5 Reasons Why Patek Philippe Watches Are Expensive

When we are talking about luxury timepieces, Patek Philippe is one of the usual brands that make it to the list. Patek Philippe is one of the most famous and expensive watches, along with its competitors like Audemars Piguet, Vacheron Constantin, and Rolex. 

A Patek Philippe Henry Graves Supercomplication pocket watch is even the world record holder as the most expensive watch ever sold in an auction with a staggering price of $23.98 million. And it is worth noting that an $11 million Patek Philippe 1518 Stainless Steel is the world’s most expensive wristwatch ever.

In this article, we will be giving you some reasons why Patek Philippe watches are crazy expensive. We think that this might change your mind if you plan to buy a wristwatch for yourself or a gift for someone.

Heritage

Since 1839, Patek Philippe has been making top-quality watches. Skilled workers pass their immense experience and distinguished knowledge from generation to generation. That is why their tagline is, “You never actually own a Patek Philippe. You merely take care of it for the next generation.” 

Some components of the watch, like the case, are still using established traditional procedures that date way back to the 19th century. The brand is already well known for its excellent watchmaking, and noblemen have patronized it. Most of Patek Philippe’s users are nobility, such as kings and queens.

Exclusivity

This is why many people want to have a Patek Philippe watch because of its rarity. Only 50,000 watches are produced each year, compared to other watch brands that make high numbers of watches in a year.

The reason for its low numbers in production is the detailed and intricate production process, making its most basic watches to be completed for up to nine months. Whereas, more complex timepieces would take not less than two years. 

Design

The one-of-a-kind design of Patek Philippe watches reflects the elegance of the watch. Every design and technique is carefully carried out with real artistry and rare craftsmanship. It involved different artisan procedures like inlays, enamel painting, extremely intricate engraving, and the mounting of precious stones.

Quality

The Patek Philippe Seal was introduced in 2008 as a commitment to excellence. They have finally done this after being with the Geneva Seal Bureau 123 years. The bureau is the one who imposes the criteria for the quality of watch movements to protect the city’s reputation as the place of the finest watchmakers.

Aside from high-quality watches, they also place high standards whenever they start training their employees. These employees include the salesperson, customer support service, and the watchmakers themselves. They are also the first-ever to give lifetime service, which means that any watch the brand has ever made from its founding years can be restored.

Craftsmanship

Famous for their commitment to craft and awareness to detail, the brand carefully handcrafts every component of the watch and its movement. These incredibly complex watches are constructed and completed with hands.

Each watch is composed of 252 individual components. The top part of the watch is brushed and decorated, and every single plate and bridge is beveled. The dials alone go through over 200 separate procedures, making it at least four to six months to be finished.

Takeaway

So, based on all of these reasons, there is without a doubt that this watch brand is on top of the market and has very expensive and valuable watches. It has proven itself that it is a benchmark brand in the world of Swiss luxury watches. Factors such as high-quality components, unorthodox designs, and finest craftsmanship make it a superior watch brand.