Luxury watches are a number of the foremost sought-after and admired pieces of technology. Combining the simplest in craftsmanship, history, and style , price tags can soar into the millions. From a $55 million colorful diamond wristwatch to a timepiece commissioned for the French queen Marie Antoinette within the 1700s, we’ve put together an inventory of record-breaking timepieces. Keep reading to require an in-depth check out the highest 10 costliest watches within the world and why they command such high prices.
Graff Diamonds Hallucination – $55 million
Topping the list of the world’s costliest watches is that the Graff Diamonds Hallucination. Unveiled at the Baselword watch and jewelry fair, this unprecedented watch is formed from 110 carats of diamonds. Diamonds of all colors, including Fancy Pink, Fancy Yellow, Fancy Green, and Fancy Blue, and cuts, including emerald, heart, pear, marquise, and round, are combined to make this spectacular timepiece.
Graff Diamonds The Fascination – $40 million
Known for his or her luxurious diamond jewelry items, Graff Diamonds created The Fascination watch, which contains 152.96 carats of diamond with a middle diamond that’s a 38.14-carat D Flawless pear shape. the middle diamond detaches into a hoop which will be worn separately.
Breguet No. 160 – $30 million
The original version of this piece was allegedly commissioned for Marie Antoinette by one among her lovers. Abraham-Louis Breguet began performing on the watch in 1782, and Marie Antoinette was executed before its completion in 1827 by Breguet’s son.
It included every known complication at the time, including a thermometer, chime, and calendar. The watch was on display at the L.A. Mayer Museum in Jerusalem until it had been stolen in 1983. The piece was eventually recovered and remains on display at the Mayer museum today.
Chopard 201-Carat Watch – $25 million
This stunning timepiece contains 874 diamonds, totaling 201 carats, in an array of colors. the middle of the Chopard watch is comprised of three heart-shaped diamonds in yellow, pink, and blue.
Patek Philippe Supercomplication – $24 million
This gold watch was created in 1933 by Patek Philippe for banker Henry Graves Jr. It took 5 years to style and build and features 24 complications, including a calendar, sunrise and sunset times, and a celestial calendar from Graves’ apartment on Fifth Avenue in NY.
Jacob & Co. Billionaire Watch – $18 million
The Billionaire Watch contains 260 carats of emerald-cut diamonds, 167 individual components, and 19 jewels. The bracelet and watch face are one seamless construction made from 18K alloy.
Paul Newman’s Rolex Daytona – $17.8 million
Movie star and race-car enthusiast, Paul Newman’s Rolex Daytona sold for a staggering $17.8 million back in 2017. artistic movement a la mode, the 1968 Daytona reference 6239 was engraved with “Drive Carefully, Me” by wife and actress Joanne Woodward. Paul went on to gift it to his daughter’s boyfriend at the time, who donated a large amount of the sale to the Nell Newman Foundation.
Patek Philippe Ref. 1518 – $11.1 million
In late 2016, the stainless steel-cased Patek Philippe ref 1518 sold at a watch auction for just over $11 million. Patek Philippe produced the 1518 model in 1941, making it the primary calendar chronograph wristwatch ever produced during a series.
Vacheron Constantin 57260 – $8 million
Including 57 complications, 2826 individual components, and 242 jewels, Vacheron Constantin’s 57260 watch may be a technological and artistic feat. It took 8 years to style and make and is estimated to possess been commissioned for $8 million for a personal client.
Hublot explosion – $5 million
Hublot’s explosion watch contains 1,282 diamonds in total, including quite 100 carats of baguette diamonds and 6 emerald-cut diamonds weighing quite 3 carats each. Beyoncé famously purchased a Hublot explosion for her husband Jay-Z as a birthday gift back in 2012.
What Makes Luxury Watches So Expensive?
The primary factors that determine what proportion a luxury timepiece is worth are:
- Materials used
These factors all add conjunction to work out the last word value of a timepiece. The precision, craftsmanship, labor, and skill that enter luxury watches is what sets them aside from others. Rolex watches, for instance, are all handle assembled and therefore the brand has their own foundry that creates the gold they use in their pieces.