SHOP PATEK PHILIPPE Watches
Masters of complications and creators of beautiful wristwatches, Patek Philippe was established in 1839 and since then have brought many innovations including the first wrist watch and first electronic clock. Patek Philippe release a limited production of each watch model, which makes them extremely unique and rare.
One of the world’s best-known timepiece makers are Patek Philippe, and many of their watches have been sold across the globe for huge amounts of money!
The company was founded in 1839 by Antoni Patek, Adrien Philippe and Franciszek Czapek, and is located in the Vallee de Joux, Canton, Geneva, Switzerland.
Patek Philippe has always been considered as one of the best luxury watchmakers and clockmakers and is also the oldest watch company still in production to date. Patek has been at the forefront of inventions within the watch industry with over one hundred patents for these developments over its 180-year history. These innovations include the first Swiss wrist watch, the first perpetual calendar in a pocket watch, the first slip second chronograph, the first annual calendar and more recently the silicon-based escapement wheel and balance spring.
The watch company is still a family run business and has been owned by the Stern’s since 1932. The Stern family rescued the business following the great depression.
Many famous people have owned Patek watches including Royalty, World leaders and Artists. These include Queen Victoria, Queen Elizabeth II, John F Kennedy, Albert Einstein, Nelson Mandela and Pablo Picasso. Pateks main collections are Grand Complications, Complications, Calatrava, Nautilus, Aquanaut and Twenty-4. “You never actually own a Patek Philippe. You merely look after it for the next generation.” is one of Patek’s slogans. This slogan points towards the quality and longevity of their timepieces, introduced to promote the range Generations in 1996. Patek are always adding more and more complications to their timepieces and to celebrate their 150-year anniversary the produced the most complicated watch to date, with 33 complications, an unbelievable pocket watch!
The watch company continued to introduce new ranges and in the 1990’s, three of the more familiar styles came into production, Annual Calendar, Aquanaut and Twenty-4. This was followed with the Patek Philippe Museum opening its doors in Geneva in 2001. Patek wanted to collect as many of their older timepieces for their museum as it created a higher demand on the second market so making these watches even more expensive.
Seven of the top ten most expensive watches sold at auction are Patek Phillipe with the most expensive being sold for $31 million. This timepiece was ref 6300A-010 Patek Philippe Grandmaster Chime. This price indicates how rare this model is and with 20 complications and if you want to buy model 6300 from Patek you have to apply to President of Patek Philippe, Thierry Stern, to see if you get approved to buy this timepiece. The majority of their timepieces are mechanical movements with an accuracy above the standards set by the Swiss watch industry that they have their own seal of craftmanship after dropping the Geneva seal in 2009.