The biannual event is taking a break to allow an independent auditor to investigate how the funds it has raised are handled.
Vintage Watch Dealer Eric Wind Wants to Help You Replace the Crystals on Your Classic Rolexafter his son passed away from Duchenne Muscular Dystrophy, has raised millions intended for research to accelerate treatment of the rare genetic disease since 2005. The charity asks watchmakers—with nearly every heavyweight in the business participating from Patek Philippe to F.P. Journe—to make unique timepieces that it can sell to raise money for the cause.
”The company then also sent over a simple document from the Société Général, a French financial group headquartered in Paris, signed by an official at the group’s branch in Monaco confirming that the funds were still held by AMM. “We will continue to move forward, providing even more information on the virtuous and extraordinary actions we have achieved thanks to this dynamic,” Pettavino said in a statement announcing the sale’s postponement on Monday.
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