Legendary watchmaker Patek Philippe represents seven of the 10 most expensive watches ever sold. Rolex has three representations on the top 10 list. One thing is for sure, if the blockbuster sales of the last few years are any indication, this list is sure to change dramatically in the near future. Collectors continue to show an incredible appetite for historically significant, beautifully crafted and impossibly rare watches.
Patek Philippe Grandmaster Chime 6300-010
The Patek Philippe brand has been around for more than 180 years. Named after it’s founders, Antoine-Norbert de Patek and Adrien Philippe. It’s one of the oldest watchmakers in existence and certainly one of the most prestigious. Some notable owners of the Patek Philippe name include some of histories most important figures such as Pope Pius IX, Albert Einstein, Nelson Mandela, Pablo Picasso, Leo Tolstoy, John F. Kennedy, Queen Victoria and Tchaikovsky. Patek Philippe dominates the list of the 10 most expensive watches ever sold.
There is one watch, however, that was able to bring in an astounding amount. Even though the sale was for charity, this record breaking sale blew away the previously high mark for most expensive watch ever sold. The Patek Philippe Grandmaster Chime sold at a Christie’s Only Watch auction in late 2019 in Geneva.
The anonymous winning bidder came home with a one-of-a-kind stainless steel watch crafted in 2014 to commemorate Patek Philippe’s 175th anniversary. It’s known as the most complicated wristwatch ever built by the company. More than seven years and over 100,000 hours of craftsmanship was spent to create Patek’s first “grand strike” watch. The stainless steel watch is inscribed with the words “The Only One” on the dial.
Patek Philippe Henry Graves Super-complication
In 1925 Henry Graves Jr.purchased a pocket watch for $15,000. This was no ordinary watch, in fact, this was a watch that didn’t even exist when Mr. Graves paid for it. Henry Graves set out to challenge Patek to produce the world’s most complicated timepiece and would pay any price to see it through. Seven years later in 1932 the watch was complete.
With 24 different complications, the watch was the most complicated timepiece in the world, and remained that way for some time. 900 individual parts are included in the timepiece which was last wound in 1969 and remains in perfect working condition. The record sale of $23.9 million shattered the record for most expensive watch ever sold at an auction, a record previously held by the same watch. Back in 1999 this very watch sold to Sheikh Saud Bin Mohammed Bin Ali Al-Thani of the Qatari royal family for $11 million.
Rolex Paul Newman Daytona #6239
In 1963 Rolex began producing Daytona chronographs to cater to professional race car drivers. Paul Newman received his very own Daytona in 1968 as a gift from his wife, Joanne Woodward. The watch included a white dial, three black subdials and a red outer track. Joanne Woodward also added an engraving on the back of the watch including the words, “drive carefully me.” The watch sold in 2017 for $17.7 million.
Newman wore the watch during his racing career and around the world, appearing on the actors wrist during photo shoots and movie scenes. After years of wear, the actor gave it to a surprising recipient. James Cox, who was dating Newman’s daughter, Nell, received the watch after spending a summer getting to know Newman and his family.
One day Newman asked Cox if he knew what time it was. James, who did not have any idea because he didn’t have a watch, was about to get a very large gift. “If you can remember to wind this each day, it tells pretty good time,” Newman said to James as he handed over the watch. “It was kind of astonishing that he gave it to me,” James Cox was quoted in the days leading up to the recent sale. Cox wore the watch proudly for a few years before storing it in a safe deposit box as prices for vintage watches escalated. Cox said proceeds from the sale were going to Nell Newman’s nonprofit organization.
Patek Philippe Stainless Steel #1518
2016 saw the record set for the most expensive wristwatch when the Patek Philippe Stainless Steel #1518 sold for over $11 million. It’s one of only four of it’s kind to exist. Created in 1941 the stainless steel #1518 was the first perpetual calendar chronograph wrist watch of it’s kind. It’s the very first produced our of the four known to exist. Seven bidders started the night where the watch eventually sold to a private collector. The stainless steel 1518 comes in at number 4 on the list of most expensive watches ever sold.
Patek Philippe Stainless Steel #5016A-010
The Patek Philippe Stainless Steel 5016 is one of the finest watches ever made. It’s impressive features such as tourbillon regulator, perpetual calendar and minute repeater go along nicely with one of the finest movements ever created by Patek. At one point in time it was the most complicated watch ever produced by the watchmaker.
Patek Philippe Titanium #5208T-010
The Patek Philippe Titanium 5208 sold at Only Watch auction in 2017 for $6.2 million. The Only Watch event is one of the most significant watch auctions in the world and has seen numerous record setting sales. Launched in 2005, Only Watch is a biennial charity auction founded by Luc Pettavino and organized by the Monegasque Association Against Muscular Dystrophy (MAAMD) in association with Prince Albert II of Monaco.
The Patek Philippe 5208 was the first and only version of this timepiece produced in titanium. Currently in the 5th spot on the list of most expensive watches ever sold.
Rolex Daytona Unicorn #6265
The Rolex Daytona Unicorn 6265 in white gold sold in 2018 at a Phillips auction for $5.9 million. It was part of the “Daytona Ultimatum” auction held in Geneva. The watch is known as “The Unicorn” because of it’s rarity by being the only known white gold manual winding Daytona ever made. Prior to the discovery of the 6265, Rolex was thought to only produce Daytonas in 18-karat yellow gold or stainless steel.
This particular watch was produced in 1970 and delivered to a German retailer in 1971. Prior to the auction the watch belonged to the collection of John Goldberger who owned the watch for 8 years. He had been quoted in the past as saying the Unicorn would never be for sale because of it’s irreplaceable status, although he changed his mind eventually.
Patek Philippe Gold Chronograph #1527
The Patek Philippe Gold Chronograph 1527 sold in 2010 for $5.7 million at a Christie’s auction. This sale price made it the most expensive wristwatch ever sold at the time. It’s a unique 18k gold perpetual calendar chronograph wristwatch with moon phases manufactured in 1943 and took more than 3 years to design. The watch is extremely rare and hadn’t been sold for 30 years prior to the 2010 auction. It includes 23 jewels in it’s construction and a buckle made with 18 carats of gold.
Rolex Bao Dai #6062
The Rolex Bao Dai 6062 is one of the most expensive Rolex watches ever made. The gold case and black dial were among the most rare configurations of the 6062 model. This is one of only three watches in existence to these specifications. The watch was sold at auction in 2017 and became the most expensive Rolex ever sold at the time. Of course later that year the Paul Newman Daytona would smash this record with it’s $17 million sale. Later in 2018 another Rolex, the Daytona “Unicorn” would sell for a hefty $5.9 million dropping the Bao Dai to the third most expensive Rolex ever sold.
A few reasons the Bao Dai 6062 sold for $5 million. It’s the only known model with a black dial and diamond indexes. And yes, it also belonged to the last emperor of Vietnam. They called him “Bao Dai,” which literally means, “keeper of greatness.” Born Nguyen Phuc Vinh Thuy, he was the 13th and final Emperor of the Nguyen dynasty and last ruling family of Vietnam. The reference number 6062 Rolex watch was specifically made for him while he was working in Geneva.
Patek Philippe Yellow Gold Calibre 89
The Patek Philippe Yellow Gold Calibre 89 sold for $5 million at auction in 2009. It boasted 33 complications and held the title as the most complicated watch in the world. Replacing the former title holder which was the Henry Graves Supercomplication from 1933. Only four pieces were made after 9 years of development and production.
The pocket watch was purchased in 2009 at auction held by Antiquorum in Geneva. The watch was offered in 2013 by Christie’s in New York and had a firm asking price of $11 million. There were no takers and the watch remained unsold. Then again in 2017 the watch resurfaced but there were no bids meeting the reserve price. The watch remained with the previous owner and we can only wonder if and when the watch will sell the next time it makes an appearance. Some experts expect the watch to someday top the list of most expensive watches ever sold.