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How to make a £1.6m watch... Patek Philippe Grandmaster...


Tony
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20 complications:

Grande Sonnerie
Petite Sonnerie
Minute repeater
Strikework mode display (Silence/Grand Sonnerie/Petite Sonnerie)
Alarm with time strike
Date repeater
Movement power-reserve indicator
Strikework power-reserve indicator
Strikework isolator display
Second time zone
Second time zone day/night indicator
Instantaneous perpetual calendar
Day-of-week display
Month display
Date display (on both dials)
Leap year cycle
Four-digit year display
24-hour and minute subdial
Moon phase
Crown position indicator

 

https://www.youtube.com/watch?v=yIXPplShtg0

 

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Interesting. How do you judge the value of a watch, as opposed to a piece of jewellery?

 

I think performance has to be at least a major part of the value of a watch and it is notable that the video makes no comment about the time-keeping performance of the device. I suspect that there are many watches, costing only a fraction of this particular Patek, that will outperform it in the time-keeping department.

 

As a piece of jewellery, its value is essentially what someone will pay for. It gets into a similar category as things such as top end sporting guns etc where people with lots of money are prepared to spend huge sums on object made deliberately to be expensive so that they can enjoy the exclusivity that results.

 

Firms like Patek enjoy a market in which it pays to make a few very expensive items rather than a lot of cheaper items. But there is a long list of companies that have failed in such markets and it a very narrow tightrope to walk.

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