The Patek Philippe watch is not your ordinary watch. The watch is everything luxurious and stylish; it will probably be the only thing that stands out in your entire outfit. The Patek Philippe watch has a stunning, unique design that makes it stand out. The Patek Philippe watch is manufactured by the Swiss Patek Philippe SA company and was founded in 1839 by Antoni Patek, Adrien Philippe, and Franciszek Czapek. However, purchasing the watch is not as easy as it is too expensive.
So, why is the Patek Philippe watch so expensive? The following are reasons why Patek Philippe Watch is so expensive;
- It is Scarce
The Patek Philippe watch is not a watch you are likely to find in every shop you walk into. The watch manufacturers produce around 62, 000 watches all year round. And how many people are there globally? When you do the math, the watches are not even enough for people in a single country! The more scarce a commodity is, the more expensive it is. Thus, combined with the manufacturing company’s monopolistic nature, the watches are very costly and are only accessible to the wealthy and elite people in society. - Patek Philippe Watch is a Quality Watch
The Patek Philippe SA, a company that has been around for 182 years, ensures that it produces quality watches. The company has a very high standard of training for all its employees to ensure quality watch production. So you are assured of only the best when you purchase the Patek Philippe watch; after all, what do you expect from a company that prioritizes quality over quantity? Other watch manufacturers can produce millions of watches in a year, and a lot can be said about their quality. For its quality, the watch sells at a very high price. - Owning the Patek Philippe Watch is Prestigious
The watch is popular among the elite people in society, such as celebrities and public figures. Now, it is well known that stars do not adorn on just anything. Therefore, once people see a famous artist wearing the watch, they wish to purchase one of their own for prestige purposes. The higher the demand for a commodity, the more pricy it is likely to be. The pride in owning a Patek Philippe watch results in its high price. - Patek Philippe Watch Design
The Patek Philippe watch has a uniquely beautiful design making it one of the most coveted pieces of jewelry to own. Due to its attractive nature and detail, the watch is a soft spot for people with good taste and high fashion sense, making it very costly. - Its value
It is safe to refer to a Patek Philippe watch as an investment. The watch does not depreciate. So you can be sure to get the full value of your money or even more once you resell it, which makes the watch costly.
If you are looking for a quality watch that is prestigious to own, has value, and with a great design, then you are looking for the Patek Philippe watch, but you have to be warned, it is a scarce commodity and comes with a very high price, due to these reasons.
