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Patek Philippe
Swiss luxury watch and clock manufacturer / From Wikipedia, the free encyclopedia
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Patek Philippe SA (French: [paˈtɛk fiˈlip]) is a Swiss luxury watch and clock manufacturer, located in the Canton of Geneva and the Vallée de Joux.[3] Established in 1839, it is named after two of its founders, Antoni Patek and Adrien Philippe. Since 1932, the company has been owned by the Stern family in Switzerland[4] and remains the last family-owned independent watch manufacturer in Geneva.[5] Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted watchmaking history since its founding.[6][7][8] It designs and manufactures timepieces as well as movements, including some of the most complicated mechanical watches. The company maintains over 400 retail locations globally and over a dozen distribution centers across Asia, Europe, North America, and Oceania. In 2001, it opened the Patek Philippe Museum in Geneva.[9][10][11]
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Company type | Private (Société Anonyme) |
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Industry | Watchmaking |
Founded |
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Founders | |
Headquarters | Plan-les-Ouates, Canton of Geneva, Switzerland
46.16629°N 6.11211°E / 46.16629; 6.11211 |
Area served | Worldwide |
Key people |
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Products | Mechanical watches, clocks |
Production output | 70,000 (2023)[1] |
Revenue | US$2.05 billion (2023)[2] |
Owner | Stern family |
Subsidiaries |
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Website | www |
Patek Philippe is widely considered to be one of the most prestigious watch manufacturers in the world.[12][13][14][15] As of July 2023, among the world's top ten most expensive watches ever sold at auctions, nine were Patek Philippe watches. In particular, Patek Philippe Grandmaster Chime Ref. 6300A-010 currently holds the title of the most expensive watch (and wristwatch) ever sold at auction (US$31 million/27 million CHF), while Patek Philippe Henry Graves Supercomplication, the world's most complicated mechanical watch until 1989,[16] currently holds the title of the most expensive pocket watch ever sold at auction (US$24 million/21 million CHF).[17][18]