Bill Ackman Talks Owning Bremont, and Buying a $4.9 Million Grail Watch
The Pershing Square founder speaks to Bloomberg about upping his stake in the British watchmaker and creating an ambitious plan for its future. Plus, he reveals how he quietly nabbed not just one, but two legendary watches at auction.
Bill Ackman.
Photographer: Jeenah Moon/BloombergWelcome to the latest edition of the Watch Club newsletter. I’m Chris Rovzar, the editor of Bloomberg Pursuits, and I’m glad to see you again, because I’ve got a bit of gossip.
One of the most famous anecdotes of horological history, known to many nerds, is the story of Roger Smith’s Pocket Watch No. 2. It’s a long tale, but I’ll do my best to tell it quickly. Smith, a legend in watchmaking, has an eponymous brand, Roger W Smith, that specializes in handmade timepieces that are so sought-after they can gavel for hundreds of thousands or even millions of dollars at auction.