Why Is Patek Philippe So Expensive? | 7 Reasons | So Expensive.

Why Is Patek Philippe So Expensive?

There are watches and then there are Patek Philippe watches. The latter are very fine timepieces that are mostly distinguished by the fact of their being unaffordable to the majority of the global populace. So why is Patek Philippe so expensive? This video will take an in-depth look at why Patek Philippe is so expensive and list all possible reasons that explain why Patek Philippe timepieces cost so much. Tune in and learn some gripping facts about Patek Philippe watches that you never knew and can put to use!

Timestamps:
0:00 Introduction
0:27 Peerless Exclusivity
1:49 Amazing Quality
2:23 Consistent Innovation
3:04 Precise Hand-Finishing
3:56 Excellent Resale Value
4:46 Longstanding Heritage
5:14 A-Class Craftmanship
5:49 They Are Status Symbols

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[hatorihanzo]

It’s expensive Bc someone figured out that Rich people will spend stupid amount of money as long as it is “expensive “

[tomscott]

I would say dollar for dollar Lange can give them a run for their money... or your money. I have held both in my hands and if I had the cash it would be a tough choice. Still, I'm perfectly happy with my Omega watches. Plus I still have my car, my house, and all my internal organs.

[Millano]

Quality and great history. Guy from Poland (Patek) always looked at quality.

[minkoiliev]

In general, I am a big supporter of the Rolex brand, but Patek / PP / - this is a higher chorology. Honestly, probably the most prestigious watch brand or the so-called royal brand.
At least according to most world rankings, Patek is the ABSOLUTE TOP OF THE SO-CALLED GREAT TRINITY OF SWISS MANUFACTURERS.

[keepcalm]

Pateks are so expensive because high demand and low supply drives up the price. Business 101. They don't mass produce these watches and they certainly don't mass produce the different styles they create.

The demand for the watch, materials used, combined with the fact that its made by hand is the trifecta justification for the brand to tag these watches at the prices they go for.

Ultimately these watches do one thing. Tell the time, but they do it with precision. Some of these watches will give you lunar cycles, tides, tell you when Venus is in retrograde (just kidding with that one) But you guys get the idea.

It's the consumer that ultimately determines the price of something. If no one was willing to pay for Patek's at those prices, they wouldn't be at the prices they are at. But when people are willing to shell out more money than some people make in a year for one or more, than the maker KNOWS what they have is special.

[peterfcoyle]

Does it keep better time than a Timex?

[Good_BorisAV]

_Thanks!_
_Very interesting and informative!_

[Magik]

It might take years for them to design and develop the watch. However, it takes them around 2 hours in the factory to assemble it and test it.

[nuclearwinter]

Marketing. Excellent marketing is the answer.

[wronski]

same materials, same makers, same quality without the brand name, these watches would be 20k max.

[wiiliamgarwood]

These watches are excellent, you pay for craftsmanship,

[alexp]

50 year watch enthusiast... Hand finishing is the hallmark of fine watchmaking, and Patek has plenty of competition that produces far more realistic timepieces without all the complications.
For me, the only Patek watch I would ever consider is the 3919 Calatrava, Jack Welch watch. Simple, plain, gold and elegant, with white face and black Romans, ideal. The rest of the line, no thank you! Simplicity, hand finishing ultra thin are my hallmarks.

[medhanshdasari]

6:08 I am pretty sure that's a me if I am wrong

[greaterbayareahero]

The 5711 is the most overprice piece of metal I’ve ever seen. It’s not even hand engraved. People who bought these nautilus have been ripped off beyond believe. They will realise it when they come to sell it.

[DUZA]

I would love the very simple model Albert Einstein had...that’s a classic

[donya]

The best and beautiful watch in the world is patek philippe But it is a pity that I can not buy in Iran because I do not have the budget😔

[The_Plain_Truth]

I have a seiko perfect time keeper but id still love one of those bad boys ❤😁

[alexhamilton]

The photo of prince William is his Omega Seamaster isn’t it?

[shimikhumalo]

they look dope wouldn't mind get one for my self

[bimil]

Einstein did not have a Patek he had a Longines gold wristwatch, model 3352