Patek Philippe Watches

Buying or selling a Patek Philippe watchIn today’s digitally-guided world, some may see wrist watches as outdated instruments, why wear a clock on your wrist when the mobile phone in your pocket can tell the time just as easily?

What these individuals do not understand is that a practically throwaway digital device cannot replace the craftsmanship of a well-engineered analogue machine – a well-made wrist watch does more than simply tell the date and time, it announces to the world that you are a gentleman or lady who knows and appreciates quality.

And when it comes to exquisite watches, Patek Philippe is the pinnacle of such quality.

Over 150 Years of History

New technology companies come and go, but Patek Philippe and Company has been in the business of creating fine timepieces since 1851.

The company was established in Switzerland by two immigrants: Antoni Patek from Poland and Adrien Philippe from France, both of whom were respected and innovative watchmakers in their own right, so it should have been obvious that they would create something very special indeed.

Swiss watches have long been regarded as the best in the world, and those made by Patek Philippe are perhaps the best of the best. In fact, the company pioneered many of the features that we have come to take for granted in wrist watches, such as the perpetual calendar, the chronograph and double chronograph, and the minute repeater.

When you buy a Patek Philippe watch, you’re not just buying a simple watch: you’re buying a true legacy timepiece. The evergreen design, craftsmanship, and attention to detail are intended to last for generations. Perhaps this is why members of the world’s Royal families own Patek Philippe watches.

Immaculate Quality

Patek Philippe and Company makes watches that are impressive to even the most discerning horologists. This is largely due to the company’s unwavering insistence on quality.

All of the parts and components in a Patek Philippe watch, from the sharp facade to the mechanism’s tiny cogs, are made in house to ensure that they meet the company’s high standards. The materials involved in the creation of each eatch are also perfectly suited to each part’s function.

This amazing precision and attention to detail results in a flawless timekeeping movement in each watch. Watch connoisseurs know that when they buy a Patek Philippe, they are getting the finest timepiece available.

With the focus and time spent on the creation of each watch, one might wonder how they are able to keep up with demand, and the simple answer is that they are not, though is not a concern.

Patek Philippe watches are not produced en masse in a large, impersonal factory, instead each piece is crafted by hand and tested relentlessly. This process renders watches that are perfect, but it also renders far fewer watches than its competitors.

However, the company’s emphasis on quality above quantity has earned them the reputation for being the manufacturer of the best watches available anywhere.

Purchasing Your Own Patek Philippe

A fine timepiece resting on your wrist makes you feel like a gentleman — a Renaissance man, even, who understands that some classics never need updating. If you are ready to purchase your own Patek Philippe wrist watch, there are a few things to keep in mind.

Because Patek Philippe watches are so coveted, they are also widely imitated. Many fake watches are on the market, and it can be a challenge to know if what you are buying is the real thing.

For this reason buying from an experienced, well-regarded jeweller or specialist watch seller is often your best bet. He or she will understand the significance of your purchase, and can lead you to select a watch that will suit both your desires and your price range.

With the advent of the internet it is also very easy to check around a large number of watch dealers to find the best possible price, and another idea since these watches are timeless in terms of style is to think about buying pre-owned, or used Patek Philippe watches.

They are also often sold at auction as well. If you have done your research and are comfortable buying a watch from a trusted auction house, this can be a great way to get a Patek Philippe on your arm at a great price, but remember that auctions usually work on the principle of caveat emptor, or “buyer beware” so you need to be careful that the watch you buy doesn’t have any serious problems that will need expensive repairs.

Some buyers may wonder if they are better off with a new or used watch. The answer is dependent upon your preferences and your budget.
Many models are made for just a few years and are not available new. Sometimes, these can cost somewhat less than a new watch, but other times, they are priced higher depending on the demand for them.

Again, it is always best to consult with a knowledgeable professional who can offer guidance and help you select the perfect Patek Philippe for you.

A Word on Price

Some people may initially be put off by the prices of Patek Philippe watches. It is true that they are relatively high, often running well into the five figure range.

Used models can sometimes be found for under £5,000, though this is not always the case. However, when you consider everything that goes into the creation of a Patek Philippe, plus the fact that these watches are often investments as well as personal adornment, their price tag becomes a bit more justified.

The years of experience, the high quality materials, and the passionate craftsmanship behind each Patek Philippe watch is unique in the business world.

Don’t just think of it as a watch, the connoisseurs tell us, but think of it as you would a rare diamond or a fine automobile.

The limited numbers, exquisite design, and quality meant to last beyond your lifetime make owning a Patek Philippe watch a goal worth achieving.

Selling Your Patek Philippe Watch

Selling a Patek Philippe watch is probably one of the easiest sales you will ever have to make, they are so well regarded and in so much demand you will find that there is literally an army of people who will want to snap your hand off for it.

However, getting your watch in front of those people is a different matter altogether!

As explained in my overview to buying and selling luxury watches, there are many different ways to sell, but most of them (pawn brokers, online auctions, auction houses, local jewellers, etc) will charge fees and/or commissions, or as “ordinary” jewellers will not be able to offer you what your Patek Philippe is worth.

The way to get the highest price is to find a watch dealer that already sells used Patek Philippe watches, since this is their business, and is the product that their clients are looking to buy, and so they can offer you a top price because they know that they will be able to sell it quickly.

Of course there will be costs that they will incur for servicing and repairing any blemishes that your Patek Philippe may have, but even so because it is their specific business they are likely to offer you the best price that you be able to obtain, and will probably buy your Patek Philippe right there and then.