Patek Philippe World Time 5231J-001 (2024)

FAQs

Is Patek Philippe World Time a good investment? ›

A Patek Philippe Complications watch is considered a wise investment, particularly for those who value technological excellence combined with luxury. As the demand for high-caliber mechanical watches grows, so too does the potential return on these intricate timepieces.

Patek Philippe 5231J

The Patek Philippe Complications 5231J has a last known retail price of $81,610 and trades for $102,808 on the pre-owned market.

Authentic Patek Philippe watches should include a number of hallmarks and serial numbers that will help you spot the real deal. Reference and serial numbers should not be visible on a Patek Philippe watch's caseback, and faux versions will often have model or serial numbers visible on the caseback.

Inside the strap, you should find the iconic Calatrava Cross and the Patek Philippe logo—a signature mark of authenticity. The buckle too should carry the logo along with a stamp of its metal type. For the cherry on top, deployment clasps will always sport the Calatrava Cross.

Obviously, Pateks are more expensive, but that doesn't necessarily make them “better” in the grand scheme of things. “Patek has been making watches for 180 years, while Rolex has only been around for 110,” notes Bob's Watches founder and renowned Rolex collector, Paul Altieri.

Patek Philippe Watches Hold Their Value Well

In the realm of luxury watches, few brands command the respect and value retention that Patek Philippe does. Their combination of craftsmanship, history, and limited production ensures that many models not only retain value but appreciate over time.

Certain Patek Phillipe models have a reputation for being great investment choices, such as the Nautilus, Aquanaut, Calatrava, and Grand Complications. Two specific models that are highly sought-after with prices that appreciate well over time are the Nautilus 5711/1A and the Aquanaut 5167/1A-001.

The high prices of Patek Philippe watches also stem from the brand's dedication to uniqueness through its restricted production. Unlike numerous luxury watch brands that churn out hundreds of thousands of pieces each year, Patek Philippe deliberately keeps its production levels low.

Patek Philippe's Nautilus in stainless steel is an iconic luxury sports watch with an integrated bracelet, and prices are coming down.

Each year, Patek Philippe will produce roughly 50,000 new timepieces. To confirm the authenticity of a Patek Philippe watch, begin by checking its serial number, typically engraved on the case back. If the watch features a sapphire crystal case back or is see-through, you'll find the serial number inside the case back.

What are the most faked watch brands? ›

To determine whether or not your watch is authentic, please contact an official Patek Philippe retailer.

Explanation of reference numbers and their significance

Reference numbers are unique identifiers assigned to each Patek Philippe watch model. They consist of a combination of letters and numbers that provide information about the watch's series, movement type, case material, and other features.

1) Patek Philippe Nautilus 5811/1G

The original Patek Philippe 5711 was a phenomenal success, resulting in a limited edition of the model with sought after “Tiffany” blue dial.

They're desirable. They're rare. They're beautiful, they're extraordinarily well crafted, and they hold value. If you're looking for some serious watch game while ensuring the investment value simultaneously, consider the Patek Philippe models listed below that will have you ticking all the right boxes.

For movements, the Patek Philippe Seal specifies an extreme rate accuracy with a tolerance of no more than -1/+2 seconds per day. It imposes very strict requirements on the manual finissage of movement parts in keeping with the grand Genevan traditions.