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Patek Philippe – Why Does This Watch Cost so Much?

Posted on February 6th, 2014 by Goldman Buyer

In business and relationships, complications are best avoided. But in watches, complications are better than jewels.

To prove the point, Patek Philippe, the world famous 174-year-old watchmaker, is releasing its most complicated watch ever. Patek is considered the master of fine watch complications.

The watch is called the Reference 6002 Sky Moon Tourbillon. It has 12 complications – making it a “Grand Complication,” including a tourbillon, minute repeater, sky chart and perpetual calendar. The sky chart on the back of the watch shows the evening sky in whatever region you happen to be in, while the moon-phase display shows you whether the moon that night is a crescent or full.

The watch took seven years to develop and make, and the engraving alone takes more than 100 hours. The minute repeater has a chime that is turned to sound like cathedral bells.

The price for all those complications: $1.3 million. But money alone won’t get you the watch.

The Reference 6002 is what Patek calls “an application piece,” meaning you have to apply and prove that you have a track record with Patek and that you appreciated the artisanship of fine watches.

“Even if you offered $6 million for the watch, we wouldn’t sell it to you unless you are approved,” said Larry Pettinelli, president of Patek North America.

Patek won’t say how many of the 6002 watches it will make, but said “it’s very few.”

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