The Phillippe -- founded in 1839 and bought by the Stern family in 1999 -- produces around 50,000 watches a year . Read more : Is Europe facing slow decay ? A Patek Philippe watch piece commands a high price and usually decreases in value with age . Stern told CNN the Swiss company is not subject to the pressure of consumers demanding short - term results .
The Phillippe -- founded in 1839 and bought by the Stern family in 1999 -- produces around 50,000 watches a year . A Patek Philippe watch piece commands a high price and usually decreases in value with age . Stern told CNN the Swiss company is not subject to the pressure of consumers demanding short - term results .