Sell Your Patek Philippe
Watch in Philadelphia
Are you looking to sell your Patek Philippe watch? TNS Diamonds is a trustworthy, family-owned business running for over 20 years. Whether you’re looking to buy, sell or get a loan against your valuable Patek Philippe watch, we’re the best place in Philadelphia! We are located on Philadelphia’s Jeweler’s Row in the heart of the city.
About Patek Philippe Watches
Patek owners know that they have the best in watch craftsmanship, heritage, and design sitting on their wrists.
It’s said that fewer than one million Patek Philippe watches have been made since 1839. That’s fewer than some very high-end Swiss manufacturers produce in a year. Patek production is so detailed that it takes nine months to make its most basic watches, and more than two years to produce some of the more complicated timepieces. Meanwhile, demand is growing around the world.
How Much Is My Patek Philippe Watch Worth
Patek Philippe’s resale value trumps all other makers, whether vintage or modern. Watches completed for Patek’s 175th-anniversary collection are already trading on the secondary market for extraordinary prices. Pieces such as the 5131 Cloisonné Enamel immediately earned almost double their retail price at auction, straight from retail.
From a broader, more historical perspective, you could have bought a Calatrava for $300 in the 1950s; today, they can be more than $20,000. There are perpetual chronographs — namely the 2499/100 fourth series — that cost less than $20,000 in the 1980s but be worth well over $400,000 today. And an original Nautilus from the 1970s, which originally retailed for less than $3,000, now trades for more than $50,000.
Commonly Asked Questions About Patek Philippe Watch
Pricing ranges from $20k all the way up to $485k for new Patek Philippe watches. On the pre-owned market at auction, we’ve seen Patek Philippe watches, the Nautilus Tiffany Blue, sell for $6.5 million.
There are two main factors as to why Patek Philippe watches are so expensive. The first reason is that the watchmakers at Patek complete most of the work by hand. This highly skilled labor is time intensive which translates to higher prices for their watches. The second is that there is a tremendous amount of demand for Patek Philippe watch. The brand makes arguably the best watches in the world so between them having a high-quality product plus a loyal customer base, they can charge top dollar for their product
If you properly maintained and cared for a Patek Philippe watch, it should last a lifetime. Patek brags about their customers never actually own a Patek, they are just taking care of it for the next generation. This catchphrase is entirely true because it lasts forever.
Patek Philippe watches can certainly be considered an investment. The best strategy to get the most monetary value when owning a Patek Philippe watch is to buy it new.
Most Patek Philippe watches that have been properly cared for sell more pre-owned than new at MSRP. Exceptions to this are older vintage watches or ones that haven’t been poorly cared for
It is extremely difficult to buy a new Patek Philippe at authorized dealers. Almost all their watches command a waitlist and that list is usually reserved for the preferred clients of the dealer. This means if you’re not a significantly large spender at that store, chances of you buying one of these watches brand new are slim to none.
Who makes the best watch is debatable and there are many different opinions. It is based on each person’s preference and what they prioritize. What everyone can agree on is that Patek is universally accepted as a top-tier watch manufacturer.
If you’re ready to Sell Your Patek Philippe Watch you can request a quote from TNS Diamonds below: