Why are Patek Philippe watches so valuable in the auction world?

[@mrtimjitsu]

i like listening to him talk.

[@felixarbable]

patek have high auction results because they send people to auctions to make sure they don't sell below a certain price. its a known thing in the industry and all the big brands do it but patek is certainly the most agressive

[@subvike]

says jar jar binks

[@felixarbable]

Jar-Jar Binks literally yes

[@stephaniechen614]

👍🍷

[@jonjons1]

Well my Casio has a calculator on it. Let's see Patek top that.

[@jamesrodriguez5696]

jon smith the patek caliber 89 has 33 complications, just research about that cause I'm pretty sure you dont know what that means

[@jonjons1]

James Neil Rodriguez well I am pretty sure you don't understand what sarcasm is..but merry Christmas anyway

[@KiloByte69]

+James Neil Rodriguez And yet it's still less accurate than my $20 Casio. That's something you posers don't like to talk about.

[@andrewvillanueva4222]

jon smith nobody cares about your casio. these watches are beautiful works of art. it to bad you can't see that. l wear a rolex submarine and it a beautiful watch.

[@elvishaipham]

My iphone has everything on it

[@titor8017]

Love hearing Mr. Bacs speak about time pieces. Need more if this please and other distinguished collectors as well

[@111ImNumber1]

I love Patek and I own 2 complicated watches from them, BUT I like my Lange watches even more. Those Germans know what they are doing. They apparently did not need to wait 190 years to catch up and go ahead of Patek. Reality

[@watchestv-com]

Did you see both our Walkthrough videos regarding both brands? Best to you

[@111ImNumber1]

TheWATCHES.tv not yet. I will do today

[@abajaj1510]

Yrs, but what values does Lange have as a company? Will they stand behind their product sine the beginning? Beautiful movements...but patek is patek...

[@111ImNumber1]

A Bajaj Patek is Patek... I can tell you are most likely influenced by their marketing strategy more than anything else

[@kara88bg]

This works the same way as limited edition cars. You produce limited edition of something and sell it only to those you find to be collectors. Collectors aren't those guys that actually collect stuff but actually resellers that have a deal with company they are buying goods from that they won't sell it in certain amount of time or for less than at least a double of its official resale value, making the prices skyrocket and demand to go up while supply remains limited. That is a proven way to sell your stuff at much higher cost than its actually worth. You know when you see a new limited edition lambo or a ferrari, they don't even get built and are already preordered and sold in advance. Yeah right. That is just a way to make artificial demand to boost value of you regular products from which you actually earn most of your income. Thats like diamonds yeah demand is high and supply is low but try selling one you have and you won't get half of the market price if you even find a buyer.

[@rogeriusrex1]

Dude name drops Duke Ellington and then just throws out kings and queens. Soul in the jazz. Respect.

[@vasilelupu.1]

Because it was about vintage watches, and because the topic of discussion was the incomparable Patek Philippe brand, it must be remembered that this brand, which started from jewelery production, introduced on the watch market an invention, currently used by most watches in the world, namely the mechanism for setting the time and arming with the crown. Until then, the clocks, which were usually wall or table clocks, were armed with a key. Patek Philippe facilitated the fitting and arming of the mechanism by hand.

[@watchestv-com]

You might be interested in this video: kzbin.info/www/bejne/f4WVgXyHrNp2l5I It's one of our episode of Who's Who of Watchmaking series dedicated to Patek Philippe. All the best to you and thanks for the comment!

[@vasilelupu.1]

@@watchestv-com Thanks for the indicated material. There is no doubt that Patek Philippe knew how to make watchmaking an art, and watches, jewelery. It is not for nothing that Patek Philippe once had the most expensive watch in the world.

[@Hertog_von_Berkshire]

OMG, is that a giant Swiss Army Knife on his mantelpiece?

[@therock701]

I buy a watch to wear it not to store it in a bank for 50 years

[@watchestv-com]

Good thinking!

[@Chief_5]

RED EAGLE buy two, one to wear and one to save.

[@rafayz9033]

I agree 100%, I see people now days buying a watch and barely touching it. Then again, I also see individuals who would pay more for a watch with a nice "worn out" look. basically a nice patina. I also disagree with this. at the end of the day, to me personally, what makes watch collecting so dan fun is, in large part, the intrinsic value each watch carries. you get it new, and along your lifetime as well as the watch's lifetime, each scratch... each and every scuff should tell a story of the many adventures one has been on with his/her watch.

[@wissem92]

You do not understand that collectors seek the "belonging", not the showing or wearing. This is the difference between the "collection" and the "show off".

[@armansaadatkhah]

Model watch at 1:44?

[@ManOfTheWoods123]

He sounds like the dentist bounty hunter from Django Unchained

[@Ogaitnas900]

Garon Young oh my god he does hahaha

[@085051]

In shor - the certificate - the mechanical - and supply and demand that makes a Patek Philippe so valuable.

[@majlo325]

Antoni Norbert Patek coat of arms Prawdzic was a Polish nobleman. Antoni Patek took part in the "November Uprising". He was wounded two times, he became second lieutenant of the Augustow Cavalry, and on October 3, 1831 he was decorated with the Golden Cross of the Virtuti Militari Order (to this day it is the highest award in the Polish Army). He was Polish patriot. He fought for Poland's independence. He would certainly not want to hide his Polish origin.

[@jacobsmith9455]

Looking for a used yellow gold calatrava in good working condition. Any recommendation?

[@SnowmansApartment]

so where can you find a simple patek philippe watch which is overpolished and had waterdamage and not only original parts but still works fine?

[@louis290663]

This guy is a heck of a seller...

[@rugvedavadhani8722]

"I am Swiss" - Aurel Bacs

[@Ayztv]

well answered Aurel Bacs, very clear and descriptive!

[@ronch550]

What if you sell or pass down your Patek? Are the archives always updated?

[@skabxx]

Does anyone know what book that is?

[@williamherr9293]

I'm from Geneva and there are patek philippe posters all over the place. Some goes fore Rolex, Hublot and Tissot.

[@paratrooperlane7022]

A F.P. Journe CS Bleu in Tantalum is a really nice watch.

[@luwee100]

I do own a gondolo Patek & I treasure it....I love prestigious workmanship...

[@watchestv-com]

+Louis Caruana We understand ;)

[@gurinderkular7209]

Patek Phillipe probably the best example of marketing hype ever.

[@watchestv-com]

But they've been good at it!!!!

[@FUBBA]

Rolex dwarfs it with Paul Newman Daytona.

[@MaxiiBoii23]

Thank Lil Uzi again

[@kocourek4ere86]

good stuff

[@mrhrd7560]

This is it, Buy G-Shocks For Beater and Patek For Investment ....

[@raybugz9275]

Patek: So expensive Rolex: Me too Omega: Me too Casio G Shock: I am also expensive for most people. Me: WTH

[@cedric182]

ill be happy with a grand seiko

[@BrendaGreen]

I found a Patel Phillips wristwatch. It is a men's Chrono 750 and looks to me to be very real,however, I found comments on other sites where people claim to have purchased the ref # for as little as $50. This is definitely no $50 timepiece. I cannot find the # on Patel.com. I did find a comment by someone who described 'remembering' the details of the watch I have . How can I find the correct answers please?

[@complexobjects]

Not to mention the popularity among rappers. When Future and Young thug dropped "Patek water," the brand cited it as their most esteemed recognition.

[@Dilemma1962]

Never had a moment of weakness when it comes to quality? Are we forgetting the strap that left the factory - installed upside-down?

[@dadymccool]

That video duration though.

[@abhimanyumohite6069]

Can u please tell me Patek Philippe Watch Reference number shown on your Video thumbnail. Awaiting for a positive response

[@Shahidkhan-qj5cy]

He even got the limited edition beats speakers behind him

[@christianfloresguinto1949]

how can I spot if fake or original my watch patek Philippe NO 07? kindly reply... thanks.

[@blakelee2913]

+Christian Flores Guinto take it to an authorised PP dealer.

[@androidpurchaseslogin7132]

+Christian Flores Guinto When you have to ask, then chances are it's fake.

[@androidpurchaseslogin7132]

+Christian Flores Guinto When you have to ask, then chances are it's fake.

[@brenttaylordotus]

Something about the way this guy speaks makes me want to sack a coastal village in search of a Patek and continue inland if necessary.

[@LaRusso]

Best watches in the world.

[@trebledc]

Lets be honest it's just a watch what makes it rare is the demand, supply and the craft. It's just gives you social status but in the end it did it's job to give you time.

[@bobbysebastian3709]

Brand Name, reputation, legacy & the hype created have made them a sole player in the auction world 🌍 with the only close competitor being Rolex

[@2801615]

Well, sorry but I want some orientation about a wrist watch that I think is exotic because the case is jewelry stone, burgundy beautiful color, the cristal is a saphire, the knuts are pure gold and is 36000 vhp or someting like that. The brand is chrono and is just perfect and amazingly beatuful. Does anybody know, by any chance how to trace the factory or someting about it?

[@watchestv-com]

+Andres Herrera Is it simply "chrono" or "Chronoswiss"? If it's the latter, then it's strangely a german brand, but they do nice watches.

[@2801615]

+TheWATCHES.tv Thank you for answer my question. I really apreciate it! The watch says in the front face "CHRONO" with capital letters and just below there is something else written down in a cursive font. Must be the model. I am going to get a magnifying glass and see what it says. or how can I send you a photograph for you to see it! Well of course if this does not cause you much trouble. I do not want to bother you in any way. Many thanks for your kindness!

[@watchestv-com]

+Andres Herrera You can send a picture to the following e-mail: [e-mail]

[@jeanferret9497]

Patek may be technically superb but a lot of their men's watches look too delicate. I would be scared to wear one for fear of knocking it. And in the real world the movement cannot be that much better than a JLC, Zenith or Lange..

[@dvamateur]

There are two things missing in Patek Philippe watches though, things without which I don't feel comfort and serenity. These things are 1) battery 2) tunning fork shaped quartz crystal vibrating at 32,768Hz. Okay, I can also have solar powered cell, or kinetic movement charging the capacitor, but I definitely need quartz in my watch. If there's no quartz, I feel conned by the corrupt greedy watch dealers :)

[@stuballs42]

+Andrew Piatek Sorry you may feel that way about mechanical watches ,but for me the wind up mechanical watch is still the best! Modern quarts watches are indeed more accurate , but most are not worth repairing because the repair cost more than the watch may be worth. A GOOD mechanical watch ( wind up ) can last for years, and parts are still available when it comes time to repair it. A watch with the name of Waltham, Elgin ,Bulova , Hamilton, etc. still are some of the best American watches ever made !. ps. Watch brand names mentioned here are NOT the new models ,but watches made in the 1920 through the 1950 es.

[@dvamateur]

Nah... No hair spring or water well wheel like escapement wheel for me. That's like Babbage relay machine. I'd have to go through some serious desensitization therapy like they have for snakes, insects, spiders, hip-hop music, etc to get over the cringe I get from the thought of hair spring and escapement wheel.

[@stuballs42]

+Andrew Piatek Sorry !! I should have known ,your lost beyond help! ): Just like a" Fender Stratocaster" is out of date now!!!! Hope I spelled it correctly !!!

[@dvamateur]

American made Stratocaster at least has electronics going for it. That's why it's gotta be quartz regulator and electric battery for me, if there's an option.

[@stuballs42]

+Andrew Piatek Holy Moley ! At least you show you have taste in guitars ! There's still hope !!!!

[@sen795]

this guy looks and sounds like the swiss banker in Wolf of Wallstreet

[@rgassaf1]

sen looks like a crook!

[@minakamel6683]

what about Lange watches ?

[@watchestv-com]

+Mina Kamel They are doing good on auctions, but there are much less of them available, it's a bit more for connoisseurs, but what beautiful watches.

[@minakamel6683]

+TheWATCHES.tv yes i find both LANGE and PPGC (patek grand complication collection) to be the best , both are very well finished , timeless ( wear it a century in the past and a century in the future , it will be normal ) , both also can be found in a medieval european castle , However , i feel that patek is recently taking a very dangerous direction away from these traditional values , look at those monstrosities from the so called Nautilus collection ? absolutely ugly , Lange will never have those , if you want a diver , go for a Rolex , but a REAL watch from a REAL brand should be the medieval one i discussed . out of Lange and PPGC i have very few watches that interests me , i have to say , my favorite complication is perpetual Calendar , i have narrowed it down to 2 watches , Patek 3940J ( a PPGC member , Prestige , finishing ) and Glashutte Original Senator Perpetual Calendar black dial ( king of legibility for a PC , less prestige and finishing but very cheap , only GO i like ) , what do you think i should get ? i care also ( not mainly though ) about price retention , however , for a Patek it NEEDS to be either extremely rare &/OR unique &/OR extremely Complicated for it to keep its price , all of which i feel are non applicable for the 3940J , What do you think ?

[@watchestv-com]

+Mina Kamel Yes, you're probably right, though it will always keep some value and one has to remember that PP produces more than 70,000 watches per year, so only a small portion of these retain and/or better increase their value...

[@minakamel6683]

+TheWATCHES.tv EXACTLY , only an extremely small portion retains value , and then there are those vintages , i once saw perpetual calendar only complications from them, pre 3940 , extremely legible ( month and day in windows , date in place of small second, very clean uncluttered dial ) , however it turned up to be in million dollars or just south of it a bit ,,,,,shame patek stopped producing those legible PC , when the only legible one they produce is coupled with a minute repeater and tourbillon and costs 900K$ ( 5207P ) ,,,,, your channel is great by the way

[@watchestv-com]

+Mina Kamel Thanks a lot for this kind comment and the 5207P is indeed a rather expensive option... but a nice watch.

[@omegaknight01]

This figure made a deal with this story. Otherwise, he did not list the parameters that determine the price of the watch at the auction. He takes customers to his popularity, because the same visitors to his auctions blindly believe him.

[@superrealworld3140]

Why they reduce prices few years ago for range of watches....

[@SevenDeMagnus]

Cool

[@rickbar123]

I held one. It was a thing of beauty.

[@sundancekid7865]

Patek is stronger than €, Gold and Diamonds. Thats the reason why i would buy patek phillipe. and rolex also, the price of rolex watches get over 50% higher in the last years sorry for my english

[@TheBogdanator]

so besically i buy a 100 000 euros watch that is not new, it's old and a dead man was wearing it

[@TheBogdanator]

Then you don't buy a watch because it's a good watch, you buy it because Michael Jackson was wearing it. The same you can pay 100 000 for a cheap fork because once the Queen of England ate a salad with it. That doesn't make the fork made of platinum.

[@coolshariq]

That's most dumbest i ever heard!! You buy watches that suits you best NOT because someones wearing it too many sheeples out there.

[@christian9506]

I really appreciate their commitment to quality. But in terms of design and style the brand is seriously lacking

[@nicetree5934]

Only watched the first minute but how come they're not wearing any watches?

[@lionsfan1478]

Something about this guy. I wouldn't trust him as far as I could throw him.

[@rayleeaustralia]

In many instances, Patek themselves bought it back

[@spiritofe629]

The most important function of a watch I believe is to give accurate time and this one does not .

[@wissem92]

Sure, and and iPad can do better pictures with a much larger panel of colors than a Rembrandt painting... You´ve just said something deeply stupid.

[@englishsteel-nz6im]

Because they're great.

[@watchestv-com]

Simple answer!!!

[@RollaArtis]

Unfortunately for Patek Phillipe, AL Breguet got there first.

[@q60sredsport74]

“Patek”😊

[@cookingprof]

My Patek was made in 1947.I wear it to impress nobody. I own it knowing that the best example of watchmaking is on my wrist.I own two,(2) Cartier watches for show. I own a Rolex DateJust in 18k @ Stainless for show.Vacheron Constantin ultra thin integrated 18K case and bracelet is my evening wear watch, My daily watches are my ,Vintage Gerard Perregaux, Vintage La Coultre, an antique Waltham Railroad Grade pocket watch,(ca.1877); and a Baume Mercier Capeland Chrono. These watches all stored in a climate controlled environment.

[@uncontrollable343]

You might want to go to sleep before you start dreaming….....

[@PiranhaJaw22]

i never met you before, but yet, i am really impressed

[@watchestv-com]

Yep, that's a rather nice collection!!!

[@canneddinners6059]

Thanks for supporting the Swiss watch industry:)

[@watchestv-com]

;) we love the people behind it!!!!!

[@tajinu]

find it hard to understand how can you find unique? non-polished? celebrity..50-100 year old brand watches??

[@bent540]

the emperor's new clothes

[@simplewelshman]

+bent540 my thoughts exactly !

[@jacobsmith9455]

Like your poor privilege? Or your food stamp powa?

[@dannymccann63]

A great watch would never need to be resurfaced

[@canturgan]

I used to own a Swatch. It was plastic.

[@FALslayer]

And I thought buying a £98 Tommy Hilfiger watch was a bit much.

[@comedyman112]

of course they have excellent customer support WITH THOSE OBNOXIOUS PRICES

[@rayleeaustralia]

Because Patek themselves bought it all back?

[@username4441]

I see now why this guy has the job he has... he is excellent at justifying a watch being priced at over a million dollars.

[@rayleeaustralia]

Because PP themselves bought most of them back as a PR stunt

[@bobziho]

Like I NEED to have moon phase on my watch because i can't look at the fucking moon.

[@rayleeaustralia]

Because Patek Philippe themselves buys it back?

[@robzi7557]

One can buy the most expensive and the highest quality of watches all over the world, but one cannot buy time. That's for sure.

[@DexterTunacao]

Its very hard to tell if one is wearing an expensive watch these days. Not unless you bring a magnifying glass and let everyone see it up close. So what's the point.

[@watchestv-com]

Because it should be first and foremost a personal thing, it should satisfy you before anybody else.

[@dann3410]

Dexter Tunacao disagree..., very easy to recognize Swiss quality at a glance.

[@김기태-m2l]

Dexter Tunacao you’d never understand poor philippino... why try to?

[@xfan616]

some people like watches and wear them, some people like watches and make money out of it, some people even no idea what is quartz and automatic stands for..............................

[@flyingphoenix113]

Patek is the haute horology equivalent of Rolex. They experiment in terms of engineering, but rarely do they change design. And thus, the watches they produce are timeless aesthetically, yet relevant mechanically. This is also why I will never be a Patek or Rolex man. Their resistance to creativity and dogmatic conservatism mean that they will never produce anything that really harkens back to a time or era (other than, maybe, the Henry Graves Supercomplication). Vacheron Constantin is, arguably, the only one of the "Holy Trinity" that continues to push boundaries and make designs that set themselves apart. AP has seen fit to sit back and coast on the laurels of the Royal Oak. A. Lange is as dogmatically conservative as Patek and Rolex. JLC and IWC are primarily relying on throwbacks to older models. And, even the futuristic Richard Mile has stopped innovating in terms of design! Only Vacheron has continued to show that making history requires making bold decisions. That is why their 250+ years of horological history makes them worthy of the title "best watchmakers."

[@watchestv-com]

Typically something I love with watchmaking as we all have our opinions about this and that ;) But true that VC is a very beautiful brand and they are chasing PP for sure.

[@prod_adrian]

To me Patek is a whooooole different level compared to Rolex watches!

[@flyingphoenix113]

Of course. That said, their philosophies are fairly similar overall. There's an undeniable amount of overlapping similarities.

[@ciptapradja2814]

Geez... you type so much yet knew so little. Rolex, however famous/innovative/historical is not on same plane of existance of Patek. One of the indicator is price. Another is availability of any models of the brand. Furthermore, A. Lange only established after the fall of Berlin Wall. However exquisite their watches are, surely not on same plane as well. I don't know whether you are a snob or a knob......

[@nameunko]

Cipta Pradja LMFAO you are clearly a dumbass that cannot read. He clearly said they share a similar philosophy: refuse to change and rely on the same aesthetic and the loyal fans. Learn how to read and dissect people’s point of argument fucktard.

[@andrewvillanueva4222]

Money haves people happy

[@MultiPopculture]

Asians are the richest and they like to polish up their vintage watches to make them look shiny and new. Its a matter of taste.

[@supertlp2543]

Please think about that patek philippe spends years to Make one watch and years more to Create another one. They Are professionals and it still takes years. Thats Why patek philippes watches Are the best in the world ( I own rolex and patek but rolex is no match for patek. Ever. They dont just rush and and cash out some rich people.. they want to Make history. They have interviews to buyers because they dont want to sell the watch to Someone Who doesent know the reason Why Hes buying a watch.

[@rayleeaustralia]

Patek themselves bought it all back so they may inflate the prices

[@sonalpatel6119]

NPA : 27

[@tasheeralam2186]

He means watches doesn't worth any but buyer who has that much of money to blow off

[@pte1808]

To whom this Star Caliper 2000 is made for? Rich people, yes, but I believe these complicated watches are made just because they can. These are kind of show off. Its only use is to own it.

[@DutchClawz]

Because they buy/bid on their own watches😂😂

[@ZurriyetBlogs]

Stainless Steel patek, oh noo :(( patek always must be gold. 40k for steel patek :((

[@watchestv-com]

Than look at this one ;) kzbin.info/www/bejne/Z5CsoWmMj5ZlsLc

[@ZurriyetBlogs]

TheWATCHES.tv i know that, patek should use ONLY gold. if you use steel for more MONEY. then no difference middle end brand. same as vacheron and audemars (using steel).

[@monoshah3289]

His accent sounds Scandinavian....

[@daniloucles2024]

"I'm Swiss" I'm American. We do a fuck-ton of things better than just a fucking watch!

[@adrianxxxx36]

Frankly because we have a lot of idiots with money. Let's pay for t-shirt a million why not.

[@ClarityRyZze]

A good friend of my father gifted him one of these. He wanted to gift it to me until I told him its not a cheap piece of junk ahha

[@watchestv-com]

Crazy story!!

[@johntucker3004]

Rappers: $pends right under a million $dollars$ on this bull$hit wrist watch$$$$ Me: 2016 Rolls Royce Wraith + 2014 Mercedes Benz G Wagon + 2015 Land Rover Range Rover + 2017 Nissan GTR + Lamborghini Countach + Lamborghini Huracán + Mitsubishi Lancer Evolution X + Mitsubishi Lancer Evolution IX + Garage = $900,000. Patek Phillipe < Dream Garage.

[@Shitbox_connoisseur]

kind of a shit dream garage, g wagons and range rovers are lame ass soccer mom mobiles, they aren't even good in their damn class, the nissan gtr is sought after by fanboys and that's about it considering there are less expensive more reliable cars that outperform it, and the countach is just fucking lame, it's not noteably fast or quick, it's not an amazing handling car and it looks way too busy, you'd be better off with a diablo.

[@PressurePlayerStudio]

And in 100 years they made a profit and you lost it all :)

[@drakeg6946]

You’d rather get a huracan than the SV roadster?

[@Yanuaradil]

Whoever had a patek was have ten of your dream garage

[@Ricky-ci4jx]

Not too much taste when it comes to vehicles haha.

[@maryamalatsaryah9035]

Swiss Made ia ok

[@bmwfan1988]

My dad said he would buy me a Patek Philippe Sky Moon Tourbillon for my 18th birthday

[@watchestv-com]

Nice dad ;)

[@tauqeer2k]

Basically what he is trying to say is...BUY IT BUT DONT USE IT OR ELSE YOU WILL SPOIL ITI have a Timex Atlantis 100 and have been wearing it since 1997 and today is 06/07/2017 and it is still going strong in my hand...timeless masterpiece...Top that Pathetic Phillipe screw driver...

[@antiscam1811]

id rather buy seiko watch and the remaining go to the needy. i can not bring that watch to my grave.

[@jamilshekinski]

Overrated brand with a stupid design.

[@edyswen]

Well my iphone 📱 can watch porn, let’s see Patek top that

[@bessiebraveheart]

a good product. but overrated and totally overpriced. they are not very robust.

[@bobynaji9988]

😢😢😢😢

[@ryan2stix]

turd

[@watchestv-com]

Check out this video kzbin.info/www/bejne/roPcgHZ-drWGn5o and you'll have more info regarding this Patek Philippe Ref. 2497 in white gold, the only one!! Best to you

[@ricardoe.3635]

Thanks!

[@watchestv-com]

Welcome

[@shahbazmoin4672]

Why isn't he wearing a watch? 🤔

[@denny8548]

After hearing all the big words vocabulary he's using I still don't get it. Must be BULLSHIT.

[@martinc.720]

Denny or you’re just not smart enough