Brand
Patek Philippe
Est. 1839 · Geneva, Switzerland
The last family-owned Genevan manufacture, and the maker most collectors name first. Patek build in small numbers and keep a complete archive of every watch they have ever made, which is a large part of why their watches hold value the way they do.
Half cost less than £60,650, and a quarter less than £46,200.
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Antoine Norbert de Patek, a Polish cavalry officer exiled after the November Uprising, founded a watch business in Geneva in 1839 with his countryman François Czapek. The partnership dissolved after six years, and in 1845 Patek took on the French watchmaker Adrien Philippe, inventor of the keyless winding crown. The firm became Patek Philippe in 1851.
That single invention mattered more than any other in the company's early history: it removed the winding key, and every modern watch descends from it. Queen Victoria bought a Patek pendant watch at the Great Exhibition the same year, establishing the royal patronage the house has traded on ever since.
The Stern family, dial manufacturers and long-standing suppliers, bought the company in 1932 during the Depression. Four generations later it remains in their hands — the last independent family-owned manufacture in Geneva, currently led by Thierry Stern.
Patek's reputation rests on complications: the Calibre 89 of 1989 carried thirty-three of them, and the Grandmaster Chime remains among the most complicated wristwatches made. The Nautilus, drawn by Gérald Genta in 1976 as a steel luxury sports watch, became an unlikely commercial phenomenon four decades after launch.
Production stays deliberately modest, in the tens of thousands annually, and every watch carries the Patek Philippe Seal, an in-house standard the company adopted in 2009 after abandoning the Geneva Seal as insufficiently strict.
Patek Philippe holds 23 models, from £21,950 to £135,000. Half cost less than £60,650, and a quarter less than £46,200. 20 of 23 are automatic. 3 are stocked by more than one retailer, giving 27 offers in total. Prices are checked nightly against the retailers’ own feeds.
- 1839
- Antoine Norbert de Patek and François Czapek found the firm in Geneva.
- 1845
- Adrien Philippe joins, bringing the keyless winding crown.
- 1851
- The company is renamed Patek Philippe; Queen Victoria buys a watch.
- 1932
- The Stern family acquires the company.
- 1976
- The Nautilus debuts, designed by Gérald Genta.
- 2009
- The Patek Philippe Seal replaces the Geneva Seal.
