Is Patek Philippe overpriced?

Whether or not Patek Philippe is overpriced is a matter of opinion. However, many collectors believe the Swiss watchmaker's timepieces are well worth the money due to their fine materials, expert craftsmanship and precision timekeeping. It's rumored that Patek Philippe has manufactured fewer than a million watches over its more than 175-year history. The limited supply of the company's watches, compared to their high demand, contributes to the price. On 1stDibs, shop a selection of Patek Philippe watches.