Patek Philippe Collecting: Vintage vs. New
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Patek Philippe Collecting: Vintage vs. New

By winvade · Mar 17, 2012 · 45 replies
winvade
WPS member · Patek Philippe forum
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Winvade, a seasoned Patek Philippe collector, shares his journey from acquiring modern pieces directly from Authorized Dealers to exploring the allure of vintage references. His post highlights a common crossroads for many collectors: whether to continue with contemporary releases or delve into the rich history and unique character of vintage Patek Philippe watches. He seeks community advice on navigating this fascinating dilemma.

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I received my 1st patek from my dad almost 20 years ago, and it is 3800 and still keeps good time.

10 years later, I did manage to acquire my 1st patek chrono piece and it is this one

 

I have continued to add more pieces, and all of them are new pieces from ADs.



However, it was only these 2 years that my good friend opens my eyes for another way of collection and introduced me to some good friends in this great community.  So I managed to add this one which is now more than 20 years old:


and this one which is more than 50 years old now.


Now I have a dilemma, which way I should focus more: continue with new issued patek or go back to the past and find holy grail pieces, such as 1518 or 2499?  With new patek pricing, seem that vintage pieces in someone's view are at bargain; still these vintage pieces, prices already increase so much.  Anyway, would appreciate all advice smile 

About the Patek Philippe Grand Complications Ref. 1518

The Patek Philippe Reference 1518 holds a significant place in horological history as the world's first perpetual calendar chronograph produced in a series. Introduced in 1941, it established a foundational complication for the brand, preceding other notable perpetual calendar chronographs such as the 2499 and 3970. This reference is recognized for its pioneering role in combining these two complex mechanisms in a wristwatch.

This reference was primarily offered in yellow gold, with a limited number produced in rose gold and an even smaller quantity in stainless steel. The case typically measures 35mm in diameter, housing the manual-winding caliber 13''' Q. The movement features a column-wheel chronograph mechanism integrated with the perpetual calendar complication. The dial often presents with applied Arabic numerals or bâton indexes, and a tachymeter scale on the outer periphery.

For collectors, the 1518 represents a landmark Patek Philippe reference, highly sought after for its historical importance and rarity, particularly examples in alternative metals. Its design language and technical sophistication set a precedent for subsequent perpetual calendar chronograph models, making it a cornerstone for understanding the evolution of this complication within the brand's catalog.

Specifications

Caliber
13''' Q
Case
18k yellow gold
Diameter
35mm
Dial
Silver
Water Resist.
30m
Crystal
Hesalite

Key Points from the Discussion

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The Discussion
AM
amanico
Mar 17, 2012
Collect what you love.

Not what you think to be a bargain. Today's bargains may well be tomorrow's nightmares and vice versa. Now, I can feel you're in trouble. It is pretty rare to love both vintage and moderns, but I can understand you very well, as I don't care the watch being modern or vintage. Which does matter to me is that the watch is fine. Best of luck. Nicolas

WI
winvade
Mar 17, 2012
Thanks, Nicolas :) [nt]

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DR
dr.kol
Mar 17, 2012
Fantastic pieces!

Thank you for sending those pictures, I really enjoyed those. I just came from Patek's Geneva Salons yesterday. They are making a full renovation to a 62 years old relatively rare vintage piece and in 24 weeks I will see the results. The show is costing a bit, in fact €€€€.$$. However, the end result will be much cheaper than a corresponding new Patek - but that's not the only issue. The vintage piece will have much more charisma and technically it will be like new. But to answer your question:

WI
winvade
Mar 17, 2012
thanks, kari. you did respond :) [nt]

No message body

SE
serali
Mar 17, 2012
wanna advice from the predessor too [nt]

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NO
Nomer
Mar 17, 2012
Some thoughts

Hello Winvade, I think the advice of buying what you like is very good - here are some thoughts on getting there: 1. The vintage market is more treacherous than the AD/new watch market, simply because you will not have the security of knowing the full history of the watch you're buying, nor be able to discern (without some experience) the nuanced differences between the same model offered for sale in different conditions. A good example of the latter is the quintessential 2526 which, although no

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