Are you also finding the answer that why Patek Phillippe is so expensive? If you want to know more about this luxury watch brand then you’ve got the right article. I am going to let you know all the things associated with this high-end watch brand that makes it unbeatable.
It’s a popular name in the luxury world because of its uniqueness and real value. It’s a sign of luxury.
Why Patek Phillippe is so expensive?
The most precious resource at Patek Philippe is consistency. To help it, the entire business is planned. The business introduced rigorous criteria with the launch of the Patek Philippe Seal in 2008, sometimes exceeding normal industry standards. But the attention to success extends not only to the watches themselves.
Patek Philippe sets the highest expectations for employee preparation, from the watchmaker to the vendor, including customer care from sales to service.
Anyone who buys a Patek Philippe knows that if he decides to sell it at a later date, he probably won’t lose any money. And it is entirely probable that the value of the watch will rise with time, but in particular instances, there is no way to predict this.
But it’s a comforting reality, even though most individuals only buy a watch for their pleasure and have no immediate plans to resell it. Are you still asking why Patek Phillippe is so expensive?
Both in technique and design, the quality of hand-applied decoration in the production process is high. Even for inconspicuous components like wheels, about 40 to 60 steps are required.
Artisan processes such as enamel painting, highly intricate engraving, precious stone setting, and inlays all play an important role.
Ever since 1839, Patek Philippe has been making excellent quality watches. From one generation to the next, enormous knowledge and a high degree of competence are transmitted. Currently, you do not own a Patek Philippe. For the next generation, you are taking care of it.
Some sections, such as the case, still use conventional procedures dating back to the 19th century. Since the art of fine watchmaking was perfected by Patek Philippe, the watch was funded by royalties.
Much of its clients around the world were rulers, queens, and nobles. I hope you’ve got to know why Patek Phillippe is so expensive?
Just 50,000 watches a year are made by Patek Philippe. Compare this to Rolex, another high-end watch company, which produces more than 800,000 watches a year. Indeed, 50,000 is a small number, and that makes the brand very special and very niche.
Patek Philippe watches’ distinctive style represents the elegance of the watch. With genuine art & exceptional craftsmanship, every technique & style is meticulously carried out. This includes numerous artisan techniques, such as inlays, enamel painting, precious stone setting, and too delicate engraving.
In every single part of the watch, the elegant & high-quality hand-applied decor is self-evident. It takes around 40 to 60 steps to finish a subtle piece like the wheels. Every complex detail, from the dial itself to the faceted batons & hands, of a Patek Philippe timepiece is visible.
Each feature of their watches is made by hand. There are at least 252 individual parts in each timepiece, and the dials go through about 200 processes. There is great attention to detail and the number of checks before a watch is commercialized.
The Places Where You Can Buy the Original Patek Phillippe Watches
- Your local jeweller makes a profit by selling or putting the piece at auction to a more specialized dealer, which ensures that the less they give you, the greater their profits will be. If you can get there, a visit to Hatton Garden, the London jewellery district, would likely carry a higher price.
- You can set your price if you put your Patek Philippe in a consignment store, but you can’t guarantee that a collector will spot it. And either a placement fee, or a part of your earnings, or both, would have to be charged.
- Listing your piece with a conventional auction house is likewise a luck-of-the-draw proposal. Your piece could catch a collector’s eye. Or maybe it won’t. Either way, you have to wait for the sale to be scheduled and be prepared to pay the auction house the seller’s fee.
- Online auctions differ in format and do not guarantee a sale either. Some post your piece on their site and take over the photography and definition charging you for the privilege, of course. Others let you do all the work yourself, like eBay. – of them, however, will be charged either a fee to list your piece and/or a percentage of your earnings.
If you want to take your luxury to the next level then a Patek Phillipe watch can be an ideal choice for you. It created a value. It’s a sign of luxury? What do you think? Do you need one?
See also: DID YOU KNOW WHY ROLEX PRICE INCREASE?