What is Audemars Piguet?
Audemars Piguet is a Swiss luxury watch manufacturer founded 1875 in Le Brassus, Vallée de Joux. Family-owned across four generations. Annual production: about 40,000 watches. The 1972 Royal Oak — designed by Gérald Genta in a single night before Baselworld — defined the modern luxury sport watch. AP sits in the "Holy Trinity" of haute horlogerie alongside Patek Philippe and Vacheron Constantin. Inventions include the first minute-repeating wristwatch movement (1892), the first jumping-hour wristwatch (1921), the first skeleton watch (1934), and the world's thinnest automatic perpetual calendar (2019).
History
Jules-Louis Audemars and Edward-Auguste Piguet were both watchmakers in Le Brassus, the Vallée de Joux village where AP is still headquartered. Both came from watchmaking families. They formed the company in 1875 — Audemars handling production, Piguet handling commerce. By 1882 they had produced their first "grande complication" pocket watch. The Vallée de Joux became the technical home of haute horlogerie partly because AP was there.
The technical record is unusually consequential. AP produced the first minute-repeating wristwatch movement in 1892 (the Caliber 13"'Y) — a movement that sounds the hours, quarters, and minutes on demand. The first jumping-hour wristwatch came in 1921. The first skeleton watch was made in 1934. The first ultra-thin tourbillon wristwatch (Caliber 2870, 1986) was 4.8mm thick — at the time the thinnest tourbillon wristwatch ever made.
The Royal Oak is the moment that changed everything. By 1971 the Swiss watch industry was under siege — the "quartz crisis" was decimating mechanical watchmakers, and the Vallée de Joux was particularly exposed. Georges Golay, AP's managing director, gave Gérald Genta a single night to design a stainless steel sport watch for the Italian market. Genta drew the eight-screw bezel that night, inspired by a deep-sea diving helmet. The watch debuted at Baselworld 1972 priced at SFr 3,300 — more than a gold Rolex Datejust at the time. Critics called it commercially ruinous; collectors called it brilliant. The Royal Oak saved AP and arguably saved the entire haute horlogerie segment from the quartz collapse.
I drew the watch in a single night. The eight visible screws were the diving helmet — what made the Royal Oak the Royal Oak.
Gérald Genta, on the Royal Oak design night, 1971
In 1993 Emmanuel Gueit (then 22) designed the Royal Oak Offshore — a larger, sportier evolution at 42mm with a chronograph and rubber gasket between bezel and case. AP traditionalists hated it. The market loved it. The Offshore became the brand's second signature.
Signature collections
Royal Oak
Released 1972. Genta's eight-screw octagonal bezel, integrated tapered bracelet, Grande Tapisserie dial pattern. Modern Royal Oak references run from the 39mm Jumbo Extra-Thin 16202ST ($35,400 retail, $80,000+ secondary) to 41mm Selfwinding 15500ST ($25,800), Chronograph 26240ST ($43,800), and Perpetual Calendar 26574 ($110,400). Material variants include yellow gold, white gold, rose gold, platinum, and frosted gold. Steel allocation is the most constrained.

Royal Oak Offshore
Released 1993. Larger case, chronograph movements, sportier proportions. Modern Offshore Chronograph 26420 ($43,200 in steel) and Diver 15720 ($25,400) anchor the line. Limited editions tied to motorsport (Michael Schumacher, Marvel) and collaborations with celebrities (LeBron James, Travis Scott) are routine. The Offshore is louder than the original Royal Oak — bigger, more material variation, more lume. Both pieces share the design DNA but answer different aesthetic questions.

The Royal Oak was the rule. The Offshore was the deliberate breaking of it.
Royal Oak Concept
Released 2002. The technical and material flagship. Forged carbon cases, sapphire cases, ceramic cases, skeletonized movements, tourbillons, minute repeaters, GMT. Concept pieces start around $200,000 and reach over $1 million. The Concept Frosted Gold Flying Tourbillon Openworked (~$240,000) and the Code 11.59 Universelle Concept (~$1M+) are recent examples.
Code 11.59
Released 2019. AP's first new collection in 25 years. Round case (a departure from the Royal Oak octagon), fluted middle case lugs, complex movements. The launch was poorly received aesthetically — collectors had expected something to rival the Royal Oak's impact. Subsequent references (the Universelle Grand Complication, the Selfwinding Chronograph in white gold) have improved the line's standing. Code 11.59 Selfwinding starts at $26,500.
Jules Audemars
Round dress watches in the more traditional AP house style. Less recognized than the Royal Oak but worth knowing — the Jules Audemars Grande Sonnerie Carillon Supersonnerie (2016) reimagined acoustic watchmaking with a new sound-engineering approach. Most Jules Audemars references are precious metal and run $40,000+.
Price tiers
- Entry — Code 11.59 Selfwinding ($26,500), Royal Oak 37mm ($24,000-$28,000)
- Mid — Royal Oak Selfwinding 15500ST ($25,800), Royal Oak Chronograph 26240ST ($43,800), Royal Oak Offshore Diver 15720 ($25,400)
- Sport flagship — Royal Oak Jumbo Extra-Thin 16202ST ($35,400), Royal Oak Perpetual Calendar 26574 ($110,400), Royal Oak Offshore Chronograph 26420 ($43,200)
- Concept — Forged carbon, ceramic, skeletonized, tourbillons, repeaters. $200,000-$1M+
- Collector — Vintage Royal Oak A-series (1972-1976), discontinued steel "Jumbo" 5402, John Mayer collaborations, Michael Schumacher Offshore. Six and seven figures.
What's worth knowing
The Royal Oak case is hand-finished. The flat surfaces are mirror-polished; the chamfers are hand-beveled; the brushed surfaces require approximately 30 hours of finishing per case. The bracelet alone takes hours of articulated finishing — each link is hand-finished before assembly. This is why production is small even for a brand at AP's commercial scale. The labor doesn't reduce.
In-house movements: the 4400 chronograph caliber (introduced 2015), the 5135 perpetual calendar caliber, the 7121 Selfwinding caliber (2022 — replacing the long-running 3120). AP supplies movements internally and does not sell calibers to other brands — unlike Jaeger-LeCoultre, which has historically been a movement supplier to the wider industry. AP's independence on movement design is a structural difference.
Worn by LeBron James, Lionel Messi, Serena Williams, Jay-Z, John Mayer, Tom Brady, Arnold Schwarzenegger, and members of multiple royal families. AP's celebrity positioning is the most visible of the Trinity. The brand leans into it more consciously than Patek (which keeps a quieter cultural register) or Vacheron (which is structurally invisible to most non-collectors).
Read next
For the rest of the Trinity:
- Patek Philippe — Heirlooms in the Making
- Vacheron Constantin — The Oldest Continuously Operating Manufacturer
For Genta's other masterwork:
For the broader survey:

Magnus26, CC BY-SA 3.0, via Wikimedia Commons