We are back for part two in our series dedicated to why we love Patek Philippe watches.
In the first episode we covered ‘The class in lack of abundance’, which you can find by clicking the link here. Moving on from the first episode we will be discussing the value of investment once you’re the proud owner of a Patek Philippe watch, whether that be one or more of the vintage wrist watches, or antique pocket watches.
An investment of value when you’re with Patek Philippe
Let’s be honest, you can’t really argue with the facts when they’re laid in front of you: Patek Philippe timepieces have a re-sale value which trumps the watch market not just in the vintage market, but the modern one too.
Movements completed and delivered within the last few months for Patek’s 175thanniversary collection have already begun trading on the secondary market for astonishing prices. Pieces such as the 5131 Cloisonné enamel instantly commanded nearly double their retail price at auction, straight from retail. (They were recently discontinued in white and yellow gold, which may add even more value to those models already.)
Taking a view from a broader, more historical outlook, it was possible to have purchased a Calatrava for £201 in the 1950s; today, they can command over £13,400. There are perpetual chronographs – namely the 2499/100 fourth series- that cost under £13,400 in the 1980s but fetch well over £267,900 today.
Who says that a watch is merely for telling time?