When you’re looking at luxury watches as an investment, a popular idea rings true: you could never go wrong with Patek Philippe.
In November 2017, Phillips concluded The Hong Kong Watch Auction: Five, marking HK$109 million in sales, the highest sale total for any watch auction in Asia that year. It also broke the record for any wristwatch sold in Asia: a Patek Philippe World Time Ref 2523 which went under the hammer for HK$22.3 million. Another Patek Philippe, the Ref 5004 perpetual calendar split seconds chronograph, became the most expensive white gold Ref 5004 to have been sold at auction.
This followed a series of ultra high-profile auctions where even the auctioneer was floored by the market’s enthusiasm. Its Geneva Watch Auction: Four on 12 November 2016 was particularly memorable, as Phillips sold a Patek Philippe Ref 1518 perpetual calendar in stainless steel to a private collector for a jaw-dropping SFr11.02 million, marking the highest result for any Patek Philippe wristwatch at auction.
Why would someone pay so much for a watch like that? Is it simply because it’s a Patek Philippe? Because it’s a stainless steel model? Because it’s a vintage watch that’s long out of production? Because it’s an investment? The correct answer is: all of the above. And perhaps the better question is, why are Patek Philippe watches so valuable?
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Esta historia es de la edición April 2019 de Robb Report Singapore.
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Lounging in a Maldivian resort, wine-tasting in Bordeaux, putting a sports car through its paces at Sonoma Raceway, curating the best watches from Geneva, perusing the top menswear accoutrements in Milan, testing cutting-edge yachts in Monaco. The life of a Robb Report editor may sound glamorous, but-actually, we can't argue there. Even so, separating the wheat from the chaff is no small task in the luxury realm, since even the chaff can be mighty impressive. In our 36th annual Best of the Best issue, we again offer our assessment of the past year's most exemplary products, places and experiences. And yes, edition number 37 is already underway.
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Lounging in a Maldivian resort, wine-tasting in Bordeaux, putting a sports car through its paces at Sonoma Raceway, curating the best watches from Geneva, perusing the top menswear accoutrements in Milan, testing cutting-edge yachts in Monaco. The life of a Robb Report editor may sound glamorous, but-actually, we can't argue there. Even so, separating the wheat from the chaff is no small task in the luxury realm, since even the chaff can be mighty impressive. In our 36th annual Best of the Best issue, we again offer our assessment of the past year's most exemplary products, places and experiences. And yes, edition number 37 is already underway.
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Lounging in a Maldivian resort, wine-tasting in Bordeaux, putting a sports car through its paces at Sonoma Raceway, curating the best watches from Geneva, perusing the top menswear accoutrements in Milan, testing cutting-edge yachts in Monaco. The life of a Robb Report editor may sound glamorous, but-actually, we can't argue there. Even so, separating the wheat from the chaff is no small task in the luxury realm, since even the chaff can be mighty impressive. In our 36th annual Best of the Best issue, we again offer our assessment of the past year's most exemplary products, places and experiences. And yes, edition number 37 is already underway.
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Lounging in a Maldivian resort, wine-tasting in Bordeaux, putting a sports car through its paces at Sonoma Raceway, curating the best watches from Geneva, perusing the top menswear accoutrements in Milan, testing cutting-edge yachts in Monaco. The life of a Robb Report editor may sound glamorous, but-actually, we can't argue there. Even so, separating the wheat from the chaff is no small task in the luxury realm, since even the chaff can be mighty impressive. In our 36th annual Best of the Best issue, we again offer our assessment of the past year's most exemplary products, places and experiences. And yes, edition number 37 is already underway.
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