Is it worth buying a Patek Philippe? Other than your home and car, a luxury watch is one of the most expensive purchases you’ll make in life, so you’ll want to make sure it’s a sound one.
Patek Philippe, known as one of the world’s most prestigious watchmakers, offers unrivaled elegance and craftsmanship, and with that comes a high price.
You’ll want to know if Patek Philippe watches are a good investment if you’re considering investing your hard-earned money on a new or pre-worn luxury watch.
It stands to reason that anything with so much history, creativity, high-quality craftsmanship, and exclusivity in simple monetary terms. Those characteristics are going to be worth a lot of money.
And yes, when your grateful child takes control, it will retain its worth.
But if it comes to owning a luxury Patek Philippe watch, whether it’s a decent investment or not is next to the limit.
If the thought of owning a beautiful watch with a rich heritage is not in itself thrilling enough to write a blank check for you, a Patek Philippe may not be for you. But, because it’s worth it, you don’t buy a Patek Philippe, you buy one just because you want to, and most of all because you can.
If you intend to wear your Patek every day, we’d recommend that you stay away from vintage watches. They are designed to last, but they are intricately constructed and are more fitting for a family heirloom.
For a dress watch, as an asset that will easily accumulate, a Patek classic is a great investment.
We highly recommend the Nautilus, first produced in 1976 and designed by watch-designing guru Gerald Genta, for a contemporary watch you will love. An iconic luxury sports watch, it’s seen across the globe on several A-list wrists.
Related: IS PATEK PHILIPPE A GOOD INVESTMENT?
Features That Make Patek Philippe Watch a Great Investment
Using the finest available materials, every Patek Philippe watch is carefully crafted and assembled by hand. It is a method that can take a year to complete, and for complicated timepieces, even longer.
While the company has existed for 180 years, it is shocking that only one million watches were made at that time, illustrating the true complexity of its designs.
Behind the split-second chronograph, the minute repeater, the perpetual calendar, and the Calibre 89, Patek is offering revolutionary advances that you just don’t see anywhere else.
Quality and Style
These watches are aesthetically stunning, with unparalleled dial design, excellent engineering, and outstanding finishing information.
With each watch made to exceptional standards, Patek is proud to boast of its in-house movements produced in Geneva.
The Swiss brand ensures thorough testing of the components and the precision of the watch’s time-keeping ability, while diamond setting and enamel painting are carried out carefully by hand.
The last piece of the puzzle as to why it costs so much for a Patek Philippe is the fact that they are made in such small numbers.
While there are more than 200 models in daily production, only around 45,000 watches per year are manufactured by the company. Compare that with Rolex, which produces about 1 million a year, and you start to understand just how exclusive a Patek is.
Since 1839, less than a million Patek Philippe watches have been made, it is said. That’s less than the production of some very high-end Swiss manufacturers per year.
The manufacturing of Patek is so extensive that it takes nine months to manufacture its most simple watches, and more than two years to produce some of the more complex watches. Meanwhile, around the world, demand is increasing.
Some Patek Philippe watches are sought-after that buyers must apply to an application process to prove that they are high-caliber collectors of good quality.
The brand has an unrivaled reputation for quality and currently has the proud accolade of being the makers of the most expensive watch ever sold.
In the world of horology, there’s no bigger player than Patek Philippe. Widely regarded as one of the most prestigious watchmakers in the world, to own a Patek Philippe is perhaps the ultimate statement of wealth, style, and appreciation for genuine heritage.