Results for Patek Philippe

Business News: Breitling's House Of Brands Joins Watches And Wonders For 2027 As Dates Unveiled

One of the largest watch group holdouts is heading to Watches and Wonders in 2027 as Breitling's House of Brands will join the world's premier luxury watch fair for the first time. Scheduled to take place April 5 to 11 in Geneva at Palexpo, with supplementary programs and exhibitions including the In The City events that debuted at the most recent edition, brands including Breitling, Gallet, Universal Genève and Italy's Damiani will exhibit alongside founding partners Rolex, Patek Philippe and Richemont brands, among others, according to a statement from the non-profit Watches and Wonders Foundation. The inclusion of the House of Brands group marks a significant addition for Watches and Wonders, underscoring its position as the most important annual gathering of Swiss and international luxury watchmakers, retailers, media, and the public each spring. The announcement follows news that Basel will return to the watch fair schedule with a new watch and jewelry show called Basilia that will follow during the same month, and leaves Swatch Group as the only major Swiss watchmaking conglomerate not participating in Watches and Wonders.  "The arrival of these new names represents an important milestone in the evolution of Watches and Wonders Geneva, and reflects the desire of major watchmaking Maisons to unite around a shared vision," Watches and Wonders organizers said in a prepared statement.  A record 65 brands participated in the event in 2026, including, for the first time...

Get Ready for Patek Philippe Watch Art Grand Exhibition Milan 2026

Three years after the Tokyo event, the Patek Philippe Watch Art Grand Exhibition Milan 2026 is now open for registration. Starting on October 2 at CityOval, a newly revamped event hall, the upcoming instalment of the exhibition will include some 500 timepieces. One of the most important markets for Patek Philippe in the latter half of the 20th century, the Milan event marks the return of the Grand Exhibition to Europe, after Munich in 2013 and London in 2015. As with prior exhibitions, the array of timepieces will range from historical watches from the Patek Philippe Museum to the limited edition collection made specially for the Milan show, which will start with basic models and progress to grand complications and Rare Handcrafts. The showcase will also encompass exhibits dedicated to Patek Philippe’s innovations, demonstrations of watchmaking crafts as well as workshops. The Grand Exhibition 2017 in New York. Image – Patek Philippe The Grand Exhibition 2019 in Singapore The exhibition is within CityOval, about 10 minutes’ drive from the city iconic Duomo. Formerly known as Palazzo delle Scintille, the venue was built a century ago as a sports arena but has been transformed into a modern event space with a historic facade. The Grand Exhibition takes places October 2-18, 2026, at CityOval. Entry is free but complimentary tickets are required and available via online registration at Watchart2026.patek.com.  

Bring a Loupe: A Broken Mulco Chronograph, A Gold Rolex Paul Newman, And A Lot In-Between

Go Knicks. That is all. Scorekeeping last week's picks: the Grand Seiko sold for $29,700; the Patek Philippe 570 is still available; the Certina CD sold for €120; and the LeCoultre Uniplan sold, but the auction house didn't upload the final price. Strays Photo courtesy Goodwill. Here's a Breguet Classique 5907 on Goodwill. Yes, a Goodwill in Minnesota received, as a donation, a solid-gold Breguet with a four-day power reserve, a manual-wind 510DR movement, a full guilloché dial, Breguet hands, and, as if all that weren't enough, the watch comes with its original box. As Warren G advised, mount up. Beyond that heavy-duty watch in the least likely place, this Dodane Diver is very cool, and this Vincent Calabrese (who also made the Corum Golden Bridge) Wandering Jump Hour on Meticulist is incredibly cool. Apparently, it's my time—or a good time generally—to be excited by rectangular-cased non-Reverso JLC models, and if you've been after a Juvenia Architect, this one seems like it'll be gorgeous once it's cleaned up a bit. I don't know anyone who collects Verity watches, but this diver sure looks great with its classic Monnin case and—there's no other word for it—rad hand set. Finally, here's another IYKYK from Zenith, this time a 40T, which has absolutely nothing going for it other than a beautiful, simple case and a dial marking beneath the handset that has to be one of the coolest movement-related badges on any model I'm aware of. In an effort to balance out last...

Studio Underdog’s new beginnings, Patek Philippe’s lasting legacies, and more record-breaking auction results

As I spend most of my week writing about the latest watch releases, it’s easy to fall into the trap of believing the hobby is all about what’s coming next. But every now and then, a week comes along that reminds you just how many different moving parts make up this interesting little world of … Continued

Business News: Basel Returns To Watch Calendar With April Basilia Watch & Jewelry Show

Basel, Switzerland, is returning as the venue for a major watch and jewelry show with the launch of Basilia planned for April, 2027. There's no word yet on which brands will participate, but event organizers say the show will give watch and jewelry brands from Asia and other parts of the world a venue to connect with buyers from Europe that don't participate at Watches and Wonders in Geneva, which is dominated by a handful of major Swiss brands, including Rolex, Patek Philippe, and Cartier. At a media conference Thursday in Basel, announcing the new fair, organizers stressed that Basilia is not a return of Baselworld, the massive event that was once the world's largest watch and jewelry fair boasting more than 2,000 exhibitors at its peak before Baselworld's final show in 2019. "Baselworld is no more. It has been more than seven years now, and it will not come back," says Roman Imgrüth, the CEO of MCH Group Exhibitions and Events, which is hosting the new fair with Informa Markets, the trade show and business-to-business events division of publicly listed Informa Plc. Basilia organizers, including MCH Group Exhibition and Events CEO Roman Imgrüth (left), announce plans for a new watch and jewelry fair in Basel.  Organizers say Basilia, which will take place after Watches and Wonders in Geneva, is targeting some 400 exhibitors and between 2,000 and 5,000 visitors for its inaugural edition next year. Participants and exhibitors have yet to be identified, but organizers sa...

The Patek Philippe Museum Celebrates 50 Years of the Nautilus

The Patek Philippe Museum turns 25 this year, but the Geneva institution has bigger things on its mind. Open now through early next year, 1976 – 2026 Nautilus 50th Anniversary is a thematic exhibition that explores the history of the brand’s emblematic sports watch. The exhibit will showcase key references that have defined the trajectory of the Nautilus, which was designed by Gérald Genta and launched in 1976, at a time when the idea of a steel watch was generally thought to be beneath a brand like Patek Philippe. The success of the Nautilus would ultimately validate the brand’s belief that design and craftsmanship could transcend mere material, and helped accelerate Genta’s storied career as a designer. Naturally, the exhibition will feature each of the four 50th anniversary references released this year including the ref. 5610P. Past visitors will observe the exhibit is located on the museum’s top floor, which has been transformed with a temporary 1970s-inspired makeover to give the Nautilus its proper setting. Exhibition details The exhibition is included with general admission to the Patek Philippe Museum, which is open Tuesday through Friday, 2:00 pm to 6:00 pm, Saturday from 10:00 am to 6:00 pm, and Sunday from 2:00 pm to 6:00 pm. The anniversary exhibit is scheduled to run until early 2027. Timed tickets can be purchased online, and advance reservation is recommended.  

Happenings: The Patek Philippe Museum Celebrates 50 Years Of The Nautilus With A Special Museum Exhibition

If you have ever been through Geneva but missed visiting the Patek Philippe Museum, you have missed the full horological experience. We should be thankful to the recently departed Mr. Philippe Stern, who passed away earlier this week, for leaving a legacy that extends not just to the work he did at Patek Philippe (of which his family has been caretakers of for generations) but also for providing a beautiful and robust celebration of watchmaking history through the Patek Philippe Museum. The space on Rue des Vieux-Grenadiers houses some of the most historically significant watches, not only from the storied brand's past but also from the broader history of watchmaking in Switzerland and abroad. And from June 2026 to early 2027, the museum is celebrating the 50th anniversary of one of their most important, influential, and coveted models: the Nautilus. Photo courtesy Patek Philippe. I've been to the museum a number of times, and the Nautilus has never taken a particularly prominent place in any display. With hundreds, if not thousands, of Patek Philippe watches on display, many of them unique, many of them complicated or artistically oriented, the Nautilus is truly only a small part of the brand's history. But it's also been the avenue through which the brand has reached its broadest audience, and the watch has made a massive impact on popular culture at large. So it's a watch worth celebrating. Patek is doing so in the way that feels most "them," with a very historically mi...

Philippe Stern, the Man Who Made Patek Philippe the World's Most Admired Watch Brand, Dies at 88

The honorary president who kept the family independent, survived the quartz crisis, and built a generational legacy

Obituary: Philippe Stern, Pivotal Leader of Patek Philippe

Philippe Stern, who served as general director and later president of Patek Philippe from 1977 to 2009, died yesterday at the age of 88. Under his stewardship, the Geneva manufacture was transformed from a small, workshop-scattered operation into the global benchmark for fine watchmaking, a position it holds to this day. He was the third generation of the Stern family to lead the company. His grandfather Charles, alongside his brother Jean, had acquired Patek Philippe from insolvency in 1932 from their position as the firm’s trusted dial supplier. His father Henri had built the company’s modern international distribution network and established the Henri Stern Watch Agency in New York, laying the commercial foundations on which Philippe would build. Father and son, Henri and Philippe Stern. Image – Patek Philippe Philippe Stern became managing director in 1977, at the height of the quartz crisis. The timing could not have been more demanding. Swiss watch industry employment was collapsing, from roughly 90,000 workers to a fraction of that figure within a few years, as electronic timekeeping rendered the mechanical watch commercially marginal almost overnight. Many established manufacturers collapsed, merged, or abandoned mechanical production entirely. Stern’s response defined his presidency. He kept the tooling, retained his engineers, and committed Patek Philippe irrevocably to mechanical watchmaking at the precise moment the industry consensus ran in the opposit...

Honorary Patek Philippe President Philippe Stern Passes Away: 1938-2026

Philippe Stern, the visionary executive who led Patek Philippe through the end of the quartz crisis, kept the family company independent and secured its position at the top of Swiss mechanical high horology, died on June 14th at the age of 88. The Geneva-based company announced Philippe Stern's passing in a statement calling the Patek Philippe Honorary President a "pioneering and visionary spirit" who "left an indelible mark on the history of the family manufacture, preserving its independence and establishing its global stature." Philippe Stern. Photo courtesy Patek Philippe. Stern led Patek Philippe as President from 1993 to 2009. During his tenure, he consolidated Patek Philippe's manufacturing at a new flagship manufacture in Plan-les-Ouates, Geneva. He integrated its production capabilities to bring as much as possible in-house. He also oversaw the launch of the Nautilus sport watch in the 1970s, the multi-year project to build the Caliber 89, the most complicated portable mechanical watch at the time, boasting 33 complications. In 2001, he inaugurated the Patek Philippe museum in Geneva, an unparalleled exhibition of not only Patek Philippe but of the entire history of horology. Philippe Stern was born in 1938 into a family already at the center of Swiss watchmaking: his grandfather, Charles Stern, had recently acquired the Patek Philippe manufacture in 1932, and his father, Henri Stern, had just joined the company. After studying economics and commerce, Philippe Ste...

News - Philippe Stern, Honorary President of Patek Philippe, Passed Away on 14 June 2026

A man who has been crucial in shaping the brand as we know it, Philippe Stern, General Director as of 1977, then President of Patek Philippe from 1993 to 2009 and father of current President Thierry Stern, passed away on 14 June 2026, in his 88th year. Considered one of the most influential business leaders […]

Breaking News: F.P. Journe Souscription Chronomètre à Résonance Achieves $13.9 Million - Becomes Fifth Most Expensive Wristwatch Ever Sold

It felt inevitable. Just over six months after an F.P. Journe narrowly missed joining a certain historic list of wristwatches dominated by Patek Philippe and Rolex with the $10.75 million sale of Francis Ford Coppola's personal FFC at Phillips New York (a record for the brand), one finally reached that rarified air. François-Paul Journe invented it. He made it. The market made it historic. The F.P. Journe Souscription Chronomètre à Résonance no. 007 is now the fifth-most expensive wristwatch ever sold and the third-most expensive watch sold not for charity. Arguably Journe's most important and emblematic model, a confluence of details made this example—which crossed the auction block on Saturday, June 13—the one to own, at least according to bidders. To the tune of almost $14 million, no less. In some ways, it seems the perfect cap to a wild shift in the market where, in less than a year, F.P. Journe has become more closely watched than other previously preferred blue-chip brands and references. And yet, the market is so hot that there were a number of remarkable results from the New York, Geneva, and Hong Kong auctions.  Not for nothing, but a Patek Philippe 5004 is now a $5 million watch, not only blowing out the previous non-charity record ($1.5 million for Michael Ovitz's platinum example, which was sold last fall), but eclipsing the 5004T for OnlyWatch (which sold for $4 million, give or take, back in 2013). And the fresh-to-market pink gold, satin-cased Pate...

A Closer Look: Patek Philippe Calatrava Chiming Alarm 5322G

In-Depth: Patek Philippe Calibre 89

In 1989, Geneva’s storied watchmaker unveiled the most complicated watch ever made – the Patek Philippe Calibre 89. The genesis of the Calibre 89 arguably started almost a century before with a watch made in Besançon, the historical heart of French watchmaking. In 1977, the Association Française des Amateurs d’Horlogerie Ancienne (AFAHA) published the first issue of its journal Horlogerie Ancienne. The watch on the cover was the Leroy 01. The caption on the inside front page read, “Montre Leroy 01, la plus compliquée du monde” – “The most complicated watch in the world”. Inside, on page 15, a short article made the case: the Leroy 01, completed in 1904 by the Parisian firm of Louis Leroy for the Portuguese collector António Augusto de Carvalho Monteiro, held a title that no other timepiece had successfully disputed. In Geneva, the claim was noted. The first issue of Horlogerie Ancienne of 1977. Image – SJX composite/AFAHA Two years later, in early June 1979, Philippe Stern was at his desk in Patek Philippe’s offices on the rue du Rhône when Max Studer, the firm’s technical director, came in for what the records describe as a routine meeting. The 150th anniversary of the manufacture was a decade away. Among the ideas being considered to celebrate the occasion was a reproduction of the Henry Graves Jr. Supercomplication, the watch Patek had built in 1932, with its twenty-four complications, that had served as the benchmark of mechanical ambition ev...

Recommended Reading: 'Ultimate Collector Watches' From Taschen Offers A Scholarly Approach To Watch Books

In two recent conversations, I repeated my frequently used adage: "I can't collect the watches, so I collect the knowledge." This was said when talking to two world-class collectors; one has one of the most complete collections of Patek Philippe split-second wristwatches, and the other has probably the most important collection of Lange, F.P. Journe, and historical watches in the world. Both of them said the same thing, which I'll paraphrase. "I didn't have the money to collect these watches until X years ago, but before that, I was learning." That's why I own a lot of books—even if I probably will never reach those heights—and I'm always looking for more. Knowledge means a lot. Watch books often fall into two categories: either overly esoteric, with a ton of information, or overly broad, without a ton of information but with a lot of nice pictures. I have a bit of each, but I find myself returning to the former most often. You can glean a lot of information from books like AP's "20th Century Complicated Watches" or Patek Philippe's two-volume museum collection tomes, but you only need them once or twice a year. My books on Rolex Day-Dates or Khanjar Daytonas are awesome, but a bit less visited after the first pass. Dr. Helmut Crott's "The Dial" is maybe the most important book on my shelf, but sometimes more information than I want to sit and mindlessly digest. Taschen's new two-volume offering, "Ultimate Collectors Watches" by Charlotte and Peter Fiell, bridges the g...

Hands On: Patek Philippe Ref. 5396R-016 Annual Calendar “Pink on Pink”

Patek Phillippe’s 2026 collection is diverse, but one of my favourites is paradoxically one of the least novel: the Annual Calendar Ref. 5396R-016 with a metallic “sand beige” dial and rose gold case. This is merely a new dial for a model that’s been in the collection for 20 years so it is not genuinely novel – though the movement has been upgraded and improved over that period – but it is appealing. The new ref. 5396R is handsome, and importantly, subtly evocative of vintage “pink on pink” watches, which pairs well with its traditional layout. Initial thoughts For anyone who likes old-school Patek Philippe design, the new ref. 5396R is likely the best looking annual calendar in Patek Philippe’s catalogue. Both the colour and style are classic with a capital “C”. Ironically, it is perhaps the least interesting because neither the design nor movement are new, but this illustrates the fact that the appeal of a watch is more than just intrinsic feature and specs. Good looks, however, come at a price. The new ref. 5396R costs CHF54,000, or about US$67,000. It’s expensive but not outrageously so compared to the competition. For example, it’s about 5% pricier than the recent Lange Saxonia Annual Calendar, which is a better watch in most tangible respects, but not quite as pretty as the Patek Philippe. The premium pricing reflects Patek Philippe’s privilege as it has both the status and history to price as it desires – which the brand deserves. But ...

The ABCs of Time - An Extensive Look at Modern Alternatives to the Lever Escapement

There’s an old saying, “if it ain’t broke, don’t fix it.” That could easily apply to the lever escapement, a design so perfected that almost all mechanical watches rely on it today after its debut in 1754. It’s reliable, accurate and easily mass produced, and watchmakers like Rolex and Patek Philippe have lever escapement movements […]

Independent Highlights at Marteau & Co.’s Summer Sale

Online-only auctioneer Marteau & Co returns for its third sale, The Heat Wave. which opens at noon Geneva time on June 10, continuing with its focus on independent watchmaking. Marteau & Co was founded just last year by a duo including industry veteran Arthur Touchot, who spent several years as a journalist followed by a stint at a prominent auction house. The Swiss auctioneer sets itself apart with its intriguing “Maker’s Fee” concept, which rewards the maker of the timepiece with 3% of the hammer price for each watch sold, allowing a brand to benefit from the appreciation of its products. While artists’ resale rights, or droit de suite, is far from a new concept, and has been codified into law in the European Union and United Kingdom, Marteau & Co’s approach is the first instance of its application in watchmaking. Lot 6 – Voutilainen Decimal Repeater Regulator piece unique Kari Voutilainen needs no introduction, but this watch does as it is, like all Voutilainen minute repeaters, a unique piece. This example left the Voutilainen workshop in 2024, cased in 38 mm of unusual 4N gold, which sits between red and yellow gold, while the hands and dial, as you’d expect from any Voutilainen watch – excellent, but with a chiming twist. During a survey of vintage repeating wristwatches you’ll realize that many only have two hands. If you compared the movement of, say, a Patek Philippe ref. 2524 with a seconds hand to one without, the reason becomes clear. The two ...

Insight: the Compliant Mechanism Inside the Patek Philippe Celestial 6105G

The standout piece from Patek Philippe at Watches & Wonders 2026 was certainly the Celestial Sunrise and Sunset Ref. 6105G-001. The astronomy-oriented watch was a decade in the making and compared to its more conservative predecessor, the ref. 6102, the new model benefits from a complete makeover, both aesthetically and mechanically.  Hidden within the 47 mm white gold case is an unusual component that didn’t get the attention it deserved at launch: a butterfly-shaped compliant cam-and-rack mechanism. The system is used for the sunrise/sunset indicators and proves Patek Philippe’s almost savant-like mastery of compliant micro-mechanics.  The Celestial ref. 6105 is pictured showing a sunrise of around 8 AM, and a sunset time of about 7 PM. Note the date ring pulls double duty as the sunrise/sunset scale. Fixing something that may be broken Although still quite rare compared to other complications, there are more sunrise/sunset watches on the market than seemingly ever before. They mostly follow the same basic construction: a cam that works with a follower. As the year progresses, the cam slowly turns, displacing the follower. In pairs, such systems are used to show both the sunrise and sunset times, which synchronously vary throughout the year.  So why fix something that doesn’t appear to be broken? Or more specifically, why use an elaborate compliant system when a basic cam and follower is a fixture in classical watchmaking? European patent EP3740821B1 granted to ...

Business News: Secondary Market Prices Climb, James Marks Jumps To Sotheby’s, Christie’s Grabs Cartier Watch Record

Summer shows no signs of slowing down - it's been a busy few weeks in the watch industry. Secondary market prices have posted gains for three consecutive quarters, the first sustained climb since 2022, suggesting the market may finally be stabilizing after the post-pandemic boom and correction. In the auction world, a veteran executive has made a high-profile move from Phillips to Sotheby's, and Christie's has just claimed the record for the most expensive Cartier wristwatch ever sold - a title that changed hands twice in the span of a few weeks. Here's a round-up of some of the latest business stories from around the industry. Secondary Market Watch Prices On A Winning Streak After years of declines, prices on the secondary watch market are stabilizing and have posted gains of more than 1% for three consecutive quarters, according to an analyst report from Morgan Stanley and WatchCharts. An index of pre-owned watch prices compiled by WatchCharts rose 1.9% in the first three months of the year from the previous quarter, led by gains from a wide swath of brands including Longines, Patek Philippe, and Zenith, the data shows.  It's the first time since 2022 that prices have climbed significantly for an extended period. The results suggest a broad recovery in secondary market values, driven by rising primary market prices, tariffs on watches entering the U.S., and increased confidence and interest in the pre-owned premium watch market.  The gains were broad-based, with 25 of...

Introducing: Dennison + Collectability Edition Oblique Collection

What We Know The revived and relaunched Dennison brand that returned in 2024 and snagged a GPHG award with its debut, the quartz-powered stone-dial ALD Collection, is back with a fresh take on the retro design-driven model. Marking its second collaboration with U.S.-based Patek Philippe vintage specialist Collectability and its founder, John Reardon, the Dennison + Collectability 2026 Edition Oblique Collection brings designer Emmanuel Gueit's interpretation of asymmetric watch design, recalling Patek timepieces, including its Ellipse models, as well as those produced with famed Swiss jeweler Gilbert Albert.  Featuring the same case as the flagship ALD collection, in stainless steel or gold PVD coating, the latest Dennison + Collectability collab reimagines the standard ALD housing with an asymmetric bezel design that thoroughly transforms the look and feel of the timepiece. It's a surprisingly effective and imaginative way to reconsider the case at the core of the brand, and it has also been used in its two-handset, quartz-powered ALD Dual Time models.  The collaboration is available in two different dial designs in either stainless steel or gold PVD. First up is the 'Oblique Enigma Dial' that features a metal cutout on the sunburst and a blue and green two-tone dial. The metal border accentuates the asymmetry of the design and contrasts with the same shape used on the bezel.  The other dial is a sector-style or starburst pattern that the brand calls its 'Oblique Vecto...

A Hands-On Introduction To The Limited-Edition Oblique Collection By Dennison And Collectability

After last year’s limited-edition ALD watches, Dennison and Collectability are back with another collaboration. Designer Emmanuel Gueit and Patek Philippe specialist John Reardon unveil four watches featuring a new asymmetric design. The Oblique Enigma features a stepped dial, just like last year’s ALD editions. The Oblique Vector features a sunburst dial enhanced by subtle printing […] Visit A Hands-On Introduction To The Limited-Edition Oblique Collection By Dennison And Collectability to read the full article.

Highlights: Patek Philippe Complications at Phillips Hong Kong

Phillips’ spring auction season goes east for The Hong Kong Watch Auction: XXII on May 30 – 31. As usual, Phillips has put together a very strong lineup, and, as is often the case at watch auctions, Patek Philippe watches — both vintage and modern — have an outsized share of the catalogue. Lot 940 – Patek Philippe Bailey Banks & Biddle Triple Complication Patek Philippe produced this watch for Philadelphian jeweler Bailey Banks & Biddle around 1895, and it bears only the retailer’s name on the dial, which was not unusual. While the company came to a rather undignified end in the 21st century, it was once a manufacturing jeweller, medalist, and major Patek Philippe retailer. The dial is in rather rough condition by the standards of enamel dials, and while the dial may the most important thing to many wristwatch collectors, here the triple-complication movement is what matters. It features a minute repeater, chronograph, and perpetual calendar — which is presumably instantaneous. Note the lack of a minutes counter for the chronograph. While taken for granted on modern chronographs, most Patek Philippe triple complications did without it. In fact, the most common upgrade path for triple complications was a rattrapante, not minutes counter. The counterweighted pallet fork is also worth mention — this refinement disappeared as the Swiss lever matured and watchmakers realised a lighter pallet fork was better than a balanced one. The movement is fully functional, ...

Highlights: Striking Complications from Patek Philippe and Audemars Piguet at Christie’s Hong Kong

Two leading practitioners of fine watchmaking, Patek Philippe and Audemars Piguet face off at Christie’s upcoming Hong Kong auction, Important Watches: Featuring “Kronos: Titans of Time”, “The Eternity” and “The Chronicle” Collections. The catalogue features blue chip high complications such as the Sky Moon Tourbillon, as well as under-appreciated neo-vintage discoveries, and the most striking of this selection doesn’t even chime. Lot 2424 – Patek Philippe Sky Moon Tourbillon Ref. 5002P-001 While Patek Philippe’s Sky Moon Tourbillon started as a supporting act to the Star Caliber 2000, miniaturising the latter’s planisphere with moon passage and phases, its mindshare has far surpassed its larger sibling. It was Patek Philippe’s most complicated wristwatch when first launched, and the super-watch of the 2000s. Collectors entering the watch world during that time speak of it with the same nostalgia and reverence 2000s kids give to the Bugatti Veyron. The design was rather contemporary for early 2000s Patek Philippe, and looks nothing like its successor, the baroque ref. 6002. At 42 mm in diameter, it was also notably large — the ref. 5016 with which shares most of its movement, was only 36 mm in diameter. It was forward thinking in another way, selling an extremely expensive, astronomical complication as an off-the-rack product, continuing Philippe Stern’s “build it and they will come” attitude that began with the Calibre 89. Patek Philippe’...

Video: Patek Philippe CEO Thierry Stern Sits Down With Ben Clymer To Discuss The 2026 Novelties

Thierry Stern sat down with Ben Clymer at Watches & Wonders 2026 to walk through Patek Philippe's novelties, and his passion for the product comes through immediately. Nowhere is that more evident than with the Nautilus's 50th anniversary pieces. Compared to the 40th, this is an exercise in restraint. "My idea is to do the counter-steps," Stern said. The three limited-edition anniversary Nautiluses are stripped to hours and minutes only—no date, no seconds—perhaps the most compelling of which is a 38mm platinum case recalling the medium-size Nautilus models of the 1980s, powered by the 2.53mm Calibre 240, its micro-rotor engraved with "50 1976–2026". The wildcard—a personal highlight for Ben—was something genuinely unexpected: Patek's first-ever Nautilus desk clock, the ref. 958G, limited to just 100 pieces. Its white gold case translates the porthole-inspired Nautilus design to 50.65mm, with a hinged caseback that doubles as a stand. Technically a pocket watch, yet perhaps it's better suited to the table. Mr. Stern gives us a peek behind the curtain on how it came to be—and the story behind it is one you'll definitely want to hear. Thierry also walked Ben through the 5840P—the Cubitus's first grand complication, a skeletonized perpetual calendar he'd conceived early in the collection's development but deliberately held back, wanting the design language to land before the mechanics got complicated. The vintage Patek market is certainly booming, with the ref. ...