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PreOwnedWatchesDubai.com > Blog > 8 Most Expensive Watches Ever Sold Out

8 Most Expensive Watches Ever Sold Out

Madiha Rizvi by Madiha Rizvi
February 28, 2024 - Updated on March 7, 2024
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Are you a watch enthusiast wanting to learn about the most expensive watches ever sold out? It’s a common question many people ask, so we have summarized the whole list for your reference. Take a look at this guide and learn about the most expensive watches in the world that were sold at auctions.

8 Most Expensive Watches in the World

  • Patek Philippe Grandmaster Chime Ref. 6300A-010 – $31 million
  • Patek Philippe Ref. 1518 – $11 million
  • Rolex Daytona Reference 6263 – $7.46 million
  • Patek Philippe Ref 2499 – $5.97 million
  • Patek Philippe Ref. 5175R-001 – $5.35 million
  • Patek Philippe Ref 2438 – $4.87 million
  • Rolex GMT-Master “Root Beer” – $3.97 million
  • Rolex Daytona “Big Red” – $3.74 million

Luxury watches are not just jewelry pieces; they are a lifetime investment. Watch enthusiasts don’t buy these timepieces to adorn them on their wrists only; they are often passed on to the next generations. This is why it’s not a surprise that a wristwatch is being sold for millions of dollars at an auction.

Some top brands, including Patek Philippe, Rolex, Audemars Piguet, etc., are everyone’s favorite for luxury. Here’s a guide telling you everything about the most expensive watches that were ever put on auction.

Patek Philippe Grandmaster Chime Ref. 6300A-010 – $31 million

Patek Philippe Grandmaster Chime

Patek Philippe’s timepiece is the most expensive watch ever sold in history. Crafted from 18k white gold and platinum, it features 24 complications to indicate timekeeping functions through its sonnerie and grande and petite sonnerie chimes.

The dial is a work of art, hand-enameled in the cloisonné technique. Only four of these exquisite Grandmaster Chime watches were ever made, rendering it one of Patek Philippe’s most prized possessions. Its sale price is a testament to Patek’s legendary reputation for fine watchmaking.

Patek Philippe Ref. 1518 – $11 million

Patek Philippe

Dating back to 1943, this yellow-gold chronograph is one of the earliest examples of the iconic Patek Philippe Ref. 1518. In extraordinary original condition after 77 years, this most expensive watch exemplifies the timeless elegance for which Patek Philippe is renowned.

Its rarity, beauty, provenance, and remarkable state of preservation are why the selling price reached a whopping $11 million at auction. If you’re a serious collector, having an authentic vintage Patek in pristine condition is better than having ten more models in your collection.

Rolex Daytona Reference 6263 – $7.46 million

Rolex Daytona

Nicknamed the Paul Newman due to its ownership history, it comes with an exotic dial configuration featuring lap counters stacked vertically.

It’s one of the most expensive Rolex watches in the world and is every watch owner’s favorite collectible Rolex sports model. Rolex Daytona is one of the best investment options in the watch market due to its remarkable complications.

Patek Philippe Ref 2499 – $5.97 million

Patek Philippe Nevadian 2499

This rare timepiece made history as the most valuable wristwatch ever sold at Christie’s Geneva sale. It’s believed that only two of these wristwatches have ever been crafted with a cloisonné enamel dial adorned with pebbles.

The aesthetics of this most expensive watch are matched by impressive rarity and provenance. Dating to 1951, it remains in outstanding original condition. Patek Philippe is one of the most expensive watch brands worldwide, and this model stands the test of time with its beauty, uniqueness, and strong lineage.

Patek Philippe Ref. 5175R-001 – $5.35 million

Patek Philippe Ref. 5175R

The Patek Philipe Ref. 5175R-001 confirmed that the wristwatch does not need precious metals to be sophisticated and expensive. It’s the sportiest timepiece with stainless steel, monobloc construction, and masculine case dimensions to add to the appeal.

Furthermore, the intricate front-mounted clock and calendar displays make the timepiece look remarkable as a modern collector’s pride featuring technical sophistication and desirability, the Ref. 5175R-001 confirms that investment-grade watches need not be limited to precious metals. It’s no doubt the most expensive watch ever sold!

Patek Philippe Ref 2438 – $4.87 million

Patek Philippe

Produced in 1950, it retains the classic yellow gold case, rounded lugs, and desirable oyster bracelet configuration synonymous with that era.

The wristwatch was in near-perfect condition and intact provenance, which added to its auction prestige. It’s one of the most expensive watches for men and worth all the hype. The price tag is justified considering the elegance ensured in each timepiece by Patek Philippe!

Rolex GMT-Master “Root Beer” – $3.97 million

Rolex GMT

The sale of this Rolex model proved that some color variations are worth more than others. Root Beer combines brown and gold tones on the rotating bezel, while the GMT hand is considered the Holy Grail configuration.

Only a small number were produced during its short 1967-1970 production run, making authentic Rolex watches extremely collectible. Its sale glorified alternative dial hues within the Rolex world.

Rolex Daytona “Big Red” – $3.74 million

Rolex Daytona

Rolex Daytona ‘Big Red’ is the watch brand’s most widely recognized model reference. The six-figure price point for this timepiece was fully justified, considering the two-tone condition and use of luxurious yellow gold.

It’s one of the best investment-grade Daytona watches that any watch enthusiast would love to have in their closet. For collectors, the Big Red stands as a defining symbol of sports watch rarity and prestige. It’s one of the most expensive watches in the world for the right reasons.

Luxury Watches are the Best Investment for Your Future

Like gold and diamond, luxury watches are the best investment for your future. Although they are expensive, they promise great returns in the future. However, it’s necessary to invest in the right watch. The watches mentioned above are examples of how luxury watches always stay in demand. Get the best luxury watch to save an asset for your future.

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Madiha Rizvi

Madiha Rizvi

I’m Madiha, the voice behind Pre-Owned Luxury Watches Dubai. Based in the vibrant pulse of Dubai, I'm all about diving into the world of exquisite timepieces. From vintage classics to modern marvels, I'm passionate about uncovering the unique stories behind each pre-owned luxury watch. Join me on this journey as I unravel the craftsmanship, elegance, and timeless allure these watches carry. Let's explore together the fascinating realm where every tick echoes a story and each watch bears the mark of history, bringing the beauty of these wrist-bound treasures to life.

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