For collectors and investors, this is where the real money is. Look at a company like Rolex that produces over thousand watches per year and let's compare it to a company like Patek Philippe who according to a Philadelphia Magazine interview with its president Thierry Stern, produces only 53, watches per year. This is not to say that they can't produce more than that. Stern stresses that to produce more than that would affect the quality and precision of the movements.
They value quality, precision, and service above all else. A simple Patek Philippe movement such as the one in their Calatrava watches takes about four years to produce. Additionally, a very complicated watch can take approximately eight years. Patek Philippe only introduces between 20 and 30 new models a year and they have just above models in their collection. Their core clientele is the affluent people who don't feel the need to be too flashy.
Their modesty is part of their beauty and it allows them to blend in but at the same time be noticed when another well-informed watch enthusiast sees what's on their wrist.
So while Rolex uses a crown as the icon in their logo, Patek Philippe will continue to use the Calatrava cross as their logo and the real crown in high horology and craftsmanship would still go to Patek Philippe. Their exclusivity makes them what they are today. These costs can sometimes rival even entry-level sports cars and as result CEOs, actors, as well as high profile politicians seek them out as a status symbol.
There are multiple second market watch auctions every year. These are known for selling some of the most expensive automatic watches of the moment. Among these collectors, you also find Patek Philippe representatives who are buying their watches back.
This goes to show just these good these really are and many of them end up at the Patek Philippe Museum in Switzerland. When you buy a Patek Philippe watch, you are making a statement.
You recognize you value perfection and craftsmanship beyond what money can buy. Most of these watches are certainly overpriced, even if they are made with more care than others. We strive to bring edgy content from different perceptions, opinions and viewpoints while covering the latest trends in food, travel, style, beauty, life, culture, events and more. Based in Toronto, we show you the best that this beautiful city has to offer. In fact, many elite A-list celebrities and influential people claim they wear this exquisitely exclusive brand.
Hip-hop and rap artists also often reference Patek Philippe watches in their music, regarding the watch as a symbol of money and power. Unlike other watchmakers, Patek Philippe watches have a good resale value. It can make a good investment because the value of the watch will most likely increase over time.
You can find modern or vintage Patek Philippe watches on the secondary market trading for outstanding prices. The unique Patek Philippe design reflects the beauty of the watch.
Every style and technique is meticulously carried out with genuine artistry and exceptional craftsmanship. It involves various artisan processes such as inlays, enamel painting, the setting of precious stones, and extremely delicate engraving. The high-quality, hand-applied decoration is apparent in every individual part of the watch.
To complete a subtle part like the wheels, it needs about 40 to 60 steps. Every intricate detail of a Patek Philippe watch is noticeable, from the dial, the faceted batons, to the hands. Known for its commitment to craft and attention to detail, Patek Philippe carefully handcrafts every element of the watch and its movements. The incredibly complex Patek Philippe watches are assembled and finished manually.
Each watch consists of individual parts. The tops are brushed and decorated, and every plate and bridge is beveled internally and externally. The dials go through up to separate procedures making it at least four and six months to complete. Ideally, the conceptualization and design of the watch take three to five years.
As a commitment to excellence, Patek Philippe introduced a seal of their own in called the Patek Philippe Seal. They have done this after breaking with the Geneva Seal Bureau for years.
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