Is A Patek Philippe A Good Investment

It shouldn’t be surprising that a Patek Philippe holds the world auction record for a watch ($31.2 million for a Patek Grandmaster Chime, sold at Christie’s). Known for impeccable craftsmanship and some of the most complicated timepieces ever created, the brand is considered by many to be the height of fine watchmaking. Collectors simply love Patek Philippe watches.

The house was founded in Geneva in 1839 by Polish expats Antoni Patek and Franciszek Czapek. Czapek left the firm, and in 1845, Patek partnered with French watchmaker Jean Adrien Philippe. It was the beginning of a beautiful friendship.

Catering to the glitterati of Europe, the pair counted among their clients Tolstoy, Pope Pius IX and Queen Victoria, as well as Countess Koscowicz of Hungary, for whom they created the first Swiss-made wristwatch in 1868. They also had their eye on the American market and in 1851 entered an arrangement with Tiffany & Co. still in effect today.

During the Great Depression, brothers Jean and Charles Stern, who had previously supplied Patek Philippe with watch dials, bought the company, and it continues to be run by the Stern family today.

Under the Sterns, the house has developed some of its most famous models, including the Calatrava, an elegantly minimal dress watch introduced in 1932 and named for the Calatrava Cross (the company’s logo since 1887), and the Nautilus, the brand’s first sports watch, conceived by legendary designer Gérald Genta in 1976.

Despite the house’s longevity, it’s rumored that it has manufactured fewer than a million Patek watches, making each one all the more coveted. (The brand's pieces are understandably attractive to counterfeiters — make sure you know how to spot a fake Patek Philippe watch.)

Find authentic Patek Philippe watches, cufflinks, bracelets and more on 1stDibs today.

Records show that, in Europe, by the 16th century, it was high time for portable clock devices. Right now, perhaps you’re shopping for your own. If so, find a vast range of fashionable and functional antique, vintage and luxury watches on 1stDibs.

While wall-mounted time tellers and grandfather clocks were much more convenient than the sundials of ancient history, watches were becoming crucial for an increasingly connected society whose members learned that the latest advancements in technology meant they could carry devices that kept time to within a minute a day. Tragically, the first pocket watches — albeit an improvement on the accessories that preceded them, which dangled from a chain worn around the neck — didn’t help much as far as accuracy or portability. Focused on style over substance, the upper class frequently carried lavish pieces that ran hours behind. 

Eventually, watches migrated from owners’ pockets to their wrists. In the early days of watchmaking, watches were fragile enough that they necessitated protection from the elements. Now, wristwatches made of gold and steel can withstand the harshest climates — even 100 meters underwater, in the case of Rolex’s Submariner. Designer Gérald Genta, whose range of clients included Rolex, created for Audemars Piguet the first luxury sports timepiece to be made from stainless steel. First introduced in 1972, the Royal Oak was a perfect choice for blending the form and function that are now synonymous with sports watches.

Indeed, although exceedingly practical, the watches of today are far from bland. Bulgari’s iconic Serpenti watch was on everyone’s list after the collection’s bold bracelet, which technically debuted after the timepiece, graced the wrist of actress Elizabeth Taylor. If anything, elaborately crafted timepieces — the unmistakably boxy silhouette of Cartier Tank watches, the elegant and minimal Calatrava designed by legendary Swiss house Patek Philippe — are even more effective than the shape we associate with traditional watches. You’ll always know what time it is because you won’t be able to tear your eyes away from your new accessory. 

Form watches — the all-encompassing moniker bestowed upon non-round watches — are making headlines and completing contemporary fashionable ensembles the world over. At the same time, both casual fans and careful collectors are drawn to the unbeatable charm of vintage styles, such as the icons designed by Omega that even James Bond can’t resist. 

When shopping for a watch, it’s good to keep your needs as well as your specific personal style in mind: A smaller, subtle timepiece is a good fit for small wrists. When will you be wearing your new accessory? There’s a versatile model out there for everyday wear, while a rugged, feature-heavy watch is a safe bet if you’re prone to embarking on all-weather activities in the great outdoors. 

Find exactly what you’re looking for in an unparalleled collection of antique, vintage and luxury watches on 1stDibs that includes Cartier watches, Rolex watches, Patek Philippe watches and more — we promise it will be worth your time.