The best luxury timepieces are crafted with the finest materials and with great care for detail. The best luxury watches are frequently limited edition pieces, which means they are scarce and difficult to obtain. But the real question is, which watch brand is most expensive?
The following are two of the most expensive luxury brands.
The top-tier member of horology's "Holy Trinity" is Patek-Phillipe. Patek Philippe, which has been referred to as the "best brand" in the industry and has long been regarded as a true benchmark watch, was established in 1839 by Antoine Norbert de Patek.
Since its founding in 1851 in Geneva, Patek Philippe has provided timepieces to Queen Victoria, and is often regarded as the most illustrious watchmaker in the world.
Why is Patek Philippe expensive?
Their watches typically range in price from $10,000 to $780,000 and include some of the most intricate movements. There aren't many things that cost more than US$30k, and they only get more expensive from there.
The movements of the company's products are what really make them beautiful. The extreme attention to detail in each component is something that only a watch geek can completely appreciate. More than a dozen distribution centers are spread across North America, Europe, Oceania, and Asia, and it has more than 400 retail outlets worldwide.
Whether a watch is current or vintage, Patek Philippe outperforms all other watchmakers in terms of resale value. Seven Patek Philippe watches are among the top 10 most expensive watches ever sold at auction as of 2020.
Henry Graves Supercomplication
The Henry Graves Supercomplication was sold for $23.98 million at the 2014 Sotheby's Geneva Auction. The Henry Graves Supercomplication, which was sold in 1999 for $11 million and then again in 2014 for $24 million, is one of the priciest watches ever created by Patek Philippe.
Some of the most intricate mechanical pocket watches have been produced by Patek Philippe. For instance, the Henry Graves Supercomplication, which was meticulously made on a small scale, has 920 separate parts, 120 detachable components, 110 wheels, 430 screws, and 70 diamonds.
Patek Philippe Grandmaster Chime
The most expensive watch ever sold at auction, the Patek Philippe Grandmaster Chime Ref. 6300A-010, for over $31.1 million in the 2019 Christie's Geneva Auction.
Audemars Piguet is a world-renowned luxury watchmaker noted for their limited edition, one-of-a-kind creations. Jules-Louis Audemars and Edward-Auguste Piguet, both Swiss watchmakers, started the company in 1875. The company was renamed Audemars Piguet & Co in 1875, with headquarters in Le Brassus.
Audemars Piguet is a trailblazer in integrating history with futuristic mechanics. Being independently owned allows this brand to make swift, informed decisions and to frequently release cutting-edge items. While a basic Audemars Piguet watch may be found for around $20,000, the majority are sold for over $50,000, with many going considerably higher.
Audemars Piguet is known for producing limited edition, one-of-a-kind, gorgeous timepieces. Most pricey watch brands are likewise Swiss-made and have been in business for over a century.
Audemars Piguet Royal Oak
The most expensive watch ever sold was an Audemars Piguet Royal Oak Offshore, which fetched $2.85 million at auction in 2010.
The Royal Oak Grande Complication, which is the most expensive model, costs more than 730,000 USD.
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