Tag Archives: where to buy watches nyc

The World’s Most Expensive Watches

New York Loan Company has the luxury of seeing some of the most expensive watches from all over the world. While many of the watches are one-of-a-kind pieces that not many people will ever get the opportunity to see, the brands, including IWC and Rolex, are very familiar to most watch collectors. The majority of million dollar watches are so expensive due to their highly complicated nature – meaning they are engineered for different features like timing, calendars, and chiming, however some of these watches command unbelievable prices due to historical importance or diamond value.

Below are just a handful of the rare and exclusive watches that sell for millions of dollars.

The A. Lange & Sohne Grand Complication was made in 2014 for the company’s 20th anniversary and sells for 2.6 million dollars. A stunning watch in rose gold with a perpetual calendar, moonphase, minute repeater, and a chronograph with flying seconds. This watch as a total of 867 parts and only one watchmaker in the world can assemble it, making this watch very worthy of its price.

Patek Philippe, one of the most important watchmaking companies in the world, and a company in which New York Loan’s loan officers have significant expertise, created the Platinum World Time in 1939. This stunning vintage watch sold in 2002 for 4 million dollars at auction. It has a self-winding mechanism and shows the time for 42 cities all across the world. While not much is known about this watch, it is thought that this may be the only one of its kind.

The Graff Hallucination Watch might just be the most expensive watch ever created. This watch is valuable for its unbelievable amount of fancy colored diamonds as opposed to its complications – in fact the Hallucination watch is quartz, or battery powered. The watch has blue, pink, green, orange, and yellow diamonds in an array of shapes and sizes – each stone handpicked for this one masterpiece. A seriously stunning piece of jewelry masquerading as a watch.  Graff does make timepieces, but the company is best known for its stunning jewelry and diamonds, which are typically brought into New York Loan for pawn transactions.

The Patek Philippe Henry Graves Supercomplication Pocket Watch is the most expensive watch that has ever sold at auction – twice. The watch was made for American businessman Henry Graves, who requested Patek Phillippe create the “world’s most complicated timepiece” – at any cost. This watch has quite the history, including beating its own auction record in 2014 – in 1999 the watch was sold for 11 million to a member of the Qatari Royal Family from Sotheby’s and was returned as part of a debt. It was then put back into auction for the 175th anniversary of the Swiss watchmaker. This is where a bidding war was started and the famous pocket watch sold for just over 24 million dollars.

While New York Loan Company doesn’t normally loan on the most famous watches in the world, they do work with these watch brands on a daily basis and are highly educated on the luxury watch market.   Plus, there is no limit to the amount they are able to provide on a pawn loan without ever checking a borrower’s credit score. 

To make a loan on watches from these brands, and others including Hublot, Chopard, Panerai, and Audemars Piguet please contact New York Loan Company via telephone at 212-997-5626 or via email at info@newyorkloan.com.