Which watch sold for $31 million?
A stainless steel Patek Philippe ‘Grandmaster Chime’ made history in 2019 when it sold for $31 million at auction. The Patek Philippe’s first and only Grandmaster Chime 6300A-010 was exclusively created for the auction. It fetched the highest price and is now the world’s most expensive watch ever.The cost of a new entry-level Patek Philippe watch typically begins at approximately US$20,000 to US$25,000, while more intricate and exclusive models may exceed US$1 million in price.
What watch is worth $500,000?
At Wrist Aficionado, we specialize in ultra-exclusive timepieces with retail or secondary market values exceeding $500,000, including limited-edition Richard Mille tourbillons, off-catalog Patek Philippes, gem-set Rolex Daytonas, and high complication Audemars Piguets. 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.Both Rolex and Patek Philippe come with rich histories, though Patek Philippe’s history is longer, and its tradition is more renowned in horologist circles. Both Patek Philippe and Rolex offer notable watches beloved by collectors. Still, the Patek Philippe seal comes with a higher price tag.The case and bracelet construction of genuine patek philippe watches showcases superior craftsmanship. Edges are sharp and well-defined, and there should be no visible gaps between components. Counterfeit watches often have less refined case work, with visible machining marks or poor finishing.Patek Philippe watches don’t usually lose value. Many models increase in price over the years. Look at auctions—vintage Pateks routinely fetch six or even seven figures. That’s why collectors consider them not just luxury buys, but smart investments.
What is the cheapest Patek Philippe watch?
What is the cheapest Patek Philippe watch? The models in the Twenty~4 series are among the most affordable watches in Patek Philippe’s current range. The stainless steel reference 4910/1200A-001, which is equipped with a quartz movement, costs around 1,642,312. INR in unworn condition on Chrono24. The absolute floor price for a Patek Philippe is typically found in the vintage quartz-powered ladies’ collection, which can be acquired on the secondary market for as low as $12,000 to $15,000. For a men’s mechanical watch, the floor is around $18,000 for specific vintage Calatrava models.What is the cheapest Patek Philippe watch? The models in the Twenty~4 series are among the most affordable watches in Patek Philippe’s current range. The stainless steel reference 4910/1200A-001, which is equipped with a quartz movement, costs around 18,140. USD in unworn condition on Chrono24.Comparatively, in-production Patek Philippe Nautilus watches typically trade for 45. With an estimated secondary market value (in USD) of $221,538, the Patek Philippe 5740/1G trades for 13. United States.
Can you insure a Patek Philippe watch?
A Patek Philippe watch insurance policy ensures you are protected from theft, loss, damage, and mysterious disappearance. If any of these events happen, your insurance company will repair or fully replace your timepiece at no out-of-pocket cost to you. 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.