Patek philippe casino

Patek philippe casino

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Patek Philippe

Swiss luxury watch and clock manufacturer

Patek Philippe SA (French:[paˈtɛkfiˈlip]) is a Swiss luxury watch and clockmanufacturer, located in the Canton of Geneva and the Vallée de Joux.[3] Established in , it is named after two of its founders, Antoni Patek and Adrien Philippe. Since , the company has been owned by the Stern family in Switzerland[4] and remains the last family-owned independent watch manufacturer in Geneva.[5] Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted watchmaking history since its founding.[6][7][8] It designs and manufactures timepieces as well as movements, including some of the most complicated mechanical watches. The company maintains over retail locations globally and over a dozen distribution centers across Asia, Europe, North America, and Oceania. In , it opened the Patek Philippe Museum in Geneva.[9][10][11]

Patek Philippe is widely considered to be one of the most prestigious watch manufacturers in the world.[12][13][14][15] As of July , among the world's top ten most expensive watches ever sold at auctions, nine were Patek Philippe watches. In particular, Patek Philippe Grandmaster Chime Ref. A[16] currently holds the title of the most expensive watch (and wristwatch) ever sold at auction (US$31 million/27 million CHF), while Patek Philippe Henry Graves Supercomplication, the world's most complicated mechanical watch until ,[17] currently holds the title of the most expensive pocket watch ever sold at auction (US$24 million/21 million CHF).[18]

History[edit]

Early history[edit]

The company traces its origins to the midth century, when Polish watchmaker Antoni Patek and his Czech-born Polish business partner Franciszek Czapek formed Patek, Czapek & Cie in Geneva on 1 May and started manufacturing pocket watches.[19] The two eventually separated due to disagreements, and the company was liquidated on 18 April [20][21] At that point, Czapek founded Czapek & Cie on 1 May with a new partner, Juliusz Gruzewski.[22] Subsequently, Patek was joined by French watchmaker Adrien Philippe, the inventor of the keyless winding mechanism (although this had been discovered previously by Abraham Louis Breguet but not patented by him), and continued the watchmaking business with a new company, Patek & Cie, beginning on 15 May .[21]

On 1 January , the company's name was officially changed to Patek, Philippe & Cie.[19] In the same year, Queen Victoria of the United Kingdom acquired a keyless pendant watch at the Great Exhibition in London.[19] The watch was embellished with rose-cut diamonds set in the pattern of a bouquet of flowers.[20] The Queen had another exclusive Patek Philippe timepiece, to be worn pinned to clothing. This watch was suspended from a diamond and enamel brooch.[23][24] In , Patek Philippe created the first Swiss wristwatch for Countess Koscowicz of Hungary.[19]

In , Adrien Philippe commissioned a watch that he later gave to his daughter Louise as a wedding present, which is known as the only wristwatch dating back to be owned by either Patek or Philippe. This historical watch is known as “The Watchmaker’s Daughter” and was auctioned in by the descendants of Adrien Philippe. The watch was purchased most probably by the Patek Philippe Museum though this is not confirmed and may be owned by a private collector.[25] The wedding between Louise Philippe and Joseph Antoine Bénassy where the watch was presented is noted as the wedding that helped Patek Philippe survive the founding generation by providing the company with a successor to Antoni Patek.[26]

In March , Antoni Patek died at the age of 65, but his only son, Léon Mecyslas Vincent Patek, did not join the business.[20][26] As a result, Joseph Antoine Bénassy-Philippe, one of Adrien Philippe's sons-in-law, succeeded to Antoni Patek's position.[26] In , the cross of one of the four Military Orders of Spain, the Order of Calatrava, became the registered company logo of Patek Philippe as a sympathetic allusion to the still-extant order of Catholic knights that fought the Muslims in the Crusades.[27][28] In , the year-old Adrien Philippe handed over his position in the business to his youngest son, Joseph Emile Philippe, together with François Antoine Conty.[26][29] Adrien Philippe died in January [29]

Company restructuring[edit]

saw the transformation of Patek Philippe into a joint-stock company, Ancienne Manufacture d'horlogerie Patek, Philippe & Cie, Société Anonyme, initiated by J. A. Bénassy-Philippe and Joseph E. Philippe.[26][29][30] Still being run as a family business, Patek Philippe then had seven shareholders, five of whom formed the board of directors with J. A. Bénassy-Philippe being the chairman.[30] Joseph E. Philippe's son later joined the company, and he was the last offspring of the founders in the business.[26] In , Albert Einstein ordered a gold pocket watch from Patek Philippe; in that year, he completed his Theory of General Relativity.[31][32]

The Stern family of Switzerland has owned Patek Philippe since , when Charles Stern and Jean Stern acquired the company during the Great Depression.[4] The Stern brothers' company, Fabrique de Cadrans Sterns Frères, had been a business partner of Patek Philippe as its supplier of watch dials. In , Patek Philippe was brought to American markets by New York-based Henri Stern Watch Agency, where it was sold as a sister brand alongside Universal Genève.[33]

In , Henri Stern, the son of Charles Stern, became the president of Patek Philippe.[4][34] Alan Banbery, who previously designed Universal's "Compax" movements and worked as a horologist for London's Garrard & Co, would take on the position of Director of Sales in and later authored official reference books on vintage Patek Philippe pocket watches and chronographs.[35][36]

Recent developments[edit]

In , Philippe Stern, the son of Henri Stern, became the president of the company.[4][34] He initiated the publication of the twice-a-year Patek Philippe Magazine in , which is reserved for the watch owners and has received contributions from various prominent writers including Nobel LaureatesGao Xingjian and José Saramago.[37]

In , Philippe Stern's son, Thierry Stern, took over the reins from his father.[38] In , the company produced 40, timepieces and, according to Thierry Stern, it produced 58, pieces in [39][40] In , the number went up to 62,, and in order to maintain quality and exclusivity, Patek Philippe would only slowly increase the number of timepieces produced each year (by percent per year) but with a ceiling.[41][42] Currently[when?], the company is an active member of the Federation of the Swiss Watch Industry FH.[43]

Since the s, Patek Philippe timepieces have repeatedly fetched high prices in auctions worldwide. As of , among the world's top ten most expensive watches ever sold at auctions, nine were Patek Philippe watches. Among the top 58 most expensive watches sold at auction (over 2 million US dollars), 46 are Patek Philippe watches. A small part of the demand for auction pieces is driven by Patek Philippe themselves, as they are purchasing in the auction market to add to the collection of the Patek Philippe Museum in Geneva.[44][45][46]

Motto and slogan[edit]

One of Patek Philippe's company slogans is "You never actually own a Patek Philippe. You merely look after it for the next generation." The slogan was introduced when the company launched its "Generations" campaign in [47]

Watch manufacturing[edit]

Patek Philippe manufactures its own watch components.[50] Like other Swiss manufacturers, the company produces mostly mechanical movements with automatic or manual winding mechanism, but has also been producing quartz watches.[51] In fact, Patek Philippe was one of the twenty Swiss watch companies that founded the Centre Electronique Horloger and collaboratively developed the first Swiss quartz movements, such as the Beta 21 movement () which was used by several manufacturers in their watches.[52] In s, the company even produced a prototype for a mechanical digital wristwatch, Ref. [53]

Patek Philippe popularized complications such as perpetual calendar, split-seconds hand, chronograph, and minute repeater in mechanical watches.[54][55][56] In , the company announced that all of its future mechanical timepieces would be imprinted with the Patek Philippe Seal which requires a precision of -3/+2 seconds per day for diameters no less than 20&#;mm and -5/+4 seconds per day for diameters less than 20&#;mm, surpassing the highest industry standard of watch manufacturing and thus abandoning the Geneva Seal.[57][58][59]

In December , World Wide Fund for Nature (WWF) released a report assigning environmental ratings for 15 major watch manufacturers and jewelers in Switzerland.[60][61] Patek Philippe was given the lowest environmental rating as "Latecomers/Non-transparent", suggesting the manufacturer has taken few actions addressing the impact of its manufacturing activities on the environment and climate change.[60][61]

Notable inventions and patents[edit]

Patek Philippe has invented over 20 basic calibres and has received over patents.[62] The following are some of the important contributions from Patek Philippe to the watchmaking industry.

  • In , patented keyless winding and hand-setting system, which received a bronze medal at the Industrial Exposition in Paris.[19]
  • In , created the first Swiss wristwatch.[19]
  • In , patented its precision regulator.[63]
  • In , patented perpetual calendar mechanism for pocket watches.[63]
  • In , patented double chronograph.[63]
  • In , produced the world's first lady’s wristwatch with complication (No. , a five-minute repeater).[63]
  • In , launched the world's first split-second chronograph wristwatch (No. ).[63]
  • In , created the world's first perpetual calendar wristwatch (No. 97 ), with a compact movement for pendant watches created in [63][64]
  • In , created the Henry Graves Supercomplication, the most complicated mechanical watch in the world (24 complications) until [65]
  • In , patented the Gyromaxbalance.[65]
  • In , created the world's first all-electronic clock which, in , received the "Award for Miniaturization” in New York.[66][67][68][69]
  • In , a tourbillon movement achieved the world's still-unbeaten timekeeping precision record for mechanical watches at Geneva Observatory.[67][69]
  • In , patented the secular perpetual calendar with retrograde date indication.[67]
  • In , created the Calibre 89, the most complicated mechanical watch in the world (33 complications) until [70]
  • In , patented annual calendar mechanism and introduced the first annual calendar model Ref. [70][71]
  • In /05, launched the annual calendar Ref. , being the world's first watch with silicon-based (the Silinvar alloy)escapement wheel.[70][72][73]
  • In , introduced the silicon-based Spiromaxbalance spring.[70]
  • In , introduced the Pulsomax silicon-based escapement.[70]
  • In , introduced the Oscillomax ensemble, combining the Spiromax balance spring, the Pulsomax escapement, and the GyromaxSi balance.[70]
  • In , created the Grandmaster Chime Ref. , one of the world's most complicated wristwatches (20 complications).[70][74]

Notable models[edit]

Most expensive pieces[edit]

Main article: List of most expensive watches sold at auction

  • On November 28, , the Patek Philippe Star Calibre Ref. /1 was sold at Christie's in Hong Kong for a final price of US$ million (HKD 25,,), becoming the most expensive timepiece ever auctioned in Asia at the time.[75] The timepiece boasts 21 complications, including Westminster Chimes, minute repeating, lunar orbit and so on, and was made in [76]
  • On November 11, , the Henry Graves Supercomplication was sold at Sotheby's Geneva Auction for a record-breaking US$ million (CHF 23,,), becoming the most expensive watch ever sold at auction and held the title until November 9, [77] The Supercomplication was made in for the prominent banker Henry Graves Jr. The ultra-complicated pocket watch (having 24 complications) was the result of Graves' friendly horological competition with James Ward Packard. After Graves' death, the watch was held by his daughter, and then by his grandson until , when it was sold to Seth G. Atwood who kept the watch in his renowned "Time Museum" in Rockford, Illinois until [77][78] The watch was auctioned for the first time at Sotheby's in December for a record-breaking US$11 million to Sheikh Saud Bin Mohammed Bin Ali Al-Thani of the Qatari royal family.[79]
  • On November 12, , a Patek Philippe Ref. in steel took the title as the most expensive wristwatch ever sold at auction (until October ). Sold through Phillips' Geneva auction house, the watch fetched a final price of US$ million (CHF 11,,).[80] This was the first time that a steel-case Ref. (only four were made in steel) went for auction; in fact, this piece was the first of the four steel Ref. manufactured, which features a chronograph and perpetual calendar.[81]
  • On November 9, , Patek Philippe Grandmaster Chime Ref. A became the most expensive watch ever sold at auction, fetching US$31 million (CHF 31,,) in Christie's Geneva auction.[82][18]
  • On December 11, , Patek Philippe Nautilus Ref. with Tiffany blue dial set a new world record for any wristwatch sold online, realizing US$ million in Phillips New York auction.[83]
  • On April 25, , a likely unique Patek Philippe Ref. – featuring a rare pink-gold case, and even rarer signature on its center subdial from Gobbi, the Milan watch dealer – sold at Sotheby's in Hong Kong for $ million (HKD 60,,), setting a new record as the most expensive Ref. ever sold at auction.[84]

Calatrava wristwatch[edit]

Main article: Patek Philippe Calatrava

In , Patek Philippe launched the first Calatrava model Ref. 96, which was designed by English horologist David Penney who was influenced by the Bauhaus art movement in Germany.[19][85][86] Originally, the Stern brothers, soon after they acquired Patek Philippe in , introduced the Calatrava to help the company pass through the Great Depression smoothly.[85][87]

The original Calatrava Ref. 96 was in production for more than 40 years, and its successor models include Ref. , Ref. , Ref. and so on.[86][88] Known for its simple and elegant design, the Calatrava wristwatch has been a flagship model of Patek Philippe since its introduction.[87][88] Notably, the Calatrava Cross has been company's logo since [27]

World Time wristwatch[edit]

Patek Philippe World Time (Heures Universelles) collection was introduced in , with Ref being the first model.[89] The "World Time" complication is able to show the time for all 24 time zones on the same watch and was invented by Swiss watchmaker Louis Cottier in [89][90] Cottier's invention attracted several watchmaking companies, while Patek Philippe was the first company to introduce a series of World Time wristwatches after forging a partnership with Mr. Cottier.[91] The successors to Ref. include Ref. , Ref. , Ref. (with minute repeater), and so on.[89]

As of , Patek Philippe World Time collection (Ref. , Ref. ) holds 6 spots among the 58 world's most expensive watches sold at auction (over 2 million US dollars), with the world record being million US dollars (6,, CHF) made at Antiquorum's Geneva auction on April 13, [92][93]

Nautilus wristwatch[edit]

In , Patek Philippe introduced the Nautilus collection after deciding it was time to produce an exclusive sport watch with finishes of the highest quality.[94][95] The first model was Ref. and was made of steel.[96] It was designed by Swiss watchmaker Gérald Genta, who previously designed the Royal Oak collection for Audemars Piguet, and was released by Patek Philippe during the quartz crisis in the hope that it would help re-attract people's attention to high-end Swiss mechanical watches.[95]

The Nautilus collection played a key role in Patek Philippe's overall marketing strategy as it had to refresh the brand image while perpetuating tradition. The target was represented by dynamic business managers of the new generations.[97] The Nautilus wristwatch has become one of the most popular collections from Patek Philippe, and the Ref. & models, which the company introduced in to celebrate the 30th anniversary of the collection, are among the most popular models.[95][98]

Aquanaut wristwatch[edit]

In , Patek Philippe introduced the Aquanaut collection, marking a departure from their traditional dress watches. The Aquanaut was designed as a luxury sports watch for a younger generation of watch enthusiasts, featuring a contemporary and sporty aesthetic alongside the refined craftsmanship that Patek Philippe is known for.

The first Aquanaut model, the Ref. A, was crafted from stainless steel and equipped with a black dial and a black rubber strap. This signature rubber strap, a first for Patek Philippe, was composed of a new composite material designed for durability and comfort. The Aquanaut collection has grown to encompass a variety of models in stainless steel, rose gold, and white gold, with additional complications like chronograph and travel time functions.

The Aquanaut has become a highly successful collection for Patek Philippe, known for its blend of sportiness, luxury, and everyday wearability.

Perpetual calendar chronograph[edit]

Patek Philippe perpetual calendarchronograph was introduced in , with Ref. being the first model.[99] On November 12, , a Ref. in steel became the most expensive wristwatch ever sold at auction (until October ), fetching a record-breaking US$ million (11,, CHF) in Geneva (through Phillips' auction house).[80]

As the successor, Ref. is widely considered to be one of the greatest watch models in the world.[99][][][][] Historically, only pieces of Ref. were made from to - around 9 pieces each year.[99][] Over the course of 35 years, four series of Ref. were introduced, exerting a strong influence on the watch designs of many other renowned watchmakers.[99] As of June , Ref. holds eleven spots among the 59 world's most expensive watches sold at auction (over 2 million US dollars) and at least 18 pieces of Ref. have been auctioned for more than million US dollars, with the world record being million US dollars (3,, CHF) made at Sotheby's Geneva auction on November 13, [] The successors to Ref. include, in chronological order, Ref. , Ref. and Ref. [99]

Sky Moon Tourbillon[edit]

Patek Philippe Sky Moon Tourbillon wristwatch was introduced in , with Ref. being the first model.[][] The wristwatch has two dials and contains 12 complications including tourbillon, minute repeater, sky chart, and moon phase & orbit. In , the company introduced the second model of Sky Moon Tourbillon, Ref. , also with 12 complications.[] The new model took 7 years of research and development, while the engraving on each piece alone took more than hours.[][]

Sky Moon Tourbillon was the most complicated wristwatch from Patek Philippe until [][] It is estimated that only 3 - 5 pieces are made each year, and the price for each piece is over US$ million.[] However, every purchase of the piece requires an application from the buyer and has to be approved by Patek Philippe President Thierry Stern.[][] On October 2, , a Sky Moon Tourbillon G was auctioned by Poly Auction in Hong Kong, fetching US$ million (HKD 21,,), making it one of the most expensive watches ever sold in auction.[]

th anniversary edition[edit]

Main article: Patek Philippe Calibre 89

In , Patek Philippe created Calibre 89, then the most complicated mechanical watch ever made, for its th anniversary.[] Calibre 89 holds 33 complications, including the date of Easter, time of sunrise, equation of time, sidereal time, and many other indicators. 1, unique parts allow sidereal time, a 2, star chart, and more.[][] In addition, Calibre 89 is able to add a day to February for leap years while leaving out the extra day for every year interval.[][]

Only four pieces of Calibre 89 were ever manufactured by Patek Philippe, with one in white gold, one in yellow gold, one in rose gold, and one in platinum.[][] The yellow-gold and the white-gold Calibre 89 were sold at auctions by Antiquorum in and , respectively, and both watches currently rank among the top ten most expensive watches ever sold at auction, with final prices over 5 million US dollars.[][][][]

th anniversary edition[edit]

In , Patek Philippe introduced the Grandmaster Chime Ref. , the most complicated wristwatch ever built by the manufacturer (with 20 complications, but no tourbillon), to celebrate its th anniversary.[74][] Only seven pieces of Ref. were created, with one permanently residing in the Patek Philippe Museum in Geneva. The sale price for each of the other six pieces was million CHF ( million US dollars).[74][]

In , Patek Philippe introduced the Grandmaster Chime Ref. , succeeding the Grandmaster Chime Ref. [][] Ref. also has 20 complications, including grande sonnerie, minute repeater, and alarm with time strike (but without tourbillon), with the sale price over million US dollars.[][] The purchase of each piece requires an application from the buyer and has to be approved by Patek Philippe President Thierry Stern.[]

See also[edit]

Notes[edit]

  1. ^Originally the watch was ordered and owned by the founder, Adrien Philippe. Adrien gifted the watch to his daughter, Louise, as a gift for her wedding to Joseph Antoine Bénassy in , which is noted as the marriage that saved Patek Philippe. A successor was desperately needed at the time for the company to survive the founding generation. Joseph would replace Antoni Patek running the company in upon his death. It is one of a kind as the only wristwatch owned by one of the founders of Patek Philippe. The watch is the earliest ancestor of the Calatrava possessing the profile and size that would become the standard for future wristwatches being slim with a round case, which would be later implemented in Reference The watch was passed down internally by the descendants of Adrien Philippe for years. Auctioned at Sotheby's in [25]

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Источник: thisisnl.nl

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