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Patek Philippe Boss Planning Rollout of First New Watch in 24 Years

  • Thierry Stern planning first new model line since 1999
  • Demand for Patek watches has raised resale prices above retail
Thierry Stern
Thierry SternPhotographer: Michele Limina/Bloomberg

Patek Philippe SA will soon introduce a new model line for the first time in nearly a quarter century, a fresh offering that the head of the family-owned Swiss watchmaker expects could one day compete with its most desirable timepieces.

President Thierry Stern said the new model line is expected to be unveiled later this year, or next year once all the final elements are in place.