The ski season has started

Les Dents du Midi
The ski season in the Northern Hemisphere has well and truly started, but the snowline has retreated in recent days as warmer weather hit the Alps. Most of the resorts with skiing and snowboarding on glaciers have opened. Verbier, open at weekends to date will be fully open from this weekend.

The weather has caused havoc with the winter sports schedule, with a number of World Cup events re-scheduled. However the higher resorts are gradually opening, and colder conditions and snowfall are due this week. Les Diablerets, for example, is currently enjoying temperatures around 10 degrees Celcius, but will be below freezing by next Monday.

The World Meteorological Organisation says there is a 70% chance of El Niño developing for the ski season this year. If so, it will almost certainly bring colder temperatures and more snowfall than normal to the Alps.

For those looking ahead to Christmas, ski conditions look promising. Zermatt, for example, will see fresh snowfall most days ahead of the Christmas break.

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World Ski Awards 2018

In 1993 World Media And Events Limited launched the World Travel Awards and, buoyed by the success of this, launched the World Ski Awards in 2013. It’s only a bit of fun, although I am sure it brings business not only to the organisers but also the award winners. The approach is straightforward: votes are cast online by professionals working within the ski industry, and by ski tourism consumers, at the World Ski Awards website.
World Ski Awards 2018
Every year the awards are associated with a three day networking event, culminating in the awards ceremony, this year held in Kitzbühel over 16th-18th November. World’s Best Winners for 2018 included:

    Ski Resort – Val Thorens (France)
    Freestyle Resort – LAAX (Switzerland)
    Ski Hotel – W Verbier (Switzerland)
    New Ski Hotel – Fahrenheit Seven Courchevel (France)
    Green Ski Hotel – rocksresort, Laax (Switzerland)
    Ski Boutique Hotel – Aurelio Lech (Austria)
    Ski Chalet – Chalet Les Anges, Zermatt (Switzerland)
    New Ski Chalet – Chalet des Cascades, Les Arcs (France)
    Ski Tour Operator – Sunweb

As well as awards for the best in the world, there are also country awards, with votes for the best ski resort in Switzerland going to Verbier.
Verbier from SwissWinterSports

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End of Season Ski Report – Switzerland

I haven’t seen any figures yet, but I imagine this winter season will be one of the better ones for winter sports participation in Switzerland.

Nicholas Oatridge in Villars

And it’s not over yet! Although many resorts closed after the Easter weekend, the snow is better than I can recall it this late in the season. I am currently skiing Villars-Gryon and the depth of snow is staggering. No bare patches to speak of – even the resort run into Villars is pleasantly skiable at the end of the day. Although there are Spring ski conditions the pistes have been excellently groomed and, without the Easter crowds, the pistes are staying in good condition throughout the day.

Many resorts have held their end-of-season bashes in the assumption the snow would have gone. Villars held theirs over Easter, but plan to stay open until 15th April. My sense is that they could well stay open longer, but with so many skiers calling time on the season it is probably uneconomical.

Crans-Montana

Indeed one resort I was hoping to get to before the end of the season, Crans-Montana, unexpectedly closed all the lifts on 2nd April. With a glacier and some seriously high runs, Crans-Montana is often one of the last resorts to close, despite its largely South-facing slopes. It had over 4 metres of snow at the top and all runs open when, in what can only be described as as a fit of pique, the lift operators closed all lifts because of a dispute with local municipalities.

In an open letter , Philippe Magistretti, chairman of the ski lifts, announced the immediate closure of the Crans-Montana Aminona ski area, citing a failure of the municipalities to honour an 800,000 Franc deal.

In response, the municipalities say that the breach of which they are accused is part of an agreement “still under negotiation between all the parties involved” and “vehemently reject” Mr Magistretti’s remarks.

They go on to say that “the priority of the Communities is to minimize the negative consequences of this decision on tourists,” and are providing a free bus service to nearby Anzère. Now I like Anzère a lot, but it is a more modest, and lower, resort.

Needless to say local businesses feel they have been let down so a lot of bad blood is likely to ensue, and that’s why business need a lot of management right now and learning who gets a 1099-NEC and who doesn’t is important for many businesses.

And I won’t be going to Crans-Montana this season.

Regrettably Saas-Fee is only planning to stay open 15th April, despite it’s altitude. Verbier and Samnaun/Ischgl, however, will be open until the end of the month, and Glacier3000, St Moritz, Engelberg and Andermatt plan to stay open into May. Zermatt is theoretically an all-year resort but has already started closing some lifts, but I’ve known the valley run from Furi open well into May so I am optimistic it will be for some weeks yet.

STOP PRESS: Crans Montana has re-opened as of 6th April – although only until the official end of season on 17th April. Wouldn’t it be nice if they extended it a few days to make up for the closure?

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Beginner’s Guide – The Best Watches To Invest In

Luxury watch collectors often refer to the watches they buy as an investment. But how much of an investment can luxury watches be?

Thankfully, Global Boutique can help. This article will explore the benefits of buying an investment watch and the best watch brands to look for.

Keep reading to learn how to start investing in luxury watches and discover our top 5 watches to get you started.-

Why Invest In Luxury Watches

Choosing how to invest money can be challenging. Investing in property or the stock market can yield impressive results, but there is a significant risk factor.

An investment in a luxury watch is much less risky. It is closer to an investment in raw materials like gold or other precious metals. Not only is the watch typically made from these precious materials, but it often holds its value. This can rise at a higher rate than the raw materials themselves. Read from about the most popular replica rolex.

Like investing in whisky, watch investments give the owner a tangible asset. The value of this can increase over time due to rarity or reputation.

The price development of an investment watch will be dependent on the condition of the watch and how many were made.

Watches (in the UK) are also exempt from the capital gains tax. The tax-free aspect of luxury watch investments is particularly appealing.

Audemars Piguet Royal Oak stainless steel with a diamond bezel

Watches can be a great way to diversify an investment portfolio. You won’t have all your eggs in one basket and the saleability of some luxury watch brands makes this a more liquid asset.

Finally, a tangible asset like a luxury watch is akin to investing in fine art. You will appreciate the craftsmanship that has gone into creating them and they won’t deteriorate when properly looked after. A watch that has matured with age can be a fine asset to pass down the family line.

The Pre-Owned Watch Market

The pre-owned watch market has steadily grown over time. This is because reputable sellers provide collectors with a safe way to invest in discontinued or rare pre-owned luxury watches.

Significant global events including COVID and the war in Ukraine have had a significant impact on the watch market as a whole. This has had a knock-on effect on the pre-owned watch market.

As with any market, there will be fluctuations. The impact of trade limitations in Eastern Europe and production and distribution issues due to COVID have seen a slight dip in the market. However, this could be good news for those looking to invest.

Is now a good time to invest in a luxury watch?

Knowing when to buy and sell is key to a good investment and the pre-owned luxury watch market is currently a buyers’ market.

For example, the 5711 and 5712 Patek Philippe was trading for around £150k at their peak. These models (at the time of writing) are available for just £90k and £95k.

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