The multi-dollar question is why Patek Philippe watches are so expensive? What is so special about it? Most importantly, is it worth your money? Keep on reading if you want an answer to those particular questions.
For starters, Patek Philippe is generally acknowledged as the top brand among all leading Swiss watch manufacturers. The said brand is one of the most influential and costly watches and other high-end brands such as Audemars Piguet, Vacheron Constantin, and Rolex. In fact, Patek Philippe’s Grandmaster Chime Ref. 6300A-010 watch has earned the title as “the most expensive watch ever sold” at an auction for an extravagant worth of $31 million. This record-breaking price makes it the most expensive watch in the whole world.
Then what exactly is the reason that people are willing to pay tons of money for it? Here are some factors that might give you an idea.
The business as a whole promotes to sustain high-quality watches and keep it for generations to generation. Their high-class quality is not only for their most expensive ones but also includes the cheapest Patek Philippe watches. The combination of various factors, including the use of top quality materials, unique designs, and the most exquisite craftsmanship, makes it a high-end watch brand then and now.
With the launch of the Patek Philippe Seal in 2008, the company introduced rigorous specifications that often surpass typical industry standards. Furthermore, the obligation to quality does not only refer to the watches themselves. Patek Philippe sets the highest expectations for employee training – from craftsman to a sales representative.
The innovative style of Patek Philippe represents the elegance of the watch. Every pattern and technique are designed beautifully with authentic artistry and excellent craftsmanship. It also includes various art techniques, such as inlays, enamel painting, setting up precious stones and highly delicate engraving.
The authentic elegance of Patek’s style lies in its movements. Each part is hand-finished, which could seem to be an incredible detail, considering that only an artisan can appreciate it. That is why many people are willing to spend their fortune on this magnificent piece.
In comparison to other watchmakers, Patek Philippe watches have a high resale value, and it can make an excellent investment since the watch’s value is likely to increase over time. You could find modern or classic Patek Philippe watches for outstanding prices on the secondary market. Surely, anyone else who owns Patek Philippe knows that they probably won’t lose any money if he decides to sell it later.
The Brand Influence
Many of the world’s wealthiest people own a Patek Philippe in great reverence. In reality, many prominent A-list celebrities and influential people claim to wear this exquisitely exclusive brand. Hip-hop and rap artists have frequently referred to Patek Philippe’s musical dream of the watch as a sign of wealth and strength. Who wouldn’t want to have a piece that is known for being one of the world’s most prized possessions?
People say that expensive things are great investments. As that being said, we all know that the Patek Philippe watches are not only known for its extravagant price, but for these characteristics that make it a whole package. The understated elegance of the Patek Philippe speaks of confidence, and to put it simply, its owners know that they’ve got the absolute best of craftsmanship, history, and style lying on their wrists.