Dialed In: The History Of Patek Philippe

May 3, 2023
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Exotic Assets
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7
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Step into the luxurious realm of high-end watches. Today, we'll be exploring the fascinating history, innovations, and impact of Patek Philippe, the crème de la crème of watchmaking. So, sit back, relax, and let's embark on a horological journey like no other!

The Origins of Patek Philippe:

Our story begins in 1839 when two Polish immigrants, Antoni Patek and Franciszek Czapek, founded Patek, Czapek & Cie in Geneva, Switzerland. The partnership didn't last long, as it dissolved in 1845, leading to Patek joining forces with French watchmaker Adrien Philippe. With this collaboration, the legendary Patek Philippe was born.

The Russian Connection and the Tiffany Partnership:

Patek Philippe has had a long and illustrious history of catering to the rich and famous. In 1851, the company created a custom-made watch for Tsarina Alexandra Feodorovna, marking its connection to the Russian royal family. That same year, Antoni Patek met Charles Lewis Tiffany in New York City, and thus began the long-standing partnership between Patek Philippe and Tiffany & Co.

The Royal service doesn't stop there

The Stern Family's Involvement:

During the Great Depression in 1932, Patek Philippe found itself in dire financial straits. Fortunately, the Stern family, who owned a dial manufacturing company, stepped in and acquired a majority stake in the business. Under the Stern family's guidance, Patek Philippe introduced the iconic Calatrava watch, solidifying its position as a leader in luxury watchmaking.

The Original Calatrava

Innovations:

Patek Philippe is known not only for its luxury but also for its innovative spirit. In 1844, Adrien Philippe invented the keyless winding system, changing the watchmaking game forever. Over the years, the company has been granted over 100 patents, proving its commitment to pushing the boundaries of horological technology.

Patent images of first keyless watch winding system

Exquisite Craftsmanship:

Each Patek Philippe watch is a testament to the brand's unparalleled craftsmanship. Handcrafted by skilled artisans, these timepieces can take anywhere from nine months to two years or even longer to complete. With only about 60,000 watches produced annually, each Patek Philippe watch is a rare and valuable work of art.

The Patek Philippe Museum:

For those who find themselves in Geneva, Switzerland, the Patek Philippe Museum is a must-visit destination. Opened in 2001, the museum showcases over 2,000 timepieces, including antique watches, enamels, and miniatures. The museum also houses an impressive collection of Patek Philippe watches, highlighting some of the most historically significant and technologically advanced pieces ever created.

Princess Diana wearing both her Patek Philippe ref. 3618 and her then husband’s ref. 3445

Iconic Models:

Patek Philippe has produced some of the most famous and sought-after watches in history. The Calatrava, introduced in 1932, is known for its elegant simplicity and has become the brand's flagship model. The Nautilus, launched in 1976 and designed by the legendary Gérald Genta, is a luxury sports watch inspired by the portholes of transatlantic ships. And, of course, there are the Grand Complications, a collection of the most complex and prestigious Patek Philippe watches.

Record-Breaking Auctions:

Patek Philippe watches have a habit of making headlines at auctions. In 2014, the Patek Philippe Henry Graves Super-complication pocket watch sold for an astonishing $24 million. In 2019, the Patek Philippe Grandmaster Chime Ref. 6300A-010 fetched $31 million, setting a new record for the highest price ever paid for a wristwatch.

The Patek Philippe Museum:

For those who find themselves in Geneva, Switzerland, the Patek Philippe Museum is a must-visit destination. Opened in 2001, the museum showcases over 2,000 timepieces, including antique watches, enamels, and miniatures. The museum also houses an impressive collection of Patek Philippe watches, highlighting some of the most historically significant and technologically advanced pieces ever created.

The "Worst" Patek Philippe?

When it comes to a brand like Patek Philippe, known for its exceptional craftsmanship and attention to detail, it's difficult to pinpoint a "worst" watch. However, there have been some models that received mixed reviews or didn't resonate as well with the public as others.

One such example is the Patek Philippe Gondolo "Cod Tail" Ref. 5098. While the Gondolo collection has seen many successful designs, the "Cod Tail" was met with mixed feelings. Its elongated tonneau-shaped case, inspired by the Art Deco era, didn't appeal to everyone. Some found the design to be outdated or not as versatile as other Patek Philippe models.

Rose Gold "Gondolo Ref. 5098."

It's important to note, though, that taste is subjective, and what some may consider a less attractive design might be a favorite for others. Even in cases where a watch isn't as well-received, Patek Philippe still maintains its high standards of craftsmanship and quality.

Conclusion:

Patek Philippe is the epitome of luxury, innovation, and craftsmanship in the world of watchmaking. These timepieces are not just instruments to tell time – they're heirlooms, works of art, and a symbol of success. We hope you enjoyed this journey through the fascinating world of Patek Philippe, and perhaps even found a newfound appreciation for the masterful art of horology.

Patek Philippe
Patek Philippe

You never really own a Patek. You simply look after it for the next generation.

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