How a moonphase actually works
A standard moonphase uses a 59-tooth disc that advances one position per day, completing the lunar synodic month (29.53 days) in approximately 59/2 = 29.5 days. This drifts ~1 day every 2.5 years. "Astronomical" or 122-year moonphases use a more accurate gear ratio that drifts only 1 day per ~122 years; some manufacture moonphases (Lange Saxonia Moonphase, Patek 5396) use this design.
Under €10,000 the moonphase market is unusually well-served: Frederique Constant builds in-house at €2,500-3,000, Longines Master moonphase chrono sits at €3,500, and Grand Seiko Spring Drive moonphase tops the bracket at ~€8,500.
Frederique Constant
FC-705 · 38.8mm
Editor's Pick ~€2,900
In-house manufacture moonphase at €3k.
Frederique Constant's Cal. FC-705 is built at the brand's Plan-les-Ouates Geneva facility: automatic moonphase + date, 38-hour reserve. The price/spec ratio is unmatched among Swiss-made manufacture moonphases.
Old-school moonphase chrono with column wheel.
Longines's Master Moonphase Chronograph uses the L687 (an evolved column-wheel chronograph with calendar and moonphase). Triple-calendar layout: day, date, month, plus moonphase. Heritage-leaning aesthetics.
Grand Seiko
40mm · Spring Drive Moonphase
Movement ~€8,500
Spring Drive moonphase with photographic moon.
Grand Seiko's SBGY-series Spring Drive moonphase uses a photographic image of the moon (not a stylised face) on a striated dial. ±1 sec/day, 72-hour reserve.
Junghans
027/4501 · 40.4mm
Heritage ~€2,400
Triple-calendar moonphase with German Bauhaus design.
No photo
Junghans's Meister Kalender combines triple-calendar (day, date, month) with moonphase, J800.3 ETA-derived movement. The clean Bauhaus-inflected dial separates it from standard Swiss moon-and-date complications.
€900 mechanical moonphase. Yes.
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Tissot's Le Locle Moonphase is the under-€1k mechanical moonphase entry. Powermatic 80 base movement, 80-hour reserve. The cheapest legitimate Swiss moonphase.
Hamilton
H32675160 · 42mm
~€1,400
Open-heart moonphase under €1,500.
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Hamilton's Jazzmaster line gets a moonphase + open-heart configuration showing the regulator below 6 o'clock. ETA-based H-37 movement.
Christopher Ward
C9 · 40.5mm
~€2,000
Microbrand 122-year astronomical moonphase.
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Christopher Ward's C9 Moonphase uses a 122-year astronomical gear ratio (drift 1 day per 122 years vs the standard 2.5 years). The CW JJ04 module adds the moonphase to a Sellita SW200 base.
Blancpain
6654 · 40mm (over budget)
~€11,500 (luxury reference)
Just over budget but the Villeret moonphase reference.
Blancpain's Villeret moonphase has been the brand's signature reference since the 1980s. Cal. 6654, 100-hour reserve, full triple-calendar with phase.
Listed for context; the modern moonphase landmark.
H. Moser's Endeavour Perpetual Moon uses a fumé dial and a moonphase accurate to ~1,027 years. Over budget but the modern moonphase visual reference.
Mido's quiet moonphase pick.
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Mido's Multifort Patrimony Moonphase uses the brand's Cal. 80 base with moonphase module. Sunray dial, applied indices, 80-hour reserve.
Honourable mentions
Frederique Constant Classic Moonphase · FC-330Sub-€2k Frederique Constant moonphase entry.
Seiko Presage Moonphase · SARWJapanese moonphase under €1,500.
Oris Artelier Calibre 113 · Cal. 113In-house Oris with moonphase + calendar, ~€5,500.
How to choose
Best price/manufacture combo: Frederique Constant Slimline Manufacture Moonphase. Best heritage chrono-moonphase: Longines Master. Best dial: Grand Seiko SBGY. The moonphase style hub tracks news.