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Crazy Price for Patek Philippe Watch, OMG

People ask, especially watch and pocket watch lovers: Is the Patek Philippe really that expensive? Are Patek and Rolex the same? Why is Patek Philippe so expensive? How much does Patek Philippe cost?

Watch lovers further ask: How much does the Patek Philippe Grandmaster Chime cost? How many Patek Philippe Grandmaster Chime are there? Who owns the Patek Philippe Grandmaster Chime? How much does the Patek Philippe 5175r Grandmaster Chime watch cost?

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Source: Patek Philippe & Co

From just asking about the Patek Philippe universally the question continues to the type of Patek Philippe 5175r, the patek philippe grandmaster chime, patek philippe grandmaster chime ref, patek philippe grandmaster chime 6300a 010, to patek philippe grandmaster chime price.

In wikipedia notes that the record for the most expensive watches sold at auction is documented with a price of at least 1.5 million US dollars. The final price listed is the total price paid by the buyer, which is the aggregate of the hammer price (that is, the winning bid or selling price at auction) plus each buyer's premium paid to the auction house (if collected, and in accordance with the rates charged by the auction house). auction house adrift), and has been converted to US dollars, if any, according to the exchange rate of the currency at the time of the auction.

While buyer rates vary between auction houses (which rates can also vary at each auction house depending on the nature of the lot and its value), most auction houses publish their results including the buyer's premium, and the following rankings are based on the aggregate price paid by the buyer: make the watch itself (hammer price or sale price) and make auction house administration services and fees (buyer's premium). Prices adjusted for inflation are also included as a reference. If a watch has been sold at auction several times, only the highest final price is included. Finally, any watch that is auctioned without the public online record of the auctioneer (eg a large auction house) will not be included in the ranking.

As of December 2021, the most expensive watch (as well as watches) ever sold at auction was the Patek Philippe Grandmaster Chime Ref. 6300A-010, created US$31.19 million (31. 000. 000 CHF) in Geneva on November 9, 2019. The most expensive pocket watch ever sold at auction was the Patek Philippe Henry Graves Supercomplication, priced at US$23.98 million(23. 237,000 CHF) in Geneva on 11 November 2014.

As of December 2021, at least 101 watches have been sold at auction for more than US$2 million, and at least 160 watches have been sold at auction for more than US$1.5 million. Among the top 10 watches, 8 are Patek Philippe watches and 2 are Rolex watches.

Patek Philippe SA is a Swiss manufacturer of elegant watches and clocks, located in the Canton of Geneva and Vallée de Joux. Founded in 1839, named for its two founders, Antoni Patek and Adrien Philippe. Since 1932, the industry has been owned by the Stern family in Switzerland and has remained the last independent family-owned watch manufacturer in Geneva.

Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted history of watchmaking since its founding. It designs and manufactures time and movement markers, including some very complex mechanical watches. The industry has more than 400 retail positions worldwide and more than a dozen distribution centers in Asia, Europe, North America and Oceania. In 2001, the Patek Philippe Museum in Geneva was opened.

Patek Philippe is widely regarded as one of the most prestigious watch manufacturers in the world. Over the years, Patek Philippe customers and popular watch owners have included Queen Victoria, Queen Elizabeth II, The Diana Girl,  Pope Pius IX, Pablo Picasso,Marie Curie, Pyotr Tchaikovsky, Albert Einstein, Nelson Mandela, John F. Kennedy, and Leo Tolstoy. As of December 2020, among the 10 most expensive watches in the world ever to be sold at auction, 8 were Patek Philippe watches. In particular, Patek Philippe Grandmaster Chime Ref. The 6300A-010 currently holds the title of the most expensive watch (and wristwatch) ever sold at auction (US$31.19 million/31 million CHF), while the Patek Philippe Henry Graves Supercomplication, the world's most complex mechanical watch until 1989, currently holds the title of most expensive pocket watch ever sold at auction (US$24 million/ 23.237,000 CHF).

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