Top 10 Most Expensive Watches

1. Graff Diamonds Hallucination - $55 million

Another product by Graff Diamonds is the most costly watch ever produced. The Hallucination is as magnificent and brilliantly fanciful as its name suggests.

The Hallucination introduces high-fashion to the realm of horlogerie with its kaleidoscope array of 110 carats of various colored diamonds in a spectrum of different cuts, set within a platinum bracelet. It's nearly easy to overlook this piece's timekeeping abilities because it's about as far from a tactical watch as you can get, yet there is a small dial in the middle of all that sparkle.

The Hallucination, which cost a staggering $55 million when it was originally displayed at Baselworld in 2014, is the result of many hours of labor by a group of designers, gemologists, and skilled artisans.

2. Graff Diamonds The Fascination - $40 million

The Fascination, created by Graff Diamonds, a British jeweler firm recognized for obtaining and polishing some of the most famous diamonds in the world, is in second place on our list of the most expensive timepieces ever.

The Fascination is not just a rare example of diamond mastery but also a masterpiece of horological craftsmanship. Undoubtedly one to compete with all other women's watches.

The 152.96 carats of white diamonds in this timepiece are surrounded by a 38 carat pear-shaped diamond dial that can also be worn as a ring. Double the value for your money—all $40 million of it—with a convertible watch.

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

It's a benefit to know you're getting two watches for the price of one if you're going to spend $31 million on a timepiece. There are two dials on this watch, one on the front and one on the back.

The Grandmaster Chime watch, the most costly Patek timepiece ever sold, features 20 different complexities, including five separate chiming modes (thus the name), an acoustic alarm, and a calendar repeater. Both dials have 18K pure gold dial plates and blue opaline dials with gold-applied numerals. The strap is made of navy blue alligator leather, and the case is made of white gold.

4. Breguet Grande Complication Marie Antoinette - $30 million

According to legend, one of Marie Antoinette's boyfriends originally ordered this watch for the famous French queen and lover of the finer things in life. She was assassinated before the job was finished, which further added to the romance and mystery of this legendary clock. It took around 40 years to craft this amazing item.

It has every complexity available at the time, including a perpetual calendar and thermometer, and is housed in gold. The watch, which was stolen in the late 1900s, is now securely stored in the L.A. Mayer Museum but may be bought for $30 million.

5. Jaeger-LeCoultre Joaillerie 101 Manchette - $26 million

You could have an idea of what to expect if we told you that prestigious firm Jaeger-LeCoultre created this complex clock as a present for none other than Queen Elizabeth II to commemorate her 60th year in power.

In fact, this watch deserves to be worn in the rooms of historic palaces and to special state functions due to its completely distinctive profile, white gold construction, series of polished and diamond-set links, and microscopic caliber 101 movement (one of the smallest in the world).

6. Chopard 201-Carat - $25 million

This Chopard watch may not be understated, but it surely makes a statement. This 25 million dollar watch, which has 874 diamonds totaling 201 carats and a rainbow of vibrant colors, is perhaps the Swiss watchmaker's greatest opus and a favorite of royalty and A-listers alike.

High-end watches' intricate engineering and technical skill attract some people. Others merely desire some jewelry. With its 15-carat pink diamond, 12-carat blue diamond, and 11-carat white diamond, this Chopard clock is most likely the latter. The fact that it also tells the time is merely an added bonus. If this particular model isn't for you, you can get more inspiration by looking at our rating of the top luxury watches for women.

7. Patek Philippe Henry Graves Supercomplication - $26 million

This Patek Philippe gold pocket watch originally created in 1933 for a wealthy American banker named Henry Graves took 7 years to design and construct, back when watchmaking had to rely on craftsman rather than the calculations of computers.

A perpetual calendar, minute repeater with Westminster Chimes, sunrise and sunset times, and a celestial chart based on the night sky as seen from Graves' house in New York are just a few of the astounding range of complications in this one of the most costly pocket watches in the world.

The intricate timepiece was sold to an anonymous bidder after a 15-minute bidding war between some of the top watch collectors in the world. An ideal addition for any fan of pocket watches.

8. Rolex Paul Newman Daytona Ref. 6239 - $18.7 million

Paul Newman, an actor and heartthrob, was well-known for his appreciation of high-end watches and for his passion for racing. Therefore, his wife Joanne Woodard had the words Drive Carefully inscribed on this watch when she had it made in 1968.

The Paul Newman Rolex Daytona Ref.6239 is a unique timepiece with a black and cream exotic dial that appeals to both watch enthusiasts and those who enjoy Hollywood memorabilia. It also has an appealing Art Deco design.

The watch was sold to the highest bidder over the phone after only 12 minutes of the auction. It should come as no surprise that Rolex is one of the most well-known luxury brands in existence, in addition to being the most well-known watch firm in the world.

9. Jacob & Co. Billionaire Watch - $18 million

The top 10 most expensive and uncommon timepieces in the world are now included. The Jacob & Co. Billionaire watch is the most fittingly named luxury timepiece in history.

With 189 carats of Akosha diamonds—a cut designed to make each diamond appear 30% bigger than a typical emerald cut diamond—it surely lives up to its name. Then there is the skeleton face, where you can witness the 167-element, 18-jewel tourbillon movement in action. It is a complex and hand-crafted movement.

The dial and bracelet are both constructed of 18k white gold, and a final rose-cut gem on the crown completes this incredibly pricey confection. It makes sense that Floyd Mayweather bought it.

10. Patek Philippe Stainless Steel Ref. 1518 - $12 million

The main draw of this specific watch, which is one of a limited edition series of four pieces, is its casing. It sets itself apart from other Patek Philippe luxury watches, which are normally constructed of yellow or rose gold, thanks to its high-grade stainless steel case.

The Patek Philippe Ref.1518 made horology history when it was initially unveiled in 1941 as the world's first perpetual calendar and chronograph, which is yet another factor that attracts collectors to this timepiece. It's also challenging to obtain high-end timepieces made of steel, despite the common misconception that steel makes watches less precious than gold. Always, rarity drives higher pricing.