The world’s most exciting, exclusive, and extravagant timepieces are multi-million dollar creations, destined to end up in fiercely guarded private collections if not museums.
Luxury watches are some of the worlds sort after and admired pieces of technology. Combing the best in craftsmanship, history and design, watch prices can soar into the millions.
From a $50 million colourful diamond wristwatch to other record breaking timepieces – watches will always be a timeless investment to go for.
When it comes to looking at some of the finest timepieces in the world, surely there is no time quite like the present.
And we are not talking about any old wristwatch.
These high end hand watches are each handcrafted, some people so skilled they only make one a year.
This is because watches are, at the end of the day, major works of art, precision, physics and engineering in perfect motion.
All high-class watches are mechanical and operate smoothly due to the perfectly placed spring that creates the movement. These are wound by a crown that sticks on the side of the watch that needs to be wound once a day.
The most expensive parts that make up the watch lies within the face of the watch as well as the tourbillion, the axil that increases accuracy and creates balance.
People make personal connections with watches that few other products can match. We use watches every single day.
They are functional, can make a fashion statement, and often have an emotional value that draws in their owners. Those elements combined are what makes wearing a watch such a pleasure.
Yet, watches are collector items and are great for investment. Watch investment is not restricted to luxury brands, because the best watches to invest in are the ones that you love.
Meaning you can go from a high end watches to a value-for-money one in no time.
Why invest in a watch right now? Well, it is simple.
- A good watch will last a lifetime
- A watch makes an elegant addition to any outfit
- They are incredibly collectable and desirable for many people to buy
There are pilot watches, dive watches, field watches, and dress watches. But the world’s most expensive watches are in a class of their own.
They tend to break world records, catch the eye of top collectors, and encourage millionaires and billionaires, members of royal families, and Hollywood A-listers to empty their pockets.
Let’s take a look at some of the most expensive watches in the world to convince you even more why investing in a mechanical timepiece is worth it:
Patek Philippe Ref. 1518 Watches – $11 million
This piece was introduced in 1941 and is the only device that has a calendar split-second chronograph made of steel. The brand remains one of the most expensive and luxurious watch brands in the world.
Even King Farouk, the 10th ruler of Egypt had one of these beauties in 18 karats white gold.
Jacob & Co. Billionaire Watches – $18 million
Now, this is what you call frosting. This billionaire watch is made with 260 karat emerald cut diamonds that are arranged in an inverse pyramid style setting with a bold cut.
Each diamond is held in an 18 karat white gold case and shines bright like the Torben blue centrepiece. Floyd Mayweather and multiple other billionaires own one.
Patek Philippe Henry Graves Super-complication – $24 million
The ultimate pocket watch. This watch belonged to Henry Graves Junior who was a watch enthusiast.
He managed to procure a personalized timepiece with over 20 complications (a feature of the watch that goes beyond the display of hours, minutes and seconds).
The watch face includes a nights sky taken from his home in New York City. It also includes Westminster chimes, a perpetual calendar and sunrise to sunset times.
Breguet No. 160 – $30 million
Described as a clockwork poem this classic pocket watch contains multiple masterpieces to note. Form a perpetual calendar to a thermometer and a repeated chime that took Abraham Louis Breguet over 40 years of trouble and toil.
It was said to have been commissioned by Queen Antoinette’s lover but tragically it was not completed and in 1983 was even stolen. Luckily it was recovered and is back on display at the LA major Museum in Jerusalem.
Graff Diamonds Hallucination – $55 million
Now for the big guns. This head-turner holds 110 karats of coloured diamonds in a mosaic of different cuts and is finished embedded in the watches strap. This bold and bright watch has pink encrusted diamonds in the centre and is considered a statement piece that has changed the face of watchmaking.
It holds the rarest colours of diamonds in the world and it’s not difficult to see why.