GITNUX REPORT 2024

Most Expensive Patek Philippes: Auction Records Shattered With Sky-High Sales

Discover the jaw-dropping prices and intricate details of the most expensive Patek Philippes ever sold.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The Patek Philippe Calibre 89 was created in 1989 to celebrate the company's 150th anniversary

Statistic 2

The Calibre 89 has 33 complications, making it one of the most complex watches ever made

Statistic 3

The Patek Philippe Henry Graves Supercomplication was commissioned in 1925

Statistic 4

The Henry Graves Supercomplication took 8 years to design and manufacture

Statistic 5

The Patek Philippe Ref. 1518 was the world's first perpetual calendar chronograph wristwatch produced in series

Statistic 6

The Patek Philippe Calibre 89 took 9 years to develop

Statistic 7

Only 4 examples of the Patek Philippe Calibre 89 were produced

Statistic 8

The Henry Graves Supercomplication took 5 years to produce

Statistic 9

The Patek Philippe Ref. 1518 was in production from 1941 to 1954

Statistic 10

The Patek Philippe Ref. 2499 was in production from 1951 to 1985

Statistic 11

The Patek Philippe Grandmaster Chime Ref. 6300A-010 took 100,000 hours to develop

Statistic 12

The Patek Philippe Ref. 5016 was in production from 1993 to 2011

Statistic 13

Only 281 examples of the Patek Philippe Ref. 1518 were produced

Statistic 14

Only 4 known examples of the Patek Philippe Ref. 1518 exist in stainless steel

Statistic 15

The Patek Philippe Ref. 2499 'Asprey' is one of only two known examples with the Asprey signature

Statistic 16

Only 349 examples of the Patek Philippe Ref. 2499 were produced over 35 years

Statistic 17

The Patek Philippe Ref. 5016 was produced in a limited series of approximately 200 pieces

Statistic 18

The Patek Philippe Grandmaster Chime Ref. 6300A-010 is the only one ever made in stainless steel

Statistic 19

The most expensive Patek Philippe ever sold at auction is the Grandmaster Chime Ref. 6300A-010, fetching $31.19 million in 2019

Statistic 20

The Patek Philippe Henry Graves Supercomplication sold for $24 million in 2014

Statistic 21

The Patek Philippe Ref. 1518 in stainless steel sold for $11 million in 2016

Statistic 22

The Patek Philippe Ref. 2499 'Asprey' sold for $3.88 million in 2018

Statistic 23

The Patek Philippe Ref. 5016A-010 sold for $7.3 million in 2015

Statistic 24

The Patek Philippe Calibre 89 has over 1,728 components

Statistic 25

The Calibre 89 weighs 1.1 kg

Statistic 26

The Henry Graves Supercomplication has 24 complications

Statistic 27

The Patek Philippe Ref. 1518 has a 35mm case diameter

Statistic 28

The Patek Philippe Ref. 2499 has a 37.5mm case diameter

Statistic 29

The Patek Philippe Grandmaster Chime Ref. 6300A-010 has 20 complications

Statistic 30

The Patek Philippe Ref. 5016 features a tourbillon, minute repeater, and perpetual calendar

Share:FacebookLinkedIn
Sources

Our Reports have been cited by:

Trust Badges

Summary

  • The most expensive Patek Philippe ever sold at auction is the Grandmaster Chime Ref. 6300A-010, fetching $31.19 million in 2019
  • The Patek Philippe Henry Graves Supercomplication sold for $24 million in 2014
  • The Patek Philippe Ref. 1518 in stainless steel sold for $11 million in 2016
  • The Patek Philippe Ref. 2499 'Asprey' sold for $3.88 million in 2018
  • The Patek Philippe Ref. 5016A-010 sold for $7.3 million in 2015
  • The Patek Philippe Calibre 89 was created in 1989 to celebrate the company's 150th anniversary
  • The Calibre 89 has 33 complications, making it one of the most complex watches ever made
  • The Patek Philippe Henry Graves Supercomplication was commissioned in 1925
  • The Henry Graves Supercomplication took 8 years to design and manufacture
  • The Patek Philippe Ref. 1518 was the world's first perpetual calendar chronograph wristwatch produced in series
  • Only 281 examples of the Patek Philippe Ref. 1518 were produced
  • Only 4 known examples of the Patek Philippe Ref. 1518 exist in stainless steel
  • The Patek Philippe Ref. 2499 'Asprey' is one of only two known examples with the Asprey signature
  • Only 349 examples of the Patek Philippe Ref. 2499 were produced over 35 years
  • The Patek Philippe Ref. 5016 was produced in a limited series of approximately 200 pieces

Hold onto your wallets, because were diving into the glamorous world of haute horology with the most eye-wateringly expensive Patek Philippes ever to grace a wrist. From the jaw-dropping $31.19 million price tag of the Grandmaster Chime Ref. 6300A-010, to the legendary craftsmanship behind the Henry Graves Supercomplication and the rare stainless steel beauty of the Ref. 1518, these watches are not just timepieces; theyre luxury investments in miniature. So, sit back, buckle up, and get ready to salivate over these horological marvels that redefine the very essence of extravagance.

Historical Significance

  • The Patek Philippe Calibre 89 was created in 1989 to celebrate the company's 150th anniversary
  • The Calibre 89 has 33 complications, making it one of the most complex watches ever made
  • The Patek Philippe Henry Graves Supercomplication was commissioned in 1925
  • The Henry Graves Supercomplication took 8 years to design and manufacture
  • The Patek Philippe Ref. 1518 was the world's first perpetual calendar chronograph wristwatch produced in series

Interpretation

The more complications a Patek Philippe watch has, the more expensive it becomes, making it a ticking timepiece of luxury and craftsmanship. From the jaw-dropping 33 complications of the Calibre 89 to the labor of love that was the Henry Graves Supercomplication, taking 8 years to meticulously craft, these timepieces are not just watches but masterpieces. And who could forget the groundbreaking Ref. 1518, the trailblazer in perpetual calendar chronograph wristwatches, a true pioneer in horological history. These timepieces are not just for telling time, but for showcasing the pinnacle of watchmaking excellence and class, all with a touch of timeless style.

Production Details

  • The Patek Philippe Calibre 89 took 9 years to develop
  • Only 4 examples of the Patek Philippe Calibre 89 were produced
  • The Henry Graves Supercomplication took 5 years to produce
  • The Patek Philippe Ref. 1518 was in production from 1941 to 1954
  • The Patek Philippe Ref. 2499 was in production from 1951 to 1985
  • The Patek Philippe Grandmaster Chime Ref. 6300A-010 took 100,000 hours to develop
  • The Patek Philippe Ref. 5016 was in production from 1993 to 2011

Interpretation

In the world of Patek Philippe watches, time is not just a concept—it's a currency. With creations like the Calibre 89 taking a whopping 9 years to develop and only 4 ever produced, one can't help but marvel at the meticulous craftsmanship and dedication that goes into each timepiece. From the historic longevity of the Ref. 1518 to the modern marvel that is the Grandmaster Chime, Patek Philippe has truly mastered the art of turning hours into timeless elegance. So next time you check your watch, remember that behind every tick and tock lies a story of unparalleled precision and luxury.

Rarity

  • Only 281 examples of the Patek Philippe Ref. 1518 were produced
  • Only 4 known examples of the Patek Philippe Ref. 1518 exist in stainless steel
  • The Patek Philippe Ref. 2499 'Asprey' is one of only two known examples with the Asprey signature
  • Only 349 examples of the Patek Philippe Ref. 2499 were produced over 35 years
  • The Patek Philippe Ref. 5016 was produced in a limited series of approximately 200 pieces
  • The Patek Philippe Grandmaster Chime Ref. 6300A-010 is the only one ever made in stainless steel

Interpretation

In the world of Patek Philippes, rarity is not just a concept, it's a way of life. With only a handful of stainless steel examples known to exist and limited production runs that can be counted on one hand, owning one of these timepieces is like holding a piece of horological history in the palm of your hand. From the elusive Ref. 1518 to the one-of-a-kind Grandmaster Chime in stainless steel, these watches are not just accessories, they are living legends. So, next time you see someone flaunting a Patek on their wrist, take a moment to appreciate the exclusivity and sheer audacity of their style - for they are not just wearing a watch, they are sporting a work of art that transcends time itself.

Record-Breaking Sales

  • The most expensive Patek Philippe ever sold at auction is the Grandmaster Chime Ref. 6300A-010, fetching $31.19 million in 2019
  • The Patek Philippe Henry Graves Supercomplication sold for $24 million in 2014
  • The Patek Philippe Ref. 1518 in stainless steel sold for $11 million in 2016
  • The Patek Philippe Ref. 2499 'Asprey' sold for $3.88 million in 2018
  • The Patek Philippe Ref. 5016A-010 sold for $7.3 million in 2015

Interpretation

In the world of luxury timepieces, Patek Philippe isn't just a name—it's a status symbol. With auction prices reaching astronomical heights, these watches aren't just for telling time; they're investments worth more than some small countries' GDP. From the jaw-dropping $31.19 million Grandmaster Chime to the "more affordable" $3.88 million Ref. 2499 'Asprey,' these pieces are more than just finely crafted chronometers—they're tangible proof that time is indeed money. So next time you see someone sporting a Patek Philippe, remember: it's not just a watch, it's a flex of financial prowess.

Technical Specifications

  • The Patek Philippe Calibre 89 has over 1,728 components
  • The Calibre 89 weighs 1.1 kg
  • The Henry Graves Supercomplication has 24 complications
  • The Patek Philippe Ref. 1518 has a 35mm case diameter
  • The Patek Philippe Ref. 2499 has a 37.5mm case diameter
  • The Patek Philippe Grandmaster Chime Ref. 6300A-010 has 20 complications
  • The Patek Philippe Ref. 5016 features a tourbillon, minute repeater, and perpetual calendar

Interpretation

In the world of luxury watches, Patek Philippe doesn't just tell time, it tells a story of complexity and craftsmanship unrivaled by many. With a Patek Philippe on your wrist, you're not just wearing a timepiece, you're carrying a miniature universe of over 1,728 meticulously designed components, weighing in at a hefty 1.1 kg for that added touch of luxury gym equipment chic. From the Henry Graves Supercomplication's 24 complications to the Grandmaster Chime Ref. 6300A-010's impressive 20 complications, Patek Philippe timepieces are the ultimate flex in horological elegance. So, if you want your watch to do more than just tell time, perhaps it's time to start saving up for that Ref. 5016 with its tourbillon, minute repeater, and perpetual calendar - because who needs a watch when you can have a conversation starter on your wrist?

References