We’ve spoken before about Patek Philippe and how they are world renowned for making some of the finest and most complicated timepieces. If you’ve read our earlier post on Vacheron Constantin, then you’ll know that Patek Philippe is one of the three watch brands that are considered the “Holy Trinity” of Haute Horlogerie. The manufacturer was founded on the 1st of May 1839, by Antoine Norbert de Patek and an ambitious watchmaker, Francois Czapek. This day in history would lay the foundation for the legendary watch brand and would mark the beginning of Patek’s dream to start his own watch factory, Patek, Czapek & Co., which of course would later become Patek, Philippe & Cie.
We’ve made car and watch comparisons before and this article is no different. Ferrari has long been a household name and many of us (myself included) had images of our favourite Ferrari model (the Ferreri Rosso Corsa, of course) adorning our bedroom walls as adolescents. Founded in 1929 by Enzo Ferrari, Scuderia Ferrari, in contrast to Patek, was initially set up to prepare and field racing cars for drivers. But as the history books will show, Ferrari created a worldwide brand that was adored by many.
Ferrari is well known for their racing pedigree. Whether in Formula 1 or Le Mans, they’ve always remained one of the car brands to beat, and the same goes for Patek. Patek has always led from the front (excuse the pun) and has created some of the finest, and most expensive, timepieces the world has ever seen. Patek Philippe and Ferrari are one and the same when it comes to luxury, and they’ve always pulled out all the stops to ensure not only a top-quality product, but also longevity.
Today, both Ferrari and Patek Philippe continue to produce cars and wristwatches that are second to none, and in relatively large quantities. Just a couple of years ago, both brands introduced products that made most grown mens’ hearts and eyes fill with delight: the LaFerrari and Grandmaster Chime. These modern luxury products could be compared with other exclusive brands, but there is one area in which these two brands really stand out: their vintage products.
Rare Historic Examples
Vintage Pateks are well sought after and you could even say that they have defined the vintage watch collection market. Their excessively high auction hammer prices are indeed eye-watering and of course require a very keen collector with pockets as deep as the Mariana Trench. The same could also be said for Ferrari: Recent auction results for both brands have reached quite dizzying heights. This is due to collectors yearning for a slice of yesteryear’s great designs from these two monster brands.
But what you have to remember is that during the early years, the luxurious and somewhat innovative cars and timepieces produced by both Ferrari and Patek weren’t made for the masses, but for the elite. Thus, these often unattainable items were made in very small numbers. If you factor that and today’s current climate of wealth together, you pretty much have the perfect storm for a world record whenever any rare vintage products from these two brands become available.
Putting auction results aside, there is no doubt that these two worldwide well-known brands have defined and instilled the meaning of luxurious in their respective fields. And the legacy they’ve created is the reason they are both still so revered today. Of course, there are other comparisons you could throw into the mix, such as Greubel Forsey, Philippe Dufour, Pagani, and perhaps Koenigsegg, but in my opinion, Ferrari and Patek have historical pedigree and have withstood the test of time, and I am certain they will continue to do so.