Often, we’re faced with the question of why people buy luxury watches? Well, to answer the question, we’ll say there are several reasons for that. One of them is to show that they have made it in the world. Apart from that, people also purchase expensive watches because they appreciate the process of making the devices. Certainly, some timepieces from brands like Rolex can sell, at a price as high as a few thousands of dollars. However, speaking of the most expensive wristwatches, they can cost up to millions of dollars. In case you’re interested in knowing the top 10 most expensive watches in the world, we have a list for you below.
List Of The Top 10 Most Expensive Watches In The World In 2020
10- Vacheron Constantin 57260 ($8 Million)
The Vacheron Constantin 57260, introduced in 2015, is a single complicated mechanical pocket watch. With a price tag of $8 million, the wristwatch sits on the tenth position on our list of top 10 most expensive watches in the world. According to a study, the device is the world’s most complicated watch. That’s because it features 57 complications, including time measurement functions, perpetual calendar functions, alarm functions, and a few others. Interestingly, out of all of them, 10 of the complications were newly introduced by Vacheron Constantin.
9- Patek Philippe Ref. 1518 In Stainless Steel ($11 Million)
Patek Philippe Ref. 1518 in stainless steel, introduced in 1941, sits on the ninth position on our list of top 10 most expensive watches in the world. That’s because of its price tag of $11 million. As of November 2016, it was the world’s most expensive wristwatch, sold on auction. So far, only four units of this model are known, and they feature the chronograph and perpetual calendar functions.
8- Paul Newman Rolex Daytona ($17.8 Million)
Paul Newman Rolex Daytona, introduced in 1968, was sold at a price of $17.8 million. With that, it’s the eighth on the list of top 10 most expensive watches in the world. While the wristwatch didn’t come with a classic design, it managed to catch the eyes of about 400 enthusiasts because of its art deco aesthetic.
7- Jacob & Co. Billionaire Watch ($18 Million)
With a price tag of $18 million, Jacob & Co. Billionaire Watch sits on the seventh position on the list of top 10 most expensive watches in the world. The wristwatch, created in 2018, comes with a 260-carat diamond bracelet having the classic emerald-cut. Apart from that, the timepiece also has 19 jewels, 18K white gold case, and about 167 other components.
6- Patek Philippe Supercomplication ($24 Million)
Patek Philippe Supercomplication, introduced in 1932, is one of the most expensive watches in the world. In 2014, when it went on auction in Switzerland, it was sold at a whopping price of $24 million. Currently, it’s one of the most complicated watches in the world, featuring 24 different complications. Some of them include chronograph, Grande sonnerie or Westminster chimes with carillons, sunrise and sunset times, and many more.
5- Chopard 201-Carat Watch ($25 Million)
Chopard 201-Carat Watch, created in 2014, sits on the fifth position on our list of top 10 most expensive watches in the world. The timepiece comes in different colors, including yellow, blue, and pink, and features 874 high-grade diamonds. Also, its bracelet has three bigger heart-shaped diamonds, including a 12-carat blue, an 11-carat white, a 15-carat pink, and a 163-carat combination of white and canary diamonds.
4- Jaeger-LeCoultre Joaillerie 101 Manchette ($26 Million)
Jaeger-LeCoultre Joaillerie 101 Manchette, created in 2012, is the smallest mechanical movement in the world. With an estimated price tag of $26 million, the timepiece is surely one of the top 10 most expensive watches in the world. Furthermore, it comes with a bracelet, made with pure white gold. Apart from that, it also features about 576 pieces of diamonds and 11 onyx gemstones. Jaeger-LeCoultre presented the luxury wristwatch to Queen Elizabeth II, while she was celebrating 60 years on the throne.
3- The Breguet 1160 ($30 Million)
The legendary Breguet 1160 was commissioned in 1783 for Marie Antoinette but couldn’t go into completion until 1827. With a price tag of $30 million, the timepiece is the third on the list of top 10 most expensive watches in the world. Speaking of its complications, they include a thermometer function, chime, minute repeater function, chronograph function, power reserve function, and many more.
2- Graff Diamonds The Fascination ($40 Million)
Graff Diamonds The Fascination, created in 2015, is a luxury wristwatch that features about 152.96 carats of colorless diamonds. Furthermore, it has a dial at the center, which features a rare 38.13ct D Flawless pear-shaped diamond. It’s also detachable, and users can wear it as a ring. With a price tag of $40 million, the Fascination sits on the second position on the list of top 10 most expensive watches in the world.
1- Graff Diamonds Hallucination ($55 Million)
With a price tag of $55 million, Graff Diamonds Hallucination sits on the first position on this list. The timepiece, introduced in 2014 by Graff, features rare colored diamonds with a total of 110 carats. Furthermore, the Hallucination has a unique design, as its bracelet comes with different shapes, including heart, marquise, and diamond.