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Can you resell a Patek Philippe?
Sell Us Your Patek Philippe
Not only do we provide the most exceptional customer service, but we offer some of the highest values for your Pre-Owned Rolex Patek Philippe and any other luxury watch brand. Precision Watches is the leading and most trustworthy online marketplace to sell your watch.
Does Patek Philippe have resale value?
RESALE VALUE: Patek Philippe’s watches are known to either hold their value or even appreciate over time. Patek Philippe has one of the highest resell values among its competitors with the exception of Rolex. So there is much truth to their campaign slogan, it’s an accurate description of their products.
How much can I get for my Patek Philippe watch?
| Description | Buy Price |
|---|---|
| Stainless Steel | $5,000 – $7,000 |
| Steel & Gold | $3,000 – $4,500 |
| Yellow Gold | $6,000 – $7,500 |
| Platinum | $13,000 – $30,000 |
Do Patek Philippe watches lose value?
The Patek Philippe Nautilus is incredibly resistant to devaluation and holds its value exceptionally well, having more than doubled in price since the last decade. This exclusive timepiece has collectors rushing to obtain an item as soon as it is listed for sale by the many collectors and enthusiasts worldwide!
What is Patek movement number?
The Patek Philippe reference numbers start with a 3, 4, 5, 6, or 7. Men’s watches have a 3, 5, or 6 as the first number and the reference number of women’s watches begin with a 4 or 7. The second digit of the reference number usually refers to the collection the watch is from.
Do Patek Philippe watches have serial numbers?
Patek Philippe watches with solid case backs have their serial and model numbers printed inside the case, while watches with exhibition backs have their serial and model numbers printed around the interior edges.
Which watch brand has the highest resale value?
- Rolex. They’re the undisputed champions when it comes to brands that hold their value well—almost like real estate. …
- Patek Philippe. …
- Jaeger-LeCoultre. …
- Omega. …
- TAG Heuer.
Which watch will increase in value?
- Patek Philippe Nautilus. …
- Steve McQueen wearing Rolex. …
- Jaeger-LeCoultre Reverso. …
- Omega Speedmaster Limited Edition. …
- Rolex Sea-Dweller. …
- Linde Werdelin 3-Timer. …
- Zenith Chronomaster.
Will Patek prices keep going up?
Today, the entire Patek Philippe website has been refreshed with new 2022 pricing, as well, where increases vary wildly. On the below rate-of-inflation end of the spectrum, we see that the 5270J, Patek’s solid-gold grand complication, increased from $176,240 to $182,150, which represents a 3.4 percent rise.
How much is the most expensive Patek Philippe watch?
1. Patek Philippe Grandmaster Chime 6300A-010 – $31.19m USD. The most expensive Patek Philippe watch ever to be sold is the Grandmaster Chime 6300A-010. Created especially for the Only Watch Charity Auction in Geneva in 2019, the 6300A-010 sold for a whopping $31.19m USD.
How much is the price of Patek Philippe?
The cost of a Patek Philippe ranges anywhere between $21,000 and $485,000. The vastly wide range in pricing between Patek Philippe watches vary based on materials, complications, popularity, and complexity. Patek Philippe watches are made by hand which means two things.
Why is Patek Philippe so expensive?
Quality is the most precious resource at Patek Philippe. The entire company is designed to support it. With the introduction of the Patek Philippe Seal in 2008 the company imposed rigid standards that often exceed normal industry standards. But the commitment to quality does not just apply to the watches themselves.
How many Patek Philippe are sold each year?
Patek usually makes around 60,000 watches a year. Like the other brands, the company says it can’t substantially increase production without compromising quality.
Is Patek Philippe a good watch?
Patek Philippe watches are considered to be the world’s best: full stop. Of course, there are other impeccable Swiss watch manufacturers with distinguished pedigrees and refined watches, but Patek Philippe has lodged itself in the conscience of watch lovers as the best brand of them all.
Do luxury watches appreciate in value?
Key takeaways. Luxury watches can increase by value, often by over 69 percent every decade. Rolex watches remain the most reliable brand in terms of value appreciation and holding value. Mechanical watches with a high level of rarity tend to do best as investment pieces.
Is Patek Nautilus a good investment?
The Nautilus 5117 is peerless in its popularity, definitely one of the most desirable watches on the market today, if not the most desirable one. This watch has now been discontinued which makes it even more desirable and you can’t go wrong if you decided to invest in this Patek Philippe watch.
Why do Pateks cost so much?
Quality is the most precious resource at Patek Philippe. The entire company is designed to support it. With the introduction of the Patek Philippe Seal in 2008 the company imposed rigid standards that often exceed normal industry standards. But the commitment to quality does not just apply to the watches themselves.
how to sell a patek philippe watch
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Patek Philippe VS Rolex Watches | Which is Best?
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Patek Philippe
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Sell Patek Philippe Watches – We Pay More-Guaranteed for Your Patek Philippe
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Simply fill out our quote form with the details of the Patek Philippe watch that you would like to sell, and we’ll respond with a free quote. Want to sell your Patek Philippe watch? With Crown & Caliber’s easy and transparent process, you’ll get an accurate, honest price. Get a free quote on your Patek Philippe. - Table of Contents:
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The Ultimate Guide to Selling Pre-Owned Patek Philippe Watches
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Step 1 – Find Out the Reference Case and Movement Numbers of your Pre-Owned Patek Philippe Watch
Step 2 – Gather All Boxes Papers and If Necessary Order From Patek’s “Extract from our Archives”
Step 3 – Research Approximate Market Value for Your Pre-Owned Patek Philippe Watch
Step 4 – Decide Where You Will Sell Your Pre-Owned Patek Philippe Watch
The Ultimate Guide to Selling Pre-Owned Rolex Watches
Sell My Patek Philippe Watch
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Sell My Patek Philippe – Get More Cash For Patek Philippe Watches
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Sell Patek Philippe Watch | Receive Top Offer | Precision Watches
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How to Sell Your Patek Philippe with Sotheby’s
To discover the value of your Patek Philippe watch, simply submit your photos and information to Sotheby’s through our easy-to-use online estimate form. Some of the most popular consigned Patek Philippe models, Complications, Grand Complications, Golden Ellipse, Nautilus, Aquanaut, and Calatrava, might fetch more than you dreamed, and that’s the excitement of live and online auctions.
Founded in 1851, Swiss watchmaker Patek Philippe & Co. designs and manufactures timepieces and movements, including some of the most complicated mechanical watches. Based in Geneva and Vallée de Joux, Switzerland, the company created the Patek Philippe Caliber 89, one of the world’s most complicated pocket mechanical watches. It is crafted from 18K gold, has 24 hands, 1,728 components and 33 special features, including a thermometer and a star chart.
Sotheby’s live auctions happen in London, New York, Geneva and Hong Kong, and online auctions and private sales also have broad appeal. In the second auction of the weekly series, a Patek Philippe watch sold for 3,750,000 HKD, making it the most expensive watch ever sold in an online sale. When you are ready to sell a luxury watch, let Sotheby’s help you realise the highest price for your Patek Philippe watch.
Patek Philippe VS Rolex Watches
Patek Philippe VS Rolex Watches
Thinking of getting either a Patek or a Rolex watch? Witness as Patek Philippe goes head-to-head with Rolex in one no-joking-around watch brand comparison. Read more to find out which is best.
Oftentimes we get asked: “Which is better, a Patek Philippe or a Rolex watch?” Since this question can have all sorts of different contexts, there are many answers. Let’s see how Rolex and Patek compare against one another in every which way, shall we?
Patek Philippe
ACHIEVEMENTS: Their many notable achievements include literally inventing the wristwatch, for example, creating the Patek Philippe Calibre 89 which is one of the world’s most complicated wristwatches with 33 complications and much more are a few good reasons to give them the respect they truly deserve. Patek Philippe has been leading in innovation and is considered one of the “Trinity” watchmakers.
BRAND PRESTIGE: Is Patek Philippe better than Rolex? Patek Philippe’s the third most recognized brand of Swiss-made watches in the world with only two of the less prestigious, yet more widely known brands (Omega watches and Rolex) ahead of them at the #2 and #1 positions.
Is Patek more expensive than Rolex? There are many that would boldly declare that Patek Philippe is the “Rolls Royce” of Swiss watches or even call it “a Rich Man’s Rolex”. Patek Philippe’s brand value was estimated in 2016 to be at 1,885,000,000 CHF according to Interbrand, an agency that measures brand value and recognition of Switzerland’s top 50 brands.
CLIENTELE: Since 1839, (over 178 years) Patek Philippe has built an empire of super high-end watches which are worn by royalty, dignitaries, Fortune 500 CEO’s and top C-Suite executives, millionaires, and billionaires the world over. There is a reason that the brand has such terrific prestige. It has lots to do with their ingenuity and innovations but also has a lot to do with how they solidified their brand’s position at the top of the luxury watch market.
BRAND MESSAGE: Their famous slogan from their iconic ad campaign goes: “You never actually own a Patek Philippe. You merely look after it for the next generation.” An ad campaign that they’ve been running for over 20 years, and for good reasons too. As weird as it sounds, their ads don’t even advertise watches, they advertise family heirlooms that retain value. Patek Philippe watches can actually transfer value and oftentimes appreciate in value over generations.
PRICE: What is the cheapest Patek Philippe? This is a question we hear more often than one would think. An entry-level Patek is around $12,0000 and the most expensive is was a one-of-a-kind piece called the Patek Philippe Grandmaster Chime with reference number 6300A-010. It was recently auctioned off in 2019 at around $31,000,000 (yes, 31 million dollars) beating Rolex’s Paul Newman Daytona which until now held the record at “only” $17.7 million.
RESALE VALUE: Patek Philippe’s watches are known to either hold their value or even appreciate over time. Patek Philippe has one of the highest resell values among its competitors with the exception of Rolex. So there is much truth to their campaign slogan, it’s an accurate description of their products. Patek Philippe arguably owns the top-tier of high-horology.
Once, the most expensive watch ever sold was a Patek Philippe with many complications and sold for over 11 million dollars, second only to a Rolex that was worn by Paul Newman. Whereas one gets its value from the fact that an actor wore it, the other gets its value from the fact that they create watches that are considered masterpieces to any master-watchmaker.
Rolex
ACHIEVEMENTS: Rolex was founded by Hans Wilsdorf in 1905 and is today, the one luxury watch brand that everyone in the world knows by name even though they are quite a young brand compared to Patek Philippe. That’s quite an achievement. They set out to create tool watches that are practical and make those impressively accurate with their superlative chronometers.
BRAND PRESTIGE: Rolex is the #1 most recognized and valuable Swiss watch brand in the world. Out of the top 50 Swiss companies in the world, Rolex is the 3rd most valuable Swiss brand.
Rolex is the most recognizable and valuable luxury watch brand with many celebrity endorsements over the years. Rolex’s brand value was estimated in 2016 to be at 7,387,000,000 CHF according to Interbrand, an agency that benchmarks Swiss brands to determine the top 50. So you will probably turn a lot of heads and get quite a few comments on your watch if you’re wearing one.
CLIENTELE: For over 113 years, Rolex had impressed watch collectors around the world and has attracted many high-profile customers which include Hollywood celebrities such as actors and music artists. The people that tend to purchase a Rolex watch are usually the types that have a high appreciation for tough watches but also like the attention that comes with wearing one from a famous brand. On the downside, Rolex is also the most knocked-off luxury watch brand.
BRAND MESSAGE: Rolex gives off a very different message with their branding than most watchmakers. They pride themselves on being the watch that made it to the highest point on planet earth and the lowest depths underwater known to man. Their brand message is that of adventure and a watch that you can count on during these expeditions. They are indeed backing it up with built-to-last craftsmanship and have the longest warranty period in the industry with their 5-year warranty.
RESALE VALUE: Another area where Rolex comes out at the very top is resale value. There is no other watch brand that holds its value like Rolex. However, Rolex and Patek Philippe both will usually fetch a higher percentage of your principal investment compared to most brands.
Of course, when it comes to resale value, you can’t paint a brand with a broad brush. It will always depend on the watch itself, the condition it’s in; if it is still under warranty; if it has all the original documents, and other variables. There are also times when a Rolex appreciates in value. For example, Paul Newman’s Rolex sold and at Phillips Auction for 17.8 million dollars
After comparing Patek Philippe VS Rolex Watches, which do you feel is the right brand for you? Let us know in the comment section below Browse Rolex Watches Browse Patek Philippe Watches If you enjoyed this comparison and feel that others would enjoy it too, please like and share it. Thanks!
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Patek Prices/Pricing Guide
Use our updated price guide below to get an approximate value or worth of your Patek Philippe watch is worth. Prices will fluctuate periodically depending on the market supply and demand. The below valuations should only be used as a general guide. If you would like a firm purchase offer, appraisal or quote for your wristwatch fill out our easy watch quote form. Unlike other luxury watch brands like Rolex and Cartier, there is a much tighter margin between Patek Philippe watches for sale and their selling prices.
Patek Philippe Watch Price
Model Description Buy Price Patek Philippe – Nautilus 3710/1A Stainless Steel 36mm Automatic 29J, Calender At 3, Power Res., Stainless Steel Bracelet $8,000 – $12,000 3712 Stainless Steel 36mm Auto 29J, Date, M.P., P.Pres. Date, Stainless Steel Bracelet $15,000 – $18,000 3800 Stainless Steel 36mm Auto 29J, Cal. At 3, Br. Stainless Steel $5,000 – $7,000 Steel & Gold $3,000 – $4,500 Yellow Gold $6,000 – $7,500 Platinum $13,000 – $30,000 4700 Lds. 26mm, Qz., Cal. At 3, Br. 4700/515A Stainless Steel $1,400 – $2,400 4700/51J Gold $2,200 -$4,500 5800/1A 30J, Auto., 38.4X33.2mm, Stainless Steel Date Stainless Steel Stainless Steel $7,500 – $13,000 5711/1a 30J, Auto., 43X88mm, S.S. Date, Pw.Res., Stainless Steel Bracelet Stainless Steel $8,000 – $19,000 5712 30J, Auto., Date, Pw.Res. On St. w/Deployment White Gold $12,000 – $24,000 Rose Gold $13,000 – $25,000 Patek Philippe Vintage 130 Two Reg 33 mm Flat Pusher Chronograph 23J / 26J M.W. Stainless Steel $19,000 – $37,000 18K Yellow Gold $11,000 – $22,000 18K Pink Gold $13,000 – $26,000 1463 Two Reg 35 mm Round Pusher Chronograph 23J M.W. Stainless Steel $40,000 – $85,000 18K Yellow Gold $30,000 – $65,000 18K Pink Gold $35,000 – $75,000 1493 Rectangular 24×39 mm 18J M.W. Subsecond 18K Yellow Gold $6,000 – $11,000 18K Pink Gold $7,500 – $14,000 Platinum $12,000 – $25,000 1526 Moonphase Triple Calendar 34 mm Perpetual M.W. 18J 18K Yellow Gold $30,000 – $60,000 2508 Round, Center, Second Water – Resistant Screwback 18J M.W Stainless Steel $3,500 – $7,500 18K Yelow Gold $2,100 – $4,500 18K Pink Gold $2,600 – $5,500 2526 Round Sub Second Water-Resistant Auto 305 Gold Rotor Glass Enamel Dial 18K Yellow Gold $8,000 – $18,000 18K Pink or White Gold $10,000 – $25,000 Platinum $30,000 – $85,000 Patek Philippe Travel Time 5134 Gents, 2-T.Z., M.W., Rnd. Watch on Strap Yellow Gold $6,000 – $14,000 White & Rose Gold $6,500 – $15,500 Platinum $9,000 – $24,000 Patek Philippe World Time 5110 World Time, Round, Automatic with Rotating World Feature Yellow Gold $11,000 – $14,000 White & Rose Gold $12,000 – $16,000 Platinum $17,000 – $23,000 5130 32J, Automatic with World Time Feature, Strap Deployment Buckle White & Rose Gold $12,000 – $47,000 Platinum $19,000 – $65,300 Patek Philippe Aquantaut 5065A Stainless Steel Automatic 30J, Calender at 3, Saph. Cray. Back, Tropical strap $5,000 – $8,000 5065/1A Stainless Steel Auto 30J, Cal. At 3, Saph. Crystal Black, Stainless Steel & extra Strap $6,000 – $10,000 5065J Y.G., Automatic 30J , Composite Strap $8,000 – $11,000 5065/1J Y.G, Automatic 30J, 18K Case & Br. $11,000 – $18,000 5066A Automatic 30J, S.S. Case, Comp. Strap $3,000 – $6,000 5066/1A Stainless Steel Automatic 30J, S.S. & extra Trop. Strap $4,000 – $8,000 5064A Stainless Steel Quartz, Trop. Strap $1,000 – $4,000 4960A Ladies Stainless Steel Quartz Movement with Date and Comp. Strap $1,000 – $2,500 Patek Philippe Chronograph 5070 Chronograph 115 sec. with 30 minute register, M.W., Calender, Water resistant, Strap with fold-over buckle Yellow Gold $35,000 – $45,000 Rose & White Gold $37,000 – $50,000 Platinum $52,000 – $70,000 5960R Chrgph., Auto., An.Cal., 40J, Day, Date & Mo. Platinum $25,000 – $65,000 Rose $21,000 – $50,000 Patek Philippe Calatrava 3520D 18J, M.W. Rnd., 32mm, Hobnail Bezel, Porcelain White Dial, Leather Strap Yellow Gold $3,000 – $6,500 White Gold $3,500 – 7,000 5196 18J, M.W., Smooth Bezel, Sub Seconds Dial Yellow Gold $3,500 – $11,500 Rose & White Gold $4,500 – $13,000 Platinum $8,00 – $22,000 380/200 29J, Auto., Wat.R., Rnd., Hobnail Bezel, 32x38mm, Sweep Sec., Date Yellow Gold $2,800 – $9,000 White or Rose Gold $3,200 – $10,000 3919 18J M.W., Wat.R., Hob.Bz., Rnd., Sm.Sec., R.N. DI., Lea.St Yellow Gold $2,300 – $6,500 White or Rose Gold $2,500 – $7,200 5119 18J M.W., Rnd., Hobnail Bezel, exhibition Back St. Yellow Gold $3,600 – $12,500 White or Rose Gold $4,200 – $14,000 5000 Auto., Rnd., Smooth Bz., Leather Strap Yellow Gold $2,200 – $8,000 Rose Gold $2,500 – $7,000
About Patek Philippe Watches
The Patek Philippe watch company was officially launched in 1851 when Patek joined with the French watchmaker Adrien Philippe. Philippe was the inventor of the keyless winding mechanism. Patek Philippe pioneered many innovations in watch making including the perpetual calendar, split-seconds hand, chronograph, and minute repeater. Patek Philippe is notable for manufacturing its own watch components and its impeccable product. These timepieces are usually sold for a high price because of their unique look and innovative mechanical features.
Patek Philippe is no stranger to supplying watches to the rich and powerful. In 1851, Patek Philippe started supplying its watches to Queen Victoria and her consort, Prince Albert. November 1851 during the Great Exhibition of London Queen Victoria acquired a key-wound Patek Philippe watch created in a pendant style in. She also owned a Patek Philippe timepiece that is worn pinned to clothing like a brooch. This unique and stunning timepiece offers a watch suspended from a diamond and enamel brooch.
It is no surprise then that Patek Philippe timepieces sell for record numbers at auction. In 1999, an ultra-complicated pocket watch that had been made exclusively for Henry Graves Jr. was sold at auction for $11 million. This timepiece set the record as the most expensive timepiece ever sold. Nine years later, the company again broke a record by selling the most expensive modern wristwatch. The Sky Moon Tourbillion, made of platinum, sold for $1.49 million. Another record was set in 2010 when a Patek Philippe yellow gold perpetual calendar and moonphase display wristwatch became the most expensive watch sold during an auction period, selling at $5.5 million.
In 1989, Patek Philippe created one of the most complicated mechanical watches ever made; the Calibre 89. This impressive timepiece was created to celebrate the 150th anniversary of the company. Unlike any other watch, this timepiece holds 39 complications including the date of Easter, time of sunrise, equation of time, sidereal time, and many more. This timepiece is so complicated it includes 1,728 unique parts to create the sidereal time, a 2,800 star chart, and more. The Calibre 89 also adds a day to February for leap years while leaving out the extra day for every 100 year interval. Again in 2005, Patek Philippe introduced another modern innovation in watch making; the Silicon Escapement Wheel.
The Patek Philippe company has certainly come a long way from its humble beginnings, having produced over 40,000 watches in 2002 alone. If you are looking for a timeless timepiece that offers innovation and superior craftsmanship, be sure to consider Patek Philippe.
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