Frequently Asked Question
The most common questions about Patek Philippe Complications
Do Patek Philippe watches hold their value?RESALE VALUE: Patek Philippe's watches are known to either hold their value or even appreciate over time. Patek Philippe has one of the highest resell values among its competitors with the exception of Rolex. So there is much truth to their campaign slogan, it's an accurate description of their products.
What is considered grand complication?While watchmakers, executives and collectors debate over what really qualifies a grand complication, the generally accepted definition of a Grand Complication is a portable timepiece that includes a minute repeater, moon phases, perpetual calendar, split-seconds chronograph and a grand and petite sonnerie which is a ...Jul 7, 2017
Is Patek Philippe the best watch?Patek Philippe watches are considered to be the world's best: full stop. Of course, there are other impeccable Swiss watch manufacturers with distinguished pedigrees and refined watches, but Patek Philippe has lodged itself in the conscience of watch lovers as the best brand of them all.Jul 9, 2015
How much is Patek Philippe worth?With over 173 models available, a brand new Patek Philippe watch is going to cost you anywhere from $12,500 to $2 million and up. However, you should be aware that not every dealer offers every model.
Is buying a Patek Philippe a good investment?Yes, absolutely some Patek Philippe watches can be a good investment but a luxury watch is not the sort of purchase you should make lightly. You should do plenty of research before committing to a particular model or brand. There are lots of reasons why people purchase luxury watches, too.Oct 1, 2021
How long will a Patek Philippe last?A complicated one, we're talking about six years approximately. And a very complicated one, like a minute repeater or a tourbillon, this is about eight years.” In other words, it depends. As Stern says, the main question is the complexity of the movement.Dec 20, 2020
Do Patek Philippe appreciate?Due to the high demand, Patek Philippe watches usually appreciate, with some vintage pieces on sale for over ten times their original price!Nov 29, 2020
Why is Patek Philippe Calatrava so expensive?Precious From the Inside Out: Patek Philippe's Materials The way Patek Philippe watches are created means their production takes longer, resulting in lower inventories than most other luxury brands. This makes Patek Philippe watches highly exclusive and, thus, expensive.May 27, 2021
Is Patek Philippe French?Patek Philippe SA is a Swiss luxury watch and clock manufacturer founded in 1839, which is located in the Canton of Geneva and the Vallée de Joux. Since 1932, it has been owned by the Stern family in Switzerland. ... Patek Philippe is widely considered to be one of the most prestigious watch manufacturers in the world.
How often do you service a Patek Philippe?A Patek Philippe watch is designed to be handed down from generation to generation. For this reason - whether your timepiece needs to be repaired, restored or entirely overhauled - servicing a Patek Philippe timepiece regularly is essential to ensure its longevity. We recommend every 3-5 years or whenever necessary.
Are Patek Philippe watches handmade?"Technically speaking, Patek Philippe watches are all hand-made and finished, whereas many pieces, even such as (those produced by) Rolex or Omega, typically are finished by machine," Clymer says.Jul 18, 2017
Is Audemars Piguet a good investment?Do Audemars Piguet watches hold their value? Yes, they hold their value very well and more than many other watchmakers but on average they hold their value slightly less compared to Rolex or Patek which are the top two when it comes to holding value.
How many watches do Patek Philippe make a year?There has never been an intention to significantly increase the number of watches produced from the current 62,000 pieces per year, almost half of them described by Patek Philippe as “complicated watches” with functions such as an Annual Calendar, Weekly Calendar, Travel Time Two-Zone display, or World Time.Jun 18, 2020
Do Richard Mille watches appreciate?On the resale market, Mille consistently goes up in value. Hiaeve told Insider he's seen some go from $100,000 to $120,000, up 20% to 30%, every few months. ... Not just because they are beautiful, but because they also retain their value.Dec 21, 2020
Which watch brand has the highest resale value?The RealReal said its best-selling watch brand, Rolex, strengthened its edge over other brands the most in 2020, selling 1.1 times faster than the year before. Sports models were the most popular, with the “Explorer” resale value increasing 15 percent year-over-year.Jan 26, 2021