Some of the most expensive watches, as of 2016, are the Graff Diamonds Hallucination watch, Roger Dubuis' Excalibur Quatuor, Jaeger-LeCoultre's Hybris Mechanica à Grande Sonnerie and Greubel Forsey's Art Piece 1. Other expensive watches include A. Lange & Söhne's Grand Complication, Patek Philippe’s The Grandmaster Chime and Richard Mille's Tourbillon RM 56-02 Sapphire.
The single most expensive watch in 2016 is the Graff Diamonds Hallucination watch, which costs $55 million. There is only one in existence, and it is distinguished by its very small face and many multicolored diamonds set in platinum.
The Grandmaster Chime watch by Patek Philippe was created to commemorate the company's 175th anniversary. Seven watches were made, and it took more than eight years to come to fruition. The watch has two faces, 20 complications, two dials and 214 parts.
The Grand Complication watch by A. Lange & Söhne is valued at approximately $2.05 million. The watchmaker is only able to produce one Grand Complication annually, and it is made from 876 individual components. The company plans to sell the final Grand Complication watch in the year 2018.
The Tourbillon RM 56-02 Sapphire watch by Richard Mille costs $2.02 million, and there are only ten available. The watch is water and scratch-resistant, and it has titanium movements and a transparent solid sapphire case.