Chrono24 Magazine: News and Perspectives From the Watch Industry
The Crown Jewels of Watchmaking: Patek Philippe vs. Audemars Piguet
Patek Philippe and Audemars Piguet are among the biggest names in watchmaking – and have been for many decades now. Both have impressive traditions, remain family-owned businesses to this day, and are agile enough to face any challenges ahead. But what are the differences between the two brands?
Barbara Korp
5 minutes
Queen Elizabeth II and Her Watches: A Lasting Legacy
The late Queen was a remarkable woman, and not only because of her 70-year reign – she also had a sharp eye for exquisite watches. During her time on the throne, she amassed an impressive collection that not only revealed her personal taste, but also her passion for the precision and art of watchmaking.
Barbara Korp
4 minutes
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The most affordable Patek Philippe watches are vintage women's models, which start at around 3,300 USD. A men's Calatrava model from the current collection, such as the ref. 5226G, costs over 55,000 USD. The particularly famous Patek Philippe Nautilus 5711 in stainless steel pushes 150,000 USD. The Nautilus 5711/1A-018 with a turquoise dial was produced in very small numbers, and thus requires an investment of over 3 million USD.
The most expensive Patek Philippe watch ever sold is the Grandmaster Chime ref. 6300A-010. It fetched 31.2 million USD at Christie's in 2019. This timepiece is one-of-a-kind and boasts 20 complications.
Watches from Patek Philippe are highly likely to appreciate in value. Extreme increases in value were recorded by the models in the Nautilus collection, most notably the stainless steel ref. 5711/A1-010. This timepiece had an MSRP of 34,800 USD. At the start of 2023, the reference was being traded on the secondary market for over 150,000 USD.