Any investment by its nature involves a certain level of risk. In fact, risk is the deciding factor. Whether you choose stocks, bonds, mutual funds or other financial products, there is always the possibility that you will be hit by deteriorating market conditions. Investing in tangible things — like houses, cars, paintings or watches — makes no difference. However, investing in luxury watches from top brands such as fake Rolex and replica Patek Philippe is one of the divisive topics in the collectors’ world.
Many people believe that buying a watch is just for sheer enjoyment, pleasure and satisfaction, because owning and wearing a perfect work of art is right on your wrist. Here at Bob’s Watches we certainly agree those reasons should be the most important considerations when buying a luxury timepiece, but there is no escaping the fact that there are certain models and certain brands that can accrue value extremely well. And in the current era, there are only two manufacturers that can claim to perform consistently year after year: Rolex and Patek Philippe.
It’s no wonder to see Rolex up there. The name of the most successful and well-known watch brand to date is familiar even to those who have no interest in horology. Not so with Patek Philippe. Founded in 1839, the family-run company may not have the same universal recognition among the general public, but within the industry, there is arguably no marque more revered.
The two brands are different entities. While Rolex is a mass producer of luxury replica watches, making an estimated one million timepieces each year, it is thought that Patek has only made around a million pieces since they started, 180 years ago. Patek Philippe is also responsible for a litany of innovations, including the split-seconds chronograph, the minute repeater, and the perpetual calendar.
With all that in mind, it is no surprise that the cost for the average Patek Philippe exists on another plane entirely to Rolex. Expect a starting price of around $20,000 for what could be described as an “entry-level” piece, such as the beautifully elegant Calatrava. At the top end, even a production model from their Grand Complications Collection can run up into the hundreds of thousands of dollars.
In the style, Patek Philippe to the most rigorous attention to detail as a model — from the incomparable dial design, to pour into the internal movement of the extraordinary craftsmanship, each movement is second to none.