If not already familiar, Patek Philippe is regarded as the top Swiss watch manufacturer. Their watches can go for tens of thousands of dollars. They are known for creating some of the most expensive watches ever sold. So, what makes Patek Philippe watches the standard of luxury watchmaking? Read on to find out:
The Test of Time
Patek Philippe has been in business since 1839. The company has maintained its status as an innovative pioneer by continually upgrading the craft of horology. Patek Philippe is known for its creation of the hand-winding two-hand watch, the perpetual calendar, second time zone, and split-second chronograph. Over a hundred years later, they are still patenting new ideas.
Excellent Craftsmanship
Patek Philippe watches can be made with as many as 252 individual parts – seen and unseen. The watches are handcrafted in-house. From start to finish, they are manufactured using the best materials and treated with the utmost care. It is held as a legend that a single component in a Patek Philippe Nautilus takes more time to manufacture than an entire luxury watch of another brand (such as an Omega or Chopard). Regardless of legends, they are known for a high-quality movement with a subtle outward design. Many are willing to shell out a pretty penny as buyers consider these watches to be a work of art. Patek Philippe has mastered modern technology with historic traditions.
Rarity
The watch industry produces around 20 million timepieces per year. Of that 20 million, Patek Philippe only contributes 50,000. Compared to their luxury competitors, Patek Philippe watches are hard to come by. It can take anywhere from nine months to five years for a watch to be made (from design conception to the final product). It is difficult to get your hands on a new or rare model without the right connections. A Patek Philippe dealer can get you on a waiting list, but some of the most sought-after models will never make it to the showroom. Many watches are already claimed before they’re finished, and sent directly to high-profile collectors.
These renowned watches have been seen on the wrists of many very notable people. Queen Elizabeth II owns a museum-worthy Patek Philippe Ref. 4975/1G., as well as a Golden Ellipse in white gold with a blue dial and diamond bezel. Ringo Starr has been spotted with a ‘Jumbo’ Aquanaut Ref. 6065-1A. Sir Paul McCartney wore his Aquanaut Ref. 5167A on his wedding day in 2011. John Lennon was photographed by Yoko Ono wearing a Patek Philippe Ref. 2499 on his 40thbirthday. Other famous Patek owners include Albert Einstein, John F. Kennedy, Pablo Picasso, Nelson Mandela, Prince Charles, Robert Downey Jr., and Brad Pitt.
Long-Term Investment
These watches are known to hold their value well. Their brand is built around holding onto the watch for generations. Their own tagline is, “You never actually own a Patek Philippe. You merely look after it for the next generation.” You can find modern and antique Patek Philippe watches reselling for astronomical prices. Some investors consider a Patek Philippe watch as valuable as a blue-chip stock, since the market for these watches never crashes. Many who buy into Patek Philippe can buy confidently, knowing it will last beyond their own lifetime.
Patek Philippe has reigned as the leader of luxury watches for a reason. Their long history of watchmaking, innovative horology, and incredible manufacturing make them the icon they are today.
Buy or Sell Patek Philippe at Leo Hamel Fine Jewelers
At Leo Hamel Fine Jewelers, you will find an ever-changing selection of expertly reconditioned pre-owned Patek Philippe watches. We want you and your loved ones to own the best, acquired at the best prices. Visit us on San Diego Avenue and begin your own tradition with a world-class timepiece!
Call Us: 619 299 -1500
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