Loans on Patek Philippe Watches

Loan against your Patek Philippe watch

Patek Philippe is regarded as one of the most prestigious watch brands in the world, due to their superlative levels of engineering design which push the boundaries of horology. That is why they are so highly sought after make a great asset to lend against.

Why choose us

fast

Fast

Receive money in as little as an hour.

expert

Expert

Trusted pawnbroker and jeweller for over 250 years.

competitive

Competitive

Accurate valuations and competitive loan rates.

confidential

Confidential

Discreet service with no credit checks.

fast

Fast

Receive money in as little as an hour.

expert

Expert

Trusted pawnbroker and jeweller for over 250 years.

competitive

Competitive

Accurate valuations and competitive loan rates.

confidential

Confidential

Discreet service with no credit checks.

Get a Free Quote NOW
0800 038 9839

A FAST AND SIMPLE PROCESS

Contact us

Get in touch with us online,
in-store or by phone.

Accept Offer

RECEIVE YOUR OFFER FROM OUR
SPECIALISTS IN AS LITTLE AS 1 HOUR.

RECEIVE MONEY

ACCEPT THE AGREEMENT AND RECEIVE
THE MONEY VIA SAME-DAY BANK TRANSFER.

GETTING YOUR WATCH TO US

WE OFFER SEVERAL OPTIONS:

IN-STORE
Bring your Patek Philippe watch(es) into one of our London stores today. You are welcome to book an appointment with our expert appraisers they will be ready to meet you when you arrive.

COURIER SERVICE
Use our free insured Special Delivery courier service to send your Patek Philippe watch(es) to us, or we can send our courier to you to collect your watch(es). Receive money in 24 – 48 hours from your home.

STAFF COLLECTION
Have your high-value Patek Philippe watch(es) collected by one of our staff members at a convenient time place for you.

HOME VISIT
For high- value Patek Philippe watch(es), our specialists can come to you to value your luxury assets.

Valuing Your Patek Philippe Watch

Our highly trained specialists consider many factors when valuing your Patek Philippe to ensure we provide you with the most accurate up to date valuation. The most important factors are:

MODEL

Patek Philippe watches hold their value much better over time than other less prestigious watch brands. In particular, the Patek Philippe Calatrava, Nautilus Aquanaut tend to be in high demand this is reflected in our loan estimates.

PROVENANCE

If you have the original box, a certificate of sale or any papers that record information about your Patek Phillipe watch, this adds value. If you have lost or misplaced them, don’t worry, we will still be able to provide you with a loan estimate.

CONDITION

We understand that over time your Patek Phillipe might have some wear tear damage, though any significant dents, scratches, repairs, restorations or other damage to the glass or bracelet can impact the value.

MARKET VALUE
We consider any recent information we can locate from auction private sale records to ensure our valuations are accurate.

We also check your watch against loss stolen registers as part of our due diligence.

AGE

The age of your Patek Philippe can have a positive or negative impact on value. Contemporary modern Patek Phillipe watches tend to have a higher value when they are newer. Vintage Patek Phillipe watches are valued on their rarity condition.

Security and Care

LOOKING AFTER YOUR PATEK PHILIPPE WATCH

TRANSPORT
If you use our courier service to have your Patek Philippe watch(es) collected from your home or you send your items to us, they will be insured up to £20,000 during transportation.

If your Omega watch(es) is of high value you use our staff collection service, they will be insured up to £100,000 during transportation.

STORAGE
Whilst your Patek Philippe watch(es) is with us to be valued by our specialists or if your Patek Philippe watch(es) is under loan with us, it is stored in protective packaging in our highly secure vaults.

CARE
When your Patek Philippe watch(es) is with us, we take every step necessary to look after it. Our valuation specialists inventory managers handle your Patek Philippe watch(es) with care to make sure your luxury valuables are returned to you in the same condition we received them in.

Previous Loan Examples

Rolex Submariner The Hulk

Patek Philippe

Grand Complication

£75,000

Rolex Submariner The Hulk

Patek Philippe

18ct Gold Calatrava

£3,500

Rolex Submariner The Hulk

Patek Philippe

Nautilus

£30,000

Rolex Submariner The Hulk

Patek Philippe

Tourbillion Perpetual Calender in Platinum

£200,000

WATCH BRANDS WE LOAN AGAINST

WE LOAN AGAINST MANY BRANDS INCLUDING BUT NOT LIMITED TO:

FREQUENTLY ASKED QUESTIONS

HOW MUCH CAN I PAWN MY PATEK PHILIPPE WATCH FOR?

We offer loans from £500 up to £2 million. Suttons and Robertsons can lend up to 60% of the value of your Patek Philippe watch. This means that if you are pawning a Patek Philippe Grand Complication watch valued at £75,000, we could lend you a maximum of £45,000 (60% of the value). We always aim to provide our clients with the maximum loan amount though the amount depends on many factors including the model, condition, age, provenance market value.

CAN I PAWN MY PATEK PHILIPPE WATCH ONLINE?

Yes. Suttons and Robertsons are an in-store online pawn shop. If you want to transact with us from home, rather than coming into one of our stores, you can apply online use our secure home collection service. If you use our home collection service decide you don’t want to accept our loan offer, we will arrange for your item(s) to be returned to you free of charge. Alternatively, you are welcome to collect your item(s) in-store.

HOW TO INCREASE THE VALUE OF MY PATEK PHILIPPE WATCH?

It is beneficial to have your watch cleaned have any cosmetic damage such as dents or scratches repaired prior to getting a valuation. Even if your Patek Philippe watch is in good cosmetic condition, it is important to have it regularly serviced to ensure it remains in full working order.

CAN I SELL USED PATEK PHILIPPE WATCH?

Yes. If you decide you don’t want to pawn your watch, you can sell your Patek Philippe watch to us. Get a quote with us online, in-store or by phone today.

IS A PATEK PHILIPPE WATCH AN INVESTMENT?

As the Jet D’Eau crashes down upon Lake Geneva, some of the most outstandingly stunning watches in the world are been painstakingly pieced together a few short kilometres away. Patek Philippe watches are considered by many to rank among the most prestigious watch brands in the world. As central London pawnbrokers, we have the luxury of examining many brands but Patek Phillipe stands out from other brands for their sheer mechanical brilliance meticulous attention to detail. Not many things in life links Pope Pius IX to Queen Victoria, but it seems that their mutual appreciation of Patek Philippe timepieces does just that. Loans on Patek Phillipe watches are straightforward for pawnbrokers in London, like Suttons and Robertsons – the quality underwrites the investment. Yet what makes the story of the Patek Phillipe brand so fascinating? The Patek Philippe story stretches back beyond many other watch brands speaks of a Europe of a different time. Antoni Patek had criss-crossed his way across Europe Prussia, fighting in the Polish army, before settling in Geneva to make watches with Czech partner, Franciszek Czapek. Not all partnerships are meant to be – following an acrimonious split in 1844 – Patek began to work with French watchmaker Adrien Philippe, the inventor of the key-less winding mechanism. A clever business partnership, the Patek Philippe brand is still considered to be one of the most important brands of luxury watches in the world whereas Czapek’s solo venture ceased trading in 1869. Since it’s conception in 1845, Patek Philippe has secured more than 80 patents for a great many of their movements, cases, hands, dials appearance. Many of these patents have inspired informed progress development throughout the watch making community. Phillipe developed one of the greatest innovations in timepieces when he created the keyless watch, removing the need for a tiny – very fiddle some – watch key. Integral to the watch, keys were no longer lost or easily broken. In addition to the double chronograph patent the first self-winding wrist prestige watch in 1953, Patek Philippe have developed many innovations that it’s hard to believe are such recent additions to chronology. In 1959, the brand launch the time zone watch that made it possible to track times across the world while, in 1985, they developed a mechanism by which the ever-moving Easter date could be determined. One of Patek Philippe’s more mind-boggling patents demonstrates just how seriously the brand takes precision. Philippe Patek expects their watches to last more than one life time. This means that – as well as a superb heirloom – this prestige watch is expected to deal with the idiosyncrasies of the Gregorian calendar. The Patek Philippe secular perpetual calendar means that the watch keeps the full 400-year cycle of the Gregorian calendar – at the end of every century – the mechanism decides whether it is a leap year or not. This means that a Patek Philippe is precise to the second as well as the century at any given moment in time.

WHICH PATEK PHILIPPE SHOULD I BUY?

WHAT WATCH BRANDS DO YOU LEND AGAINST?

We lend against many watch brands including but not limited to Rolex, Patek Philippe, Cartier, Vacheron, Jaeger-LeCoultre, Frank Muller, IWC, Omega, Breitling, Panerai, Audemars Piguet and Hublot.

WHAT LUXURY ASSETS DO YOU OFFER LOANS AGAINST?

We are a high-end pawnbroker specialising in offering instant, fast loans against watches, jewellery, diamonds, gold, fine art, antiques, classic luxury cars, handbags, rare books, sports memorabilia other luxury items.

WHAT PATEK PHILIPPE MODELS DO YOU LEND AGAINST?

The Patek Philippe models we lend against include but are not limited to Grand Complications, Complications, Calatrava, Nautilus, Aquanaut, Gondolo, Golden Ellipse Twenty~4.

HAS PATEK PHILIPPE BEEN SOLD?

Written as of March 2020. Psssst – Rolex considering buying Patek Philippe? So, we know that this story pops up every now then, but we wouldn’t be doing our job as pawnbrokers who specialise in Rolex if we didn’t pause to consider what this could mean for both brands. The news has emerged from Switzerland, fresh from a keenly positioned banking analyst, that the Patek Philippe brand is up for sale. While there are no verified facts at present – it has to be said that we’re all getting quite good at reading between the lines when it comes to current affairs – it seems that they only other thread of chatter that is gaining any traction is the fact that the best buyer for Patek Philippe would indeed be Rolex. It would seem that Berenberg investment bank analyst had been able to capture industry talk in around the watch watchers of Geneva that the Patek Philippe brand could be up for sale. Heavily caveated at every turn by the fact that this may be rumour, it is still interesting to consider how that would impact Patek Philippe’s operations. Run by president Thierry Stern, Patek Philippe is the biggest family-owned independent watchmaker in the world, which means that it operates under its own agenda without having to explain performance or strategy to shareholders. With 2017 data from Swiss investment bank, Vontobel, putting sales at CHF 1.35 billion, with an output of around 70,000 watches per year, Patek Phillipe can count 3.6% of the global market (in terms of turnover). Interestingly, Rolex is owned by a family trust also fiercely seek to protect their independence business operations from prying eyes. With watch sales worth CHF 5.2 billion in 2017, it could be a possibility. With Bloomberg setting a potential Patek Philippe price of €7 billion to €9 billion ($8 billion to $10 billion), it falls within Rolex’s financial ball park. Let’s watch carefully…

IS A PATEK A GOOD INVESTMENT?

When we consider investments, our thoughts often turn to bricks mortar. Yet the complications that come with property investment may present more risk than is immediately apparent. The really clever money is placed on investments that can stand the test of time, weather turbulent economies also bring some happiness. Patek Philippe watches currently represent some of the best investment opportunities around. Based in Geneva, with a clear focus on pushing the boundaries of chronology, Patek Philippe build their watches to last through generations. Their superlative levels of engineering excellence design are commanding auction prices that are, quite frankly, out of this world. Patek Philippe’s innovative approach to the development of their watches has resulted in some mind-blowing auction success, with a 1518 model recently achieving £9 million. The 1518 isn’t dripping with diamonds, nor does it boast an elegant, intricate strap. What makes it stand out is that it was made from stainless steel in 1943, some three decades before Patek Philippe fully committed to working with the material. With only four of these particular watches ever made, the 1518 captures a moment in time when the Swiss watch brand was driving innovation demanding more of themselves. Patek Philippe has retained the crown for highest price at auction, with another watch previously securing a price of £5.8 million at auction in Geneva. Is it such a surprise that watches make such outstanding investments? The Patek Philippe brand itself pre-dates the turmoils of Europe in the last century. Ironically born from a displaced Polish soldier’s journey across Europe in the 1830’s 40’s, Patek Philippe weathered two World Wars the subsequent Cold War; excelling despite the long shadow of the Iron Curtain. Indeed, while European war raged around Switzerland in 1943, Patek Philippe was developing the 1518 watch that recently fetched £9 million at auction. If a timepiece brand can triumph over adversity to this degree, it surely has to be a given that Brexit won’t trouble the brand’s stock unnecessarily. The facts surrounding Patek Philippe’s success at auction houses are not hard to find; neither are they a recent phenomenon. Finding recurring auction success in the brand’s home city of Geneva, the 1933 Patek Philippe Supercomplication pocket watch broke previous records when it sold for US$24 million in 2014. Patek Philippe’s record speaks for itself, but could investing in a Patek Philippe future proof your portfolio? We won’t make promises – nor should you seek any. However if you’re looking for a robust reliable signpost, reach for the latest Knight Frank Luxury Investment Index. The outlook is very good for those who have already invested, those who are seriously considering investing in, a prestige watch. The watch market has increased around 168 percent over the last 10 years. If you’re looking to buy or pawn a luxury watch with a London Pawnbroker, get in touch with Suttons and Robertsons.

Competitive Loan Rates

Terms

All our loans are for 6 months and are secured against your valuables. Maximum APR (including all fees): 93.21% (fixed). No minimum payment term. Maximum payment term: up to 6 months. These loans are redeemable at any point during the loan period without any penalty.

REPRESENTATIVE EXAMPLE

Loan amount of £1,000. Loan term of 6 months. Interest rate of 6% per month (fixed). Total interest of £360 over 6 months.
Total repayable amount in one instalment is £1,360. Representative APR is 84.96% (including all fees).

Risk Warning: If the loan is not repaid, the assets may be sold.

GET IN TOUCH TODAY

Call us on 0800 038 9839 or contact us for a free online quote now.

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