Finding the top 10 most expensive watches in the world was made easy, with the help of the researchers at Online Casino Betway who meticulously took the task to write about the most desirable luxury watches ever made.
As you can imagine, there are some ridiculously priced timepieces, let’s dive straight in and look at some of the most expensive timepieces and explore why some investors really see a huge return on investment when it comes to investing in timepieces.
Are Luxury Watches an Investment?
Why spend so much on a watch? Well the simple answer would be that we know that the worth of high-priced watches goes far beyond their value as accessories.
According to a post by the New York Times, some investors claim that their luxury timepieces doubled in value within a year.
However, according to the Gentleman’s Gazette, there’s a lot more to investing in watches than buying an expensive model. Choosing a timepiece that will grow in value means research and a lot of careful searching. Let’s take a closer look at some watches that are guaranteed to sell for an even bigger fortune in the future.
10 of the Most Expensive Watches
Hublot Big Bang
The Hublot Big Bang was initially purchased by Beyonce for Jay-Z and is worth around £4,000,000. This timepiece boasts nearly 1,300 diamonds and is worth its weight in gold.
Vacheron Constantin 57260
With a worth of approximately £6,000,000, it took the creators nearly eight years to design and make this watch. Two hundred forty-two jewels form the outer shell of this timepiece.
Patek Philippe Ref. 1518
This timepiece isn’t only remarkable for its value. Released in 1941, this was the first perpetual calendar wristwatch to see the light of day. This Patek Philippe wonder fetched a staggering £8,500,000 at an auction in 2016.
Paul Newman’s Rolex Daytona
Paul Newman’s Rolex Daytona is, without a doubt, one of the watches that has appreciated most in value over time. The former star’s wife gave him the timepiece in 1968. When it went up for auction in 2017, it fetched a whopping £13,500,000.
Breguet Grande Complication Marie-Antoinette
This Breguet may not be a wristwatch, but it’s a luxury watch, nonetheless. Initially commissioned by one of Marie Antoinette’s lovers, the timepiece is valued at £25,000,000 and took 45 years to complete.
Patek Philippe Grandmaster Chime
This reversible timepiece currently holds the record for the most expensive wristwatch ever sold at auction: $31,000,000.
Louis Moinet Meteoris Collection
This collection takes its name from Louis Monet, a father of modern watchmaking. One-piece features part of an actual meteorite and is called the “Tourbillon Mars”. The collection is worth £3,500,000.
Patek Philippe 5004T
This timepiece is the only titanium version of this range ever created. It was specifically designed for auction and fetched £2,985,000.
Franck Muller Aeternitas Mega 4
This watch is lovingly dubbed the “Master of Complications” by enthusiasts. It has a host of fascinating features (like a 1000 year calendar) and a price tag of £1.8 million.
Graff Diamonds Hallucination
Decked out in 110 carats of diamond and featuring multiple types of cut, it’s no wonder that this watch has a net worth of approximately £43,000,000.
Competition grows among the HNWI
For those that are lucky enough to even consider buying any of the 10 luxury watches, it makes complete sense to invest in a timepiece that is only going to go up in value as the years tick by. High net worth individuals are on the rise from China to India and the numerous high tech company founders in Silicon Valley, therefore there is bound to be a demand for such luxury timepieces, nevertheless, there are is only a limited edition made for each watch so competition for these rare items is going to grow over the years.