Considered amongst the oldest watchmakers in the world, Patek Philippe, is a brand that has played a significant role in the watch industry. Watches produced by this extraordinary brand showcases the highest level of class and craftsmanship.
As watch enthusiasts, we take great pride in sharing interesting insights and facts about renowned watchmakers. In this article, we delve into the story of Patek Philippe, their famous watches, and where they stand today in the world of luxury watches.
History of Patek Philippe
Getting to the roots and beginnings of Patek Philippe will allow you to understand the trajectory of this legendary watchmaker. Hence, we have mentioned below some of the highlight details pertaining to the history of this luxury watch brand.
- Founded in the year 1839
- Founders of the brand are Antoni Patek, Adrien Philippe and Franciszek Czapek
- The Stern Family of Switzerland has owned and managed Patek Philippe since 1932
- Patek Philippe is the last family owned watchmaking business
- The brand was known to manufacture pocket clocks before producing wristwatches
- In 1923, Patek Philippe introduced the first split-seconds chronograph watch, carrying the reference number 124824.
- In 1925, the company launched their first wristwatch with a perpetual calendar mechanism carrying the reference number 97975.
- The company introduced their first-ever Nautilus series watch with the reference number 3700/1.
- 1997 was the year the brand launched their Aquanut series of watch starting with reference number 5065A
Mentioned above are all the major highlights of Patek Philippe’s history. You must also note that over the years, as the company kept pushing the feets of innovation, they also expanded to many locations worldwide.
The rise and popularity of Patek Philippe
Now that you know the history of Patek Philippe, let’s dive into some of its modern day details and understand the rising popularity of the brand. Ever since its inception, Patek Philippe has expanded all across the globe, and is present in 400 locations worldwide.
The brand has gained significant recognition post 2000. Several Patek Philippe watches have been sold for incredibly high prices in the pre-owned and auction markets. The UAE has emerged as one of the most popular places to buy Patek Philippe watches. Perhaps, a Patek Philippe watch price in Dubai is what attracts investors from all over the world.
In 2018, it was reported that the brand sold a total of 62,000 watches. This is incredible for a company that takes an elaborate amount of time to build each watch. Patek Philippe watches are amongst the most expensive watches ever sold.
At an auction hosted in 2018, 58 of the most expensive watches sold included 48 Patek Philippe watches. This goes to show that the brand is recognized and desirable worldwide and holds great value as an investment.
Top watches by Patek Philippe
You already know that the watches we are about to mention are amongst the greatest timepieces evermade. Following are the most popular watches produced by Patek Philippe. These watches are listed based on their quality and growth in value.
- Patek Philippe Nautilus reference no. 5711/1A
- Patek Philippe Grand Complications Split-Seconds Chronograph reference no. 5370P-001
- Patek Philippe Complications World Time reference no. 5130/1G-011
- Patek Philippe Grand Complications reference no. 5270G-001
- Patek Philippe Aquanaut reference no. 5167/1A-001
- Patek Philippe Grand Complications Celestial reference no. 6102P
- Patek Philippe Complications Annual Calendar Chronograph reference no. 5960
Should you invest in a Patek Philippe watch?
Yes. You should definitely invest in a Patek Philippe watch. The market value of these watches are constantly increasing creating a lucrative opportunity for business. Of all the markets worldwide, the UAE luxury watch market proves to be the most attractive one.
The price of Patek Philippe watches in Dubai are the most competitive as compared to the world market. You can pick up a Patek Philippe watch in the region from the pre-owned market with prices ranging between AED 70,000 – AED 1,500,000.
As you can see, the price variation in the pre-owned market is massive. This vast difference is based on the model of Patek Philippe you prefer to invest in. The most successful models of the brand are Aquanut and Nautilus. These watches have shown a consistent rise in value and are timepieces that you must consider investing in.
Most expensive Patek Philippe watch
It is no surprise that the most expensive watch ever sold is a Patek Philippe. Grandmaster Chime reference no. 6300A-010 is one of the most complex watches ever produced.
Everything from the design of the watch, to its incredible features showcases the ultimate level of watchmaking. These intricacies and exquisiteness of the watch is what made it so successful and desirable as
This particular watch was sold for a jaw dropping price of $31.19 million dollars at an auction event held in Geneva. The Patek Philippe reference no. 6300A-010 was sold in 2019 and has since spiked the interest of other seasoned collectors.
Other expensive watches by Patek Philippe
Several models of Patek Philippe are listed amongst the top 10 most expensive watches. Therefore, we have mentioned a list of some of the other models of Patek Philippe watches that have been sold for extremely high prices.
- Supercomplication by Patek Philippe
- Patek Philippe reference no. 1518
- Grand Complications Minute Repeater Patek Philippe
- Nautilus Travel Time Chronograph Tiffany
- Grand Complications Perpetual Calendar
- Patek Philippe Nautilus carbon
Patek Philippe: An astounding Swiss watch brand
Of all that we have discussed above, the one thing that we can take away from this article is that Patek Philippe is an astounding Swiss watchmaker. For all those investors looking to amplify their collection of watches, a Patek Philippe watch would be a great investment. Owning a Patek Philippe timepiece showcases the wealthy lifestyle of the rich and famous.