Is Patek Philippe 5711 1A discontinued?
In 2021, when patek philippe discontinued its best-selling ref. A-010 — the model with eight-year wait lists, for those who could get on the wait list at all — prices for the $33,000 stainless-steel wristwatch with a black-blue dial soared into six-figure territory on the secondary market. Patek philippe is renowned for its highly exclusive and rare timepieces, catering to discerning collectors and connoisseurs. The brand maintains a low production volume to ensure scarcity and prestige. As of 2022, patek philippe produces approximately 62,000 watches per year, a slight increase from 58,000 in 2017.The cost of a Patek Philippe 5712 in our collection goes from USD $140,000 to USD $280,000 depending on the condition of the timepiece.Comparatively, in-production Patek Philippe Nautilus watches typically trade for 38. With an estimated secondary market value (in USD) of $189,906, the Patek Philippe 5712/1R trades for 77. United States.Since 1932, the company has been owned by the Stern family in Switzerland and remains the last family-owned independent watch manufacturer in Geneva. Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted watchmaking history since its founding.
Who owns Patek Philippe now?
Established in 1839, it is named after two of its founders, Antoni Patek and Adrien Philippe. Since 1932, the company has been owned by the Stern family in Switzerland and remains the last family-owned independent watch manufacturer in Geneva. Thierry Stern is both the owner and director of Patek Philippe, one of Switzerland’s four leading independent watch brands. In an interview he explains why the prestigious Geneva-based company produces almost all its timepieces in-house, while delegating sales to outside partners.Fake watches often show blurry or inconsistent printing. The hands on genuine Patek Philippe watches are precisely crafted with perfect proportions, while counterfeits may have rough edges or incorrect shapes. The case and bracelet construction of genuine Patek Philippe watches showcases superior craftsmanship.As one of the most prestigious watchmakers in the world, Patek Philippe watches don’t come cheap. The watch brand is sometimes referred to as the Rolls Royce of luxury watches, which is a reference to the brand’s rich heritage, quality, craftsmanship, and, of course, the high price tag.PPF Factory is highly respected for its superb replicas of Patek Philippe watches, particularly the Nautilus and Aquanaut. These watches are incredibly difficult to replicate due to their complex design, and PPF Factory excels at capturing the distinctiveness of these luxury models.