For the longest time, luxury watches have been associated with fashion and status. But nowadays, these costly watches can be used as collateral when it comes to high-stakes betting. There is no doubt that luxury and expensive watches are not only extremely valuable, but they are also in high demand. But what is it that makes these watches an ideal investment purchase? Of course, the answer could be due to their generous appreciation in value.
How to choose a watch that suits your needs and budget
One of the most challenging parts for many watch lovers is reconciling with the fact that plenty of products you want to purchase are more expensive than what they can actually afford. This can be quite difficult to deal with and to make it worse, there is no way you are going to own your favorite high-end watch without paying for it.
If you are looking to own a classy watch, but you don’t want to spend more money, you can try to buy a pre-owned watch or even change the straps of your existing watch to liven it up.
Having said that, let’s now look at some of the most expensive watches available. These watches are the ultimate investment piece.
- Patek Philippe Grandmaster Chime- £24.1 million
The Patek Philippe Grandmaster is one of the most complicated watches in the world. It became the most expensive wristwatch ever sold at auction, beating several others.
- Paul Newman Rolex Daytona- £13.5m
His wife, Joanne Woodward, gifted this epic Rolex to Paul Newman in 1968. This watch has been considered one of the best timepieces among fans and collectors for many years. Nobody could have imagined just how much this wristwatch would be valued in an auction.
- Patek Philippe Stainless Steel- £8.9m
It is no secret that Patek Philippe Ref.1518 in stainless steel, is among the most sought-after great pieces. When it was introduced in 1941, it was the first wristwatch with a perpetual calendar and chronograph. So it makes sense why it went for £8.9 million during an auction at Philips in Geneva- a world record for a wristwatch auctioning that occurred in November 2016.
- Patek Philippe Calibre 89 – £ 5.5m
Patek watchmakers created this watch as their 150th birthday gift. This pocket watch features 24 hands, 33complications, and 1,728 components. For that reason, many people consider this watch one of the most complicated watches in the world.
- Hublot Big Bang Diamond – £5m
This watch is definitely one of a kind. The brand even claims that this watch is the most precious timepiece they have created. Its case is decorated with over 300 baguette diamonds. The dial also has 179 diamonds. This watch is definitely perfect for watch enthusiasts.
Other top watches include:
- Patek Philippe Titanium – £4.9m
- Rolex Daytona Unicorn – £4.6m
- Patek Philippe Gold Chronograph – £4.35m
- Rolex Bao Dai Ref 6062 – £4m