Patek Philippe & Co was founded in 1851 by Antoni Patek and Adrien Philippe. Patek Philippe supplied its watches to Royalty like Queen Victoria, Prince Albert, the King and Queen of Denmark, the Sultan of Egypt and many others. Like other Swiss manufacturers, the company produces mostly mechanical movements of the automatic and manual wind variety, but has produced quartz watches in the past. Patek Philippe pioneered the perpetual calendar, split-seconds hand, chronograph, and minute repeater in watches and is notable for manufacturing its own watch components. In 1989, Patek created one of the most complicated mechanical watches ever made, the Calibre 89, created for the 150th anniversary of the company. It holds 39 complications, including the date of Easter, time of sunrise, and many other indicators. Calibre 89 is also able to add a day to February for leap years while leaving out the extra day for every 100 year interval. Patek Philippe timepieces have recorded high prices in auctions worldwide. A large part of the demand for auction pieces is driven by Patek Philippe themselves, as they are often purchasing in the auction market to add to the collection of the Patek Philippe Museum in Geneva.

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