice I’ve made in the last three years. Basel – two days before press day – was quiet and snowcapped and genuinely lovely.
What many don’t realize is that Basel is the third most populous city in Switzerland (behind Zürich and Geneva) and is historically significant for a variety of reasons, including that the first ever museum that showcased art to the public – the Kunst – happens to be located there. A word of advice, however: make sure you pronounce the name of the museum correctly to the local cab drivers. If not, well, it can be quite offensive. Or so I’ve heard.
And while I agree with many of my colleagues that some of the city’s restaurants raise their prices significantly while the fair is in town, I don’t find the rates to be all that different than touristy restaurants in San Francisco or on the strip in Las Vegas (how’s that forty-dollar martini at The Wynn working out for ya?). I’ve succumbed to the fact that Basel is pricey, but it’s a price I’m willing to pay once per year to be able to walk away with the information I’m given. Maybe it’s naïve, but I’m also still at the “you have to spend money to make money” stage of my career.
But first, Let Me Take a Wristie
Think about this for a minute… if you’re one of the handful of people who can afford to get yourself to Basel or who works for a company that will either partially or fully pay for your journey, you’re a rare breed, and Baselworld – for all of its quirks – can be quite an extraordinary experience if you allow yourself to get past the show’s lackluster Wi-Fi and lack of places to sit.
One click on the #Baselworld2018 hashtag on Instagram will pull up nearly 50,000 posts, with likely 90% of those being wrist shots, or “wristies”, which means you are amongst the watch-loving elite, and that means solid, interesting conversations, wristwatch comparisons, and potential selfies with celebrities like KISS drummer Eric Singer or Instagram sensation Anish Bhatt – aka @watchanish – who is always happy to take one.
It’s Like Living in a Benetton Ad!
The diversity of Baselworld is truly one of the show’s greatest attributes. Think of it like a trip to the United Nations but slightly less stuffy and with a lot more champagne and much nicer suits. The conversations being had leading up to the turnstiles alone are enough to make you think you’ve mistakenly woken up at the foot of The Tower of Babel, but that’s also the beauty of the show and proof that the world can come together in peace and harmony if we could just find something to love as a people; and in the case of Baselworld, that something just happens to be the Grand Seiko Hi-Beat 36000.
Let’s Not Forget, “The Presence of Greatness”
I think the saddest part for me about some of the negativity I’ve read about Baselworld is that people out there are assuming what brands like Rolex and Patek Philippe want, or what they’re eventually going to do as it pertains to showing at the fair, and to be honest, I don’t believe anyone really knows. But as it stands right now, if you’re a retailer or a journalist or a collector, and you want to see the new releases as they come out from either of the aforementioned watch industry titans as well as many others, then finding a way to get yourself to Basel is what you’re going to have to do, at least, for now. If these brands aren’t complaining when they’re spending millions upon millions to be there, then why should we? They invite us out for dinners, let us hang out at their top-shelf-stacked bars inside of their beautifully-decorated booths and show us a grand ol’ time while showing us their brand-new timepieces (Pepsi GMT, anyone?), so who are we to say what they should do or what we would do if we were in their positions? I’m all for letting the big boys think for themselves, because after well over a hundred years of being in business, I’m fairly certain they know what they’re doing.
Come on… Admit it… There’s Nothing Like Les Trois Rois
You can go ahead and build Geneva up all you want, but there is just something about being in a bar where you can barely move, breathe, or hear yourself think with 350 of your closest international friends. For me, Les Trois Rois is like a family reunion; with a twenty-plus-year background in jewelry sales, marketing, and media, I know almost all of the American jewelry retailers and buyers personally. But that also means I can’t move three inches in one direction without being recognized (at 5’10”, I’m pretty easy to spot), and that’s usually when the hugs, stories, and drinks start flowing.
This year I surprisingly stuck to a “one drink at the Three Kings” rule for myself and it worked out beautifully. That rule allowed me to be at the bar long enough to buy Luc Pettavino a beer, have a brief conversation with collector Gary Getz about what happened when I tried to buy Luc Pettavino a beer, and network one end of the bar to the other before bidding my friends a fond “auf wiedersehen/au revoir”. Regardless, it’s moments like those had at Les Trois Rois that separate our industry from so many of the others. We love watches, sure, but we mostly like the camaraderie that comes along with our love for watches (um, hello, RedBar anyone?) which is why the social aspect of Baselworld is just as important as the business one.
In closing, I have no crystal ball, and I haven’t been doing this long enough to feel strongly enough one way or the other about whether or not Baselworld will be around in 2020, or 2030, or 2050. For now, what I do understand is that despite the cost, I come back from the fair knowing more than I did before I left for it, and as a writer who is learning as she goes, that – to me – is worth the price of admission.