September 22, 2021

Discover More about Patek Philippe’s Timepieces

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Patek Philippe is and will always be one of the most prestigious watch brands in the world. Due to its long history, solid market performance, and technical brilliance. In addition, Patek Philippe’s timepieces are highly valued among watch collectors for the tremendous amount of craftsmanship in their creations. The brand embodies the pinnacle of premium timepiece design. Countless celebrities wear Patek Philippe watches from the realms of film, music, and sports as a status symbol.

 

Over 400 retail outlets and more than a dozen delivery centers across Asia, Europe, North America, and Oceania continue to distribute the high-quality timepieces. But, because of its high-valued watches, it brings up the question: Are they worth it? So first, let’s look at why their timepieces are so much more expensive than those of other brands. Then, let us also discover more about Patek Philippe’s timepieces in today’s article.

Are Patek Philippe Watches Worth the Money?

It’s critical to know the current market values while discussing Patek Philippe watch prices. When stepping and leaving into a Patek Philippe boutique with one of their flagship models like the Aquanaut or the Nautilus, for example, are the most popular models are in such high demand. As a result, market prices have risen considerably as demand for Patek Philippe timepieces far exceeds supply.

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The entry-level Patek Philippe models will appeal to most first-time Patek Philippe customers, priced between $19,000 and $30,000. The Calatrava, Nautilus, and Aquanaut families are among the alternatives available to customers within this price range. In addition, the Calatrava 5196 and Calatrava 5227 are two outstanding examples of Patek Philippe dress watches that have evolved and improved over the decades.

 

Anything with so much history, ingenuity, high-quality craftsmanship, and exclusivity is likely to be worth a lot of money, and sure, it will keep its value when your fortunate child inherits it. Moreover, something unique that will last a lifetime is a rewarding fulfillment. People increasingly recognize this kind of value with items. But whether or not a Patek Philippe is a wise investment is depends on the buyers. Whether if he is a luxury watch collector or simply a watch buyer. For a Patek Philippe, collectors are willing to pay far more than the list price.

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Patek Philippe is unquestionably one of the most prestigious timepieces of all time. With the outcomes of previous auctions, they have shown themselves when it comes to luxury timepieces. In addition, Patek Philippe has remained a family-owned and operated watch company since its founding in 1839.  So if you’re considering purchasing your first Patek Philippe, even if there are numerous brands in the world of luxury timepieces, it is worthy of your money.

The Most Expensive Patek Philippe Timepiece Sold at Auction

The most expensive timepieces sold at auction were listed and detailed the watches that have sold for at least 1.5 million dollars at auction worldwide. The final price includes the buyer’s premium given to the auction houses and has been adjusted to US dollars if necessary, based on the currency exchange rate at the time of the sale. Here are the lists:

 

  • As of December 2020, the Patek Philippe Grandmaster Chime Ref. 6300A-010 was sold in Geneva for US$31.19 million on November 9, 2019, is the most expensive wristwatch ever sold at auction.
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  • The most expensive wristwatch ever sold at auction on November 12, 2016, was the Patek Philippe Ref. 1518 in steel and was sold at Phillips’ Geneva auction house for a final price of US$11.14 million.

 

  • The Patek Philippe Henry Graves Supercomplication, which sold for US$23.98 million in Geneva on November 11, 2014, is the most expensive pocket watch ever sold at auction.

 

  • The Patek Philippe Star Calibre 2000 Ref. 990/1 was sold for $3.28 million at Christie’s in Hong Kong on November 28, 2012, making it the most expensive timepiece ever auctioned in Asia.

 

At least 74 timepieces sold for more than two million dollars at auction in December 2020, while at least 113 watches have sold for more than 1.5 million dollars. Patek Philippe watches are eight of the top ten timepieces on the list.

Takeaway

It is recommendable for those collectors who are after the quality; with the craftsmanship of Patek Philippe, you will never regret buying one of its collections. However, three things have contributed to the high price tag of Patek Philippe. One is the timepieces’ exclusivity. The second consideration is the amount of time and effort required to create each wristwatch. The third aspect that makes Patek Philippe watches so expensive is the high-quality materials used in their production drives up the price.

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We hope that this information will assist our readers in deciding on whether or not to acquire a Patek Philippe luxury watch. In addition, you can do some research on where you can buy an original and pre-owned Patek Philippe, and one of the best brand luxury online stores is WatchShopping.com.

 

 


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