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. The “big four” private watch brands—Rolex, Patek Philippe, Audemars Piguet, and Richard Mille—all gained market share in 2023, while several conglomerate-owned brands lost ground, according to Morgan Stanley’s seventh annual “Swiss Watcher” report, compiled in conjunction with LuxeConsult.And frankly, these two pieces will not appeal to the same consumer! Today, we are going to take a look at what some have dubbed the watch industry’s big four: Audemars Piguet, Rolex, Richard Mille, and Patek Philippe. Each of these hallowed brands has its own distinct story, character, and style.As such, the Holy Trinity of Watches is made up of three ultra-high-end Swiss watch brands: Audemars Piguet, Vacheron Constantin, and Patek Philippe. All three of these prestigious brands boast very long histories, which not only demonstrate centuries-old experience, but also continued relevance in today’s market.
How much does a Patek cost retail?
Patek philippe watches cost around $48,000 on average, though prices range from around $11,000 to $584,000 depending on the model. Patek philippe’s most popular collection, the complications, costs an average of $43,000. Other popular collections include the calatrava, nautilus, and aquanaut. Which watch do billionaires wear? You often see patek philippe grandmaster chime, richard mille rm 88 smiley tourbillon, rolex daytona “le mans” edition, audemars piguet royal oak, and f. p. journe chronomètre bleu byblos on their wrists. These watches stand out because they use rare materials.A-010. The patek philippe grandmaster chime ref. A-010 is arguably the most difficult patek philippe watch to obtain. Released to celebrate the brand’s 175th anniversary, this timepiece features 20 complications, making it one of the most complex wristwatches ever made.Rolex: The Top Luxury Watch Brand No surprises here, but the top luxury watch brand in the world, the king of kings, is Rolex — by far.