World's top 10 most expensive watches

Published July 21st, 2024 - 09:31 GMT

ALBAWABA - With the growing popularity of high-end watches among a new generation of watch collectors and enthusiasts, Swiss watchmakers are adding bold new models to their collections at higher prices. 

These exclusive models distinguish themselves from luxury "boutique" watches by being offered only to wealthy clients who don't think twice about purchasing a watch worth millions of dollars. 

Here is a list of the top 10 most expensive watches in the world:
 

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Priced similarly to the "Jacob & Co. Billionaire" watch, this "Rolex Daytona" was worn by the late American actor Paul Newman. This Rolex dates back to 1968 and was a gift from Newman's wife, Joanne Woodward. It was sold for $17.7 million at an auction in 2017.

This watch features over 260 carats of real diamond cuts, making it a truly distinctive piece. Beneath the diamonds is a white gold casing, and the watch numbers are also made of diamonds, with a power reserve of 72 hours. The "Billionaire" title of the watch is not only due to its price but also to the close friendship and collaboration between "Jacob & Co." founder Jacob Arabo and Formula 1 manager Flavio Briatore. After discussions, Mr. Briatore and his company "Billionaire Lifestyle" became the official licensee of the "Billionaire" watch, strengthening their partnership.

At the "Watches & Wonders" exhibition in Geneva 2023, "Jacob & Co." unveiled the stunning "Billionaire Timeless Treasure Yellow Diamond" watch valued at $20 million. This incredible watch is adorned with a total of 425 Asscher-cut diamonds in fancy yellow and intense yellow colors, making it a masterpiece of luxury and rarity in the world of watches.

As its name suggests, the workings of this pocket watch from "Patek Philippe" are incredibly complex. Named after a banker named Henry Graves who commissioned Philippe to make it, this 18-carat gold watch remains the most complicated hand-made watch in the world, with over 24 different functions. Some of its features include Westminster chimes, a perpetual calendar, sunrise and sunset times, and a celestial map of New York as seen from Graves' apartment on Fifth Avenue.

Bearing close resemblance to the "Graff Diamonds Hallucination," this "Chopard" watch is also made of colored gemstones. It contains 874 diamonds of various colors and sizes, with a central 15.37-carat heart-shaped pink diamond, a 12.79-carat blue diamond, and an 11.36-carat D-color diamond. When the user presses the spring mechanism, it opens like a flower, making it a delight to behold.

The "Joaillerie 101 Manchette" watch was made exclusively for the Queen of England, serving as a bespoke marvel brought to life by Jaeger-LeCoultre. With Queen Elizabeth II being its distinguished owner, this exceptional watch adorned her collection. The "Jaeger-LeCoultre Joaillerie 101 Manchette," a luxurious masterpiece, was sold for an astounding $26 million.

You might wonder who wears pocket watches these days. As it turns out, many would compete for this particular piece, not because it’s a pocket watch, but because it was made for the famous French queen, Marie Antoinette. The pocket watch was a gift commissioned for Breguet by one of her secret admirers. The watch, also known as the "Marie Antoinette," was not completed until 34 years after her death. In 2004, the late Nicolas Hayek, founder of the Swatch Group, ordered its reproduction. The craftsmen faced many challenges in dealing with it, despite examining the original technical drawings in the Breguet Museum archives.

Initially launched in 2014 to celebrate the 175th anniversary of "Patek Philippe," the "Grandmaster Chime" is made of stainless steel. This impressive watch boasts a remarkable array of 20 complications, including five chiming functions. Among these features are two world-first patents: an alarm and a date repeater that elegantly indicates the date on demand. Adding to its allure, the "Grandmaster Chime" has a unique double-faced case design. Owners can customize it in various ways to suit their preferences. In 2019, it was sold for a historic price of $33,616,493.

Containing 114 carats of colorless diamonds, this watch has a diamond drop-shaped dial that can be detached and used as a ring, with the rest functioning as a bracelet. At the heart of the watch is a stunning assembly of 152.96 carats of pure white diamonds, meticulously arranged to perfection. The centerpiece is an extraordinarily rare 38.13-carat pear-shaped diamond, cut and polished by Graff's artisans in their workshops.

"The Hallucination by Graff Diamonds" is a perfect piece for those who appreciate luxury. While its inner workings might not be the sole reason for its price, the watch contains 110 carats of exceptionally rare colored diamonds. John Graff, along with a team of gemologists and skilled craftsmen, invested thousands of hours into designing this masterpiece. The "Graff Hallucination" debuted in 2014 and took the world by storm, instantly becoming the most expensive watch ever made. Its assembly is a marvel, with diamonds and rare stones precisely set in a captivating rainbow design, and the platinum bracelet showcasing a spectrum of colors, including stunning shades of pink, blue, green, yellow, and orange.

10. "Paul Newman Rolex Daytona" valued at $17.7 million
9. Jacob & Co. Billionaire Watch valued at $18 million
8. Jacob & Co. Billionaire Timeless Treasure valued at $20 million
7. Patek Philippe Supercomplication valued at $24 million
6. Chopard 201 Carat valued at $25 million
5. Jaeger-LeCoultre Joaillerie 101 Manchette valued at $26 million.
4. Breguet No. 160 valued at $30 million
3. Patek Philippe Grandmaster Chime valued at $33.6 million
2. Graff Diamonds The Fascination valued at $40 million
1. Graff Diamonds Hallucination valued at $55 million
10. "Paul Newman Rolex Daytona" valued at $17.7 million
Priced similarly to the "Jacob & Co. Billionaire" watch, this "Rolex Daytona" was worn by the late American actor Paul Newman. This Rolex dates back to 1968 and was a gift from Newman's wife, Joanne Woodward. It was sold for $17.7 million at an auction in 2017.
9. Jacob & Co. Billionaire Watch valued at $18 million
This watch features over 260 carats of real diamond cuts, making it a truly distinctive piece. Beneath the diamonds is a white gold casing, and the watch numbers are also made of diamonds, with a power reserve of 72 hours. The "Billionaire" title of the watch is not only due to its price but also to the close friendship and collaboration between "Jacob & Co." founder Jacob Arabo and Formula 1 manager Flavio Briatore. After discussions, Mr. Briatore and his company "Billionaire Lifestyle" became the official licensee of the "Billionaire" watch, strengthening their partnership.
8. Jacob & Co. Billionaire Timeless Treasure valued at $20 million
At the "Watches & Wonders" exhibition in Geneva 2023, "Jacob & Co." unveiled the stunning "Billionaire Timeless Treasure Yellow Diamond" watch valued at $20 million. This incredible watch is adorned with a total of 425 Asscher-cut diamonds in fancy yellow and intense yellow colors, making it a masterpiece of luxury and rarity in the world of watches.
7. Patek Philippe Supercomplication valued at $24 million
As its name suggests, the workings of this pocket watch from "Patek Philippe" are incredibly complex. Named after a banker named Henry Graves who commissioned Philippe to make it, this 18-carat gold watch remains the most complicated hand-made watch in the world, with over 24 different functions. Some of its features include Westminster chimes, a perpetual calendar, sunrise and sunset times, and a celestial map of New York as seen from Graves' apartment on Fifth Avenue.
6. Chopard 201 Carat valued at $25 million
Bearing close resemblance to the "Graff Diamonds Hallucination," this "Chopard" watch is also made of colored gemstones. It contains 874 diamonds of various colors and sizes, with a central 15.37-carat heart-shaped pink diamond, a 12.79-carat blue diamond, and an 11.36-carat D-color diamond. When the user presses the spring mechanism, it opens like a flower, making it a delight to behold.
5. Jaeger-LeCoultre Joaillerie 101 Manchette valued at $26 million.
The "Joaillerie 101 Manchette" watch was made exclusively for the Queen of England, serving as a bespoke marvel brought to life by Jaeger-LeCoultre. With Queen Elizabeth II being its distinguished owner, this exceptional watch adorned her collection. The "Jaeger-LeCoultre Joaillerie 101 Manchette," a luxurious masterpiece, was sold for an astounding $26 million.
4. Breguet No. 160 valued at $30 million
You might wonder who wears pocket watches these days. As it turns out, many would compete for this particular piece, not because it’s a pocket watch, but because it was made for the famous French queen, Marie Antoinette. The pocket watch was a gift commissioned for Breguet by one of her secret admirers. The watch, also known as the "Marie Antoinette," was not completed until 34 years after her death. In 2004, the late Nicolas Hayek, founder of the Swatch Group, ordered its reproduction. The craftsmen faced many challenges in dealing with it, despite examining the original technical drawings in the Breguet Museum archives.
3. Patek Philippe Grandmaster Chime valued at $33.6 million
Initially launched in 2014 to celebrate the 175th anniversary of "Patek Philippe," the "Grandmaster Chime" is made of stainless steel. This impressive watch boasts a remarkable array of 20 complications, including five chiming functions. Among these features are two world-first patents: an alarm and a date repeater that elegantly indicates the date on demand. Adding to its allure, the "Grandmaster Chime" has a unique double-faced case design. Owners can customize it in various ways to suit their preferences. In 2019, it was sold for a historic price of $33,616,493.
2. Graff Diamonds The Fascination valued at $40 million
Containing 114 carats of colorless diamonds, this watch has a diamond drop-shaped dial that can be detached and used as a ring, with the rest functioning as a bracelet. At the heart of the watch is a stunning assembly of 152.96 carats of pure white diamonds, meticulously arranged to perfection. The centerpiece is an extraordinarily rare 38.13-carat pear-shaped diamond, cut and polished by Graff's artisans in their workshops.
1. Graff Diamonds Hallucination valued at $55 million
"The Hallucination by Graff Diamonds" is a perfect piece for those who appreciate luxury. While its inner workings might not be the sole reason for its price, the watch contains 110 carats of exceptionally rare colored diamonds. John Graff, along with a team of gemologists and skilled craftsmen, invested thousands of hours into designing this masterpiece. The "Graff Hallucination" debuted in 2014 and took the world by storm, instantly becoming the most expensive watch ever made. Its assembly is a marvel, with diamonds and rare stones precisely set in a captivating rainbow design, and the platinum bracelet showcasing a spectrum of colors, including stunning shades of pink, blue, green, yellow, and orange.

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