Patek Philippe

Hi,
I was looking at a 5036. It does not come with the certificate of origin. How important is that with regards to value?

Thx,
Brian

Important only to the most serious collectors for the high end pieces.  If someone wants the watch, they will buy it regardless.

... if someone can choose between the same two watches they will take the one with CO...

So, or the watch in question is a top model then it will probably have it's CO anyway, or it's just a regular model and then, see above...

...  after two years that the CO is important, is to know that you are getting a piece from the actual owner who's name is on the CO he is giving you.  Otherwise papers or not you don't know if somone lost this piece, had it stolen etc etc.  Safest bet is to acquire the movement & serial/case #s from the seller and confirm with Patek that the piece hasnt been reported stolen or lost.

Good luck!

..if you are buying from a reliable source original papers are not important (in my opinion).

not an answer but a question. That question would be "Why are there no papers ?" If the anwser is " My dog chewed it", ----RUN! & don't look back.

Lost, misplaced, significance not appreciated by original owner, etc.

Also, some people don't want to send original papers to another person especially if their name is on the original certificate.

I'm a collector and always try to get them but have never decided not to purchase simply because the papers are missing.

At my request they put down "anonymous" as the buyers name.

Tried to leave it blank but they didn't want to do that (understandable).

So, might I have to part from my PP, the next owner isn't stuck with my name...

that there has to be a recognition of diminished value if papers are missing.  Regardless of actual importance the reality is you are eliminating a significant portion of the pool of potential buyers should you ever want to sell the piece down the road.  A lot of people will simply pass on a Patek that doesn't have papers.

Steve 

if you want to have a paper ( and you dont have the certificate of origin)  simply aks to patek the esctract for few CHF ....

from my point of view has same value of certificate ..... but it's only my opinion ,

all my best

 

Walter

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Hi,

I've never really understood the concept of the certificate of origin, at least in the way it is done by Patek Philippe, as a way of insuring any certainty at the time of sale.

You can get a certificate of origin without sending the watch to Patek Philippe (please correct me if I'm wrong).so what can stop someone to ask a certificate without actually owning the watch? AFAIK you just need to give the case and calibre number.

A certificate of origin is IMO interesting for an owner to know more about his own watch, but I don't think it can be really used as a proof of originality of a watch for sale.

Cheers

Dje

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CERTIFICATE OF ORIGIN :  it is  in few words  what other brands call GUARANTEE,  with production delivery date and owners name ( not always)  and other details ( dealer ,etc .)

                                                   This certificate you CANNOT  request after sale  in Patek : only original owners can give it you or the dealer in the moment you buy the watch.

 

ESCTRACT FROM THE ARCHIVIES :   you can have it asking Patek Geneve  by fax and giving case and mov. numbers   . ( not necessary to send the watch)

Both papers cannot give guarantee of autenticity to the watches but my suggest, especially for modern watch ( not vintage because is really difficult to have the Certificate) is always to ask the CERTIFICATE  in order to be sure is not stolen. Yes watch world is not 100% safe you know .  Normally when tehy stole you the watch on the road you dont have the Certificate togheter with you

CERTIFICATE OF ORIGIN :  has value between collectors   ( IT'S LOGIC , it means safe seller ) I dont know if money value but for a  collector like me YES

I hope you enough info .

Regards to all of you

 

W

Most vintage Pateks don't have Certif. of Origins, so it is acceptable not to have it (although if it does, all the better).  On newer ones (say within the last 10 or so years), if the owner didn't think enough to keep the COO. how well did he maintain the watch in the first place.  There are enough recent pieces around where you could buy with COO, but I would guess for most, they would be interested at like5-10% off.