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Patek Prices/Pricing Guide

Use our updated price guide below to get an approximate value or worth of your Patek Philippe watch is worth. Prices will fluctuate periodically depending on the market supply and demand. The below valuations should only be used as a general guide. If you would like a firm purchase offer, appraisal or quote for your wristwatch fill out our easy watch quote form. Unlike other luxury watch brands like Rolex and Cartier, there is a much tighter margin between Patek Philippe watches for sale and their selling prices.

About Patek Philippe Watches

The Patek Philippe watch company was officially launched in 1851 when Patek joined with the French watchmaker Adrien Philippe. Philippe was the inventor of the keyless winding mechanism. Patek Philippe pioneered many innovations in watch making including the perpetual calendar, split-seconds hand, chronograph, and minute repeater. Patek Philippe is notable for manufacturing its own watch components and its impeccable product. These timepieces are usually sold for a high price because of their unique look and innovative mechanical features.

Patek Philippe is no stranger to supplying watches to the rich and powerful. In 1851, Patek Philippe started supplying its watches to Queen Victoria and her consort, Prince Albert. November 1851 during the Great Exhibition of London Queen Victoria acquired a key-wound Patek Philippe watch created in a pendant style in. She also owned a Patek Philippe timepiece that is worn pinned to clothing like a brooch. This unique and stunning timepiece offers a watch suspended from a diamond and enamel brooch.

It is no surprise then that Patek Philippe timepieces sell for record numbers at auction. In 1999, an ultra-complicated pocket watch that had been made exclusively for Henry Graves Jr. was sold at auction for $11 million. This timepiece set the record as the most expensive timepiece ever sold. Nine years later, the company again broke a record by selling the most expensive modern wristwatch. The Sky Moon Tourbillion, made of platinum, sold for $1.49 million. Another record was set in 2010 when a Patek Philippe yellow gold perpetual calendar and moonphase display wristwatch became the most expensive watch sold during an auction period, selling at $5.5 million.

In 1989, Patek Philippe created one of the most complicated mechanical watches ever made; the Calibre 89. This impressive timepiece was created to celebrate the 150th anniversary of the company. Unlike any other watch, this timepiece holds 39 complications including the date of Easter, time of sunrise, equation of time, sidereal time, and many more. This timepiece is so complicated it includes 1,728 unique parts to create the sidereal time, a 2,800 star chart, and more. The Calibre 89 also adds a day to February for leap years while leaving out the extra day for every 100 year interval. Again in 2005, Patek Philippe introduced another modern innovation in watch making; the Silicon Escapement Wheel.

The Patek Philippe company has certainly come a long way from its humble beginnings, having produced over 40,000 watches in 2002 alone. If you are looking for a timeless timepiece that offers innovation and superior craftsmanship, be sure to consider Patek Philippe.