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We no longer rely on clocks to measure time. Nevertheless, trade with them is flourishing. For many people, a luxury watch is a collector’s item, for some it is an opportunity to invest their capital. The most popular are – paradoxically – the higher-priced models. And to be clear, when we talk about the higher price range, we mean really high prices. How much? See for yourself! Below is a list of the 10 most expensive watches in the world.
The most expensive watch in the world is offered by the famous brand Graff Diamonds. She presented it at the Baselworld watch fair in 2014. It costs $55 million. (approx. PLN 217 million). According to GQ magazine, it features over 110 carats of colored diamonds set in a platinum bracelet.
The high price of the watch is primarily due to the large variety of diamond cuts on the bracelet. According to American jewelry retailer Tiffany & Co, the cut is more important than anything else to the beauty of a gemstone.
2. Title: Graff Diamonds The Fascination
Second place also went to the British jeweler Graff Diamonds. The model, called “The Fascination,” costs $40 million. (approx. PLN 158 million) and, according to the German-language magazine “Handelsblatt”, consists of white diamonds weighing 152.96 carats and a central diamond weighing 38.13 carats. The next diamond is arranged in a ring around the dial and can be removed from the setting and worn as a ring.
The value of diamonds is not determined by their size, but by their weight. It is measured in carats, with 1 carat equal to 0.2 grams.
3rd place: Patek Philippe Grandmaster Chime Ref. 6300A-010
According to GQ magazine, a Patek Philippe watch was sold at a Christie’s charity auction in 2019 for around 31 million Swiss francs (approximately PLN 144 million). This makes it the most expensive watch sold at auction.
Forbes reports that the watch is a one-of-a-kind piece made specifically for the auction.
4th part: Breguet Marie-Antoinette Grande Complication
The value of this unique Breguet pocket watch is estimated at $30 million. (approx. PLN 119 million). The watch owes its high value to its history. According to the stamp, it was ordered in 1783 by a secret admirer of French Queen Marie Antoinette. Unfortunately it was made after the Queen’s death, so she never saw it.
200 years after it was commissioned, it was stolen from a museum in Jerusalem and only found again in December 2007.
5th part: Jaeger-LeCoultre Joaillerie 101 cuff
Fifth place in the list of the most expensive watches is occupied by the Jaeger-LeCoultre Joaillerie 101 Manchette worth $26 million. (approx. PLN 2,103 million). The “Handelsblatt” reports that the watch was given to Queen Elizabeth II on her 60th birthday.
6th place: Chopard 201-carat
This Chopard watch is worth $25 million. (approx. PLN 99 million). The name of this watch says it all: if you add up all the diamonds in the watch, you get 201 carats.
7th place: Patek Philippe Henry Graves Supercomplication
Seventh place is again occupied by a watch from Patek Philippe, namely the Philippe Henry Graves Supercomplication. It was auctioned at Sotheby’s for 23.2 million Swiss francs (approximately PLN 112 million). According to the manufacturer, the watch has 24 additional functions.
8th place: The Jacob & Co. The billionaire’s timeless treasure
Eighth place is worth $20 million. (approximately PLN 79 million) Jacob & Co. watch presented at the Watches & Wonders Geneva watch fair last year. Forbes reports that it took three and a half years to find and cut the yellow diamonds themselves. By the way, the watch is not the first in the Billionaire series from Jacob & Co. — take a look at the next place in the ranking.
9th place: Jacob & Co. Billionaire
The watch was presented in Basel in 2015 and costs $18 million. (approx. PLN 71 million). The name of the watch clearly defines the target group that Jacob & Co. addresses. wanted to meet – and the company made it happen.
Forbes reported that the watch went to boxer Floyd Mayweather, who is known for his extravagant lifestyle. During his career, the boxer earned $1.08 billion. (about PLN 4.3 billion) – writes the magazine.
10th place: Rolex Cosmograph Daytona “Paul Newman”
The 10th place on the list of the most expensive watches in the world is occupied by a Rolex model that was auctioned for $17.75 million. (approx. PLN 70 million). According to GQ, the watch is considered the holy grail among collectors and fans of actor Paul Newman. It was a gift from his wife – she had written a special message for her husband on it. As a nod to his passion for car racing, she had the words “drive carefully” engraved.
Alexi Rosenfeld / Contributor / Getty Images Rolex Daytona at the 2022 New York auction.
Fascination for luxury watches
With all of these models it is clear that the customer is not buying an ordinary timepiece, but a highly specialized luxury product. But why are people willing to spend millions on a watch?
On the one hand, the brand plays a crucial role – it can be an indicator of the quality of the materials used. On the other hand, the additional functions of the watch and the small number of units contribute to the price increase. After all, some watches simply have a unique story that increases their value.
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