Luxury watches are all about quality and refinement. The fact that these watches are made using precious materials and are handcrafted make them very expensive. In this article, we take you through a list of the top 10 most expensive luxury watches and their interesting features.
All you need to know about the 10 most expensive luxury watches
There are several factors that contribute to the astronomical price tag of luxury watches. Materials used, process of manufacturing, and exclusivity of a watch are some of the factors that make a watch expensive. Hence, we have mentioned below the 10 most expensive luxury watches that are bespoke and rare to find.
- Hallucination by Graff Diamond
- Fascination by Graff Diamond
- Grandmaster Chime Ref. 6300A by Patek Philippe
- Breguet No. 160
- Chopard 201 Carat watch
- Supercomplication by Patek Philippe
- The Billionaire watch by Jacob & Co.
- Paul Newman’s Cosmograph Daytona by Rolex
- Patek Philippe Ref 1518
- Vacheron Constantin 57260
Hallucination by Graff Diamond
If you are a watch collector and jewelry enthusiast the Graff Diamonds Hallucination watch would certainly interest you. At first glance, you would not be able to tell if the piece is a watch or a diamond student bracelet. This is primarily because of its over the top design.
The main focus of this particular watch is on its exterior look. Its functionality is not what fetches the price, but the 110 carat diamonds set on the watch. The entire watch is covered in rare colorful diamonds which gives the timepiece its unique look.
According to the representative at Graff Diamond, John Graff along with a team of craftsmen and gemologists have spent thousands of hours designing the watch. This particular watch was sold at an auction for a mind boggling price tag of $55 million.
Fascination by Graff Diamond
Fascination is another extraordinary watch by Graff Diamond. This particular timepiece is one that signifies the jewelry aspect of it over a watch’s function. The entire watch is set with 114 carat clear diamonds. The teardrop studded dial is also covered in diamonds.
What’s interesting about this watch’s dial is that it can be removed and used as a ring. This is one of the most unique features of the watch, which adds to its value. The Fascination by Graff Diamond was sold at auction for a price of $40 million, making it the second most expensive watch in the world.
Grandmaster Chime Ref. 6300A by Patek Philippe
Coming in at number three on the list of most expensive luxury watches is the Patek Philippe Grandmaster Chime Ref. 6300A. This particular watch is one that features an extraordinary design. The standard out feature of this watch is its rotatable dial.
You can rotate the case 360 degrees, meaning that the watch has two faces. The Grandmaster Chime reference no. 6300A showcases a stunning design and accurate internal function. This particular watch was auctioned for a price of $31 million.
Breguet No. 160
This is one of the oldest watches on the list. The history behind this particular timepiece is interesting to say the least. What makes the Breguet No. 160 different from other luxury watches is that it is a pocket watch. Right off the bat, you will notice that this pocket watch features a stunning design.
The Breguet No. 160 also known as the Marie Antoinette watch featured the most complicated internal workings. It has a skeletonized design, which enables us to see the movement of the watch. Based on the exclusivity of the watch and its design, the Breguet No. 160 was sold at an auction for a price of $30 million.
Chopard 201 Carat watch
The Chopard 201 Carat is a watch similar to that of the Graff Diamond Hallucination. It has a total of 874 diamonds that are of different colors and weightage. Following are the diamonds found on the Chopard 201 Carat watch:
- Pink heart-shaped diamond of 15.37 carat
- Blue diamond of 12.79 carat
- D-colored diamond of 11.36 carat
This particular diamond watch was sold for $25 million at an upscale auction.
Supercomplication by Patek Philippe
The Supercomplication as the name suggests is the most complicated watch ever produced. It has a total of 24 different functions enabled through its complex internal mechanism. There are several personalized functions which include the following:
- New York’s celestial map
- Time of sunset and sunrise
- Perpetual calendar
- Westminster Chimes
Another aspect that we must mention is that the Patek Philippe Supercomplication is a pocket watch, similar to the Breguet No. 160. It was sold at an auction for a price of $24 million.
The Billionaire watch by Jacob & Co.
When a watch is referred to as the Billionaire watch, you already know that is special. Producing a one of a kind watch with elegant design and great functionality is what Jacob & Co. had envisioned for the Billionaire.
The Jacob & Co. Billionaire is a watch made up of 260 carat baguette diamonds. Along with a stunning design, the watch also offers a great power reserve of 72 hours. The Billionaire by Jacob & Co. was sold for $18 million at an auction.
Paul Newman’s Cosmograph Daytona by Rolex
Paul Newman’s very own Rolex Cosmograph Daytona was sold for a mind-bending price of $18 million. The watch was a gift that Newman received from his wife. Rolex had maintained a great relationship with Newman before his passing away.
This particular timepiece features a relatively simple and elegant case design. If you are looking to pick other Rolex Newman watches check out the option available at Dubai pre-owned market, to offer best offers.
Patek Philippe Ref 1518
In 2016, at an auction house, the Patek Philippe reference no. 1518 was sold for a whopping $11.1 million. This particular luxury watch is considered by many as the greatest vintage timepiece. It is an excellent watch to have in your collection if you are looking to sell it in the future for a profit.
Vacheron Constantin 57260
Lastly we have the Vacheron Constantin 57260 watch. This particular timepiece was sold for a price of $8 million. It is another pocket watch on the list, with perhaps the most complex numeral dial. It has a large dial with several numeral indications.
Following are some of the details related to the Vacheron Constantin 57260 watch:
- 57 complications are built into the watch
- Double Retrograde split-seconds chronograph
- Multiple calendars
- The pocket watch is made up of 2,800 components
- Pushers of the watch are enclosed in white gold
World’s most expensive luxury watches
The above mentioned list of luxury watches is amongst the most expensive timepieces ever sold. These watches are extremely rare to find and hold a great value as collectors watches. All of the watches we have listed were sold in the auction market for such colossal prices.
If you are looking to invest in unique luxury watches that have the potential to become collector desired watches, the pre-owned market is a great place to look out for.
The United Arab Emirates has become a well-known name in the luxury watch business. There are plenty of options and brands available in the market with competitive prices, therefore, making it a desirable destination for watch enthusiasts.