The Holy Trinity of watches, or the big three, have been Patek Philippe, Audemars Piguet, and Vacheron Consantin. Patek and Audemars Piguet have brought huge innovation, and real change to the watch community, but Vacheron Constantin has played a nominal role.
History

Vacheron was founded in the late 1700's by an independent watchmaker named Jean-Marc Vacheron. The most innovative thing that Vacheron has done is create the first engine turned dials, but outside of that there isn't any sort of magic that makes these watches special. Instead Vacheron produces great watches, very respectable, but not in the top 3.
Modern Day
The most notable thing that Vacheron has done in the last 50 years is the collaboration with Hodinkee. Thats it. As someone who is, (relatively), new in the watch world, my family doesn't have a history in watches, Vacheron has not produced anything, besides the Hodinkee Cornes de Vache, that has really blown my mind. The overseas was their real attempt at a modern contemporary watch, that would bring them back into the market, but it really fell short. In modern times they don't really create any hard competition, in other words you are never going to buy a modern Vacheron over a Modern Patek.
Competition
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