Patek Philippe news and archive

Switzerland: Philippe Stern, former president of Patek Philippe, has died

Zurich - Patek Philippe announced on Monday the death of its former president, Philippe Stern. He represented the third generation at the helm of the prestigious, family-owned Swiss watchmaker. The father of the current president, Stern served as president of the company from 1993 to 2009. He “passed away on June 14, 2026, in his 88th year,” the...

Fashion

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...

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Fashion

Patek Philippe watch fetches record 11 million dollars at auction

A stainless steel Patek Philippe watch has sold for a record 11 million dollars (10.2 million euros) in Geneva, an auction house said Monday. The piece from the Swiss company's 1518 series sold on Saturday for 11,002,000 Swiss francs following a 13-minute bidding war, according to a statement from Phillips, a leading watch auction firm based in...

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Fashion

Watch fetches record 13.3 million pounds at Swiss auction

A Patek Philippe gold watch billed as the most expensive -- and most complicated -- in the world fetched a record 21.3 million dollars (13.3 million pounds) on Tuesday when it went under the hammer in Switzerland. The sale of the "Henry Graves Supercomplication", a handcrafted timepiece named after its original owner, a New York banker who...

Fashion

Records set at Patek Philippe anniversary auction

Records tumbled at a special auction in Geneva Sunday to mark 175 years of Patek Philippe watches, with a rare pink gold item going for 2.67 million dollars, auctioneers Christie's said. The auction of 100 wrist and pocket watches brought in a total of 19,731,099 dollars, double the original estimate, and set nine world records in the process....