Style / World of Watches (WOW)

IWC Funds School For Underprivileged Thai Youth

The watchmaker gives back to those in need, thanks to the sale of its luxury timepiece.

Jul 03, 2016 | By Vimi Haridasan

It always feels good to give back to the community and those less fortunate. The wonderful folks at IWC Schaffhausen must feel the same. This year, the brand has chosen to work alongside Antoine de Saint-Exupéry Youth Foundation, as they usually do. The collaboration will bring the underprivileged youth of the country’s Karen population the necessary professional training.

With the opening of the Hospitality & Catering Training Centre in Mae Sot, the luxury Swiss watchmaker and the foundation are hoping to bring the future of the country’s minority population out of the poverty cycle. Bringing the youth into the hospitality sector not only aims to provide job opportunities but can also be seen as a way to inject manpower in the industry.IWC-CSR-Thailand-students-2016

The facility was made possible thanks to the sale of the Pilot’s Watch Double Chronograph Edition “Le Petit Prince” in red gold that was auctioned back in November 2015. Sold for $48,752 the auction was held in Geneva by the renowned auction house Sotheby’s. This is not the first time that the watchmakers have sold a timepiece to aid in a good cause. Back in 2013, IWC auctioned off a unique Big Pilot’s Watch Perpetual Calendar Edition “Le Petit Prince” in platinum for $177,563. The sale of that timepiece, went towards financing two school buildings with a library in Ruluos, Cambodia.


 
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