Do Patek Philippe watches retain their value?

Founded in 1839, Patek Philippe is a famous Swiss watch brand and one of the top ten international watch brands, claiming to be the "King of Watches". Patek Philippe is one of the only truly independent watchmakers left in Switzerland and has been producing its own watches since the beginning. It takes about 10 years to train a Patek Philippe watchmaker. Patek Philippe watches certainly hold their value, and Patek Philippe has always been a favorite at auctions, but not every Patek Philippe watch holds its value that well.

On June 27th, 2020, Fu Yisi, in collaboration with Bacs & Russo, held its eleventh Geneva watch auction at the Hôtel La Réserve hotel, featuring a Patek Philippe Super Miscellaneous Functions timepiece, model Ref. 1518, in pink dial rose gold. It is reported that Patek Philippe has produced a total of nine Ref.1518 pink dial rose gold models, and this is still the only one blending blued steel hands of the lone (regular blending gold hands, this is the original owner of the watch private customization), the final price is more than 24 million.

Now, Patek Philippe now sells the super messy chronograph function approximately from hundreds of thousands to millions of dollars, and even with the extra cost of customization, the watch is superbly preserved at today's prices.

As mentioned earlier, Patek Philippe wristwatches are not all so valuable, depending on a number of factors: First, Patek Philippe is the first of the top ten international watches, with the profound watchmaking technology, a long history of cultural heritage; Second, the function of the watch as well as the choice of materials whether to choose a precious metal, such as function, perpetual calendar, moon phase, chronograph, the material is like gold, platinum, K gold, rose gold, and so on; Third, this watch is not a quantitative paragraph, things are rare, you buy this watch in the end how rare, how big the cloth. These all determine whether this watch retains its value.

But nowadays, it doesn't always have to be quantitative and made of precious metals to retain its value. The best example is, Patek Philippe claimed "Nautilus" style, this style of the base model is a selection of stainless steel to create a watch. But the planning is common, by the public favorite, now in the secondary market premium is very high. Patek Philippe not long ago announced the discontinuation of the blue plate stainless steel Nautilus, making the price is soaring.

In a nutshell, the general Patek Philippe more valuable watches, are some masters of the classic manufacturing, or some quantitative models, and some of the function of the more miscellaneous watches, these are some of the more value-retaining styles, but its price is not common people can afford.