Why Are Patek Philippe Watches So Expensive?


Patek Philippe, an embodiment of Swiss watchmaking and experience, stays one of the vital profitable luxurious manufacturers. 

The story of Patek Philippe begins in 1839 when Antoine Norbert de Patek and François Czapek based the corporate. Meanwhile, illustrious watchmaker Jean Adrien Philippe acquired a bronze award for keyless winding and hand-setting system, pioneering a brand new period for watchmaking. Following this, the trio reshaped the corporate to Patek, Philippe & Cie in 1851, after which went on to make the first-ever Swiss wristwatch for the Countess Koscowicz of Hungary. These landmark achievements put the model on prime of the posh watchmaking trade.

In the years that ensued, the model patented many mechanisms like a precision regulator, a perpetual calendar for pocket watches, the primary double chronograph, self-winding mechanism caliber 12-600at, a number of time zone for wristwatches, and Gyromax stability to call a number of.

The model renamed itself as Patek Philippe in 1933, lastly turning into the world-class luxurious model, as we all know it immediately. The model took over the Geneva Observatory competitors in 1944 by successful a number of first prizes for accuracy and precision. 

Patek Philippe stored pushing the boundaries of innovation to create extraordinary mechanisms with top-of-the-line tools. 

Reasons Patek Philippe Watches Are So Expensive: 

Patek Philippe Grand Complications White Gold 5327G-001 with Royal Blue Sunburst Dial
Patek Philippe Grand Complications

With near 180 years of expertise, the model stands tall for its mechanical supremacy, successful many awards and reaching new heights. To this extent, some heritage Patek Philippe timepieces have auctioned for near 23 million and 11 million {dollars}. However, let’s dig somewhat deeper to grasp why Patek Philippe watches are so costly. 

Legacy and Heritage, Worn by Royalty

We be taught from the model’s historical past, Patek Philippe’s timepieces sought the eye of the royals. Some well-known names are, England’s Queen Victoria, Queen Elizabeth II, Countess Koscowicz of Hungary, and Princess Diana, amongst many others. Patek Philippe additionally took inspiration from royal traditions making the Duke of Regla one of the vital well-known timepieces for its adaptation of Westminster Chime on 5 bells. Not simply the royals, even well-known politicians and celebrities of immediately like Boris Johnson, Jay-Z, LeBron James, Eric Clapton put on Patek Philippe, making the model a well-known family identify for luxurious watches.

Given that the model’s most well-known shoppers have been royals and world-renowned celebrities, we all know the model stands on prime of the trade for accuracy and precision. The founding fathers of Patek Philippe have put in all their years into making certain the model maintains its supremacy on this planet of horology. Consequently, Patek Philippe holds a fantastic legacy for watchmaking. It is for that reason, extravagance and expensiveness go hand in hand. 

Additionally, this family-owned model has many patents to its identify for its superior watchmaking expertise. This is proof that Patek Philippe by no means settles for something lower than distinctive making it a heritage model up to now. 

Technology That Has No Bounds

Patek Philippe Complications 5131R-010
Patek Philippe Complications 5131R-010

Patek Philippe’s historical past of watchmaking marks many milestones. From inventing new mechanisms to patenting its distinctive watchmaking expertise, Patek Philippe has executed all of it. To date, the model has over 100 patents to its identify. This stands as proof of the truth that the model by no means settles with its innovation. Close to nearly two centuries of watchmaking data, aided with fashionable ever-developing expertise makes the success of Patek Philippe.  

Let’s have a look at some timeless improvements by Patek Philippe which can be in motion even immediately. At the time of its inception, the keyless winding and hand-setting system paved approach for the first-ever Swiss wristwatch. Then got here the precision regulator, perpetual calendar, first double chronograph, first-ever girls watch with repeater complication, first-ever split-second chronograph, first wristwatch perpetual calendar, astronomical problems in pocket watches, Gyromax stability, self-winding mechanism caliber 12-600at, first all-electronic clock, a number of time zones in a single timepiece, and ultra-thin automated caliber 240. All these, invented inside the first 130 years of its inception, laid the muse not just for Patek Philippe to develop but additionally for different watch manufacturers to be taught and adapt. 

Precision At The Epicentre of Every Timepiece

Patek Philippe Calatrava Platinum 5088-100P-001 with Handengraved, Black Enamel dial
Patek Philippe Calatrava Platinum 5088-100P-001 

Focusing on precision and accuracy, the model developed its personal certification generally known as the Patek Philippe seal. Swiss-made watches, usually, obtain the Geneva seal after they move the check for distinctive high quality. To obtain the Geneva seal, watch manufacturers endure rigorous assessments for high quality, ending, accuracy and requirements. However, taking the assessments for Geneva Seal was not obligatory for manufacturers, making Patek Philippe the one buyer for such assessments. 

Inevitably, Patek Philippe felt the necessity to create its personal seal provided that the model far exceeded the Geneva check. Turning this to actuality, the model created its personal seal denoted with the ‘PP’ emblem on the again of each timepiece. This resolution got here with the truth that Patek Philippe timepieces undergo vigorous requirements. Each timepiece continues to be designed, manufactured, assembled and examined in-house. Besides, Patek Philippe stays in pursuit of mechanical precision as an artisanal issue. For this purpose, Patek Philippe felt the Geneva Seal, which doesn’t deal with mechanical precision, was not sufficient to certify the model’s most superior timepieces.

Harmonizing operate and aesthetics, the PP seal is the model’s dedication to precision and transparency. It certifies solely extraordinary items which can be true to the model’s imaginative and prescient – mechanical and technical supremacy. The PP seal ensures precision, even after years of use. 

Exquisite Craftsmanship Makes Every Timepiece A Work Of Art

Patek Philippe Aquanaut Rose Gold 5072R-001 with Engraved Mother-of Pearl dial
Patek Philippe Aquanaut Rose Gold 5072R-001

Aesthetics and a focus to element belong on the centre of each Patek Philippe. With the change in instances, the model ensures that the design and magnificence of the watch adapt with out compromising on high quality or elements. Patek Philippe designs and hand assembles every bit. This offers the model an opportunity to rigorously monitor what goes into every timepiece, rigorously curating elements that match a selected design sense and high quality. 

The model additionally makes a speciality of suave portray, engraving, and utilizing valuable stones on their timepieces. These, too, are executed by hand ensuring every stroke of paint, every letter engraved, and every stone hooked up is finished with utmost care and accuracy. Given the complexity of every timepiece, they arrive with over 200 plus elements that stay hand-assembled. To conceptualize the features and design the elements collectively to work completely for years takes the work of a wonderful artist. 

Value That Increases With Time 

 

When shopping for luxurious watches, one important high quality that pulls clients in direction of a selected model is the resale worth. With Patek Philippe, many watch aficionados imagine that the watches won’t lose any worth over time. But, in truth, the worth might improve relying on the mannequin, the options and the expertise used. As we famous above, Patek Philippe receives as excessive as 23 million {dollars} for its resale worth by way of auctions.

While this isn’t the case for all of Patek Philippe’s timepieces, as a purchaser it’s reassuring to know that your timepiece won’t ever lose its worth, if not improve in time. Watch lovers additionally imagine that one can by no means really “personal” a Patek Philippe, as an alternative, one merely preserves it for the following technology. This is especially as a result of Patek Philippe survives for generations, for its sturdiness and worth won’t ever go down!  

Quality Over Quantity 

Patek Philippe Golden Ellipse Rose Gold 5738R-001 with Ebony Black Sunburst dial
Patek Philippe Golden Ellipse Rose Gold 5738R-001

Unlike many different luxurious manufacturers, Patek Philippe doesn’t mass produce many timepieces in a yr. Manufacturing and hand-assembling watches take time. Not solely that, giving the timepieces sufficient time to undergo testing and certification ensures the general high quality. For this purpose, in a great yr, Patek Philippe might produce a most of fifty,000 timepieces. As in comparison with different manufacturers that may manufacture as many as a million timepieces a yr. This additionally offers the client a way of exclusivity in proudly owning a Patek Philippe. 

All these qualities make Patek Philippe as costly as it’s. If you might be in search of an uncompromising luxurious model that makes daring watches, Patek Philippe makes a worthy contender. However, these timepieces stay unaffordable by most. So, listed here are some inexpensive alternate options to their Calatrava and Nautilus collections. 

NOTE: Amazon hyperlinks for the editor to insert photos of Patek Philippe’s iconic watches:

 

  1. https://www.amazon.com/Patek-Philippe-Ladies-Nautilus-Quartz/dp/B00K78B1GC
  2. https://www.amazon.co.uk/Patek-Philippe-Grand-Complications-Mechanical/dp/B00K78DYIU
  3. https://www.amazon.com/Patek-Philippe-COMPLICATIONS-Complications-5131R-010/dp/B08GSX4BZK
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