The name Patek Philippe is among the most powerful in the entire watch industry. It is synonymous with class, conservatism, high auction values, price legitimacy, and some of the best looking traditional watches now or ever made. Patek Philippe remains an independent company whose secrets and plans are tightly guarded, and its most exclusive watches often go directly from the factory to the hands of the world's most prestigious collectors - never to be displayed in a store counter or window. When it comes to high-end timepiece auction prices, Patek Philippe leads the pack easily dominating all other watch makers in regard to achieving regular, record-setting prices.
Most Patek Philippe watches that yield not-so-small fortunes during auctions as extremely rare, often unique pieces made for special collectors. Most of these bespoke Patek Philippe watches were produced in the first half of the 20th century, during a time when Patek Philippe was much more open to design and product experimentation. Though some of its most valuable timepieces (which includes both pocket and wrist watches) have been produced in the modern era.
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