Quick Answer: How Much Is The Most Expensive Patek Philippe?

What is the rarest watch in the world?

A Patek Philippe watch sells for $31 million, making it the most expensive wristwatch ever auctioned.

The sale tops a previous record set in 2017 for a Rolex Daytona once owned by Paul Newman, which sold for $17.7 million..

Who bought the 31 million dollar watch?

A one-of-a-kind Patek Philippe Grandmaster Chime Ref. 6300A sold for a hammer price of CHF 31-million (about $31-million) today at Only Watch, a charity auction held in Geneva to which top watch brands donate special editions.

Why are Philippe Patek so expensive?

Some parts, like the case, still uses traditional processes that date back to the 19th century. Because Patek Philippe has mastered the art of fine watchmaking, the watch has been patronized by royalties. Most of its clients have been kings, queens, and nobility around the world.

Can anyone buy a Patek Philippe?

Because there are no Patek Philippe Salons in the United States, buying from an AD is the only option if you want to buy a brand-new piece. There are 78 Authorized Dealers of Patek Philippe watches in the United States. … Patek authorizes and licenses these third-party-owned stores to sell its watches.

How can you tell a fake Patek Philippe?

How to Spot a Fake Patek PhilippeHow to Spot a Fake Patek Philippe. … Check the Type and Quality of the Metal Used. … Look at the Inside of the Caseback. … The Crown and Dial Offer Valuable Clues. … The Heft of the Watch is Another Sign. … Take a Look at the Screws. … The Real Deal Comes With a Certificate of Authenticity. … Beware of Prices That Seem Too Good to Be True.

Is there a waiting list for Patek Philippe?

Patek Philippe Nautilus 5712 5711, the other truly iconic and desirable model in the Nautilus line up is the ref. 5712. … The RRP of the Patek Philippe Nautilus 5712/1A-001 is now around EUR 37,000 and the waiting list is also around six to eight years.

Who owns the most expensive watch in the world 2020?

Number 1: The Graff Diamonds Hallucination. Price: $55 million. … Number 2: The Graff Diamonds’ Fascination. … Number 3: The Breguet 1160. … Number 4: Jaeger-LeCoultre Joaillerie 101 Manchette. … Number 5: Chopard 210 Carat Watch. … Number 6: Patek Philippe Supercomplication. … Number 7: Jacob & Co. … Number 8: Paul Newman’s Rolex Daytona.More items…•

What’s more expensive Patek vs Rolex?

Rolex is more of an iconic, brand-making company known for being an original tool and Patek Philippe is known for being an extremely elegant dress watch made for the elite. With a simple search you will see that Patek’s base prices are more expensive, however, that doesn’t mean they are superior overall.

How much is the cheapest Patek Philippe?

Most first-time Patek Philippe buyers will gravitate towards entry-level models priced at between US$19,000 and US$30,000. Within this price range buyers have several options to choose from: the Calatrava, Nautilus and Aquanaut families.

How much is Patek Philippe worth?

New pieces range in price from 16,100 to 22,700 USD. You can also get the Calatrava with an automatic movement. Most of these models feature a central second hand and a date at 3 o’clock. Pre-owned models in good condition cost between 19,200 and 25,200 USD.

Who wears the most expensive watch?

Top 69RankManufacturerWatch model1Patek PhilippeGrandmaster Chime Ref. 6300A-0102Patek PhilippeHenry Graves Supercomplication3RolexPaul Newman Daytona Ref. 623931 more rows

Is Patek worth the money?

Is it worth it? In simple monetary terms, it stands to reason that anything with so much heritage, innovation, high-quality craftsmanship and exclusivity is going to be worth a great deal of money, and yes, it will hold its value for when your grateful child takes ownership.

Is Patek better than Rolex?

But at the end of the day, Patek is much more focused on luxurious, complicated dress watches, whereas Rolex has a much sharper eye for luxury sports watches. The two brands have entirely different expertise (and price points), making it quite hard to say that one is “better” than the other.

Is a Patek Philippe a good investment?

Always impressive, and actually useful, perpetual calendar Patek watches can be among the most profitable models from the brand, above and beyond the more niche complications. … There are few certainties in horology, but a Patek Philippe watch holding its value or appreciating over time is about as close as it gets.

How long will a Patek Philippe last?

And, while no one will specify, the wait is said to be as long as eight years. “Why is the Nautilus so popular,” Thierry Stern, president of Patek Philippe, asked rhetorically in an interview last October in Milan during one of the family-owned house’s promotional events.

Which celebrity has the most expensive watch?

Christiano Ronaldo’s Franck Muller Round, $1.5 million. … Eric Clapton’s Patek Philippe 2499, $3.5 million. … Jay-Z’s Hublot Big Bang, $5 Million. … Floyd Mayweather’s Jacob & Co Billionaire, $18 Million. … John Mayer’s Patek Philippe Perpetual Calendar Chronograph 5970G, $100,000.

Are Rolex overpriced?

Rolex is a popular watch with name recognition, wrist presence, and resale value. … All luxury watches are overpriced. Customers are willing to pay the branding surcharge to own the name on the dial. Rolex is a popular watch with name recognition, wrist presence, and resale value.

What is the best watch brand?

The Top 25 Watch Brands To Know Now1 Jaeger-LeCoultre. Jaeger-LeCoultre. … 2 A. Lange & Söhne. … 3 Audemars Piguet. Audemars Piguet. … 4 Piaget. Piaget. … 5 Cartier. Cartier. … 6 Harry Winston. Harry Winston. … 7 Benson. Benson by Marcel. … 8 Longines. Longines.More items…•