Only 60,000*Patek Philippe does not disclose its annual production or revenue — but reports have estimated it produces 60,000 timepieces annually and generates 1.5 billion Swiss francs in sales. Patek Philippe watches are made in a year; for comparison, the luxury watch manufacturer, Rolex produces close to a million watches each year.
And the company keeps detailed archives of every single timepiece they have ever produced since its founding in 1839.
Authorized dealers don’t sell to just anyone; there is an application process where a prospective buyer has to submit a form & details to demonstrate his/her high social status to own a Patek Philippe.
The other way to own a Patek Philippe is to bid in auctions but that works out to be too expensive.
Some of the most famous people have owned Patek Philippe timepieces; a few notable names are Albert Einstein, Pablo Picasso, Walt Disney, JP Morgan & Nelson Mandela.
Reason 2: Unbelievable resale value
It is believed to be a stellar investment as in many cases the resale is higher than the original price paid.
Some of their models from Nautilus and Aquanaut range are said to have a higher price in the secondary market than the retail price because of limited supply and high demand.
Reason 3: Craftsmanship
Patek Philippe watches are known to be complex pieces (with 100 to 350 parts) and are assembled and finished by master craftsmen with their hands; it takes over 1000 people to make a single watch.
Reason 4: Quality & Innovation
Patek Philippe watches come with a 2-year warranty and a lifetime service pledge that states that all watches since 1839 can be restored and maintained. Watch this astonishing video to experience how the service is carried out.
The confidence in their quality was also captured beautifully in their famous 1996 campaign that had the tagline, ‘You never actually own a Patek Philippe. You merely look after it for the next generation’.
Most of the models are made in gold and platinum and the color of the dial is worked out by expert chemists using a strictly guarded science.
They not only focus on heritage but also on constant innovation and have over 100 patents in watch-making; Wristwatch is Patek Philippes’ invention and the first-ever wristwatch*They were mostly into pocket watches before inventing the wristwatch. was made by Patek Philippe in 1868.
Facts weaved very well into lovely story in 2minutes. Well done Rama Rohini
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