Patek Philippe news and archive

Rare Patek Philippe watch sells for 17.6 million dollars

A Patek Philippe timepiece that in 2016 became the most expensive wristwatch ever sold at auction fetched an even higher price this weekend, auctioneers Phillips said Sunday. The watch sold for 14,190,000 Swiss francs (17.6 million dollars), surpassing the 11 million francs it fetched nine years ago, or 11 million dollars at the time. The Patek...

Fashion

Patek Philippe chief not worried for top-end Swiss watches

Patek Philippe's chief says he is not anxious about the prospects for top-end timepieces, despite Swiss watch exports slowing overall after three years of spectacular growth. Thierry Stern told AFP he was "not worried about the high end" of the market during the Geneva watch fair, which brings together 54 major brands at Swiss watchmaking's...

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Fairs

Rolex, Patek Philippe ditch Baselworld to create new watch fair

Five of the world's biggest luxury watchmakers, including Rolex, Patek Philippe and Chanel, announced Tuesday they would withdraw from Baselworld to create a new watch fair. Joined by jeweller Chopard and Rolex subsidiary Tudor, the brands that for decades were considered pillars of the iconic fair in the northern Swiss city of Basel have...