Patek Philippe: 5 Reasons Collectors Love It

Patek Philippe is generally regarded as the most prestigious watch brand in the world. So coveted are their watches, that they easily dominate other watchmakers in achieving consistent, record-setting prices at auctions.

But what really makes a Patek Philippe so desirable? We’re giving you 5 reasons why collectors love them, and why, even if they’re notoriously hard to get — they keep coming back for more.

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Calendar Watches
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1. Provenance and heritage
Founded in 1839, the Patek Philippe company has been making watches for almost 180 years now, and has pioneered many groundbreaking innovations that are still being used in horology today. They have been given over a hundred patents for the innovations they have introduced to the watchmaking industry.
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Examples of these go from simple to complicated, such as the hand-winding two-hand watch to the more sophisticated perpetual calendar and split-second chronograph – all testaments to the dedication of the company to horological expertise.
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Calatrava
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2. Exceptional design and craftsmanship
Patek Philippe watches aren’t flashy; in fact, their designs are very studied – from the Bauhaus-inspired Calatrava to the Art Deco Gondolo – and made to last through finicky changes in fashion.
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Moreover, each watch, with as many as 252 individual parts, are all assembled by hand. This means that even the parts that are unseen by the wearer, such as the movements, are assembled in obsessive detail; and no shortcuts were made.
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3. Scarcity and exclusivity
It has been said that less than 1 million timepieces have been created by Patek Philippe since its inception. Today, the watch industry produces roughly about 20 million timepieces a year; and only 50,000 of those are Patek Philippe. Divided among different collections and styles, it amounts to just a very small number of Patek watches released yearly.
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One big reason why Patek Philippe’s production numbers are low is because of its detailed production process. It takes about nine months on average to make a Patek Philippe watch; and as long as two years to make the more complicated styles.
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Gondolo
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4. Detailed, well-kept archives

Every Patek Philippe watch has a searchable record available at the company’s archives. If you’d like to know more about your watch, you can be confident that you can find out details such as its date of production and original date of sale.
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5. Investment value
While it’s never advisable to buy a watch as an investment due to a fickle market, Patek Philippe watches are known to hold their value well. One of the reasons for this is that it remains an independent, family-owned company, who has a firm grip on its production, distribution, and value.
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And while tastes change over time, Patek Philippe’s designs transcends trends. Combined with their use of precious metals, their inherent quality, and imperial provenance, you get a watch that’s fit to pass on to the next generations.
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