Why Patek Philippe watch is too expensive !!?

The name Patek Philippe is among the most powerful in the entire watch industry. It is synonymous with class, conservatism, high auction values, price legitimacy, and some of the best looking traditional watches now or ever made.

Patek Philippe remains an independent company whose secrets and plans are tightly guarded, and its most exclusive watches often go directly from the factory to the hands of the world's most prestigious collectors - never to be displayed in a store counter or window.
When it comes to high-end timepiece auction prices, Patek Philippe leads the pack easily dominating all other watch makers in regard to achieving regular, record-setting prices.
Most Patek Philippe watches that yield not-so-small fortunes during auctions as extremely rare, often unique pieces made for special collectors. Most of these bespoke Patek Philippe watches were produced in the first half of the 20th century, during a time when Patek Philippe was much more open to design and product experimentation.
Though some of its most valuable timepieces (which includes both pocket and wrist watches) have been produced in the modern era. aBlogtoWatch has compiled an assortment of the world's rarest and most valuable Patek Philippe watches in terms of price, starting with a collection of 15 pieces. The list may grow over time as auction results or new watches of extremely high worth over $1,500,000 become available to share.

1. The Henry Graves Jr. Supercomplication — $23.98 million

The Supercomplication is among the most complicated and historically important watches ever made by Patek Philippe, or as a matter of fact, by any other watch manufacture. With its two dials, 24 complications, more than 900 parts and a weight of over 1 pound, this 18 karat gold pocket watch pushed the limits of mechanical complexity way beyond any other watch ever produced before. Among other complications it features a perpetual calendar, a minute repeater with Westminster Chimes, sidereal time and a celestial chart including a mapping of the sky over Manhattan. Following five years of planning and assembly, it was delivered in 1933 to its customer, Henry Graves Jr., a millionaire banker and avid watch collector from New York responsible for some of the most valuable Patek Philippe watches on earth.

2. Reference 1527 Perpetual Calendar in 18k Rose gold — $5.71 million

The Reference 1527 is the most expensive wristwatch by Patek Philippe ever sold on auction, but it is only upon a closer look when it reveals exactly why it managed to fetch such a stratospheric price. First of all, there is the time when it was made: between 1943 and 1944. It is not merely the fact that the watch was produced during the second World War, but also that this particular one of a kind piece served as a fore-runner to some of the most iconic wristwatches that Patek Philippe has made ever since. For the knowledgable Patek collector, this piece is a time machine: its elongated and slightly curved lugs, its dial layout and its unusually large diameter for the time of 37.6 mm all preceded other famous Patek references by at least a decade. Furthermore, the overall design and size of this one-of-a-kind piece remains timelessly elegant even 70 years after its creation.

3. Caliber 89 Grand Complication Pocket Watch — $ 4.95 million

The Caliber 89 is the most complicated watch that Patek Philippe has ever created. The manufacture presented it in 1989 as it celebrated its 150th anniversary. The watch from initial drawings and plans to the final piece took 9 years to develop and manufacture. Its 4-level movement comprises 33 complications, among which are the perpetual calendar, sunset-sunrise and sidereal time displays, Westminster-chime on four gongs, Grand and Petite sonnerie, alarm, thermometer and a titanium-caged two-minute tourbillon. The movement itself contains 1,728 hand-finished parts, 126 jewels and weighs in at an incredible 600 grams - yes, that's just the movement!

4.Reference 2458 Observatory Chronometer for J.B. Champion — $3.99 million

Another absolute rarity among Patek Philippe's most coveted wristwatches is this unique, chronometer certified Reference 2458. Watches with chronometric certificates might sound familiar to many: COSC is the official Swiss institution testing subjected watches individually for their timekeeping performance and issuing certificates once they pass the tests. However, timepieces with Observatory provenance are on a different level. Before the advent of quartz watches during the 1960's, Observatory Precision Contests were organized to verify the finest and specially developed movements. Patek has won over 700 titles over the course of several decades on these competitions. Joe Ben Champion, who ordered this watch, was a successful criminal defense attorney, and he also was one of the most important clients of Patek Philippe.

5. Reference 5004T Titanium for Only Watch Auction — $3.99 million

Although Patek has stopped producing their Reference 5004, for the 5th Only Watch auction (held in September, 2013) they went on to create one final and completely unique version, the 5004T. It is housed in a highly polished titanium case, a seldom-used material by Patek. Making the design even more distinct compared to other 5004 versions (and other Patek watches in general) is a dial made of solid gold, hand-engraved with a checkered pattern.

Prepared By : Dinesh Ramulu and Manigandan Raja

Source :

http://www.businessinsider.com/rarest-and-most-expensive-patek-philippe-watches-2014-12/#reference-2458-observatory-chronometer-for-jb-champion--399-million-14