Collectors will remember the city of Venice as the inspiration for the Swiss watchmaker Ulysse Nardin’s famous San Marco minute repeater. This year, the company’s newest limited-edition minute repeater illustrates the city’s world-famous carnival with two automata, in the form of masked figures standing in front of the Rialto Bridge on the Grand Canal. Depicted in cloissoné enamel—an intricate technique practiced by few artisans today—the figures lift their masks in sync with the activated movement, which has …