The world of luxury handcrafted watches has remained ever-green through the ages. The value of a well-designed and exquisitely made chronograph stands the test of time. It always remains a precious asset and commodity that hold both substantial monetary and intense emotional value for those who are fortunate enough to own them.
Any discussion regarding luxury Swiss watches would be incomplete without mentioning the most renowned brand that has firmly placed itself in the chronograph hall of fame – Patek Philippe!
This exclusive watch brand is incredibly well-known globally for its designer watches. Each carries handmade movements, placed together by skilled artisans that bring decades of experience under their belt.
Each timepiece from Patek Philippe is considered a rare asset, and the manufacturers spend up to 9 months on each watch, meticulously putting together the delicate mechanical mechanisms of each timepiece.
Why are Patek Philippe watches expensive?
Patek Philippe watches are considered a highly profitable investment because of their exceptional value and, more importantly, the resilience of their worth.
Even after considerable periods, a Patek Philippe watch can even gain double its original value in the market, while some pieces can cost upwards of a hundred thousand pounds!
This high price tag is due to three factors.
One – the exclusivity of the timepieces. Each chronograph series is created in limited quantities, with some special editions being considered exceptionally rare and impossible to get one’s hands-on!
The second factor is the time and labour that goes into making each timepiece. Each timepiece is put together by expert watchmakers who spend hours piecing together each piece’s delicate movements, ensuring the movement’s sensitivity down to the very milli second!
The third factor that makes Patek Philippe watch so expensive is the incredibly high-quality material utilized in their construction, which alone puts the price tag at a considerable high!
All these factors combine to make Patek Philippe watches rise to the highest range in the world of luxury watches and timepieces.
Are Patek Philippe watches a good investment?
Patek Philippe watches make an excellent investment due to three factors.
The first is that these watches hold their value due to their exclusivity and quality, making everyone want a piece! Due to the high demand, Patek Philippe watches usually appreciate, with some vintage pieces on sale for over ten times their original price!
The second factor is that Patek Philippe watches are instantly recognizable and add an immense dignity to your persona, helping you find your way across the maze of influential circles and serving as a direct ticket to the most tightly knit circles, all with a single Patek Philippe watch on your wrist.
The third factor that makes Patek Philippe watches a good investment is that each watch can last a lifetime and even turn into an heirloom if you treat it with the proper attention and care. Each piece’s incredible craftsmanship makes every watch incredibly long-lasting and durable, which adds even more to their value and worth.
Do Patek Philippe watches hold their value?
Yes, Patek Philippe watches hold their value quite well, and you can expect to receive a substantial return on your investment if you can hold on to the piece until the most opportune moment arises. Sometimes, a particular piece comes into high demand by enticing a prolific collector’s interest or coming back into fashion. Specific other series hold their value due to the constant appeal and attraction that they present and due to their design or construction’s timeless nature.
No matter what the deciding factor may be, a Patek Philippe watch can be expected to hold its value for a considerable amount of time, gaining even more in value as time passes.
The Top Patek Philippe Watches
Let us have a look at some of the best Patek Philippe watches to invest in at present.
The Patek Philippe Calatrava
Combining elegance, style, and minimalism, the Patek Philippe Calatrava is an iconic chronograph that has become increasingly rare and exclusive with time. The piece can obtain values of up to £20-25 thousand for mint condition pieces, only depreciating by a few thousand for used items.
The watch features a slim and sleek design paired with luxurious and bold leather straps that perfectly complement each other to form an attractive and stunning accessory that commands its presence when you wear it.
The Patek Philippe Nautilus
The Patek Philippe Nautilus is inspired by ship portholes’ design and is estimated at around £38,000 today. The timepiece was designed in collaboration with Gerald Genta and is one of the most instantly recognizable timepieces in the world.
The Patek Philippe Nautilus is incredibly resistant to devaluation and holds its value exceptionally well, having more than doubled in price since the last decade.
This exclusive timepiece has collectors rushing to obtain an item as soon as it is listed for sale by the many collectors and enthusiasts worldwide!
The Patek Philippe Aquanaut
The Patek Philippe Aquanaut is a much loved and incredibly popular chronograph from the luxury brand. Similar in design to the Nautilus, the Aquanaut offers 120-meter water resistance and a 40-hour power reserve provided by the Caliber 324 S C.
The piece can obtain a value upwards of £23 thousand in mint condition, and used pieces only go for a few thousand dollars less in the resale market.
The Patek Philippe Aquanaut is equipped with unique straps resistant to corrosion, radiation, abrasions, and saltwater, making them excellent sports watch for luxury chronograph enthusiasts.
Should I Sell My Patek Philippe Watch?
Now that you have an idea of the best Patek Philippe watches to invest in, you can decide whether it is the right decision to sell a Patek Philippe watch if you own one.