Lizzo has taken over Stan Twitter with her album rollout.
She has managed to convert multiple Stan accounts to change their pfp to the photo in the first draft. 🔥
If you read anything today, please let it be this article.
Due to social media and access to instant information, teenage behavior today had fundamentally changed the way they socialize and handle conflict.
https://t.co/8Tjls0HuQS
There aren’t adequate words to properly express the depth and scale of trump’s corruption, it’s completely on a scale of its own with no historical equivalent to point to.
Joe Budden talks about the time his manager asked JAY-Z to do the remix to “Pump It Up” but couldn’t afford the feature fee. Joe didn’t respond in the most mature way, so Hov freestyled over the beat & threw some shots at him.
“Worry, I'm, not, the Mike Jordan of the mic recording,
It's Hovi, baby, you Kobe, maybe; Tracy McGrady,
Matter-fact, you a Harold Miner,
J.R. Rider, washed up on marijuana,
Even worse, you a Pervis Ellis,
You worthless fella, you ain't no athlete, you Shawn Bradley,”
Hov later executive produced NBA 2k video game & put HIS version on it. Joe had to clear it, & he did. 💯
Part 3. Patek Philippe's official tagline since 1996: "You never actually own a Patek Philippe. You merely look after it for the next generation." The slogan is also their actual business model. The watch on Jay-Z's wrist will outlive him by design.
Patek will service any watch they have ever produced. Send them a piece from 1839 and they will restore it. The factory still uses original components, tools, and machines from across the brand's nearly 200-year history. Missing parts get rebuilt by hand. Watchmakers train for 10 to 12 years to qualify for this work. There are four Patek service institutes in the world: Geneva, New York, Shanghai, Singapore. Every watch the brand has ever sold has a record in the international archive.
Patek also buys their own watches back at auction. When a vintage Patek goes up at Christie's or Sotheby's, the brand often outbids private collectors to add the piece to their museum. The Patek Philippe Museum opened in Geneva in 2001 in a 1919 art-deco building that used to be one of their workshops. It now holds around 2,500 watches and over 8,000 books on watchmaking. They are trying to collect their own history before private collectors lock it away forever.
This changes the entire design philosophy. Most mechanical watches need servicing every 5 to 7 years to keep running well. Patek watches are designed to keep running for centuries with regular service. Every choice of material, finishing, and tolerance is made with the watch's eventual fourth-generation owner in mind. The great-grandchild of whoever buys it new.
In 1989, Patek made a watch called the Caliber 89 for the company's 150th anniversary. It took 9 years to develop. Only 4 were ever made. It has 33 separate functions beyond telling time, more than the Grandmaster Chime on Jay-Z's wrist. Two of the four have sold at auction for over $5 million each. The other two have never been auctioned. The Patek Museum holds one. The fourth is privately held and unlikely to ever surface.
The company has built a 30-year advertising campaign, a global service operation reaching back to 1839, a museum, and a watchmaker training program around one idea. The watch outlives you. The next caretaker matters as much as you do.
Jay-Z's $6.5 million Patek will outlast him. It was designed that way. Whoever inherits it will then be its caretaker, until they pass it on. That has been the thesis for 30 years.
Part 2. In 2019, a steel Patek Philippe sold at auction for $31 million. The same model in gold, the one Jay-Z wore to the Met Gala, lists at $6.5 million. Steel costs about 50 times less than gold. So the cheaper material sold for nearly 5x more.
The auction was Only Watch, a charity event for muscular dystrophy research that runs every two years. Patek Philippe builds one unique watch for it. In 2019, they made a single Grandmaster Chime in steel. Every other Grandmaster Chime ever produced has been in white gold or rose gold. Christie's set the pre-auction estimate at 2.5 million Swiss francs. Bidding opened at 5 million. Twelve minutes later, the hammer dropped at 31 million. That single sale was 80% of the entire night's total and beat the previous wristwatch record by over $13 million.
Steel is the reason for the record price. Patek almost never uses it. Their entire production runs on precious metals: gold, platinum, occasionally titanium. Steel cases account for less than 30% of their annual output, mostly the Nautilus sports models. A steel grand complication from Patek had almost never been made before this one. The handful of steel Pateks that do exist (including a 1518 chronograph that sold for $11 million in 2016) consistently outperform their gold equivalents at auction. Patek made one steel Grandmaster Chime knowing exactly what it would do.
Even at $6.5 million, you cannot just walk into Patek and buy a Grandmaster Chime. CEO Thierry Stern has stated publicly that "not everyone should get a Patek." The brand makes around 60,000 watches a year. Rolex makes about a million. To buy a Grandmaster Chime, you typically need years of purchasing history with the brand. Smaller pieces. Regular orders. A name they trust. Money alone is not enough.
All of this comes from one family. Charles and Jean Stern bought Patek Philippe in 1932 during the Great Depression. They were the company's dial supplier and stepped in to save it from bankruptcy. Today, Patek is still privately held by the Stern family, has never gone public, and has confirmed receiving acquisition offers from luxury conglomerates. German bank Berenberg estimated Patek could sell for $10 billion. Thierry Stern, Charles's great-grandson, has refused. His own children represent the fifth generation.
Their entire business model depends on producing fewer watches than the world wants. Increasing supply would solve a lot of problems. They will not increase supply.
At Patek, the price is the easy part. Getting permission to buy is the rest.
A standard Rolex has about 200 moving parts. The Patek Philippe on Jay-Z's wrist at the Met Gala has 1,580. Patek spent 8 years designing it. Then over 100,000 hours building the first one. About 11 straight years of someone working 24 hours a day, no breaks.
It's called the Grandmaster Chime, the most complicated wristwatch Patek has ever made. The inner mechanism alone has 1,366 parts. It fits in a circle smaller than an Oreo cookie. The outer case adds another 214 parts, and the case alone took four years to design.
In watchmaking, a "complication" is just any function beyond telling you the time. Most watches in the "grand complication" category have 5 to 7. This one has 20. When it launched, no wristwatch in history had combined that many. It tracks the phase of the moon, accurate to one day's drift over 122 years. It also has five different ways to chime: one that automatically rings the hours and quarters, one that rings only the quarters, one you press a button to hear the current time, one that rings whatever alarm time you set, and one that chimes today's date on demand. The last two had never existed in any watch before. Both were invented by Patek's own president, Thierry Stern, a trained watchmaker himself.
The chiming makes this watch nearly impossible to copy. Inside each one are tiny coiled steel wires called gongs. A single watchmaker shapes and tunes each gong by hand, testing every note with their own ears. Just putting one chime mechanism together takes 200 to 300 hours. Then the watch goes into a soundproof chamber where the chime gets recorded and compared against decades of past Patek chimes. Only then is it brought to Thierry Stern. He listens. If he doesn't like the sound, the watch goes back. Sometimes more than once. A rejected watch can take 500 hours of rebuilding before he approves it.
This watch holds four power springs in total. One is dedicated to the chimes alone, separate from the spring driving the time. Inside the mechanism is a ball bearing 7.2mm wide. It holds seven steel balls, each 0.3mm across, smaller than grains of fine sand. They handle 1,700 gram-millimetres of twisting force from the chime springs without slipping. The case has 11 holes drilled through it for buttons and pushers, and somehow none of them ruin the chamber that lets the chimes ring out clearly. The case itself flips around to show either of its two different dials.
Fewer than five workshops on the planet can build something at this level. Patek Philippe is the one all the others measure themselves against.
Jay-Z's version lists at $6.5 million. The unique steel version sold for $31 million at Christie's in 2019. It still holds the record for the most expensive watch ever sold at auction.