Patek Philippe is one of the most well-known brands of Swiss luxury timepieces. As soon as you see it and once you own one, the feeling gets even better.
Thus, even though this timepiece is one of the most expensive watches ever sold, it is unquestionably worth more than its price.
So, what is it about Patek Philippe watches that makes them so desirable and costly that people are prepared to pay millions of dollars for them? This article will go over five reasons, and so many more, why Patek Phillipe is a magnificent luxury watch and an excellent investment that you should consider purchasing.
History of the Iconic Patek Philippe
When it comes to classic timepieces, there’s nothing quite like learning a little about their past. That is why this article would like to discuss the legendary Patek Philippe Nautilus with a brief history.
Even though this watch is unique, it is closely related to another legendary watch, the Audemars Piguet Royal Oak. It’s worth noting that the latter established the benchmark for premium wristwatches. Patek Philippe was motivated by the success of the Audemars Piguet Royal Oak to design a premium sports watch in the same category, even though it wasn’t constructed to much the same high standard.
Bringing to the world the Patek Philippe Nautilus. Indeed, this has something to do with the brand’s marketing strategy or business as usual. It maintains Patek Philippe’s brand image while staying true to the company’s heritage.
As previously said, Patek Philippe Nautilus is known for staying true to its roots- its heritage. The company has been making high-end luxury timepieces for more than decades. Since it was established in the year 1839, Patek Philippe continued to reign in the field of luxury. Some materials, up until today, are still manufactured using 19th-century methods. Also, the watch has been patronized by the aristocracy. The reason, of course, is since this iconic brand has perfected the technique of excellent watchmaking. Most of its customers have been kings, queens, and nobles from all over the world. With that being said, it is already unquestionable how its model watches are worth a fortune.
This watchmaker doesn’t just make timepieces for the sake of mass manufacturing. It aspires to create one-of-a-kind, classic timepieces. Another reason why watch collectors and aficionados would pay tens of thousands of dollars only to obtain one of these iconic Patek Philippes. Patek Philippe produces just 50,000 watches every year. Most watch brands create roughly close to a million watch productions every year. However, this low quantity of production is due to the watch’s meticulous manufacturing procedure. In fact, it would take around nine months to make some of its most basic watch models.
Patek Philippe, known for its devotion to workmanship and attention to detail, meticulously handcrafts every feature of the watch and its movements. Patek Philippe timepieces are meticulously manufactured and finished by hand. Each watch is made up of 252 different pieces. Yes, you read that correctly. This watch company does not rely solely on machines to do tasks. Every plate and bridge is beveled inside and externally, and the tops are brushed and ornamented. The dials must go through up to 200 operations, which take between four and six months to finish. The watch should take three to five years to conceptualize and construct.
In 2008, Patek Philippe established their own seal, the Patek Philippe Seal, as a symbol of their devotion to perfection. They did so after years of splitting with the Geneva Seal Bureau. To maintain the city’s reputation as the home of excellent watchmaking, the Geneva Seal Bureau establishes excellent watch movement standards.
On the other hand, the seal specifies strict requirements for all features and components of a watch, as well as the accuracy of the timekeeping. Aside from the timepieces, Patek Philippe places a great value on personnel training. The watchmaker, the salesperson, and the customer service department all fall within this category. They also provide the world’s first-ever lifelong servicing guarantee. It implies that every Patek Philippe watch manufactured between 1839 and today can be repaired and maintained.
Patek Philippe has mastered every facet of fine watchmaking, from the simple two-hand watch to intricate masterpieces with minute repeaters, tourbillons, and split-seconds chronographs. The utilization of sophisticated, high-tech technology goes hand-in-hand with masterful artisan skills. Patek Philippe timepieces, unlike those made by other watchmakers, have a high resale value. It’s a solid investment because the watch’s worth will almost certainly rise over time. Patek Philippe timepieces, both modern and old, may be found on the secondary market for incredible costs.
Given some of these factors, it’s no surprise that the Patek Philippe watch is so pricey and desirable. Its rich history and heritage in watchmaking have established itself as a standard brand in Swiss luxury timepieces. It is a superb watch brand in the world of watches due to a combination of elements such as the use of high-quality materials, exclusivity, and superb craftsmanship. In plain monetary words, anything having so many of the aforementioned reasons is likely to be worth a lot of money, and yes, it will retain its value when your grateful child inherits a Patek Philippe Nautilus.