What determines the value of a watch?
Quite simply the emotional attachment or "i've got to have it value" mentality of the prospective owner.
In that regard, they're similar to diamonds. They have zero intrinsic value. They don't do anything but look sparkly, but people want them for emotional reasons. As Alton Brown would say, a watch is for the most part a unitasker. You can get a much better quartz/electronic watch that looks nice for a few hundred dollars that keeps better time than a ladies 18K solid gold case and bracelet, mechanical diamond bezeled Omega Seamaster for $20k, but some people want the glitz.
Quite simply the emotional attachment or "i've got to have it value" mentality of the prospective owner.
In that regard, they're similar to diamonds. They have zero intrinsic value. They don't do anything but look sparkly, but people want them for emotional reasons. As Alton Brown would say, a watch is for the most part a unitasker. You can get a much better quartz/electronic watch that looks nice for a few hundred dollars that keeps better time than a ladies 18K solid gold case and bracelet, mechanical diamond bezeled Omega Seamaster for $20k, but some people want the glitz.
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