Patek Philippe - Years of Luxury and Status

Patek Philippe is a Swiss luxury watch manufacturer founded in the mid-19th century. The company is owned by the Stern family and managed by Henri Stern and his son. The great uniqueness of Patek Philippe products lies in the strict manufacturing standards, which bear the Geneva seal, and in the fact that the company manufactures most of the watch components itself. The company's conservative approach, in design, construction materials, and various mechanisms, contributes significantly to the prestigious and rare image that accompanies the company's watches.
Patek Philippe - Years of Luxury and Status

A little about the history of the company Patek Philippe

In fact, it all began in 1839, when Antoine Patek began making pocket watches, alongside his Polish immigrant partner, František Čapek. In 1844, they decided to go their separate ways. A year later, Patek teamed up with French watchmaker Adrien Philippe, and in 1851, the Patek Philippe company was founded. .

In 1868, the company produced Patek Philippe invented the first wristwatch. In fact, the company is known for introducing various innovations into the watches it produced, including: a perpetual calendar, a seconds hand, a chronograph, and even an audible minute minder. .

One of the company's important milestones is the production of a highly complex and sophisticated pocket watch in 1933. The watch was made for the American banker Henry Graves Jr. (Henry Graves, Jr.), and in 1999 after his death, the watch was sold at auction and purchased for $11 million. What was so special about this purchase? In fact, it was the most expensive watch ever sold up to that time. Almost 10 years later, the company made history again, selling a wristwatch model "Sky Moon Tourbillon" made of platinum, priced at 1.49 million US dollars, was the most expensive wristwatch sold in the world .

What makes the company's watches a status symbol of luxury is, among other things, its list of high-profile clients, which includes Pope Pius IX, Christian IX, King of Denmark and his wife Queen Louise, Vittorio Emanuele III, King of Italy, and others. .

Company's collectible watches

Throughout the company's more than 150 years of existence, it has produced Patek Philippe Approximately 600,000 watches only. The uncompromising quality of the watches, along with the company's innovation and small but meticulous production, have made Patek Philippe watches a coveted collector's item that sells for high prices at auctions. .

The company runs a prestigious watch museum in Geneva, which is visited by watch enthusiasts from around the world. As part of the prestige and demand for the company's products, a tradition has been added in which company representatives purchase rare watches made by Patek Philippe at various auctions, in order to enrich the watch collection displayed in the museum. .

Two of the most famous watches released as limited editions over the years were :

model Caliber 89, which was created in honor of the company's 150th anniversary in 1989. It is one of the most complex mechanical watches ever made, with the watch equipped with 33 different dials, including the Easter holiday, a thermometer, and the sunrise time. .

The second model that has become a collector's item is the 175th model. R, released in honor of the company's 175th anniversary celebrations Patek Philippe only produced 7 units of the sought-after model, one of which is on display at the Royal Museum in Geneva. The other 6 units sold for approximately $2.6 million each. It is the most complex watch ever made, with 1366 moving parts, and a double-sided watch. .