Are expensive watches worth it?

The most expensive watch in the world

What is the most expensive watch in the world?

We are all aware that a good watch can cost us a decent amount, but let's not the most expensive watches in the world even a five-figure amount can seem like a no brainer. Whether studded with diamonds or exquisitely created for the nobility, these watches can easily break into the multi-million dollar category. Of course, price isn't the only reason to admire these luxurious timepieces. We'll show you the ten most expensive watches in the world. (Also Read: These Are The Most Googled Watches Of 2020)

Why can clocks reach such astronomical prices?

The brand plays a crucial role in the level of the price. Brands such as Chopard, Rolex, Patek Philippe or Cartier rely on high quality and use gold, diamonds or other valuable materials. In the case of watches with many complications, i.e. the additional functions of the movement, the price can also quickly skyrocket. But the shortage of a series also makes watches costly, as a lot of value is often placed on craftsmanship and creative work. But the most interesting factor in the price of a watch is still its history, which is often related to a prominent owner or a watch that was thought to be lost. We promise the price of the most expensive watch in the world will leave you speechless. (Also read: These 10 Rolex models are especially worth buying in 2020)

These are the 10 most expensive watches in the world

10th place: Patek Philippe Ref. 1518, $ 11 million

The Patek Philippe 1518, which was auctioned for just over 11 million US dollars (around 9.8 million euros), ranks eighth on the list of the most expensive watches in the world. The timepiece is part of a very limited four-part series. The luxury watch, created in 1941, is so rare because of its case. While most Patek luxury watches are made from yellow or rose gold, this one is made from stainless steel. (Also interesting: How Omega's watches shaped James Bond films, the Olympic Games and even the moon landing)

9th place: Rolex Cosmograph Daytona “Paul Newman”, $ 17.7 million

The Rolex that Paul Newman received from his wife Joanne Woodward is considered a holy grail watch among collectors and fans of the actor. But even the most passionate watch collectors could not imagine how much this Rolex would achieve at auction. It is engraved with the message "Drive Carefully" relating to Paul Newman's love of racing. But it was lost more than 30 years ago and it did not appear again until 2016. (Read here: Rolex - Everything You Need To Know About The Swiss Luxury Watch Brand)

Paul Newman's Rolex Daytona, which had been missing since 1984, appeared two years ago.

© Getty Images

A year later, the historic watch was auctioned off with a starting price of one million dollars. After a few minutes, the watch was sold for $ 17,752,500 (around 15.3 million euros), making it the one most expensive Rolex watch in this Top 10. The money went to the foundation that Paul Newman's daughter had set up after her famous father died from cancer. (The most expensive Rolex watch by list price, however, is a different one - and is worn by Cristiano Ronaldo)

8th place: Jacob & Co. Billionaire, $ 18 million

This Jacob & Co. watch is called the “Billionaire Watch” for a reason. When you pay $ 18 million, you get a truly luxurious watch with 260-carat emerald-cut diamonds and a stylish skeleton face. (Also interesting: Jaeger-LeCoultre & Breguet: The iconic clocks from the Batman films)

7th place: Patek Philippe Henry Graves Supercomplication, $ 24 million

The most expensive Patek Philippe watch in the world is the "Supercomplication", which was developed for Henry Graves Jr. worth 24 million dollars (around 21.4 million euros). This intricate (and entirely man-made) clock features 24 complications, includes a perpetual calendar, and displays sunrise and sunset times, as well as a sky map based on the night sky over Grave's house in New York. (Also read: Rolex, Tudor & Co .: Manufacturers postpone new watch releases due to Corona)

6th place: Chopard 201-carat, $ 25 million

The name of this incredible watch makes it clear why it is worth $ 25 million. The 201-carat watch designed by Chopard consists of a 15-carat pink, a 12-carat blue and an 11-carat white diamond, as well as a further 163-carat white and yellow diamonds. (Also interesting: you want to buy your first luxury watch? You have to follow these rules)

5th place: Jaeger-LeCoultre Joaillerie 101 Manchette, $ 26 million

The fourth place of the most expensive watches goes to the Jaeger-LeCoultre Joaillerie 101 Manchette. The watch, which is said to have been given to Queen Elizabeth II for her 60th anniversary, consists of many individual squares adorned with almost 600 diamonds. Another special feature: It is considered the smallest mechanical watch in the world.

4th place: Breguet Marie-Antoinette Grande Complication, $ 30 million

In addition to being an incredible timepiece, the Breguet Grande Marie-Antoinette has a fascinating history. The pocket watch, valued at 30 million dollars (around 26.7 million euros), was commissioned in 1782 by an alleged lover of the French Queen Marie-Antoinette. It was later exhibited in a museum in Jerusalem until it was stolen in 1983 and only reappeared in 2007.

3rd place: Patek Philippe Grandmaster Chime Ref. 6300A-010, $ 31 million

Third place among the most expensive watches again went to a Patek Philippe. The Grandmaster Chime was sold to an unknown bidder at a charity auction by Christie's in November 2019 for around $ 31 million. So that is Patek Philippe also the most expensive watchthat was ever auctioned.

2nd place: Graff Diamonds The Fascination, $ 40 million

This $ 40 million watch with the title "The Fascination" consists of 152.96 carats of white diamonds and includes a central 38.13 carat, pear-shaped diamond that can be detached into a ring.

# 1: Graff Diamonds Hallucination, $ 55 million

Not only does the title of the second most expensive watch go to Graff Diamonds, but also that for them most expensive watch in the world 2020: the unbelievable "hallucination". The masterpiece, priced at $ 55 million (around 49 million euros), consists of over 110 carats of colored diamonds set in a platinum bracelet. (Also Read: These 7 Things Make Rich People Different)

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