When it comes to luxury watches, Patek Philippe is a Swiss brand that tops the list. These are extremely complicated watches that only skilled and experienced craftsmen can create. Patek Philippe watches are considered one-of-a-kind masterpieces in the world.

Tycoons, successful businessmen and collectors around the world always want to own a watch of this brand to show class, power and wealth.

Throughout history, many royals, aristocrats and celebrities have owned Patek Philippe watches, such as Pope Pius IX, Queen Victoria of England, King of Italy Victor Emmanuel III, King of Denmark Christian IX, scientist Albert Einstein...

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Patek Philippe watch models. Photo: SWM

The Patek Philippe Henry Graves Supercomplication pocket watch once sold for $23.98 million. Or the Patek Philippe 1518 Stainless Steel sold for $11 million. Of the 386 Patek Philippe 1518s, 382 were made of gold, only 4 were made of steel, and there were no diamonds or precious stones on the surface.

One of the reasons why Patek Philippe is the most expensive watch in the world is because of its craftsmanship and impeccable quality. Each Patek Philippe watch is meticulously designed to the finest detail and quality.

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Mr. Peter Frieß, Director of the Patek Philippe Museum since 2014. Photo: SWM
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Handcrafted stages. Photo: SWM

Compared to other watch brands, Patek Philippe is still completely handcrafted from start to finish. More than 200 parts are completely handcrafted, perfectly combined by master craftsmen.

In addition, the manufacturer uses expensive materials such as silver, white gold, diamonds, emeralds, etc. to make watches. The polishing, stone setting, diamond inlay, etc. are also done carefully and elaborately.

Throughout the watchmaking process, Patek Philippe always puts creativity, innovation, and variation into it to continuously create watches that are considered masterpieces. This explains why each Patek Philippe has a "burning" expensive price.

Uniqueness is also a factor that makes Patek Philippe expensive. According to estimates, since its establishment, Patek Philippe has produced less than 1 million watches. Each year, the company only produces about 55,000 masterpieces to increase the exclusivity of the brand.

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Patek Philippe diamond watch.

Part of the reason is that it takes a long time to make by hand. Patek Philippe also aims for quality over quantity. In economics, the more exclusive and scarce an item is, the more valuable it is. People always want things that are hard to get and expensive.

In fact, Patek Philippe never produces cheap watches. A Patek Philippe watch costs at least $10,000. The special thing is that even if you have money, you still cannot buy a Patek Philippe.

The list of buyers will be in order of businessmen, powerful politicians, famous artists and finally rich people. Limited editions, if simply rich people, not on the priority list, will hardly have the opportunity to own.

In 1996, Patek Philippe launched the message “You never really own a Patek Philippe, you just look after it for the next generation”. As a result, the resale value of Patek Philippe is far superior to all other watches. Vintage to modern Patek Philippe watches do not depreciate over time.