Patek Philippe 5053 Arch Champagne Dial w/ Brown Leather Strap
Patek Philippe 5053 Arch
The Patek Philippe 5053 Arch Officers watch with 18k Yellow Gold and brown leather strap is an essential to any gentleman’s fine watch collection. The automatic watch movement compliments the superior quality watch produced in the Arch 5053. The dial features arabic numbers and a champagne dial. The back also features a partial skeleton exposure to show you the fine quality watch movements in action. This mens 18k gold watch comes with an outstanding Raymond Lee Jewelers presentation box.
A story about Patek Philippe – the world’s most prestigious brand
||18k Yellow Gold
||Champagne Dial with Black Arabic style numbers; date at 3 o’clock
||18k Yellow Gold, fixed, smooth
|Box and Papers
||This item comes with a Raymond Lee Jewelers Presentation Box
We commonly hear that brands like Rolex, Breitling, and Cartier are the leading luxury brands in the world of wristwatches. This statement isn’t false, but there is one other brand that surpasses even the powerful giants that dominate the market. That brand is Patek Philippe – the Swiss watch manufacturer that produces some of the most complicated watches. Many watch experts consider the brand as the world’s most prestigious.
Patek Philippe is a Swiss watch manufacturer that began in 1851. The company began when Antoni Patek, a Polish watchmaker, began making pocket watches in 1839 in Geneva along with a friend known as Franciszek Czapek. Five years later the two separated and Patek joined Adrien Philippe, a French watchmaker, to produce watches. Philippe was known as the creator of the keyless winding mechanism. In 1851 the two watchmakers officially founded the Patek Philippe & Co company.
Patek Philippe has many firsts in the world of watchmaking. These innovations include the perpetual calendar, split-seconds hand, chronograph, and minute repeater. More details are included below about each of these complications
– perpetual calendar: this is a calendar mechanism that displays the date perpetually, meaning that different lengths of the months and leap days are taken into consideration. There is a specific formula that has to be taken into consideration to create an accurate perpetual calendar. Transforming this mathematical formula into a mechanical complication is no easy task, but Patek Philippe managed to accomplish it.
– Split-seconds hand: a split-seconds hand is synonymous with a double chronograph. The double chronograph includes two separate stopwatch mechanisms in order to estimate two separate events of different durations. While one hand moves continuously, the other can be stopped.
– Chronograph: a chronograph watch combined a stopwatch with a display watch. Chronograph watches are very common today, but their creation can be attributed to the hard work of Patek Philippe. Historically, the chronograph was first used to record the time elapsed during horse races. Additional uses of the chronograph include recording heart beats, calculating the speed of athletes, or as a timer in the kitchen.
– Minute repeater: this is a complication that chimes the hours or even minutes. There are hour and minute repeaters. Hour repeaters chime every hour, while minute repeaters make an audible chime for every minute that goes by. Separate tones can be used for the minutes and hours. Originally, this function was created to serve visually impaired people since they could not see the dial. Today they are appreciated by watch connoisseurs.
Patek Philippe produces mostly mechanical movements such as automatic and manual wind, but some quartz movement have been produced. The brand is well known for manufacturing its own watch components. Patek Philippe watches fetch very high prices at auctions. One of the reasons for this is that Patek Philippe participates in the bidding wars themselves to purchase watches for museums. As a result, demand is high for their watches. In 2012, the brand produced only 50,000 watches. This is a far fewer number compared to the 2,000 watches that Rolex produces everyday.
Patek Philippe watches fetch very high prices as mentioned earlier. Here are some specific examples. In the early to mid 1900’s, Patek Philippe produced a pocket watch with 24 functions for Henry Graves, Jr. The watch was sold at an auction for $US11,000,000, making it the most expensive watch ever sold at the time.
In 2008, the Sky Moon Tourbillon was sold at an auction for $1.4 million US. The watch was sold in Hong Kong and tied the sell price of the Vacheron Constantin Tour de I’lle wristwatch.
In 2010, a Patek philippe chronograph yellow gold watch was sold at an auction for $5.50 million US. The watch had a perpetual calendar function, in addition to a moonphase display, and it was produced in 1943.
Recently in 2013, a watch collector purchased a Patek Philippe watch (REF #2499) for $611,000 US. The watch had a perpetual calendar function, in addition to a moonphase display. It was produced in 1953.