Patek Philippe

About Patek Philippe

Patek Philippe & Co. is an upscale Swiss watch manufacturer. It is currently owned by the Stern family and is led by Philippe Stern and his son. Over the years, Patek Philippe watches have been worn by a number of notable individuals, including members of royalty, movie stars, and tycoons. They are notable for manufacturing most of their own components.
Antoni Patek started making pocket watches in 1839 in Geneva, along with his fellow Polish migrant Franciszek Czapek. They separated in 1844, and in 1845 Patek joined with the French watchmaker Adrien Philippe, inventor of the keyless winding mechanism. In 1851, Patek Philippe & Co was founded.
In 1868, Patek Philippe made their first wristwatch. They have also pioneered the perpetual calendar, split-seconds hand, chronograph, and minute repeater in watches. The company, like most high-end watch companies, produces mostly automatic and manual watches but has produced quartz watches in the past and even a digital wrist watch, the Ref. 3414.
Patek Philippe produced an ultra-complicated (with 24 functions) pocket-watch for Henry Graves, Jr., who entered into a friendly horological competition with James Ward Packard, which resulted in the production of the watch sold to Mr. Graves in 1933. After his death, the watch was auctioned at Sotheby's in December 1999 for USD$11,000,000, at that time the most expensive timepiece ever sold. On April 10, 2008, 2003 "Ref. 5002P Sky Moon Tourbillon" platinum Patek Philippe tourbillon wristwatch made the world record as the most expensive modern wristwatch sold at Hongkong Sotheby's for HK$11.75 million ($1.49 million). It erased the previous record of Vacheron Constantin Tour de l'Ile sold at Antiquorum for $1.4 million in Geneva in 2005.

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