The Beginners Guide to Patek Philippe Watches

Patek Philippe was founded in 1839 by Antoni Patek and Adrien Philippe. The company's inception took place in Geneva, Switzerland. Antoni Patek, a Polish watchmaker, and Adrien Philippe, a French watchmaker and inventor, joined forces to create what would become one of the most prestigious watchmaking companies in the world. In 1851, Patek Philippe introduced the keyless winding system, which eliminated the need for a winding key to wind the watch. This was a significant innovation and a precursor to the winding mechanisms used in modern watches. Over the years, Patek Philippe gained a reputation for exceptional craftsmanship, precision, and elegance. The brand has been associated with some of the most complicated and sophisticated timepieces ever created. Notably, in 1925, Patek Philippe produced the first wristwatch with a perpetual calendar, a groundbreaking achievement in horology. Patek Philippe's commitment to quality and innovation has earned it numerous awards and distinctions. Their watches are highly sought after by collectors and often fetch record-breaking prices at auctions.

One of Patek Philippe's mottos is "You never actually own a Patek Philippe. You merely look after it for the next generation." This sentiment reflects the brand's focus on producing timepieces that are meant to be passed down through generations. Today, Patek Philippe remains a family-owned company, and it continues to be a leader in the luxury watch industry. Their watches are known for their exceptional craftsmanship, attention to detail, and timeless design. While Patek Philippe is primarily associated with watches, they also produce limited-edition jewellery pieces, which are typically created with the same level of precision and artistry that characterises their timepieces.

Patek Philippe Models

Patek Philippe offers a wide range of watch collections, each characterised by its own distinctive style, complications, and design elements. Here are some of the prominent watch collections offered by Patek Philippe:

Calatrava

The Calatrava collection embodies Patek Philippe's understated elegance and timeless design. These watches are characterised by their clean, simple dials and classic round cases.

Nautilus

The Nautilus collection is known for its sporty yet sophisticated design. Introduced in 1976, it features distinctive porthole-shaped cases and integrated bracelets. It's one of Patek Philippe's most iconic collections.

Aquanaut

Introduced in 1997, the Aquanaut collection is known for its modern and adventurous aesthetic. It features rounded octagonal cases and textured dials, designed to evoke a spirit of exploration.

Twenty~4

The Twenty~4 collection is tailored for women and offers a range of elegant, rectangular timepieces. These watches are designed to be versatile for both casual and formal occasions.

Complications

This collection encompasses a wide range of watches with various complications beyond basic timekeeping. This includes watches with features like chronographs, perpetual calendars, moon phases, and more.

Grand Complications

This is Patek Philippe's most prestigious collection, featuring watches with some of the most complex and intricate mechanical movements. Grand Complications may include features such as minute repeaters, tourbillons, and celestial displays.

Gondolo

The Gondolo collection pays tribute to the Art Deco era with its distinctive, geometric case shapes. These watches often have a vintage-inspired charm.

Golden Ellipse

The Golden Ellipse is known for its harmonious proportions and elliptical-shaped case. It's a collection that embodies the principles of simplicity and elegance.

Celestial

This collection includes watches that display astronomical information, such as the positions of stars and the moon. They are designed for those who appreciate the art and science of horology.

Calibre 89 (Limited Edition)

The Calibre 89 is an exceptional, ultra-complicated pocket watch created to celebrate Patek Philippe's 150th anniversary in 1989. It is one of the most complex mechanical watches ever made.

10 Reasons Why You Should Consider Patek Philippe

People choose to buy Patek Philippe watches for several compelling reasons:

1. Craftsmanship and Quality: Patek Philippe is renowned for its exceptional craftsmanship and attention to detail. Each watch is meticulously handcrafted by skilled artisans using the highest-quality materials.

2. Heritage and Legacy: Patek Philippe has a rich history dating back to 1839. The brand's longevity and commitment to tradition resonate with those who value heritage in watchmaking.

3. Exclusivity: The watch brand produces a relatively low number of watches compared to other luxury brands. Owning a Patek Philippe watch is a mark of exclusivity and rarity.

4. Investment Value: Their watches are known to retain and often increase in value over time. Vintage and limited-edition models, in particular, can appreciate significantly in the collector's market.

5. Complications and Innovation: Patek Philippe is renowned for its expertise in creating complicated watches. The brand has a history of horological innovation and has produced some of the most complex timepieces in the world.

6. Timeless Design: Most of the watches are known for their timeless and elegant design. They are crafted to transcend fashion trends, making them suitable for both formal and casual occasions.

7. Passing Down Through Generations: Patek Philippe's motto, "You never actually own a Patek Philippe. You merely look after it for the next generation," reflects the brand's emphasis on creating enduring pieces meant to be treasured and passed down to future generations.

8. Attention to Detail: Every aspect of a Patek Philippe watch is carefully considered, from the movement to the dial, case, and even the strap. The brand is known for its uncompromising pursuit of excellence.

9. In-House Manufacturing: Each watch is manufactured with almost all of its components in-house, ensuring a high level of quality control and precision in every watch.

10. Personal Connection: Many individuals form a personal attachment to their Patek Philippe watches. Whether it's a family heirloom or a special edition that commemorates a significant event, these watches often hold sentimental value.

Ultimately, choosing a Patek Philippe is a decision based on a combination of personal preference, appreciation for craftsmanship, and an understanding of the brand's legacy and reputation in the world of horology.

Patek Philippe Vs Chanel 

Patek Philippe and Chanel are both iconic brands, but they represent different segments within the luxury industry. Here's a comparison between the two:

Chanel (left) vs Patek Philippe (right)

Patek Philippe

Specialisation

Patek Philippe is primarily known for its high-end luxury watches. They are revered for their exceptional craftsmanship, complicated movements, and timeless designs.

Heritage

Patek Philippe has a history dating back to 1839. It is one of the oldest and most prestigious watchmakers in the world. The brand has a rich tradition of horological innovation.

Exclusivity 

Patek Philippe produces a limited number of watches each year compared to many other watchmakers. This exclusivity adds to the allure of owning a Patek Philippe timepiece

Investment Value

Patek Philippe watches are often considered investment pieces. Vintage and limited-edition models tend to appreciate value over time, making them highly sought after by collectors.

Complications

Patek Philippe is known for its expertise in creating highly complicated watches. They have produced some of the most intricate and sophisticated timepieces in the world.

Chanel

Diverse Portfolio

Chanel is a French fashion house that offers a wide range of products, including haute couture, ready-to-wear fashion, accessories, fragrances, cosmetics, and fine jewellery. They have also ventured into watchmaking.

Fashion Heritage

Chanel is renowned for its contributions to the fashion industry, particularly with its iconic designs like the little black dress, the Chanel suit, and the quilted handbag.

Influence and Innovation 

Chanel is known for its influence on fashion trends and its ability to set new standards in the industry. The brand's founder, Coco Chanel, revolutionised women's fashion in the early 20th century.

Iconic Products 

The Chanel 2.55 handbag and the Chanel No. 5 perfume are two of the most iconic and enduring products in the luxury fashion industry.

Timepieces

Chanel also produces high-end watches under the label "Chanel Watches" or "Chanel Horlogerie." These watches are known for their fusion of fashion-forward design and Swiss watchmaking expertise. Furthermore, while both Patek Philippe and Chanel occupy prestigious positions in the luxury market, they specialise in different areas. Patek Philippe is synonymous with exceptional watchmaking, particularly in the realm of complicated movements, while Chanel is celebrated for its contributions to fashion and offers a broader range of luxury products. Both brands are known for their quality, style, and enduring legacy in the world of luxury.

Why Should I Buy a Second Hand Patek Philippe Watch?

Buying a second-hand Patek Philippe watch can be a smart and rewarding decision for several reasons:

Cost Savings

Second-hand watches are typically more affordable than brand-new ones. You can often get a significant discount on the retail price, especially for models that are no longer in production or have become vintage collectables.

Investment Potential

Patek Philippe watches have a strong track record of appreciating in value over time, especially limited-edition or vintage models. Buying a second-hand Patek Philippe could potentially be a sound investment.

Exclusivity and Rarity

Some Patek Philippe models are produced in limited quantities. By buying a second-hand watch, you may have the chance to acquire a rare piece that may not be readily available on the market.

Vintage Appeal

Vintage Patek Philippe watches often have unique features, designs, and historical significance. They can be coveted by collectors and enthusiasts who appreciate the heritage and craftsmanship of older timepieces.

Historical Significance

Some vintage Patek Philippe watches may have historical significance, being associated with particular eras, events, or important figures. Owning such a piece can be a fascinating connection to the past.

Availability of Discontinued Models

Patek Philippe occasionally discontinues certain models, making them highly sought after by collectors. Buying a second-hand discontinued model can be the only way to acquire one.

Variety of Styles and Models

The second-hand market offers a wide range of Patek Philippe watches, including various styles, complications, and materials. This allows you to find a watch that perfectly suits your preferences.

Proven Track Record of Quality

Patek Philippe watches are known for their exceptional quality and longevity. A well-maintained second-hand Patek Philippe watch can provide you with years of reliable service.

Less Depreciation

Unlike cars or some other luxury items, high-quality watches tend to retain their value well. This means that if you decide to sell the watch in the future, you may recoup a significant portion of your initial investment.

Easier Entry into the Patek Philippe World

Buying a second-hand Patek Philippe can be a more accessible way to own a piece from this prestigious brand, particularly for individuals who may not have the budget for a brand-new one. Before purchasing a second-hand Patek Philippe, it's important to do thorough research, verify the authenticity of the watch, and, if possible, consult with reputable dealers or experts in the field. Additionally, ensure that the watch comes with proper documentation and servicing records for added peace of mind.

Will Patek Philippe Watches Live Up To Its Mottos? 

Patek Philippe watches have garnered a reputation for their exceptional ability to retain value and even appreciate over time. This enduring value is attributed to a combination of factors unique to the brand. Firstly, Patek Philippe maintains a culture of exclusivity by producing a limited number of watches annually, creating a sense of rarity and desirability among collectors. This scarcity, coupled with the brand's commitment to craftsmanship, contributes to the enduring appeal of Patek Philippe timepieces. Timelessness is a hallmark of Patek Philippe's design philosophy. Their watches are characterised by classic and enduring aesthetics, designed to transcend fleeting fashion trends. This enduring style ensures that Patek Philippe watches remain highly sought after, regardless of evolving tastes. Furthermore, Patek Philippe's heritage is deeply entwined with horological expertise, dating back to its establishment in 1839. The brand's history of innovation, coupled with its ability to produce some of the most intricate timepieces in the world, adds to the allure and value of owning a Patek Philippe watch.

Integral to the enduring value of Patek Philippe watches is their meticulous in-house manufacturing process. Nearly all components are crafted within Patek Philippe's workshops, allowing for meticulous quality control and precision in every watch. This hands-on approach to production ensures that each timepiece is imbued with the utmost craftsmanship, contributing to the brand's reputation for excellence. Moreover, Patek Philippe's legacy further bolsters its appeal. The brand's longevity and steadfast dedication to tradition resonate with those who hold heritage in high regard, reinforcing the perception of a Patek Philippe watch as a timeless investment. In addition to their inherent qualities, Patek Philippe watches hold their value due to a strong and active resale market. Collectors and enthusiasts covet Patek Philippe timepieces, especially limited-edition and vintage models, which often command premium prices in the secondary market. This market demand underscores the enduring value and collectibility of Patek Philippe watches, making them an attractive investment choice. While the value retention of any luxury item is subject to market fluctuations, the historical trends and enduring reputation of Patek Philippe suggest a high likelihood of sustained value over time.

The S&R Watch Experience

Own a piece of history with Patek Philippe, a brand synonymous with heritage, precision, and enduring craftsmanship. Every watch tells a story, and yours begins here. With a legacy spanning over a century, S&R Jewellers is your gateway to the world of Patek Philippe. Our seasoned experts are here to guide you, ensuring you find the perfect timepiece that suits your style and aspirations.

Book an appointment at one of our London Showrooms today or contact us for personalised assistance. Your journey to owning a Patek Philippe masterpiece starts here, at S&R Jewellers. Alternatively, if you have an old Patek Philippe to sell, feel free to get in touch with Suttons & Robertsons for a valuation.