Watches are both essential accessories and collectibles, a finely crafted watch is a valuable piece of art, whose value appreciate over time. While the vast majority of watches are mass manufactured, the ownership of high end luxury watches by legendary watch makers like Patek Philippe and A. Lange & Söhne is considered to be a status symbol. Many of the watches are limited edition watches with less than 10 pieces produced by the watch manufacturer and are in demand by celebrities like film stars and the ultra rich throughout the world. This article lists the top 10 most expensive watches in the world (luxury watches)
The value of a luxury watch can be subdivided into the value due to expensive materials used or the craftmanship and design of the watch. Some watches are made by jewelers and their value is derived from the precious stones and precious metals like diamond, platinum and gold used for manufacturing the watch. In other cases, the main value of the watch is derived from the craftsmanship , design, features and complicated watch mechanism used in the watch. This ensures that the watch is easy to use anywhere in the world, and displays the time very accurately.
Top 10 Most Expensive Watches in the World Right Now
1) The Chopard 210 karat watch valued at $25 million –
More than a watch this is a piece of jewellery, made using 201 carats of coloured diamonds, to look like a flower. Compared to other watches, it is relatively simpler in design, the high value is primarily because of the expensive diamonds used for designing the watch in a particular manner.
2) Patek Philippe Super Complication
Has an estimated price of $11 million and is a pocket watch which was custom made for a banker by Patek Philippe. Design and manufacture of this watch took over 5 years. This round watch was made from gold and has over 900 parts, it has a simple easy to read display.
3) Patek Philippe Platinum World Time
Valued at $4 million, this watch has a self winding mechanism that can automatically find the time anywhere in the world, it is designed for frequent travellers to different parts of the world. The names of the major cities of the world are engraved on the dial of the watch. This watch is available in a variety of colour and finishes such as rose gold, platinum, yellow and white to suit the varying tastes of buyers.
4) A. Lange & Söhne’s Grand Complication :
The price of this watch is 1.92 million euros which is approximately 2.479 million dollars, it has a calendar displaying the day, month and year, as well as moon phase display. The round watch has a leather strap and easy to read display
5) RM 56-01 by Richard Mille’s
It has a listed price of 1.85 million dollars and a transparent all sapphire glass case, which allows the user to see the complicated watch mechanism in the case in operation. This gives the grey and black watch a distinct appearance, different from other watches with a similar price
6) Art Piece 1 from Greubel Fossey
Is priced at 1.5 million CHF or approximated 1.6 million US dollars, and has a distinctive appearance which is different from the other watches as there are cutouts which give a glimpse of the inner mechanism of the watch. It has a blue dial to represent the sea and sky and the watch is only a small part of the dial. The crown of the watch has a nano sculpture by the artist Willard Wigan.
7) Vacheron Constatin Tour de I’lle
A a price of 1.5 million dollars, this is a two sided watch with a front and back side. This is a limited edition watch, only seven pieces were produced to celebrate the 250th anniversary of Vacheron. This allows the user to access a lot of information easily such as the time in different time zones, calendar with day, time and year, and sunset timings.
8) Patek Philippe Sky Moon Tourbillon
With a price of $1.3 million, this is a double sided watch which can be considered to be a work of art. The front side of the watch has the standard watch features like time, day, day of the week, while the rear side of the watch has a blue night sky display in addition to the time and a compass to show the direction.
9) Hublot Classic Fusion Haute Joaillerie costs $1 million
For the limited editions of this watch, only eight pieces are available. This watch has more than 1185 diamonds fitted all over the watch on the bracelet and the dial. It took a 15 member team more than 1800 hours to cut the diamonds and 200 hours for quality control,
10) Roger Dubuis Excalibur Quatuor
Finally on this list of the top 10 most expensive watches in the world is the Roger Dubuis Excalibur Quatuor. Costs $1 million swiss francs which is nearly $1.125 million USD, has a case made of silicon which is four times harder than titanium, and lighter than any titanium. It has a sophisticated RD101 mechanism designed to neutralise the effect of gravity, for more accurate time keeping.