What is Patek Philippe price?
Prices at a Glance: Patek Philippe Watches
| Model, reference number | Price (approx.) |
|---|---|
| Grand Complications, 5208R-001 | 928,000 USD |
| Celestial, 6102P-001 | 307,000 USD |
| Perpetual Calendar, 5160/500G-001 | 176,000 USD |
| Nautilus, 3700 | 143,000 USD |
Why Patek is so expensive?
The manufacturer only uses stainless steel for a small selection of watches. The way Patek Philippe watches are created means their production takes longer, resulting in lower inventories than most other luxury brands. This makes Patek Philippe watches highly exclusive and, thus, expensive.
What makes this Patek Phillipe so expensive?
One of the reasons Patek Philippe watches are so expensive is the amount of research, development and design that has gone into the initial conception of the watch. For example, a new movement can take several years and millions of dollars to develop.
Is a Patek Phillipe a good investment?
Patek Philippe Aquanaut watches are more affordable than Nautilus models yet still hold their value significantly, making them a great investment option if you’re looking to spend less initially on your purchase. Its design is familiar to the Nautilus too, appealing to fans of the iconic model.
How much do Patek Philippe watches cost?
Patek Philippe watches range anything from $25K – $500K. Accessories cost from $500 – $10,000 . Servicing it every 4 years $1k – $5k depending on it’s complications. I would say, anyone earning a net salary of $5k a month after taxes ($60k per annum) should be able to afford a basic entry Patek.
How many watches does Patek Philippe produce annually?
This leads us to the question: How many watches does Patek Philippe make annually? In 2018, Patek Philippe made 62,000 timepieces. To make this possible, the company employs more than 2000 employees. Note, however, that far from everyone works with the manufacturing part.