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Luxury Watches
Patek Philippe prices

Patek Philippe Complications Annual Calendar Chronograph 5960P-001

Patek Philippe prices: why are these watches so expensive?

Founded in 1839, Patek Philippe is one of the world’s oldest watch companies, and also one of the last in Geneva to still be family-owned. Known for having many royal and high-profile fans, including Queen Victoria, Queen Elizabeth, and John F. Kennedy, its prestigious reputation is one of the main reasons why Patek Philippe prices can be so high.

Patek Philippe prices: how expensive are the different collections?

Most horologists have a special place in their heart for Patek Philippe, and it’s easy to see why. It is renowned for inventing some of the most mechanically complicated watches in the world, and even invented landmark features, such as the keyless winding mechanism and the first ever double chronograph. The luxury watchmakers now offer over 200 different models, but ask any Patek Philippe enthusiast, and they’ll tell you that the Calatrava and the Nautilus collections are by far the most popular. The Calatrava was invented in 1932 and is defined by its classic appearance. Said to epitomize Patek Philippe’s style, its simple, round face and elegant lines have barely changed since its original model, although there are now several automatic designs available. These watches are a great investment and have achieved cult status — you can pick up a pre-owned model from around $9,800. Unlike the Calatrava, the Nautilus is sporty and feature-focused. Originally created in 1976, it immediately garnered popularity thanks to its unique porthole-inspired casing. If you’re lucky enough to find an original stainless steel design, expect to pay around $81,000. Later and modern models boast a mix of high-end technology, including moon phase indicators and second time zones. So, what are the current prices of a Patek Philippe Nautilus watch? They start from $35,000 and can go all the way up to $218,000 for the women’s 33mm model in white gold. Patek Philippe costs start to rise significantly when it comes to its most expensive collection: the Grand Complications. Seen as more of a piece of art than a timepiece, these watches have some the world’s most intricate mechanical complications, such as a split-seconds chronograph. To buy one new, expect to pay between $35,000 and $47,000. But for the more iconic models, such as the 5304R, prices can reach all the way to $583,000!

Patek Philippe prices: are they a good investment

When considering a Patek Philippe watch price it’s worth remembering that in 2018, out of the top ten most expensive watches sold, eight of them were made by this luxury Swiss company. This says a lot how well they appreciate in value. Vintage models aside, Patek Philippe watches are renowned for their timeless aesthetic, so they rarely look ‘dated’ and out-of-fashion. So whether or not you decide to buy one in the hope of it being a good investment, there’s no doubt that these elegant timepieces will never go out of style.