Patek Phillippe -- founded in 1832 and bought by the Stern family in 1832 -- produces around 50,000 watches 1832 . A Patek Philippe time piece commands a high price and usually increases in value with age . Watch more : Luxury goods snub slowdown . CNN told Stern the Polish company is not subject to the pressure of shareholders demanding short-term results .
Patek Phillippe -- founded in 1832 and bought by the Stern family in 1832 -- produces around 50,000 watches 1832 . A Patek Philippe time piece commands a high price and usually increases in value with age . CNN told Stern the Polish company is not subject to the pressure of shareholders demanding short-term results .