What Makes Patek Philippe Watches so Valuable?by Ella Wilson Love to write
When you think of about luxury watches, Patek Philippe timepieces rank up there with other top-brand Swiss watches. In stotes, these watches retail from $12,500 to $2.5 million. At auctions, Patek Philippe watches hold seven out of the top ten spots for the highest prices paid for watches. This includes the Grandmaster Chime that sold for $31 million at auction, becoming the world’s most expensive watch. So, what makes these watches so valuable?
Watchmakers at Patek Philippe have mastered every aspect of watchmaking, from creating simpler hand-winding two-hand watches with standard features such as annual calendars or a second-time zone to more complex masterpieces with minute repeaters, split-second chronographs, and tourbillons. They have seamlessly blended masterful craftsmanship with the use of modern tools; craftsmanship they have been honing for more than 170 years, passing on watchmaking skills from one generation to another.
For many luxury watchmakers, quality is a precious resource, and at Patek Philippe, it’s the same. The whole company is designed to ensure that the watches made are of the highest quality, often imposing rigid standards that exceed industry standards. In 2008 the company introduced the Patek Philippe seal as a mark of quality in all their timepieces. The commitment to quality doesn’t only apply to the watches; it also impacts employee training, from watchmakers to salespeople and even customer support. Every aspect of the Patek Philippe watch company shows its commitment to offering quality products and services.
They retain their value
These watches do something few watches do; they retain their value after the sale. When you buy a Patek Philippe watch, you are assured that you won’t lose money if you choose to resell it later. This is because these watches increase in value over time, as is evident when they are sold at auction. But their value is more than a price tag, it’s the heritage that comes with owning a Patek Philippe. These watches are handcrafted, one by one, with such intricate features that allude to its sophistication, with a single timepiece taking anywhere between nine months to two years to create. Brand recognition, unrivaled design, demand, and a rich heritage all contribute to the watch’s value.
The attention to detail
Patek Philippe timepieces are not only well made mechanically but also perfectly decorated. These hand-applied decorations are of exceptionally high quality both in technique and style. For instance, about 40 to 60 steps are required to create inconspicuous parts such as the wheels on car design. Other artisan processes such as enamel painting, delicate engraving of details such as the Patek Philippe seal, setting precious stones, and inlays all play a significant role in ensuring every watch is of the highest quality.
For watch connoisseurs, Patek Philippe watches are the cream of the crop. Their understated elegance bespeaks confidence. All these factors and more make Patek Philippe watches one of a kind. Watch owners know they have the very best in craftsmanship, design, and heritage on their wrists.
Created on Sep 5th 2020 05:53. Viewed 289 times.
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