Black alligator leather strap with hand stitches
Pink gold folding buckle
Art Basel is a decidedly high-end event. Its principle sponsor is of course a bank (UBS), and a select group of major sponsors such as Ruinart champagne, Davidoff, Netjets, and Audemars Piguet are brands which are indicative of the demographic of people who wander the halls admiring or critiquing art of all varieties.
By the early 20th century, the Swiss watch industry was comprised of larger manufactures (etablisseurs) which were assembling complete watches mostly from purchased parts and movement kits and workshops (ateliers) which specialized in either making different parts or building ébauches. In practice, this meant that a number of ateliers were making very specific components (such as the balance spring, mainspring and other parts that demanded great precision and expertise) while other workshops were building semi-assembled watch movements (ébauches). Ébauches are movements that contain most basic structural elements but are not equipped with a mainspring or the escapement. You might rightfully ask, "If everyone had been making parts and unfinished movements, then who built watches?" The answer is that the blank movements, as well as all other components, were sold by these independent workshops to watch assembling firms (etablisseurs) who then modified, decorated, fully assembled and regulated them for their own timepieces. However...