Evan Zimmermann
Evan Zimmermann
Born
New York City
NationalityAmerican
Occupation(s)Businessman, investor and philanthropist

Evan Zimmermann is an American businessman, investor and philanthropist. He was the president and CEO of Antiquorum, a Swiss auction house, established in 1974, that specializes in watches.[1][2]

Career

Zimmermann is known for developing and implementing brand growth strategies. In 2008, he purchased Antiquorum, an international auction house based in Switzerland, in a $30 million deal.[3]

Over the next 10 years, the company experienced growth in its auction sales from $37 million to $90 million. Zimmermann was instrumental in solidifying Antiquorum's position as the largest watch auction house in the world.[4][3]

Under his management, Antiquorum sold Mahatma Gandhi's pocket watch for just under $2.1 million,[5] Steve McQueen's Rolex Submariner for $234,000 (more than 20 times its estimate), setting a new world record for its reference,[6][7] and Albert Einstein's Longines wristwatch for $596,000 (over 2000 percent of its estimate).[8][5] In February 2014 Zimmermann expressed his delight about the fervent participation of Asian clients in a Hong Kong auction of a Platinum Patek watch which sold for $800,000.[9]

In 2018, after an initial minority investment in the company's European operations, FIDES Business Partner, a private equity firm based in Zurich, Switzerland, bought Antiquorum from Zimmermann for $154 million.[3]

Zimmermann has been recognized by Forbes as an important collector of vintage Rolex watches[10] and as one of the major investors in fashion industry startups.[3] He developed an interest in the fashion industry through his family brand Zimmermann, and has made investments in numerous companies, including Farfetch, Rent the Runway, and Glossier.[3]

Being interviewed by CBS television
With artist John "Crash" Matos

References

  1. ↑ Antiquorum source: www.antiquorum.com
  2. ↑ Chan, Stephanie (December 16, 2014). "Elvis watch leaves the building for $45K". Jeweller. Retrieved July 29, 2021.
  3. 1 2 3 4 5 "Top Three Investors Who Take Chances On Startup Fashion Brands". VMan. July 20, 2021. Retrieved July 29, 2021.
  4. ↑ "Art & Photography news and auction sales". Paul Fraser Collectibles. Retrieved May 5, 2017.
  5. 1 2 Lankarani, Nazanin (March 24, 2011). "Collectors' Items Bring Spectacular Returns". The New York Times. ISSN 0362-4331. Retrieved July 29, 2021.
  6. ↑ "Steve McQueen's Rolex Brings Record $234,000". WatchTime. June 12, 2009. Retrieved July 29, 2021.
  7. ↑ Solomon, Michael. "Exclusive: The Secret History of Steve McQueen's Rolex Submariner". Forbes. Retrieved July 29, 2021.
  8. ↑ "Auction: Einstein watch Sells for Over 2000% of its Estimate & Patek Philippe Watch Sells for Over $1.5 Million Dollars! – Watchluxus". November 9, 2013. Archived from the original on November 9, 2013. Retrieved July 29, 2021.
  9. ↑ Michelle Graff (February 25, 2014). "Platinum Patek sells for $800K in Hong Kong". nationaljeweler.com. Retrieved May 23, 2023.
  10. ↑ "Collections: Vintage Rolexes". Forbes. February 29, 2008. Retrieved July 29, 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.