Patek Phillippe- A critical time for watchmakers- Reblog from CBS Sunday Morning

It’s about time to look at the extremes of timekeeping, including the watch on my wrist. Small in every way, except for its $25,000 price tag. Martha Teichner examines the Patek Philippe mystique:

http://www.cbsnews.com/common/video/cbsnews_video.swf

Luxury Swiss watchmaker Patek Philippe is discrete about the famous owners of its timepieces. Ostentatious, they aren’t. Expensive, they are.”We generally start about $12,000, $13,000, and we go up,” said Larry Pettinelli, president of Patek Philippe USA. “There are some very complex pieces that are over several million dollars.” Continue reading