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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Recent News: Patek Philippe Watches

Source: Google News

Patek Philippe's most valuable watches
Telegraph.co.uk, December 19th

The two faces of the watch, moreover, in some way represent the passing of a torch. The reference made in Patek's ads to the generational handing on of precious timepieces – ''You never actually own a Patek Philippe'' etc – is in fact true of the...Read more

Queens of (mechanical) hearts
World Tempus, December 19th

Just a short while ago, its ladies' offering revolved around the mainly quartz-driven Twenty-4® model, which in turn made way for a new generation of mechanical Patek Philippe watches for women named Ladies First and often equipped with complications...Read more

Patek Philippe just opened the largest watch shop on London's Bond Street
GQ.com, December 16th

Having grown from 85 sq metres to an impressively large 420 sq metres, Patek Philippe's Maison at Number 16 has become the largest watch presence on London's Bond Street. According to its president, Thierry Stern, Patek Philippe had always wanted to ...Read more

Patek Philippe Salon reopens on Bond St
WatchPro.com, December 15th

The London Patek Philippe Salon has grown in size from 85 sq m to 420 sq m will now offer the largest dedicated watch presence on Bond Street with 21 display cases carrying the largest range of Patek Philippe watches in the UK, including grand ...Read more

Patek Philippe Ref. 658 Black Dial Pocket Watch Fetches $527000 at Sotheby's
Forbes, December 14th

Sotheby's final watch auction of 2014 concluded in New York featuring a variety of watches and clocks among its top lots. Familiar names such as Patek Philippe, Vacheron Constantin and Paul Newman Daytona Rolex watches mixed with rare complicated ...Read more

Rockefeller Patek Philippe Watch Could Fetch $200000 at Auction
Bloomberg, December 8th

Christie's might sell watches out of New York City's Rockefeller center, but on Dec. 11, Antiquorum will sell a Patek Philippe watch gifted by Nelson A. Rockefeller himself. The ref. 1463 chronograph is a hot watch even before provenance comes into play...Read more

My night with the world's most expensive watch
The Week Magazine, December 4th

It turns out that the event, hush-hush with the high security of a presidential fundraiser, marked the unveiling of a watch. Patek Philippe, the oldest family-owned horological company in the world, was celebrating 175 years of continuous existence...Read more

Watchmakers are cracking down on bootleg smartwatch faces
Engadget, November 24th

With that said, some of these watch faces are still relatively easy to find. I quickly spotted a Moto 360 replica of Patek Philippe's Grandmaster Chime, an ultra-rare watch whose real version costs a whopping $2.6 million. It's doubtful that watch...Read more