How many Patek Philippe are sold each year?
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. Patek philippe is committed to the preservation and endurance of your piece, but in order to fully appreciate a patek philippe watch, the owner must take consistent care and respect its mastery. Every three to five years, patek philippe recommend servicing your watch to maintain its quality in performance and beauty.The chances of being able to buy a watch from Patek Philippe is the same as trying to walk in and buy a brand new Rolex Daytona… Slim to none. This is because most of the collections from the brand have an extensive waitlist that stem from under a year to around 8 years at the time of writing.Obviously, Pateks are more expensive, but that doesn’t necessarily make them “better” in the grand scheme of things. Patek has been making watches for 180 years, while Rolex has only been around for 110,” notes Bob’s Watches founder and renowned Rolex collector, Paul Altieri.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.
How long is the waiting list for Patek Philippe?
We completely understand if you do not have the time nor the patience to be on a waiting list for around 1 to 8 years. From the sporty Patek Philippe Nautilus timepiece to the chic Patek Philippe Aquanaut, rest assured that you are buying into a highly reliable and lusted after brand. 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.The reason for that is the high demand for the Patek Philippe 5711 in particular, having surpassed supply in recent years that neither Patek Philippe nor any of its retailers will simply sell one. It is estimated, that it could take up to 8 years to get this particular model if you can get on the waiting list.The Patek Philippe Stainless Steel Ref. Rs 100 crore). Produced in 1943, it is part of an exclusive four-piece series, making it an extremely sought-after collector’s item.The highest known price paid for a watch is for the Graff Diamonds Hallucination, valued at approximately Rs. This extraordinary jewellery timepiece is adorned with 110 carats of rare, multi-coloured diamonds, setting a remarkable benchmark in luxury.