I was chatting with a friend recently and he mentioned he was looking to buy a new watch. I wondered why as I knew he already had three or more timepieces, and why add to the collection.
He informed me that the watch he was looking at was fairly expensive at around £800, and even at that high price it was a bargain, as they usually sell for over £1,000! My friend stated that he was buying last year’s model, and that is how he is saving some money.
I thought, last year’s model?? Do watches put out new models each year like car manufacturers do??
I don’t even own a watch, as if I need to see what time it is, I just look at my mobile. That works for me.
I tell a lie, I do own a watch. When we were on holiday a few months back I needed to be able to check the time regularly as we had some events and things do to, and we wanted to be on time. So I went to a local shop and bought a watch for 5 Euros. It was cheap, worked well, and it is still working well as I just checked it.
Spending upwards of £1,000 for a watch seemed extravagant to me, and it also got me thinking about how much could watches sell for, what were we willing to pay. In researching that very question, I was surprised.
Watches That Sell For $1 Million or More
Hublot Classic Fusion Haute Joaillerie: This watch sells for a cool $1 million. It’s all I can do to pronounce it. It has 1,185 “baguette” diamonds covering the entire surface of the watch. Just to build the case, it takes a team of 15 people, 1,800 hours, with an additional 200 hours for “dimensional” checking and quality control. That’s 2,000 hours just for one watch. For you and I that equates to about a year’s worth of work hours.
Roger Dubuis Excalibur Quatuor: This Roger Dubuis watch sells for around $1,125,000. One reason why this watch is so expensive is due to the fact it is made up entirely of silicon, which is half the weight of titanium, but being four times as hard. It comes with the famous RD 101 movement, which compensates for the effects gravity has on timepieces. That’s interesting.
Jaeger-LeCoultre Hybris Mechanica à Grande Sonnerie: Selling at over $1,400,000, this timepiece has 1,300 parts to it. The first of these was released in 2009.
Vacheron Constantin Tour de I’Ile: This is the world’s most complicated watch, with only seven (7) ever being made. It sells for over $1,500,000, and has two faces, one on the front, and one on the back. It was created to celebrate the company’s 25th anniversary.
Greubel Forsey Art Piece 1: Selling for a price tag of $1,600,000, this watch was created in 2013. “The watch’s stand out feature is the nanosculpture by artist Willard Wigan in the crown.”
The Richard Mille RM 56-01: This watch can be yours for $1.85 million. The watch is a piece of art and a beauty to behold. As is with many of these expensive watches, it is transparent so you can view the workings of the watch.
Richard Mille Tourbillon RM 56-02 Sapphire: Richard Mille really changed things with this watch as it is valued at just over $2 million! The watch has a tripartite sapphire case, and also has the company’s “cabled movement” design.
A. Lange & Söhne Grand Complication: This is one of the most expensive watches as it is priced at almost $2.5 million! The company held onto the two prototypes, but have made six (6) to be available to the public to purchase. While a beautiful watch indeed, it is not transparent as many of the other expensive watches, so you cannot view its workings.
I suppose if you have an extra $1 million or more lying around, why not buy a watch, however, I personally would be afraid to wear it, especially in public.
If you were to add up the values of all these watches, it equals a staggering $1.29 billion! Makes the £800 my friend spent seem paltry.