How Much Is a Patek Philippe? Price Guide by Collection

A Patek Philippe costs from about US$20,000 for a steel Twenty~4 or a 35 mm gold Calatrava to well over US$500,000 for a diamond-set Nautilus or a grand complication, and where a reference sits in that range depends on the collection, the metal and whether the secondary market has attached a premium. On 21 September 2026 our sourced catalogue listed Calatravas from US$21,948, Twenty~4 models from US$15,787, Complications from US$38,596, Aquanauts from US$76,890, Nautilus references from US$46,499 and steel Nautilus 5711 examples at US$152,440. This guide sets out what each Patek collection costs with dated catalogue asks, where the secondary market prices above and below list, and what to check before buying. Bizak & Co. sources every Patek Philippe to order; the Patek Philippe collection lists the configurations we can seek.

Last reviewed on September 21, 2026 by Filip Biczak. Prices are dated observations, not quotes.

How much is a Patek Philippe? Prices by collection in 2026

Sources: the Patek Philippe collection page for current references, and the Patek Philippe Seal for the finishing and accuracy standard that applies across every collection. Catalogue asks are what our sourced catalogue listed on 21 September 2026, all sourced to order, and will move. Our Patek Philippe price guide explains how to compare quotes.

What does a Patek Philippe Calatrava cost?

The Calatrava is Patek's round dress watch and its entry point in gold. On 21 September 2026 our catalogue listed the 35 mm 5120J at US$21,948, the 37 mm 5196J at US$24,810 and 5196R at US$25,288, the 38 mm 5296R at US$28,325 to 28,581, the 38 mm 5153 in yellow, rose or white gold at US$30,039 to 33,925, the 39 mm 5227 at US$33,217 to 46,041, the 39 mm 6119G with the hobnail bezel at US$33,681, the 40 mm 6007G at US$31,752 to 43,068, and the 40 mm steel 5212A weekly calendar at US$39,037. Most Calatravas are available at or near their list price and several trade below it, which makes the line the value route into a Patek with a hand-wound or automatic in-house movement. The 5196, the direct descendant of the 1932 reference 96, is the classic choice; the 6119 is the current small-seconds Calatrava with the calibre 30-255 PS.

What does a Patek Philippe Complication cost?

• Annual calendar. The 39 mm 5146 at US$38,596 to 44,000, the 38.5 mm 5396 at US$44,289 to 66,402 and the 40 mm 5205 at US$50,984 to 59,739 on 21 September 2026. Patek invented the annual calendar in 1996 and these are its core expression; the 5146 and 5396 trade at or below list.
• World Time. The 38.5 mm 5230 in white, rose gold or platinum at US$43,772 to 75,329. Pre-owned examples were listed at US$69,749 to 72,539.
• Chronograph. The 41 mm 5172G at US$70,710 to 74,160, the current manually wound chronograph with the calibre CH 29-535 PS.
• Travel Time. The 42 mm 5524G pilot-style at US$47,895 to 61,187.
• Perpetual calendar. The 40 mm 5320G at US$64,890 to 80,330, the entry point to the Grand Complications line.

Complications hold their value well but rarely carry a premium; a buyer can usually choose between waiting for a retail allocation and paying about the same on the secondary market for immediate delivery.

What does a Patek Philippe Aquanaut cost?

The Aquanaut is Patek's second sports line and the one where a steel reference is still in production. On 21 September 2026 our catalogue listed the steel 5167A at US$86,519, the rose gold 5167R at US$89,500 to 113,699, the steel 5164A Travel Time at US$100,940, the white gold 5164G at US$177,109, the steel 5968A chronograph at US$94,050, the white gold 5968G at US$133,900 to 141,100 and the rose gold 5968R at US$162,611. The women's 5267/200A in steel was listed at US$76,890 to 104,463. Steel Aquanauts trade at roughly two to three times list; gold references sit much closer. Our Aquanaut 5167 guide covers the core reference in detail.

What does a Patek Philippe Nautilus cost?

The Nautilus is the most expensive Patek line relative to list. On 21 September 2026 our catalogue listed the discontinued steel 5711/1A-010 at US$152,440, the white gold 5811/1G at US$212,175, the steel 5712/1A moonphase at US$89,100 to 105,089, the steel 5726/1A annual calendar at US$154,495, the steel 5990/1A Travel Time chronograph at US$124,063 to 164,799, the rose gold 5980/1R chronograph at US$236,900, the 35.2 mm steel 7118/1A at US$80,131 to 100,425 and the 32 mm quartz 7010 from US$46,499. Diamond-set and rare-dial references run from about US$300,000 to several million. Our Nautilus price guide by reference lists every model.

What does a Patek Philippe Twenty~4 cost?

The Twenty~4 is Patek's women's line and the cheapest way into the brand. The 25 mm quartz 4910/1200A in steel was listed at US$20,291 to 23,668 on 21 September 2026 and a diamond-set 4910/10A at US$15,787; the 36 mm automatic 7300/1200A in steel at US$26,779 to 29,819; and the 7300 in rose gold at US$49,787 to 59,361. The steel models trade at or below list and are the usual first Patek purchase.

Why do some Patek Philippe watches cost more than list?

Patek makes roughly 70,000 watches a year across every line and allocates them through authorised retailers to established clients. The premium on the secondary market appears where demand exceeds that allocation, which in 2026 means steel sports watches: the Nautilus, the Aquanaut and, at the top, discontinued references such as the 5711/1A. Gold dress watches and complications are made in larger numbers relative to demand and can usually be bought at or near list from a retailer with some patience, so the secondary market prices them at or below list. The rule of thumb is that a Patek in steel with an integrated bracelet or rubber strap carries a premium and a Patek in gold on leather does not. Patek raises list prices most years, which pulls the price of discontinued references up with it.

Is a Patek Philippe a good investment?

Steel sports references bought at retail before 2021 have been exceptional, and that is why they cannot be repeated: they are discontinued or allocated to long-standing clients. Bought on the secondary market, the Nautilus and Aquanaut have held value since 2023 but have not risen. Calatravas, Complications and the Twenty~4 hold value in the sense that they depreciate slowly and are always saleable, and some discontinued references have risen over decades, but they are watches to wear rather than to trade. Buy the reference you want at a price you would be content to hold, and ask for a written cash-buy assessment before you commit if resale matters. Our sell or trade page explains how we value a Patek.

Buying a Patek Philippe: what to check

• Certificate of Origin. Patek issues a Certificate of Origin naming the reference, movement number and case number; all three should match the watch, and Patek does not reissue it.
• Extract from the Archives. For a watch without its certificate, Patek's Extract from the Archives confirms the numbers, calibre and date of sale from the factory record; check the current conditions of the service on Patek's page.
• Patek Philippe Seal. Movements made since 2009 carry the Seal and should run within minus 3 to plus 2 seconds a day; ask for a timing result.
• Case and finishing. Sharp edges on lugs and bezel, even brushing on Nautilus and Aquanaut cases and bracelets, and hallmarks on gold cases. Rounded edges mean polishing.
• Dial. Correct text and printing for the reference; on sports models an even embossed pattern; on Calatravas no spotting or lifting on the lacquer.
• Service. A Patek more than eight years old will usually need a service, and Patek service takes months; ask for the record or budget for it.
• Price against the band. A full-set steel Nautilus or Aquanaut offered well under the market is the single most reliable warning sign.

Our authentication process describes what we inspect before dispatch.

Quick answers

How much does a Patek Philippe cost?

From about US$16,000 for a steel Twenty~4 to several hundred thousand for a diamond-set Nautilus or a grand complication. On 21 September 2026 Bizak's sourced catalogue listed Calatravas from US$21,948, Aquanauts from US$76,890 and a steel Nautilus 5711/1A at US$152,440, all sourced to order.

What is the cheapest Patek Philippe?

The Twenty~4 4910 in steel, listed from US$15,787 with a diamond-set dial and US$20,291 in the standard version on 21 September 2026. The cheapest men's Patek was the 35 mm Calatrava 5120J at US$21,948.

Which Patek Philippe holds its value best?

Steel sports references, in particular the Nautilus and Aquanaut, which trade above their list price. Gold dress watches and complications are stable but rarely carry a premium.

Why is the Nautilus more expensive than a Calatrava?

Not because of the movement or the metal but because of demand: Patek makes few steel sports watches and allocates them to established clients, so the secondary market prices them at two to five times list. A gold Calatrava with a comparable calibre trades at or below list.

Can you buy a Patek Philippe at retail?

Yes, through an authorised retailer. Calatravas, Complications and the Twenty~4 are usually obtainable with some patience; steel Nautilus and Aquanaut references are allocated to established clients and can take years.

Request a Patek Philippe sourcing quote

Tell us the collection, reference, metal, dial, preferred year range, condition and whether a full set is required, plus your budget and timing, through our sourcing enquiry form. We confirm the specific watch, photographs, certificate and final price before you commit. Catalogue entries: Aquanaut 5167A-001, Calatrava 5196J-001, Annual Calendar 5146G-010, Twenty~4 4910/1200A-001; browse the Patek Philippe collection, the Calatrava collection, the Aquanaut collection, or sell or trade your Patek Philippe.

Related reading: Patek Philippe price guide · Nautilus prices by reference · Cheapest Patek Philippe watches · Aquanaut 5167 guide.