It all began in 1838 with the founding of "Patek, Czapek & Cie" in Geneva by entrepreneur Antoni Norbert de Patek, an immigrant from Poland, and watchmaker François Czapek, an immigrant from Czekia.
In 1844 Antoni Patek, founder of the Maison, met the French watchmaker Jean-Adrien Philippe in Paris, where the latter presented his futuristic and convenient system of setting the time and winding the watch via the crown, which would replace the use of a separate key.
In 1845 François Czapek decided to leave the company to continue on his own, and the company name was changed to "Patek & Cie".
The first pocket watch for ladies is produced: the timepiece is decorated with a miniature rose. The company manufactures its first minute repeater pocket watch, and a patent is granted for the Patek watch with a winding mechanism and setting the time by means of the crown.
In 1851 Jean-Adrien Philippe officially joins the company, which changes its name to "Patek Philippe & Cie."
At the Great Exhibition in London, Queen Victoria is among the admirers of the world's first keyless timepiece, the first example of which was patented by Jean-Adrien Philippe in 1845. The Queen of Great Britain and Ireland invests in a powder blue enamel pocket watch with rose-cut diamond floral decoration.
The pendant watch with exposed dial and brooch apparently belonged to Queen Victoria.
Patek Philippe is among the first watchmakers to export to the United States and forges a still thriving partnership with Tiffany & Co. New York City.
In 1881 it is awarded the patent for the precision regulator system, and in 1889 it Patek Philippe & Co. was awarded a patent for the perpetual calendar mechanism for pocket watches.
In 1932 La "Ancienne Manufacture d'Horlogerie Patek Philippe & Cie, S.A." was purchased by brothers Charles and Jean Stern, who already owned a dial manufacturing company in Geneva. Since then, "Patek Philippe S.A." has remained a family-owned business.
It is precisely with this style of management, "family-owned," that the parent company continues to strive to guarantee buyers an extremely reliable product with a restrained production that can be revalued over the years.
A Patek Philippe is forever, and we stand to be its custodians and pass it on to our posterity.
Today we want to elaborate on an extremely beautiful and complicated watch, the Patek Philippe 5004.
In 1995 we have the launch of Ref. 5004 with caliber 27-70. The basic Lémania movement with split-seconds chronograph and perpetual calendar CHR 27-70 Q is introduced in Ref. 5004, which remains in the collection for 16 years, until 2011.
A Patek Philippe a Swiss patent is issued for the rattrapante chronograph isolation mechanism.
The simple shapes, just the right size, the extreme complications gathered in such a small space so well divided, make this splendid object an engineering workshop, a work of art.
So many people set out to seek it out: some do it for investment, some for the pleasure of having it, or both. It manages to please everyone and, with some difficulty in availability, continue to give us all this.
We enclose a photo of a Patek Philippe 5004 G and a graph showing the value trend over the years.
We at Bonanno Jewelry have a large collection of Vintage watches.