Patek Philippe is known to be the most expensive watchmaking firm in history. The watches it produces are first among the most expensive watches in the world. Some of its most recent models sold for more than 11 million dollars. Why are Patek Philippe watches so expensive? History One may very well start by looking at the current owners. The Patek Philippe watchmaking firm came under the ownership of the Stern family in 1932, during a turbulent period following the 1929 economic crisis. The Stern family was already a very well-known provider of high-quality quadrants. Both firms made a point […]
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