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How Much Is My Patek Philippe Watch Worth?

How Much Is My Patek Philippe Watch Worth?

2017-12-25

Patek Philippe watches are some of the most valued time pieces in the world. Founded in 1839, these mini masterpieces of fashion and engineering have been the watch of choice for celebrities and political figures ever since- sometimes crafting custom-made watches for special occasions. These unique works have sold for upwards of several millions of dollars; the most valuable ever recorded being the Patek Philippe Henry Graves pocket watch which was sold by Sotheby's for $11 million. While it's unlikely you own a Henry Graves, the spectacular worth of these watches has led many an owner to wonder about the value of their own Patek Philippe, and the factors that determine its worth.

Watch 1

Patek Philippe Watches Can Be Very Rare

It's not uncommon for Patek Philippe to only release between 10 and perhaps a couple hundred timepieces of each particular design. These limited releases result in an exclusivity of ownership uncommon among collectibles, which can make the potential for each watch's value very exciting as collectors are willing to pay a premium for the rarest pieces.

Watches of the Highest Quality

Patek Philippe watches have a reputation for excellence unsurpassed in the world of timepieces. Each watch is the result of hundreds of hours of work by expert craftsmen utilizing techniques passed down through generations. With over 80 patents to their credit, Patek Philippe watches maintain their quality over decades, resulting in their high value in the pre-owned market.

Watch 2

Spectacular Prices at Auctions

In addition to the $11 million sale of the famous Henry Graves watch, a 1952 Patek Philippe watch known as the “J.B. Champion Platinum Observatory Chronometer” sold for $4 million at auction, while another watch owned by rock n' roll legend Eric Clapton sold for $3.6 million in 2013. Regardless of whether you're lucky enough to be in possession of one of these beauties, such jaw-dropping sales generate increased interest in Patek Philippe watches, giving a higher perceived value to the entire brand, and offering encouragement to collectors who hope to take advantage of skyrocketing prices, and buy up PatekPhilippes as an investment.

Have Your Watch Appraised by an Experienced Buyer

The only way to know for certain the value of your watch is by consulting with experts in the field. If you want to know where to sell Patek Philippe watches in Atlanta, you must consider Élan Diamond Group. With over 30 years of experience, we've been a reliable choice for anyone looking to sell jewelry or fine watches in Atlanta, Georgia. We offer one-on-one, private consultation with an expert in the field, so you can determine for yourself whether selling your Patek Philippe is the right choice for you.

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