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Where To Buy Patek Philippe The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

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Where To Buy Patek Philippe The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

Since 1839 without interruption, Patek Philippe has been perpetuating the tradition of Genevan watchmaking. As the last family-owned independent watch manufacturer in Geneva, Patek Philippe enjoys total creative freedom to entirely design, produce and assemble what experts agree to be the finest timepieces in the world. World-leading luxury horologists Patek Philippe represent some of the finest Swiss watchmaking ever known. The prestigious watch manufacturer has become a byword and symbol of haute horlogerie, revered and admired by discerning and knowledgeable watch collectors. If you are considering buying a Patek Philippe watch, you will definitely want to know the cheapest country to buy Patek Philippe. Which is the cheapest country to buy Patek Philippe 2024? What's cheapest place to buy Patek Philippe in europe? Which is the best place to buy Patek Philippe in USA? Can you buy Patek Philippe tax-free? Can you get a discount on a Patek Philippe? Do pre-owned Patek Philippe watches hold their value? In this guide, I will tell you answers, and recommend you some best and cheapest place to buy new and second-hand Patek Philippe watches online!

Cover Photo:thewatchbox.com

The Original Cost Of Patek Philippe Watch

When it comes to the price of Patek Philippe watches, they can vary tremendously. A basic time only Twenty-4 – depending on the model, condition and contents of the watch – can be had for less than $16,000. However, there are also some extremely complicated wrist watches Patek Philippe makes that can cost in excess of $5 million.

Patek still holds the record for the most expensive watch ever sold – the Patek Philippe Grandmaster Chime 6300A-010 which sold for a staggering $31.19 million at the Only Watch auction in 2019.

2024 Patek Philippe Pricing For All Models

Patek Philippe prices have been rising steadily for some time, and this year was no exception. Below we have listed price range references for the Patek Philippe collections.

Models	MSRP
The Grand Complocations Collection	$97,580 - $354,840
The Complocations Collection	$38,400 - $174,460
The Calatrava Collection	$31,940 - $105,270
The Gondolo Collection	$36,080 - $224,730
The Golden Ellipse Collection	$36,670 - $76,880
The Nautilus Collection	$31,940 - $151,400
The Aquanaut Collection	$21,880 - $224,730
The Twenty-4 Collection	$15,970 - $50,860
The Pocket Watches Collection	$43,760 - $57,370

Can You Get A Discount On A Patek Philippe?

Patek Philippe watches rarely have discounts, but you can try asking an authorized dealer if there will be a discount price. It's best if you can get a Patek Philippe watch at a good discount below the MSRP.

Why Do Some Patek Philippe Watches Cost More Pre-owned Than New At MSRP?

The reason why used Patek Philippe costs more than new Patek Philippe is simply because of supply and demand. Each year, Patek Philippe is estimated to produce around 60,000 watches, not enough to satisfy demand. Therefore buyers are willing to pay a premium to get the Patek Philippe they want, even if it costs more.

How Much Is The Cheapest Patek Philippe?

Even the least expensive Patek Philippe watches are not as cheap as what many brands offer for their top pieces. The most affordable Patek watches are priced between 15 thousand dollars at retail. Patek Philippe's line of women's watches is one of the more affordable options. Patek Philippe Twenty-4 watches start at around $15,000. Followed by the Patek Aquanaut，which have a starting price of around $21,000.

Cover Photo:patek.com

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The Cheapest Countries & Ways To Buy A Patek Philippe in 2024

1. The Cheapest Countries To Buy A Patek Philippe

If you are looking for a cheap yet authentic Patek Philippe, you might consider traveling abroad to buy it. Because prices fluctuate depending on the country you're in and the currency value at the time.

Country & Region	General VAT Rates
United States	0%-9.55%（Sales Tax - different states vary）
United Kingdom	20%
Switzerland	7.7%
France	Turnover tax: 20%
Italy	22%
China	13, 9, or 6% depending on the types of goods and services
Denmark	25%
Sweden	25%
Norway	25% (Note, Norway is not in the EU, but you can still purchase tax-free if you are residing outside the EU).
Finland	24%
Japan	Consumption tax: 10%
Canada	Combined federal and provincial/territorial sales taxes range from 5% to 15%.
Australia	Goods and services tax: 10%
Brazil	Standard state-level VAT or ICMS varies from 17% to 25% depending on the state and the type of goods and services
South Africa	15%
Singapore	Goods and services tax: 7%
HK	There is no VAT or sales tax in Hong Kong.

Vat Tax Refund: It is a tax on consumption rather than income, and it ranges from 5-25%. If you pay this tax when shopping abroad, you can often get your money back after you've returned home, since travelers are typically entitled to a refund for the VAT portion of prices for goods.

Can you buy Patek Philippe tax-free?

1) The US does not utilize a VAT tax system, but most European countries do. Taxes can greatly affect Patek Philippe prices to that list. For example, value-added tax (VAT) adds tax at every point at which an item such as a Patek Philippe gains value (i.e., the raw materials are acquired, where it's made, where it's sold, etc.)

2) On the other hand, the combination of being able to buy tax-free and get VAT refunds is a huge factor in making Patek Philippe watches cheaper in certain European countries. However, not everyone can claim VAT refunds; notably, from the start of 2021 onward, post-Brexit, the VAT Retail Export Scheme, which provided these refunds, has ended in the UK. This may make it much more expensive for UK buyers to buy Patek Philippe watches (and other luxury products) in the EU.

3) Buying tax-free is like getting a discount only you won't have to negotiate the price. The best place to buy Patek Philippe watches tax-free is in Europe. This is because of the high VAT (Value Added Tax) that the EU has. But in many cases, you won't get the full tax back since services like Global blue charges a fee.

When you buy tax-free, you will get either the full VAT back (or less the fee), depending on which tax-free system the authorized Patek Philippe retailer uses.

4) Other key factors for finding Patek Philippe watches at cheaper prices include:

Currency exchange rates;
Import taxes in your country for foreign goods, which may wipe out some savings, such as VAT.

Best place to buy Patek Philippe in USA:

When shopping in the United States, the listed price of the merchant does not include sales tax (Sales Tax), which will only be calculated at the time of Checkout. Different states in the United States have different laws, and each state has a different sales tax. There are five states with no state sales tax at all: Alaska, Delaware, Montana, New Hampshire and Oregon.You can visit those states and check if the official store has the model you desire.

Cover Photo:patek.com

2. The Cheapest Ways To Buy A Patek Philippe

1) Buying A Pre-owned Patek Philippe

The secondhand, or “used” trade is a fantastic area to find high-quality timepieces at relatively low rates. Used watches that appear to be fresh can be found at the upper end of the watch market.

2) Buying From Airport Duty-free

Duty-free shopping at airports is one way to get around the system. You will have to pay lower taxes and your watch will be less expensive if you purchase your Patek Philippe Duty-Free. Many international airports now feature official Patek Philippe stores, and some have authorised sellers dealing in all manner of luxury watches and jewellery.

When working with an airport authorized dealer or boutique, generally target a discount of 30-35 percent. Unless it's a Patek Philippe. Then be happy with a 20 percent discount or less.

3) Buying Through Discount Offers

Discounts on luxury timepieces are common, but they are usually minimal. You can get a roughly 2% to 5% discount if you purchase a high-end watch in Europe. And discount might differ from country to country which is set by the company.

However, you can only avail the discount offers if you are lucky enough. Because Patek Philippe sets the suggested retail price, and only then certified dealers can set their pricing around 10% above or below, but not much more.

Is Patek Philippe A Good Investment?

A Patek Philippe watch is an excellent investment thanks to its ability to hold and increase in value over time. And it's no surprise why – the craftsmanship that goes into each watch is of the highest quality, making Patek Philippe watches some of the most sought after and collectible watches on the market today. Many Patek Philippe watches – namely their entry level and more complicated wrist watches – share a similar fate in that they will sell over MSRP when they are initially released and will end up settling down and trading below MSRP until they are discontinued and will experience a steady and consistent increase in price over time and consistent return on investment. So, to analyze these watches would really be unnecessary as the way to win out in the long run is to buy them at good discounts below MSRP and let time do the rest of the work.

Do Patek Philippe Watches Hold Their Value?

Patek Philippe is known for its unmatched craftsmanship. Skilled artisans take great care in designing and assembling each watch, made up of around 252 pieces. This attention to detail ensures that Patek Philippe timepieces hold their value over the years and often even increase in worth.

What Is The Most Expensive Patek Philippe Watch?

The most expensive Patek watch ever sold is a Grandmaster Chime 6300A-010, made especially for the Only Watch Charity Auction in Geneva in 2019. It sold for a staggering $31.19 million USD. Made from steel, it features 20 different complications, including an alarm, earning it the status of the most complex Patek Philippe wristwatch ever created.

Cover Photo:patek.com

Best Place To Buy Patek Philippe Watches Online

If you’re not going to Europe or other countries any time soon, then you can check out these online sites to buy new & used Patek Philippe watches. And there are deals, as these retailers occasionally have promo codes where Patek Philippe watches is included.

1. Watches of Switzerland

Watches of Switzerland was founded in Ludgate Hill in 1924. It is a British retailer of Swiss watches, with 16 stores in the United Kingdom. The company headquarters is in Braunstone, England. Some of their clients have been with them for over 50 years – they like to think of them as‘friends of the business’.

There are 7 Watches of Switzerland showrooms in the United States. Watches of Switzerland offers a comprehensive range of Patek Philippe watches. Featuring mesmerizing movements, noble materials and luxurious finishing, their collection includes Calatrava and Complications models. Explore Patek Philippe's diverse range of exceptional timepieces, all available to purchase at online and at US showroom locations.

Source:watchesofswitzerland.com

Patek Philippe Prices: $15,968-$140,753

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2. WatchMaxx.com

WatchMaxx is a family owned business with over 20 years of experience selling fine watches, and have been selling investment-quality timepieces online since 2004. Today, WatchMaxx.com is among the leading online retailers of luxury watches.

As independent dealers, their industry connections allow them to buy the most desired brands at the best prices, and provide exceptional value to their customers. At WatchMaxx.com you can shop with confidence and be certain you are getting what you expect. They always guarantee the following for every item they offer:

100% genuine and authentic watches and accessories.
In the original manufacturer’s packaging.
Warranty protection.
Original unaltered manufacturer’s serial number.
Generous return and exchange policies.

Source:watchmaxx.com

Patek Philippe Prices: $17,096-$260,426

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3. JomaShop

Jomashop is a leading fashion retailer in watches, handbags, and sunglasses. They also sell jewelry, crystal, fine writing instruments, apparel, and shoes. Their customer service specialists are always ready to assist, and their state of the art New York City fulfillment center is always capable of swiftly delivering products to over 150 countries. You can buy new and pre-own Patek Philippe watches there. Jomashop offers an extensive selection of the iconic label’s most beloved watches.

Source:jomashop.com

Patek Philippe Prices: $5,682-$7,600,000

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-Up to 80% off select Breitling watches.

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4. WatchBox

Fueled by technology, innovation, and unmatched global experience in the high-end watch market, WatchBox is the world’s leading platform for buying, selling, and trading pre-owned luxury watches. With offices in the United States, Hong Kong, Switzerland, Singapore, Dubai, and plans to expand beyond, they are the trusted destination for watch enthusiasts worldwide.

Every one of their pre-owned watches are evaluated, authenticated, and brought to manufacturer operating standards without compromising value or provenance. Plus, each pre-owned watch they sell is backed by a 2-year WatchBox Global Warranty with additional coverage options available. There are a large selection of certified pre-owned Patek Philippe watches for everyone to choose from.

Source:thewatchbox.com

Patek Philippe Prices: $7,950-$379,950

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5. SwissWatchExpo

SwissWatchExpo is the leading online retailer of authentic, pre-owned luxury watches. Established in 2009, and headquartered in Atlanta, they are a family owned business serving a global clientele. They proudly offer a curated selection of watches from top brands such as Patek Philippe, Panerai, Rolex, Cartier, Omega, Breitling and Patek Phillipe.

Source:swisswatchexpo.com

Patek Philippe Prices: $8,990-$103,990

-Up to 60% off sale;

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6. Tourneau

Tourneau has over a century of expertise as the preeminent purveyor of fine watches, striving to deliver a first class customer experience. As the largest authorized watch retailer in the United States, Tourneau has stores nationwide and welcomes 4 million plus visitors annually. Their unmatched selection of over 8,000 styles from nearly 100 brands, offering of the largest certified pre-owned watch collection, stellar watchmaking craft, and expert service & repairs have earned their reputation as the Watch Authority. Click here to purchase Patek Philippe watches.

Source:tourneau.com

Patek Philippe Prices: $15,968-$93,441

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7. FARFETCH

FARFETCH Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, FARFETCH began as an e-commerce marketplace for luxury boutiques around the world. Today the FARFETCH marketplace connects customers in over 190 countries with items from more than 50 countries and nearly 1,300 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. FARFETCH offers large number of pre-owned Patek Philippe watches. Pre-owned watches include the Ellipse, Aquanaut and Calatrava.

Source:farfetch.com

Patek Philippe Prices: $5,700 - $229,950

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8. Chrono24

Chrono24 is the leading online marketplace for luxury watches. Since opening our doors in 2003, they've been working to connect sellers and watch enthusiasts across international borders. Their users have access to the world's largest selection of luxury watches. Today, they are active in over 90 countries, available in 22 languages, and receive 220,000 visits per day. Discover 500,000 luxury watches from Patek Philippe, Rolex, Omega, Longines, TAG Heuer, and many other brands – and browse exclusive offers and unique collector's items from over 20,000 verified dealers and private sellers.

At Chrono24, their dealers are their partners. They know the value of personal connections, which is why their account managers organize events for dealers in major cities around the world. You're also welcome to visit them at their offices in Karlsruhe, Hong Kong, and New York. If you have any problems, your personal contact is always there to help.

Note that Chrono24 has many private sellers, remember to check the authenticity of the watch.

Source:chrono24.com

Patek Philippe Prices: $3,021-$9,000,000

9. eBay

eBay is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. At eBay, they create pathways to connect millions of sellers and buyers in more than 190 markets around the world. eBay is also a great place to buy used Panerai watches.