The world of haute horlogerie is one of exquisite craftsmanship, unparalleled precision, and breathtaking prices. Patek Philippe, a name synonymous with luxury and legacy, sits firmly at the apex of this world. Determining the precise price of a specific Patek Philippe, especially a complicated model like the reference 39701W, requires a nuanced understanding of several factors beyond a simple list price. This article delves into the complexities of pricing for Patek Philippe Complications, focusing on the elusive 39701W and exploring the broader landscape of the brand's highly sought-after complicated watches.
Understanding Patek Philippe Complications
Before we delve into the specifics of the 39701W, it's crucial to understand the broader category of "Patek Philippe Complications." This isn't simply a marketing term; it signifies a watch equipped with functions beyond the basic telling of time – hours, minutes, and seconds. These added functionalities, often referred to as complications, can range from relatively simple additions like a date window or a moon phase display to incredibly intricate mechanisms showcasing astronomical calculations, perpetual calendars, or minute repeaters. The complexity of the complication directly influences the price, with simpler complications commanding lower prices and highly intricate mechanisms driving values into the stratosphere.
The provided information suggests a starting price of roughly $23,000 USD for a Patek Philippe Complications watch with a GMT function. This represents a relatively entry-level point for the brand's complicated pieces. The price then escalates significantly, reaching approximately $59,000 USD for a model with a 38mm case size, hinting at the influence of case size and included complications on the overall cost. However, these figures represent only a small segment of the brand's offerings. The true price range extends far beyond these figures, reaching into millions of dollars for highly exclusive and historically significant pieces.
The Elusive Patek Philippe Complication ref 39701W Geneve No' 07
The specific mention of the "Patek Philippe Complication ref 39701W Geneve No' 07" and its purported price of $24,000,000 requires careful consideration. While the reference number suggests a specific model within the Patek Philippe collection, the quoted price is exceptionally high and warrants further investigation. This price point is typically reserved for extremely rare, historically significant, or uniquely customized pieces. The inclusion of "Geneve No' 07" suggests a specific serial number, potentially indicating a unique provenance or special edition.
It's crucial to understand that the price of a Patek Philippe, particularly a rare and complicated model like the 39701W, is not solely determined by the manufacturer's suggested retail price (MSRP). Several factors significantly impact the final sale price:
* Rarity: Limited production runs, discontinued models, and unique features drastically increase value. The 39701W, being a specific reference number, may have a limited production run, making it inherently more valuable.
* Condition: The condition of the watch is paramount. A pristine, unworn example will command a significantly higher price than a watch showing signs of wear and tear. Authenticity and provenance are also crucial considerations.
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