{"id":16084,"date":"2018-03-23T08:00:26","date_gmt":"2018-03-23T08:00:26","guid":{"rendered":"https:\/\/www.truefacet.com\/guide\/?p=16084"},"modified":"2018-07-10T12:58:03","modified_gmt":"2018-07-10T16:58:03","slug":"biggest-flops-watch-release-history","status":"publish","type":"post","link":"https:\/\/www.truefacet.com\/guide\/biggest-flops-watch-release-history\/","title":{"rendered":"The Biggest Flops in Watch Release History"},"content":{"rendered":"
\"TrueFacet<\/a><\/div>

Here we take a look at some of the watches that had an initial lackluster reception, some that recovered in sales against all odds, and others still that provoke ire in watch collectors.<\/p>\n

Audemars Piguet\u2019s Royal Oak<\/strong><\/span>
\nWhen the Audemars Piguet Royal Oak<\/a> made its big and hotly-anticipated debut in 1972, it was quickly panned by critics.<\/p>\n

\"APPuzzled connoisseurs denounced the Royal Oak\u2019s unconventional and distinct octagonal shaped bezel. What\u2019s more is that the Royal Oak was made of stainless steel and not a precious metal like gold that was more commonly used in high-end watches of this caliber. Collectors were also particularly hung up on the Royal Oak\u2019s jaw-dropping price: 3300 Swiss Francs at the time and nearly ten times more expensive than a competing Rolex.<\/p>\n

So the tepid critics\u2019 response and the shocking price meant the Royal Oak\u2019s sales were extremely slow at the beginning; it took a full year for Audemars Piguet<\/a> to unload the first 1,000 watches. But then sentiment towards the Royal Oak started to change as some well-known and respected collectors started adding the uniquely-shaped AP watch to their collection. Then sales gradually picked up and finally<\/em> took off.<\/p>\n

Today, the juggernaut AP Royal Oak is considered Audemars Piguet\u2019s signature model and a prized piece to own, particularly among discerning collectors.<\/p>\n

Panerai X Ferrari, Ferrari Engineered by Officine Panerai<\/strong><\/span>
\nIn in the mid-2000s, Panerai <\/a>was one of the hottest \u201cnew\u201d luxury watch brands. The Italian brand had recently been relaunched by the Richemont group and was building up a fresh fan base and sales were soaring.\"Panerai So, in riding this wave of enthusiasm, Panerai partnered with Ferrari, the ultra-sexy, luxury car brand in what seemed like a mutually beneficial collaboration. (Some speculate that Panerai\u2019s executives were hesitant but the watchmaker\u2019s new parent company, Richemont, may have pressed for the brand to partner with Ferrari.)<\/p>\n

When the Panerai x Ferrari limited-edition watches first released in 2005, the watches pretty much immediately tanked. The collection\u2019s average price tag was a whopping $10,000; although Panerai watches typically retailed within that range, the Panerai brand name wasn\u2019t even listed on the watch\u2019s dial. Similarly, the Ferrari name did little to convince Panerai fans to snap up these premium watches. In turn, many nonplussed Panerai fans balked at the high cost and dismissed the watches as inferior Panerais.<\/p>\n

Needless to say, when the Panerai and Ferrari contract expired in 2010, neither party was eager to renew.<\/p>\n

Rolex Reference 6324 Chronograph, the Precursor to the Daytona<\/strong><\/span>
\n\"RolexWe are all familiar with the wildly popular Rolex Daytona<\/a>, especially on the heels of the historic 2017 auction of the $17.8 million Paul Newman Daytona.<\/p>\n

So, it\u2019s rather surprising to learn that the Daytona\u2019s predecessor, the Rolex<\/a> Reference 6324 Chronograph, had a lukewarm reception. The Rolex Ref. 6324 debuted in 1955 and largely sat on shelves as shoppers flocked, instead, to Rolex competitors who had cornered and dominated the chronograph market. The Ref. 6324 enjoyed a very limited run of roughly 500 pieces released a year until it was finally discontinued in 1961.<\/p>\n

Now, not only has the modern Daytona evolved into one of Rolex\u2019s most popular and prized models, but the Rolex Ref. 6324 model (also known as the \u201cPre-Daytona\u201d) is prized as a rare Rolex collector\u2019s item and with resale values starting at $20,000.<\/p>\n

\"ZenithZenith Defy Xtreme<\/span><\/strong>
\nThe Defy Extreme made its debut in the mid-2000s when then-Zenith<\/a> CEO Thierry Nataf wanted to break Zenith out of its seemingly dated look with something fresh, bold and daring. Enter the Zenith Defy Xtreme, one of industry\u2019s most contentious watches.<\/p>\n

The Zenith Defy Xtreme<\/a> horrified fans who felt Zenith had totally abandoned its classic aesthetics and was misguidedly chasing after a radically different clientele. The Defy Xtreme was a big sport watch and was emblazoned with Zenith logo and branding. The Defy Xtreme\u2019s existence entirely flew in the face of Zenith\u2019s tradition of elegantly low-key timepieces.<\/p>\n

Shortly after the collection\u2019s release and with Zenith sales circling the drain, Nataf was relieved of his duties as CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here we take a look at some of the watches that had an initial lackluster reception, some that recovered in sales against all odds, and others still that provoke ire in watch collectors. Audemars Piguet\u2019s Royal Oak When the Audemars Piguet Royal Oak made its big and hotly-anticipated debut in 1972, it was quickly panned […]<\/p>\n","protected":false},"author":1,"featured_media":16091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[117,479,140,480,37,209,478],"class_list":["post-16084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-audemars-piguet","tag-ferrari","tag-panerai","tag-paul-newman","tag-rolex","tag-rolex-daytona","tag-zenith"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/posts\/16084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/comments?post=16084"}],"version-history":[{"count":4,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/posts\/16084\/revisions"}],"predecessor-version":[{"id":16906,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/posts\/16084\/revisions\/16906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/media\/16091"}],"wp:attachment":[{"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/media?parent=16084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/categories?post=16084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.truefacet.com\/guide\/wp-json\/wp\/v2\/tags?post=16084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}