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. Understanding the term. The term “poor man’s rolex” is a term used to describe high-quality watches that resemble a rolex in style, craftsmanship, or prestige, but which are more affordable. These watches are considered excellent alternatives for those who admire rolex but prefer not to spend as much money.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.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.Rolex. Despite the soaring popularity of Rolex women’s and men’s watches, each timepiece is still made by hand. Internationally recognized as a status symbol, Rolex watches are forever in high demand.