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.
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What To Do When Your Vintage Lamborghini Suddenly ExplodesMondaq News Alerts (registration), January 30th
This means that we can expect repair services to be undertaken with reasonable care and skill, which is reassuring, whether it is a Lamborghini or a Patek Phillipe watch. To succeed in his claim, Mr Hunt will need to establish that, among other things...Read more
Apple Watch is cool but real watches are better investmentsYahoo Finance, January 28th
“The level of complication will certainly add to the value, 9 of the top 10 most valuable watches ever sold at auction are from Patek Philippe," according to Clymer. Rock legend Eric Clapton received a windfall when his Patek Philippe 2499 sold at...Read more
Swiss Watchmakers Jolted by Currency ShockNew York Times, January 22nd
At Geneva's annual luxury watch fair this week, Vincent Malissen was delighting in the intricacies of a gleaming timepiece from Vacheron Constantin, one of Switzerland's most prestigious watchmakers. The price starts at 288,000 euros. But when it came...Read more
Patek Philippe ends 175th anniversary with London retrospectiveLuxury Daily, January 21st
Swiss timepiece maker Patek Philippe will host a London exhibit May 27 until June 7 to give horologists a rare look inside the family-owned watch brand. Patek Philippe will present the Watch Art Patek Philippe Grand Exhibition at the Saatchi Gallery...Read more
Patek Philippe extends its influence on London's New Bond Street with the help ...wallpaper.com, January 20th
London's most prestigious retail corner just got a little more luxurious with the opening of fine-watch marque Patek Philippe's elegantly conceived new salon. Situated opposite Peter Marino's flagship Louis Vuitton store, Patek Philippe has extended it...Read more
Rolex to Raise Japan Watch Prices After Swiss Franc SoarsBloomberg, January 19th
Rolex will raise prices of watches in Japan next month and Patek Philippe is considering doing the same after Switzerland's removal of a currency peg caused the franc to surge. Rolex will increase the price of its steel Submariner Date with a black...Read more
Deconstructed: Patek Philippe T150Christie's, January 14th
In 1851, Patek & Co. became the more modern Patek Philippe & Co., and in 1854 it signed an agreement listing Tiffany & Co. as the exclusive agent of Patek watches in North America. (Charles Lewis Tiffany had changed the name after buying out his ...Read more
Patek Philippe Commits to Geneva With $440 Million InvestmentThe Business of Fashion, January 14th
Patek said it expects the 50,000-square meter building to be finished by 2018 and it will give the 175-year-old watchmaker sufficient space for the next 20 to 30 years. The Patek Philippe Supercomplication pocket watch fetched 23.2 million Swiss francs...Read more