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Story summary
- Patek Philippe announced that former president Philippe Stern died on June 14 at age 88.
- Stern led the company from 1993 to 2009, inheriting its third-generation leadership.
- He introduced new mechanical models that pushed watchmaking’s technical limits.
- He marketed $40,000 handmade watches as status symbols, fostering a collector market that tracks releases through specialist magazines and websites after the 1970s quartz crisis.
