Frequently Asked Question
The most common questions about Patek Philippe New/unworn
How much does a new Patek Philippe cost?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.
Do Patek Philippe go up in value?Your Patek Philippe Watch May Go Up In Value Certain models tend to gain more provenance over the years, and this is what you need to be on the lookout for. Over the years, models tend to become more scarce - the law of entropy dictates that some will become damaged or misplaced, thereby decreasing the level of supply.Oct 1, 2021
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.
Is it hard to buy Patek Philippe?But, as with all things luxurious and exclusive, buying a Patek Philippe is not as simple as just walking into a boutique and picking one off the shelf. With such a low production number, competition for the most popular models is extremely fierce, and you will most likely have to work to get your hands on one.Jul 14, 2019
Why is Patek Philippe so expensive?The manufacturer only uses stainless steel for a small selection of watches. ... 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
How much was the Patek Philippe in succession?A supposedly box-fresh, roughly $15,000 Patek Philippe watch that was featured in the pilot of HBO's “Succession” was actually a duplicate.Jan 10, 2022
How can I tell if my Patek Philippe is real?A real Patek Philippe watch will feature a crown that is etched to perfection. The detail will be something that you want to check closely using a magnifying glass. If the design is somewhat mottled or if there is no detail on the crown, rest assured that the watch is not the real thing.Feb 25, 2021
Are watches a Good Investment?Vintage watches can make great investments as they're usually more rare and unique than a new or used timepiece. ... Modern watches like the Patek Philippe Nautilus, Audemars Piguet Royal Oak, or almost any modern Rolex are so difficult to obtain at retail that they're instantly worth more after you buy them new.Sep 15, 2021
What does Patek mean?Jewish (from Poland): from Polish patek 'godfather', hence, as a Jewish name, perhaps a nickname for a person bringing a child in for circumcision.
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
What is the most expensive wrist watch?Daytonas with “Paul Newman” dials were already trending hard in 2017 when Newman's daughter decided to put her dad's up for sale, and the combination of celebrity ownership, rarity and pure hype led to the highest price for any wristwatch ever sold at auction, an astounding $17.8 million.Jan 20, 2022
How long is Patek Philippe warranty?The Patek Philippe warranty is two years (24 months) from the original date of purchase. In context, many people have complained that the warranty that the company offers is lagging behind and is not up to par with its competitors.Jan 13, 2022
What is the most expensive Patek Philippe?The most expensive watch ever sold at auction is the Patek Philippe Grandmaster Chime 6300A-010 selling for $31,19m at the Only Watch Auction in Geneva in 2019.Aug 19, 2021
What is the starting price for a Patek Philippe watch?Most first-time Patek Philippe buyers will gravitate towards entry-level models priced at between US$19,000 and US$30,000. Within this price range buyers have several options to choose from: the Calatrava, Nautilus and Aquanaut families.May 22, 2019
What is the most popular Patek Philippe?In many respects, the Nautilus 5711/1A was a victim of its own commercial success. It is arguably the most popular Patek Philippe watch of the 21st century, and potentially the most sought-after Patek Philippe watch of all time.May 14, 2021
Can you buy Patek Philippe online?Luxury watch brand Patek Philippe is allowing its authorized dealers to sell its timepieces online. The ultra-exclusive watches were previously only available for purchase at one of its boutiques or through its selective group of partners.Apr 1, 2020
How long does it take to make a Patek Philippe watch?Patek production is so detailed that it takes nine months to make its most basic watches, and more than two years to produce some of the more complicated timepieces.Nov 23, 2020
Why watches are so expensive?Purpose. Historically all mechanical watches were designed and made for a very specific purpose. ... The complications of the watches also mean that they cannot be mass-produced because of the high-quality control, making them extremely rare in the market. Thus, the price is jacked up.May 31, 2020
How often should a watch be serviced?Generally, we suggest that new watches be serviced at least every five to seven years. Similarly, if you have a watch you bought more than a decade ago, it should also be serviced every five years at minimum to keep it running smoothly.Jul 25, 2018