The Most Expensive Watches of all Time (2024 Update)

The Graff Diamonds Hallucination, the world’s most expensive watch, is a fusion of meticulous craftsmanship, history, and a status symbol that traverses beyond mere timekeeping.

Its steep price is due to its internal mechanics, as well as elements such as the materials used, its exclusivity in design, and the labor-intensive production process involved in making it.

Luxury Brands like Patek Philippe, Audemars Piguet, Vacheron Constantin, and Rolex have also solidified their positions at the apex of watchmaking. They’re highly coveted for their precision, quality, storied pasts, and symbolic prestige.

The blog below covers the most expensive watches, record-breaking sales, and more.

Most Expensive Watches in the World

Here are some of the luxury timepieces that command astronomical prices in 2024:

1. Graff Diamonds Hallucination – Colored Diamonds, Pink Dial

Graff Diamonds Hallucination
  • Selling Price: S$74,838,500
  • Private Market Price: S$86,110,000
  • Pre-Owned Price: S$100,000,000+

They include a bezel covered in pink diamonds, a platinum bracelet covered in precious colored diamonds such as Fancy Intense Blue, Fancy Intense Pink, Fancy Orange, Fancy Vivid Yellow, and Fancy Green cut in various shapes, a quartz movement, a dial covered in pink diamonds, and a tongue clasp that’s hidden when the watch is fastened around the wrist.

  • Production Year: 2014
  • Case Size: Unknown
  • Materials
    • Dial: Pink, with pink diamonds and blue hands
    • Bracelet: Platinum, covered in an array of colored diamonds cut in various shapes and with a tongue clasp that’s unfastened by putting pressure on a single diamond
    • Bezel: Fixed, smooth, white gold, covered in pink diamonds
  • Function: Hours, Minutes
  • Mechanism: Quartz

It’s a wearable work of art that transcends the mere telling of time to become an heirloom of unmatched splendor. Additionally, it has retained its value well since its production and fetches a good profit on the pre-owned market.

About

The Hallucination watch by Graff Diamonds is a ladies’ watch that’s a spectacle of luxury, renowned for being the most expensive (quartz) watch in the world as of 2024. It’s crafted with a meticulous selection of rare colored diamonds-weighing 110 carats in total- resulting in a stunning display of opulence and precision.


2. Graff Diamonds Fascination – White Diamonds, White Dial

Graff Diamonds Fascination
  • Selling Price: S$54,428,000
  • Private Market Price: S$72,160,800
  • Pre-Owned Price: S$95,245,176+

They include a detachable pear-shaped white diamond dial (38.13 carats) that doubles as a ring, a bezel covered in diamonds, a body covered in white diamonds (152.96 carats), a body that doubles as a singular bracelet, and blue hands on the dial.

  • Production Year: 2015
  • Case Size: Unknown
  • Materials
    • Dial: White, with white diamonds and blue hour and minute hands
    • Bracelet: Capable of standalone use, adorned with brilliant-cut diamonds
    • Bezel: Encrusted with premium quality diamonds
  • Function: Hours, Minutes
  • Mechanism: Quartz

An investment in it represents not only a financial commitment but also an acquisition of a timeless piece of artistry anticipated to hold its value due to its rare and exclusive nature.

About

The Diamonds Fascination is a premium luxury watch that continues the brand’s obsession with diamonds. It succeeded the Graff Diamonds Hallucination- stepping into the horological limelight a year after its predecessor. As expected, it boasts some exciting features that make it the ideal accessory for the modern collector with a taste for glittering sophistication.


3. Patek Philippe Grandmaster Chime – Stainless Steel, Rose Gold Dial ref. 6300A-010

Patek Philippe Grandmaster Chime ref. 6300A-010
  • Selling Price: S$42,181,700
  • Private Market Price: S$56,960,850
  • Pre-Owned Price: S$80,000,000+

The main ones are a front rose gold dial with a hobnail guilloche engraved by a hand-operated rose engine, a dual-dial that’s switched using reversible lugs, a case with a clous de Paris pattern, a power reserve indicator for the movement at 9 o’clock, and a power reserve indicator for the grande sonnerie at 3 o’clock.

  • Production Year: 2014
  • Case Size: 47.4mm
  • Materials
    • Dial: Rose gold, with black hands and applied Breguet Arabic numeral hour markers (main) and a full calendar display (reverse)
    • Bracelet: Black hand-stitched alligator leather strap with a foldover clasp
    • Bezel: Fixed, smooth, stainless steel
  • Function: Hours, Minutes, Perpetual Calendar, Alarm, Power Reserve Indicator
  • Mechanism: Manually wound Caliber 300 GS AL 36-750 QIS FUS IRM mechanical movement with a 72-hour power reserve and a 25,200vph frequency

It has an allure among most collectors due to its rarity, exceptional craftsmanship, and complex mechanism, making it a highly sought-after investment piece.

About

The Grandmaster Chime is a luxury men’s wristwatch created to celebrate the brand’s 175th anniversary in 2014. It’s also the brand’s most complicated timepiece and with 20 complications, it’s easy to understand why it stands at the apex of Patek Philippe’s engineering and artistic prowess and sold for a staggering S$42,181,700 at a Christie’s Only Watch 2019 charity auction.


4. Breguet Grande Complication Marie-Antoinette – Yellow Gold, Skeletonized Dial ref. 1160

Breguet Grande Complication Marie-Antoinette ref. 1160
  • Selling Price: S$40,806,000
  • Private Market Price: S$69,715,912
  • Pre-Owned Price: S$90,000,000+

They include a skeletonized dial, Roman numeral hour markers, glasses for the dial and case crafted from rock crystal, a date display at 2 o’clock, a day display at 6 o’clock, and a month display at 8 o’clock.

  • Production Year: 2008
  • Case Size: 63mm
  • Materials
    • Dial: Skeletonized, with blackened hands and white Roman numeral hour markers
    • Chain: Consistent with its design
    • Bezel: Fixed, smooth, yellow gold
  • Function: Hours, Minutes, Seconds, Perpetual Calendar, Power Reserve Indication, Equation of Time, Mechanical Thermometer, Minute Repeater
  • Mechanism: Self-winding Breguet mechanism

Investing in it is an opportunity to own a piece of recreated history, an heirloom that epitomizes horological magnificence and showcases an unparalleled level of detail and craftsmanship.

About

The Grande Complication Marie-Antoinette is a breathtaking demonstration of Breguet’s dedication to horological art. It’s a homage to the fabled pocket watch originally conceived for the French queen by her suitor and officer in her high guard, Count Axel de Farson. It stands as a symbol of watchmaking excellence.


5. Jaeger-LeCoultre Joaillerie 101 Manchette – White Gold, Sapphire Dial

Jaeger-LeCoultre Joaillerie 101 Manchette
  • Selling Price: S$35,365,200
  • Private Market Price: S$51,118,114
  • Pre-Owned Price: S$76,345,990+

They include a miniature movement, a dial made of sapphire glass, a bracelet made of white gold adorned with 576 diamonds and 11 onyx gemstones, a thin design, and black hands.

  • Production Year: 2012
  • Case Size: Unknown
  • Materials
    • Dial: Sapphire, with black hour and minute hands
    • Bracelet: White gold, adorned with 576 diamonds and 11 onyx gemstones
    • Bezel: Fixed, smooth, white gold
  • Function: Hours, Minutes
  • Mechanism: Manual-winding Caliber 101 movement

An investment in it transcends mere aesthetics; it’s an investment in a piece of horological history, revered for its artistry and value.

About

The Joaillerie 101 Manchette is an extraordinary ladies’ timepiece that encapsulates the essence of high jewelry and horological artistry. Originally made for Queen Elizabeth II’s Diamond Jubilee, it continues to symbolize the brand’s commitment to precision and elegance.


6. Chopard 201-Carat Watch – Colored Diamonds, Yellow Dial

Chopard 201-Carat Watch
  • Selling Price: S$34,005,000
  • Private Market Price: S$62,119,767
  • Pre-Owned Price: S$96,114,000+

Its standout features are a body covered in 874 high-grade colored diamonds, a yellow gold dial, three heart-shaped diamonds (a 15-carat Flawless Fancy Pink diamond, a 12-carat Fancy Blue diamond and a Flawless D-Color 11-carat) that open like flower petals and reveal the pavé-set watch face, brown hands on the dial, and a special mechanism on the bracelet that’s pressed to open the three diamonds to reveal the time.

  • Production Year: 2000
  • Case Size: Unknown
  • Materials
    • Dial: Yellow, pavé-set, with brown hour and minute hands
    • Bracelet: The bracelet is adorned with diamonds and has a special mechanism you press to open up the three heart-shaped diamonds to reveal the time
    • Bezel: Diamond-set
  • Function: Hours, Minutes
  • Mechanism: Quartz movement

Its rarity, intricate craftsmanship, and sheer volume of precious stones make it a valuable collector’s item.

About

The 201-Carat Watch is one of those ladies’ timepieces whose names hint at their makeup. It’s reminiscent of a chunk of delicious, colorful candy (eye candy, in this case) and showcases a unique combination of high-end horology and extravagant jewelry design. 

It captures attention not only for its value but also for its exquisite appearance and the multitude of colored diamonds that adorn it- worth 201 carats in total!


7. Patek Philippe Henry Graves Supercomplication – Yellow Gold, White Dial ref. 198.385

Patek Philippe Henry Graves Supercomplication ref. 198.385
  • Selling Price: S$32,644,800
  • Private Market Price: S$56,119,061
  • Pre-Owned Price: S$84,440,655+

This gold pocket watch boasts 24 complications, dials that aren’t set into the case, a second dial that shows a 24-hour display, two subdials that indicate sunrise and sunset, a register at 6 o’clock that shows the equation of time, and a stunning sky chart- all calibrated specifically to the New York City home of Henry Graves Jr. at 64th Street and 5th Avenue, black Roman numerals on the first dial, and a 74mm Yellow Gold case.

  • Production Year: 1925-1932
  • Case Size: 74mm
  • Materials
    • Dial: White, with blued hands and Roman numerals (first dial) and blued hands and a 24-hour display, three subdials, and a stunning sky chart (second dial)
    • Chain: Yellow gold chain
    • Bezel: Fixed, smooth, yellow gold
  • Function: Split Seconds Chronograph, Grande and Petite Sonnerie, Westminster Chimes, Perpetual Calendar, Sunrise and Sunset Times, Celestial Map, Alarm Clock, Moon Phases
  • Mechanism: Internal mechanism is a work of art featuring 920 parts

As a historical piece that once held the title of the most complicated watch, this complicated pocket watch is not only a collector’s item but an investment in the legacy of fine watchmaking. Its record-breaking auction sale solidifies its value and desirability among aficionados.

About

The Patek Philippe Henry Graves Supercomplication stands as a pinnacle of watchmaking ingenuity, named after its commissioner, the eminent American banker Henry Graves Jr. It’s not merely a timekeeping device but a symbol of luxury and the quest for watchmaking perfection.


8. Jacob & Co. Billionaire Ashoka – White Gold, Skeletonized Dial ref. BL121.30.BD.UD.A30BD

Jacob & Co. Billionaire Ashoka ref. BL121.30.BD.UD.A30BD
  • Selling Price: S$24,483,600
  • Private Market Price: SS$37,116,545
  • Pre-Owned Price: S$51,833,981+

The main ones are sapphire crystals with anti-reflective treatment used on the glass and caseback, a crown at 3 o’clock with a conical rose-cut diamond, skeletonized hands, an open-worked dial that reveals a tourbillon movement within, and a case made from white gold.

  • Production Year: 2021
  • Case Size: 53mm x 40mm
  • Materials
    • Dial: Skeletonized, with skeletonized hands and diamond-fitted hour markers
    • Bracelet: Made entirely of 18K white gold and decorated with 252 Ashoka-cut diamonds
    • Bezel: Continues the theme with the same exquisite material and diamond embellishments
  • Function: Hours, Minutes
  • Mechanism: Caliber JCAM23 manual-wind skeletonized tourbillon with a 72-hour power reserve and a 21,600vph frequency

Investing in it isn’t just a financial decision but an acquisition of a wearable work of art. Its rarity, craftsmanship, and exclusive materials make it an appreciating asset and a showpiece for any collector.

About

The Billionaire Ashoka is a statement of Jacob & Co’s fine jewelry and watchmaking prowess. As its name suggests, it has a body covered in magnificent Ashoka diamonds with 62 facets.

Fun fact: The diamonds are named after the benevolent and skillful Mauryian dynasty emperor Ashoka.


9. Paul Newman Cosmograph Daytona – Stainless Steel, Panda Dial ref. 6239

Paul Newman Daytona ref. 6239
  • Selling Price: S$23,939,520
  • Private Market Price: S$40,009,750
  • Pre-Owned Price: S$80,000,000+

The main ones are an acrylic crystal over the dial, a solid caseback with the message ‘DRIVE CAREFULLY ME’, an exotic Panda dial with block markers and an Art Deco style font, an Oyster bracelet featuring flat three-piece links, and a bezel with an engraved tachymeter scale.

  • Production Year: 1963-1969
  • Case Size: 36mm
  • Materials
    • Dial: “Panda”, with steel-tone hands and block hour markers
    • Bracelet: stainless steel, Oyster
    • Bezel: Fixed, smooth, stainless steel, engraved with a tachymeter scale
  • Function: Chronograph, Hours, Minutes, Seconds, Tachymeter
  • Mechanism: Valjoux 722 manual wind movement with an 18,000vph frequency

For collectors, its historical significance, prominent connection to Paul Newman, and rarity justify it as a strong investment with an escalating resale price that keeps increasing.

About

The Paul Newman Daytona is a discontinued luxury men’s sports watch. This expensive Rolex watch gained legendary status in horology circles, largely due to its association with the esteemed American actor and racer Paul Newman. It was a gift to him from his wife Joanne Woodward, who engraved a heartwarming message on its caseback.


10. Patek Philippe Perpetual Calendar Chronograph – Stainless Steel, White Dial ref. 1518

Patek Philippe Perpetual Calendar Chronograph ref. 1518
  • Selling Price: S$15,098,220
  • Private Market Price: S$24,870,000
  • Pre-Owned Price: S$76,166,844+

The main ones are a see-through caseback, Arabic numeral hour markers at 12,1,2,4,8,10 and 11, day and month display windows under 12 o’clock, a date/moon phase display at 6 o’clock, chronograph subdials at 3 and 9 o’clock, and a stainless steel mesh bracelet.

  • Production Year: 1941
  • Case Size: 35mm
  • Materials
    • Dial: Enamel white, with silver-tone hands and Arabic numeral hour markers at 12,1,2,4,8,10 and 11 o’clock
    • Bracelet: Stainless steel, mesh
    • Bezel: Fixed, smooth, stainless steel
  • Function: Hours, Minutes, Small Seconds, Perpetual Calendar, Moon Phase Display, Chronograph, Tachymeter
  • Mechanism: Manual winding 13”’130 Q movement with 23 jewels and a 42-hour power reserve

Only four stainless steel versions have ever been made, making it extremely rare. This appeals to most watch collectors. Moreover, depending on its condition, it fetches a higher price on the pre-owned market (almost four times more than its retail price!).

About

This perpetual calendar chronograph is a unisex luxury sports piece that represents a pinnacle in watchmaking. Initially introduced in 1941, it has gained stature as a rare collectible due to its groundbreaking integration of a perpetual calendar with a chronograph. It was also the first watch from the brand with a stainless steel case—at a time when diamond and rose gold watches reigned supreme.


11. Piaget Emperador Temple – Diamonds, Mother of Pearl Dial

Piaget Emperador Temple
  • Selling Price: S$4,760,700
  • Private Market Price: S$22,135,987
  • Pre-Owned Price: S$51,678,111

The main ones are a temple-style ziggurat design that allows it to open twice: The first over a mother-of-pearl and diamond face, and the other with a larger face containing tourbillon and power indicator, a Polynesian mother-of-pearl dial set with 162 brilliant-cut diamonds and 11 baguette-cut diamonds, a bracelet set with 350 baguette-cut diamonds, stick index hour markers at 2,4,6,8 and 10 o’clock, and 481 brilliant-cut diamonds and 207 baguette-cut diamonds and a large emerald-cut diamond on the center of the case.

  • Production Year: 2019
  • Case Size: Unknown
  • Materials
    • Dial: Polynesian mother of pearl with gray-tone hands and stick index hour markers at 2,4,6,8 and 10 o’clock
    • Bracelet: The bracelet is as much a jewel as it is a timepiece component
    • Bezel: Set with 350 baguette-cut diamonds
  • Function: Hours, Minutes
  • Mechanism: Tourbillon movement

It’s produced in a limited 1,000-piece number, making it a must-have among most watch collectors. Additionally, due to its exclusivity and craftsmanship, it retains its value well and can even appreciate in value.

About

The Emperador Temple may be the least expensive timepiece on our list, but that doesn’t mean it’s less impressive. On the contrary, it stands out as a beacon of luxury and meticulous craftsmanship. It commands attention with its impressive adornment of diamonds and an elegant mother-of-pearl dial that does more than look pretty.


Summary

The following table highlights the most expensive watches above, plus their key features, selling, private market, and pre-owned prices:

Model

Key Features

Selling Price

Private Market Price

Pre-Owned Price

Graff Diamonds Hallucination

  • Bezel covered in pink diamonds
  • Platinum bracelet covered in precious colored diamonds such as Fancy Intense Blue, Fancy Intense Pink, Fancy Orange, Fancy Vivid Yellow, and Fancy Green cut in various shapes
  • Dial covered in pink diamonds

S$74,838,500

S$86,110,000

S$100,000,000+

Graff Diamonds Fascination

  • Detachable pear-shaped white diamond dial (38.13 carats) that doubles as a ring, a bezel covered in diamonds
  • Body covered in white diamonds (152.96 carats)
  • Body that doubles as a singular bracelet

S$54,428,000

S$72,160,800

S$95,245,176+

Patek Philippe Grandmaster Chime ref. 6300A-010

  • Front rose gold dial with a hobnail guilloche engraved by a hand-operated rose engine
  • Dual-dial that’s switched using reversible lugs
  • Case with a clous de Paris pattern

S$42,181,700

S$56,960,850

S$80,000,000+

Breguet Grande Complication Marie-Antoinette ref. 1160

  • Skeletonized dial
  • Roman numeral hour markers
  • Glasses for the dial and case crafted from rock crystal

S$40,806,000

S$69,715,912

S$90,000,000+

Jaeger-LeCoultre Joaillerie 101 Manchette

  • Miniature movement
  • Dial made of sapphire glass
  • Bracelet made of white gold adorned with 576 diamonds and 11 onyx gemstones

S$35,365,200

S$51,118,114

S$76,345,990+

Chopard 201-Carat Watch

  • Body covered in 874 high-grade colored diamonds
  • Three heart-shaped diamonds (a 15-carat Flawless Fancy Pink diamond, a 12-carat Fancy Blue diamond and a Flawless D-Color 11-carat) that open like flower petals and reveal the pavé-set watch face
  • Special mechanism on the bracelet that’s pressed to open the three diamonds to reveal the time

S$34,005,000

S$62,119,767

S$96,114,000

Patek Philippe Henry Graves Supercomplication ref. 198.385

  • Dials that aren’t set into the case
  • Second dial that shows a 24-hour display, two subdials that indicate sunrise and sunset, a register at 6 o’clock that shows the equation of time, and a stunning sky chart
  • 74mm Yellow Gold case

S$32,644,800

S$56,119,061

S$84,440,655+

Jacob & Co. Billionaire Ashoka ref. BL121.30.BD.UD.A30BD

  • Sapphire crystals with anti-reflective treatment used on the glass and caseback
  • Crown at 3 o’clock with a conical rose-cut diamond
  • Skeletonized hands

S$24,483,600

S$37,116,545

S$51,833,981+

Paul Newman Cosmograph Daytona ref. 6239

  • Acrylic crystal over the dial
  • Solid caseback with the message ‘DRIVE CAREFULLY ME’
  • Exotic Panda dial with block markers and an Art Deco style font,

S$23,939,520

S$40,009,750

S$80,000,000+

Patek Philippe Perpetual Calendar Chronograph ref. 1518

  • Arabic numeral hour markers at 12,1,2,4,8,10, and 11
  • Day and month display windows under 12 o’clock
  • Date/moon phase display at 6 o’clock

S$15,098,220

S$24,870,000

S$76,166,844+

Piaget Emperador Temple

  • Temple-style ziggurat design that allows it to open twice: The first over a mother-of-pearl and diamond face, and the other with a larger face containing tourbillon and power indicator
  • Polynesian mother-of-pearl dial set with 162 brilliant-cut diamonds and 11 baguette-cut diamonds
  • Bracelet set with 350 baguette-cut diamonds

S$4,760,700

S$22,135,987

S$51,678,111+

Record-Breaking Sales

The realm of high-end watches has witnessed several record-breaking sales at auctions. These timepieces, often fetching millions of dollars, are prized for their rarity, craftsmanship, and the stories they carry.

Here are some of the most expensive watches ever sold at auction:

Factors Influencing Value

Several factors influence the value of the watches with record-breaking sales at auction:

  • Rarity: Limited production or unique pieces are highly sought after by collectors.
  • Provenance: Watches with historical significance or famous previous owners command higher prices.
  • Craftsmanship: Exceptional skill and intricate complications contribute to a watch’s value.
  • Condition: Preservation and original features are crucial for collectors.

Collectors and Connoisseurs

Watch collecting is a pursuit driven by a blend of passion and precision. Collectors seek luxurious timepieces for various reasons, from their intricate craftsmanship to the status they convey. 

To a connoisseur, these watches are multifaceted treasures that serve both as functional art and a testament to the pinnacle of horological achievement.

The following are key factors that play a major role in watch collecting:

Investment Potential

A significant aspect of collecting is the investment value. Enthusiasts often view the most expensive watches as vehicles for financial appreciation. Brands like Patek Philippe are celebrated for their craftsmanship and ability to retain and, often, increase in value over time.

Heirloom Quality

Many collectors purchase these timepieces with the future in mind, considering them heirlooms to be passed down through generations. High-caliber watches’ longevity and timeless design enhance their appeal as items of inheritance and familial legacy.

Collectors’ Focus

Why It Matters

Historical Significance

Watches with a significant past command respect and high prices in auctions.

Exclusivity and Rarity

Limited edition pieces or rare finds offer a unique appeal

Mechanical Ingenuity

The complexity and innovation of the watch movement are highly valued

Aesthetics and Craftsmanship

Each watch is appreciated for its design and the skill required to create it

In this landscape, collectors are not merely acquiring watches; they are guardians of history and patrons of an age-old art form. 

They engage in a careful selection process, often consulting with experts or participating in auctions, to find pieces that resonate with their taste and meet discerning value standards.

Some notable people who have worn some of the above watches are:

  • Rappers Jay-Z and Drake have worn the Patek Philippe Grandmaster Chime 6300A-010 as a symbol of their success and appreciation for fine craftsmanship.

Iconic boxer Floyd Mayweather owns the Jacob & Co. Billionaire Ashoka watch not just to prove his taste for the best, but to prove his high-class status.

FAQs

1. Why is Patek Philippe so expensive?

Patek Philippe timepieces command high prices due to their exclusivity and craftsmanship. Each watch is the result of extensive labor, often involving hundreds of hours of meticulous hand-finishing.

For instance, the Patek Philippe Worldtimer Guilloché Ref. 2523/1 reached a value of S$7,481,100, reflecting its rarity and the prestige associated with the brand’s history of innovation in watchmaking.

2. Why Rolex is so expensive?

Rolex watches are prized for their durability and brand status. They employ high-quality materials such as 904L stainless steel and feature in-house movements that require detailed manual assembly. 

Historical significance also plays a role; for example, the 1951 Rolex Dato-Compax Chronograph Watch owned by Jean-Claude Killy was sold for S$835,843, indicating the value attached to Rolex’s heritage.

Final Word

These epitomes of luxury go beyond their fundamental role as timekeepers; they represent the zenith of human ingenuity in watchmaking, merging art with technical prowess. Collectors and enthusiasts regard them not as mere objects but as legacies wrapped around the wrist.

Key Takeaways

  • The most expensive watches are often limited edition or unique pieces, making them highly sought after by collectors and enthusiasts. For instance, the Patek Philippe Stainless Steel ref. 1518 is one of only four known in existence.
  • Watches from renowned brands such as Patek Philippe, Vacheron Constantin, Rolex, and Audemars Piguet frequently dominate the list of top-priced timepieces. These brands are synonymous with luxury, and their watches are regarded as status symbols.
  • The value of luxury watches is greatly influenced by the quality of craftsmanship and the materials used. They often feature precious metals and gemstones, intricate hand-finished details, and proprietary mechanical movements.

Looking to buy or sell your luxury watches? Watch Book is your one-stop destination for trading Rolex, Patek Philippe, Tissot, Sinn, Zenith, and other luxury timepieces. Find your next watch today or list your item for free!

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