The Swiss company that became Patek Philippe was founded in 1839. One of the company’s two founding partners, Antoine Norbert de Patek, met French watch maker Adrien Philippe in 1844 during a presentation of Philippe’s pioneering stem-winding system. In 1845, Patek’s partner decided to strike out on his own and in 1851, Patek Philippe & Cie was born.
From the beginning, Patek Philippe made some of the most complicated — and beautiful — watches ever produced. Fastidious records have been kept on every watch the company has made, so that modern-day collectors can request the repair history of any antique or vintage Patek Philippe watch before making a purchase.
Significantly, the company’s first wristwatch was also Switzerland’s first wristwatch. It was made in 1868 and sold to the Countess Koscowicz of Hungary in 1876. Ornate and clunky by contemporary standards, it was wound with a key and resembled a triptych, with the watch framed by two diamond-and-gold encrusted panels on either side. Patek Philippe has been a luxury brand ever since...
By the end of the 19th century, the technical quality of Patek Philippe watches began to be codified. In 1886, the micromechanical engineering and hand finishing of the firm’s wristwatch movements were awarded the prestigious Geneva Seal. Numerous patents followed, including one for a "split-seconds chronograph" in 1902.
Patek Philippe’s first complicated ladies’ wristwatch appeared in 1916. It had a five-minute repeater. In 1922-23, Patek Philippe created the first split-seconds chronograph wristwatch and in 1925 it introduced its first wristwatch with a perpetual calendar.
The 1920s was a vibrant decade for Patek Philippe. Some of its most sought-after antique watches are from this period, including the Officer Gondolo wristwatch from 1920, a perpetual-calendar wristwatch with moon phases in 1925, a repeater in 1926, and a square version of the handsome Gondolo in 1928.
Despite the Great Depression and new owners in 1932, innovation continued through the 1930s. The rectangular Reverso, whose face could be reversed as its name suggests, was produced in 1932, but it took more than a decade for the curiosity to find a buyer. The extra-large, "Staybrite" steel Doctor’s wristwatch arrived in 1937. As for the Calatrava, which is today considered one of the company’s flagship lines, it began in 1932, with new Calatravas added throughout the decade.
In 1941, Patek Philippe began regular production of its perpetual-calendar wristwatches — today these vintage Patek Philippes are highly prized by collectors. By the middle of the decade, a wristwatch named for Duke Ellington appeared. Edward Kennedy Ellington himself purchased one in 1948, though why the legendary jazzman needed a water-resistant wristwatch with a split-second chronograph and a tachometer can only be imagined.
Patek Philippe filed numerous patents for self-winding mechanisms in the mid-1950s (a self-winder from 1955 with a black enamel dial and labeled "Ref. 2526" is especially handsome). Patents were also filed in 1959 and 1962 for time-zone watches. The end of the 1950s saw the introduction of a prototype for a digital wristwatch; the late 1960s heralded the launch of the first model in the popular Ellipse collection ("Ref. 3548").
Concurrently, from the late 1940s until about 1960, Patek Philippe produced a number of wristwatches with cloisonné dials to take advantage of the abundance of enamel painters who were working in Geneva at that time. Subjects included maps (Geneva and its lake, the world, the Americas, Eurasia), sports figures (a tennis player, a polo player), and odes to nature (a rain forest, palm trees).
Another popular Patek Philippe series are the vintage, asymmetrical wristwatches of the 1950s and 1960s. Designed by Gilbert Albert, these post-war timepieces are distinctly Swiss riffs on the Mid-century Modern aesthetic of the day.
Key terms for Antique and Vintage Patek Philippe Wristwatches:
Chronograph: A watch that also records time intervals, like a stopwatch.
Cloisonné: A technique in which filaments of metal (often gold or copper) are soldered to a surface to create compartments that are then filled with ground enamel, fired, and polished.
Complication: A complicated watch is one that displays more than just hours, minutes, and seconds. Complications include an annual calendar and time zones. So-called "grand" complications include watches with moon phases, chronographs and split-seconds chronographs, and sky charts.
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Earliest Known Patek Philippe Grand Complication May Fetch $1.5M At AuctionForbes, May 23rd
Until the appearance of the Palmer watch, it was broadly accepted that Patek Philippe did not make its first Grand Complication until 1910 and that the second ever made was reserved before World War I for James W. Packard in 1916, Christie's explained...Read more
Haute Event: Patek Philippe Debuts Chronographs and Minute Repeaters ...Haute Living, May 20th
The hautest event in Los Angeles last week was easily the intimate affair presented by Patek Philippe on Thursday evening. Just 150 VIP guests were invited to a private mansion in Bel-Air to preview the luxury watch retailer's chronographs and minute...Read more
The 18 Most Expensive Watches Ever Sold At AuctionBusiness Insider, May 20th
#10 A, 18-karat, Patek Philippe Henry Graves Jr. watch engraved with the Graves family coat of arms sold for $2.99 million at a Sotheby's auction in June 2012. #10 A, 18-karat, Patek Philippe Henry Graves Jr. watch engraved. Sotheby's...Read more
Patek Philippe Ref 5004T for Only Watch 2013Perpetuelle.com (blog), May 18th
The first watch we are previewing for the September 2013 Only Watch event is this Patek Philippe Ref 5004T. The Patek Philippe Ref 5004 is a split-seconds chronograph + perpetual calendar; it was produced for about six years, until being replaced by...Read more
Patek Philippe boss: Quality is more important than growthCNN, May 17th
Watch more: Luxury goods snub slowdown. "It really allows me to do whatever I believe is right," Stern told CNN's Nina dos Santos. Patek Phillippe -- founded in 1839 by two Polish immigrants and bought by the Stern family in 1832 -- produces around 50...Read more
Patek PhilippeWorld Tempus, April 29th
For decades, the Calatrava – the prototype of the classic round wristwatch, including its Officer'sstyle variations with dust covers over the case back – has ranked among the most iconic creations of Patek Philippe. Uniting the key characteristics of...Read more
Omega Joins Patek Philippe Seeking Growth to Offset Slower ChinaBloomberg, April 28th
Revenue from watches and jewelry rose 2 percent in the first quarter excluding currency shifts and acquisitions. Patek Philippe, being closely held, doesn't report sales or earnings. Stern said he figured that Chinese clients who can afford 30,000...Read more
Patek Philippe: the next generation's heirloomGQ.com, April 25th
On the day, an Asian collector paid £2.3m - a handsome return for the guitar god, and another chapter written in the unique story of Patek Philippe watches. Estimable examples all, some of which have gone on to command extraordinary prices on the...Read more