Is Patek Philippe a Good Investment?

Any kind of investing inherently involves some degree of risk. In fact, it is the risk that is its defining factor. There's always the chance of taking a hit caused by souring market conditions, whether you opt for stocks, bonds, mutual funds, or any other financial product. It is no different when investing in tangible objects - things like property, cars, paintings, or watches. However, investing in luxury timepieces from top-tier brands such as Patek Philippe is one of those subjects which splits opinion in the collecting world.

Many people believe that watches should only be bought for the sheer enjoyment, pleasure, and satisfaction of owning and wearing a beautifully realized work of art on the wrist. Here at Bob’s Watches we certainly agree those reasons should be the most important considerations when buying a luxury timepiece, but there is no escaping the fact that (if chosen wisely) there are certain models and certain brands that can accrue value extremely well. 

Best Patek Philippe Investment

Investing in a Patek Philippe watch is not merely a purchase but a foray into a legacy of unrivaled craftsmanship and enduring value. Consider the Nautilus 5711/1A, which has seen its market value skyrocket due to its iconic design and limited availability, making it a highly sought-after collector's item. Unlike fleeting fashion trends, a Patek Philippe is a testament to masterful horology, often passed down through generations, much like cherished family heirlooms. For those looking to purchase this brand as an investment, here are some of the best Patek Philippe models that are often considered great for both collecting and investment:

• Patek Philippe Nautilus 5711/1A - Famous for its distinctive and elegant design, this model is highly sought after and has appreciated in value over the years.
• Patek Philippe Aquanaut 5167A - Known for its modern, sporty look combined with sophisticated mechanics, the Aquanaut is popular among younger collectors.
• Patek Philippe Grand Complications Perpetual Calendar 5270 - This is a complex watch that features a perpetual calendar, chronograph, and moon phase, making it a masterpiece of horology.
• Patek Philippe Calatrava 5196 - Emblematic of the brand’s understated elegance, the Calatrava is highly revered for its classic design.
• Patek Philippe World Time 5230 - This watch displays multiple time zones simultaneously, making it both a technical marvel and a useful tool for international travelers.

Which Patek Philippe to Invest In?

If you are thinking of buying a Patek with one eye on its future investment potential, some thorough research of the current market is definitely to be advised. There is a huge amount of information out there, but studying the different watch types and their specific features will be time well spent. Like anything, a particular model can fall in and out of fashion over time and so its price will be affected - and your first Patek Philippe watch should really be the total opposite of an impulse purchase. 

If you want to wear the watch as a daily companion, steering away from a vintage piece or anything too complicated may well be the right thing to do. While Patek watches are certainly built to last, it is important to respect the sort of delicate artistry that has gone into every one of them. However, if it is going to be your dress watch or a once-in-a-blue-moon thing, then a classic from the archives can certainly become a fast accumulating asset. While we have already suggested some of the best Patek models to invest in, below we look at some additional possibilities for your first Patek Philippe watch investment. 

Patek Philippe Calatrava Investment

Dating back to 1932, the Patek Philippe Calatrava is the marque’s original dress model and is about as simple as Patek, or any watch can get. The Calatrava by Patek Philippe epitomizes the essence of the dress watch with its clean lines and timeless elegance, making it a perennial favorite among collectors. This model has consistently retained or increased its value over time, attributed to its iconic status and the meticulous craftsmanship synonymous with Patek Philippe. The Calatrava's appeal is bolstered by its versatility, seamlessly transitioning from formal to casual settings, which broadens its marketability. As a flagship model of one of the most prestigious watchmakers in the world, investing in a Calatrava is considered a safe bet for those looking to add a dependable asset to their collection.  A few references to consider include:

• Calatrava Ref. 5227 - Known for its officer’s style case back, which is hinged and opens to reveal the sapphire crystal back, this model adds a hidden complexity to the traditional design.
• Calatrava Ref. 5119 - With a hobnail patterned bezel, this model is a nod to the vintage Ref. 3919 and is revered for its traditional look and feel.
• Calatrava Ref. 6006G - Featuring a unique graphic dial with a date by hand and an off-centered seconds sub-dial, this model stands out for its modern interpretation of the Calatrava principles.
• Calatrava Ref. 5296 - Available in several dial variations, it offers a contemporary size with a sector dial, combining vintage charm with modern sensibilities.
• Calatrava Ref. 6102R - This celestial watch includes a detailed astronomical display, showing the motion of the stars and the phase and orbit of the moon.

Patek Philippe Nautilus Investment

One of the most recognizable shapes in horology and one of the hottest watches in the world, the Patek Philippe Nautilus represents the more contemporary side of Patek Philippe. Stemming from 1976 and designed by the legendary Gérald Genta, it is an iconic luxury sports watch, found on the wrists of A-list celebrities the world over. Its distinctive porthole design and stainless steel construction cater to both sports enthusiasts and luxury collectors, making it highly sought after in the pre-owned market. As we discuss in our Patek Philippe Nautilus buying guide, rarity fuels its appeal, as waitlists for new models can extend for years, driving up resale prices significantly. The discontinuation of certain popular models, like the 5711/1A, has led to a surge in demand and value, illustrating the potential for substantial financial appreciation. Investors looking to capitalize on the enduring prestige and limited availability of the Nautilus may find it an excellent addition to their portfolios, promising returns that are as attractive as the watch itself.  Some references to consider include:

• Nautilus Ref. 5712/1A - Distinguished by its moon phase, power reserve indicator, and date sub-dial, this model offers additional complications while maintaining the Nautilus's signature aesthetic.
• Nautilus Ref. 5980/1A - This chronograph model with a stainless steel bracelet is highly sought after for its blend of sportiness and sophistication, making it a favorite among collectors.
• Nautilus Ref. 5726/1A - Featuring an annual calendar complication and moon phase display, this model offers practical functionality in a sleek and stylish package.
• Nautilus Ref. 3800/1A - Known for its smaller case size and classic design, this vintage model appeals to collectors seeking a more understated and timeless Nautilus.
• Nautilus Ref. 5713/1G - With a white gold case and a sleek blue dial, this model offers a luxurious twist on the classic Nautilus design, appealing to those looking for exclusivity.

Patek Philippe Aquanaut Investment

The Patek Philippe Aquanaut, with its sporty and modern aesthetic, has surged in popularity and investment value due to its contemporary design and scarcity. This model appeals to a younger demographic, making it a refreshing addition to the traditional luxury watch market. Its robust construction and unique, tropical-style strap make it as durable as it is stylish, ideal for both collectors and casual wearers. Over time, limited releases and discontinuations can significantly increase its market value. Therefore, investing in an Aquanaut could yield substantial returns as demand continues to grow. Some references to consider include:

• Aquanaut Ref. 5167A-001 - This model, with its simple and clean design featuring a black embossed dial and a rubber strap, has become a staple for its understated elegance and comfort.
• Aquanaut Ref. 5168G - Known for its larger 42mm case size and stunning blue gradient dial, this white gold model appeals to those looking for a statement piece that maintains an air of casual luxury.
• Aquanaut Ref. 5164A Travel Time - This functional travel watch includes a dual time zone mechanism, making it highly desirable for globetrotters who value both form and function.
• Aquanaut Ref. 5067A-025 - Featuring a diamond-set bezel and a unique blue dial, this ladies’ model combines sportiness with a touch of glamour, attracting a diverse audience.
• Aquanaut Ref. 5167R - This rose gold version brings a warm, luxurious touch to the traditionally sporty line, offering an elegant twist that appeals to a broad range of collectors.

Patek Philippe Gondolo Investment

Investing in the Patek Philippe Gondolo offers a unique opportunity due to its Art Deco-inspired design and historical significance. This collection, which reflects the geometric and decorative art styles of the 1920s, stands out for its distinctive shapes and sophisticated appearance. Collectors appreciate the Gondolo for its exclusivity and the variation in models, which often feature intricate manual wind movements. Given its niche appeal, the Gondolo maintains a strong presence in auctions and private sales, often fetching prices that reflect its rarity and elegance. The Gondolo is a sound choice for investors looking for a watch with both character and potential for appreciation. Some references to consider include:

• Gondolo Ref. 5109J - This model features a rectangular case and a clean, classic dial, embodying the elegance of the 1930s and making it a sought-after piece for those who appreciate vintage-inspired designs.
• Gondolo Ref. 5124G - Known for its distinctive tonneau shape and manual wind movement, this watch offers a unique alternative to more traditional designs, appealing to collectors who value uniqueness.
• Gondolo Ref. 5200G - This 8-day, day/date indication model showcases Patek Philippe's technical prowess with a blue sunburst dial and a sapphire crystal back, attracting those interested in both aesthetics and mechanical innovation.
• Gondolo Ref. 7099G - The 'Haute Joaillerie' version features a beautiful case adorned with diamonds and a unique mother-of-pearl dial, making it a luxurious investment piece.
• Gondolo Ref. 7042/100G-001 - Another high-jewelry model, this watch is exquisitely crafted with diamonds and intricate detailing, perfect for collectors who focus on exceptional gem-setting artistry.

Patek Philippe Golden Ellipse Investment

The Patek Philippe Golden Ellipse combines simplicity with golden aesthetics, making it a masterpiece of design. Its elliptical case, a novel shape when introduced in 1968, provides a blend of classic elegance and modernity, appealing to sophisticated investors.  As one of Patek's longest-running models, it represents stability in investment with a steady appreciation in value due to its enduring charm and rarity. Investing in a Golden Ellipse means owning a piece of horological purity that continues to enchant discerning watch enthusiasts.  Some references to consider include:

• Golden Ellipse Ref. 5738P - This model in platinum with a blue sunburst dial captures the quintessence of the collection’s understated luxury and is highly sought after for its classic yet distinct appearance.
• Golden Ellipse Ref. 5738R - Introduced in rose gold with a black dial, this variant adds a contemporary twist to the traditional Ellipse, making it appealing to modern collectors.
• Golden Ellipse Ref. 3738 - This model features an ultra-thin design, emphasizing the sleek, minimalist aesthetic that Golden Ellipse is renowned for.
• Golden Ellipse Ref. 5738/50P-001 - A limited edition to celebrate the 50th anniversary of the Golden Ellipse, this model comes with a hand-engraved dial that showcases exceptional craftsmanship, increasing its collectible value.
• Golden Ellipse Ref. 3582 - A vintage model from the 1970s, the Ref. 3582 presents a slightly different case shape that reflects the design trends of its era, appealing to vintage watch enthusiasts.

Patek Philippe Complications Investment

The Patek Philippe Complications series showcases the brand's prowess in creating watches with multiple functions, enhancing both their utility and appeal to investors. These watches feature annual calendars, dual time zones, and world time displays, among other sophisticated mechanisms. Their complexity not only exemplifies fine watchmaking but also attracts a premium in the resale market. A Patek Philippe Complications watch is considered a wise investment, particularly for those who value technological excellence combined with luxury. As the demand for high-caliber mechanical watches grows, so too does the potential return on these intricate timepieces. Some references to consider include:

• Complications Ref. 5235G - Known for its annual calendar and regulator-style display, this model features a sleek, modern design with a white gold case, appealing to those who appreciate contemporary watchmaking.
• Complications Ref. 5146J - This yellow gold watch includes an annual calendar and moon phase display, revered for its classic elegance and functional complexity.
• Complications Ref. 5396G - Featuring a full calendar with moon phases displayed in a very organized layout, this white gold model is popular among collectors for its balanced aesthetics and utility.
• Complications Ref. 5930G - A world time chronograph that combines two significant complications, making it highly sought after for its technical prowess and the practical application for global travelers.
• Complications Ref. 4947G - This annual calendar for women, set in white gold and adorned with diamonds, merges functionality with luxury, targeting the growing market of female horology enthusiasts.

Patek Philippe Twenty-4 Investment

Patek Philippe's Twenty-4 collection is specifically designed for women, offering elegance and practicality with a touch of luxury. Its sleek, rectangular design and diamond embellishments make it a favorite among those seeking a sophisticated yet functional accessory. As discussed in our Patek Philippe Twenty-4 buying guide, these watches retain their value remarkably well, particularly in markets favoring stylish and luxurious women's watches. An investment in a Twenty-4 is an investment in a piece that combines Patek Philippe's tradition with a modern appeal to female consumers.  Some references to consider include:

• Twenty-4 Ref. 4910/10A - The most iconic model in the collection, featuring a simple, rectangular face with diamond hour markers and a stainless steel bracelet, popular for its classic appeal and versatility.
• Twenty-4 Ref. 4910/1200A - Updated from the original 4910/10A, this model includes a larger case and more pronounced diamond setting, enhancing its allure and luxury appeal.
• Twenty-4 Ref. 7300/1200A - The first round-faced Twenty-4, featuring an automatic movement and a more casual design, making it suitable for everyday wear while retaining a touch of elegance.
• Twenty-4 Ref. 4908/50R-012 - A high-jewelry version, this watch is exquisitely crafted with rose gold and adorned with multiple rows of diamonds, making it a standout piece for serious collectors and investors.
• Twenty-4 Ref. 4909/50G - Another high-jewelry model, featuring a white gold case encrusted with diamonds, including the bracelet, which is fully paved, offering maximum sparkle and exclusivity.

Patek Philippe Perpetual Calendar Watch Investment

Not a model name, but rather a trademark complication that makes its way onto several pieces, Patek was the creator of the very first perpetual calendar wristwatch in 1925. Today, there are more than two dozen different examples in the catalog that feature the complication, mainly in the brand’s Grand Complications series, along with a white gold Nautilus, the ref. 5740/1G-001. In case you were wondering, a perpetual calendar is one step above an annual calendar in that it not only compensates for the different number of days in a month, but also automatically adjusts for leap years as well. The next time a perpetual calendar needs to be manually corrected is in the year 2100.

Patek Philippe is considered to be the father of the complication and their watches with the feature make up some of the surest investment targets out there. They are by no means cheap, which is to be expected considering the staggering amount of work that goes both into the design and execution of every movement. Prices for a contemporary model start at around $85,000 for the ref. 5320G, a beautiful Art Deco-inspired throwback with three-tier lugs and lacquered cream dial.

The good news is that prices for older references (such as from the ref. 5140 range) are far more realistic. Very similar in style to the current ref. 5327 – 37mm, gold, and with a round case - they can be found pre-owned for less than $50,000. Always impressive, and actually useful, perpetual calendar Patek watches can be among the most profitable models from the brand, above and beyond the more niche complications.

Those are just a few recommendations for budding Patek collectors. There's no doubt that to join those ranks you are going to need some serious financial means, but like all things, it is a case of you getting out what you put in. There are few certainties in horology, but a Patek Philippe watch holding its value or appreciating over time is about as close as it gets.

To paraphrase the brand’s famous advertising campaign: 'You never actually own a Patek Philippe, you merely look after it for the next generation… or at least hold onto it until its worth a shedload of cash.'

Patek Philippe vs Other Popular Watch Brand Investments

When considering an investment in luxury watches, the choice between Patek Philippe vs Rolex involves distinct advantages. Patek Philippe watches, such as the Nautilus or Grand Complications, often appreciate in value significantly, owing to their rarity and complex craftsmanship. Rolex models like the Submariner or Daytona are prized for their robustness and universal brand recognition, ensuring strong resale value. Investors might find Patek Philippe's offerings more akin to acquiring fine art, where each piece can skyrocket in worth under the right market conditions. Conversely, Rolex provides a more accessible entry point into luxury watch investment, with a broader market appeal and somewhat more predictable returns.