The most costly watch companies dominate the luxury wristwatch market in terms of workmanship, elegance, and price.
These companies adhere to historical watchmaking traditions, have a long history, pioneering, unique features, and employ high-quality materials.
Continue reading to discover the world's most costly watch brands and what distinguishes them from other luxury watches.
F.P. Journe Starting price: $30,000.
The most expensive watch costs $1,167,000.
F. P. Journe tops our list of most costly watch brands. Founded in 1999 by François-Paul Journe, his timepieces adhere to the 18th-century watchmaking heritage of discovery and workmanship.
Journe commented, "My philosophy will never change... how could I ever consider making watches that do not respect the fundamental values of high horology?" It's just not doable.
In 1992, he designed his first wristwatch using a remontoire technique he had previously developed for a pocket watch. This finally formed the concept for the Tourbillon Souverain watches, which were a huge success when they debuted in 1999.
Starting Price: $30,000.
The most expensive watch costs $2,000,000.
Richard Mille had worked in the watchmaking industry since 1974. His desire to develop groundbreaking luxury timepieces prompted him to begin his own company in 1999. Mille built his first clock in 2001 where he incorporated techniques and materials used when making aircraft and F1 racing vehicles.
One of the brand's initial slogans was 'a racing machine on the wrist'. Mille merged his passion of Swiss watchmaking history with technologically advanced materials.
He created his brand's look with a tonneau-shaped casing that mimics a barrel. Because the components are curved, these watches are difficult and expensive to manufacture. Every item must fit exactly together to prevent moisture or dust from entering.
Starting Price: $18,000.
The most expensive watch costs $11,000,000.
Patek Philippe was founded in 1839 by Antoine Norbert de Patek and is the only independent, family-owned Genevan watchmaker. Patek was attracted by Geneva's rich watchmaking heritage, and the company still pursues classic Genevan watchmaking to this day.
Patek hired French watchmaker Jean Adrien Philippe in 1845 after discovering Philippe's innovation of a system for winding a watch's movement without the use of a separate key. The idea of a keyless movement was so innovative that modern watch winding mechanisms still use this design concept.