How do you get a Patek in retail?
Authorized Dealers. The Authorized Patek Philippe retailer (AD) is the most common point of sale to buy a new Patek Philippe watch. Because there are no Patek Philippe Salons in the United States, buying from an AD is the only option if you want to buy a brand-new piece.
Can anyone buy a Patek Philippe?
There are three major avenues people use to buy Patek Philippe watches. The next option to acquire your Patek Philippe is from a third party owned jewelry store or a stand-alone boutique that is authorized by Patek Philippe to sell its watches. The non-Patek Philippe affiliated option is the secondary market.
Do Patek Philippe watches hold value?
RESALE VALUE: Patek Philippe’s watches are known to either hold their value or even appreciate over time. Patek Philippe has one of the highest resell values among its competitors with the exception of Rolex. So there is much truth to their campaign slogan, it’s an accurate description of their products.
Why are Pateks 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.
Is there a waiting list for Patek Philippe?
Little did we expect that Patek Philippe would drop an unnecessary bombshell at the start of January this year to announce that it will be retiring the Ref. 5711/1A-010 in 2021 even though there’s a waiting list of between eight years and the-day- you-get-to-see-your-great-grandkids.
Who owns Patek Philippe?
The Swiss Stern family has owned Patek Philippe since 1932 when Charles Stern and Jean Stern acquired the company during the Great Depression.
Are Patek Philippe good investments?
Patek Philippe watches are considered a highly profitable investment because of their exceptional value and, more importantly, the resilience of their worth. All these factors combine to make Patek Philippe watches rise to the highest range in the world of luxury watches and timepieces.
What is the rarest Patek Philippe watch?
The most expensive watch ever sold at auction is the Patek Philippe Grandmaster Chime 6300A-010 selling for $31,19m at the Only Watch Auction in Geneva in 2019.
Is Patek a good investment?
Yes, absolutely some Patek Philippe watches can be a good investment but a luxury watch is not the sort of purchase you should make lightly. You should do plenty of research before committing to a particular model or brand. There are lots of reasons why people purchase luxury watches, too.
How long is Richard Mille waiting list?
There is a two-month wait list at boutiques to get new model watches from Richard Mille. If you want to get their newest watch today, expect to pay $5,000 to $10,000 over that price from someone who bought the watch just to market it up and resell it.