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Is Patek Philippe overpriced?

Is Patek Philippe overpriced?

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. The most expensive watch ever sold was made by patek philippe for their 175th anniversary and was auctioned for charity. The winning bid for the grandmaster chime ref. A-010 was an almost incomprehensible $31 million dollars.

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