When Norbert d Patek met the talented French watchmaker Jean-Adrien Philippe at the Paris World Fair in 1844, this was the beginning of one of the most renowned premium watch brands. Philippe had already made his mark in watch history with one of its most revolutionary inventions - the crown winding. This genius design meant that watches no longer needed to be wound with an additional key, but both the winding and the time adjustment of the hands can be performed much easier by the crown.
On 15th May 1845 the lawyer Vincent Gostkowski, also became an associate and the company was renamed to Patek Philippe & Co. In the same year they applied for a patent for a watch with a winding stem and hand adjustment mechanism. Patek Phillippe and & Co. produced the first watch with a minute repeater.
Among watch connoisseurs Patek Philippe is regarded as the leading brand, not least because of its traditions and the continuous creation of peak horological performances, for instance in the area of complications. This is characterized by the many inventions that have affected fine watchmaking. From 1845 (modern crown winding) until 1996 (annual calendar) Patek Philippe has been awarded over 70 patents.
The watches produced by the brand are not only sold as consumer items, but also as investments with a very stable value. This is unmistakably reflected in the auction results: on 14 April 2002 in Geneva, a model World Time watch from 1946 in platinum reached a price of more than 6.5 million CHF and thus holds the record for the most expensive wristwatch ever auctioned. The 20 most expensive wristwatches in the world that were ever sold at an auction come exclusively from the house of Patek Philippe.