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That was his previous watch. Gates apparently upgraded to a slightly more expensive watch last year. Buying a $20 watch will support some Chinese workers. Buyi
by kijin 7y ago
That was his previous watch. Gates apparently upgraded to a slightly more expensive watch last year.
Buying a $20 watch will support some Chinese workers. Buying a $2K watch will support Japanese or Swiss workers. But I don't think buying a $20K watch will support workers any more than a $2K watch does. It probably depends on the company and the watch, but I think it's a safe bet that most of the markup at the extreme high end of the spectrum goes to a small number of managers and dealers.
- maigret 7y ago2K watches are made mostly by machines. 20K is where you start having a substantial part of the cost being handmade finishes. The dealers cut is similar in percentage.
- bingerman 7y agoOrdering an expensive watch straight from a known master is one option, they usually don't spend a lot of money on managers, dealers or even advertising. For 20k you've got plenty options. The only downside is that selling your generic-but-good-quality rolex is easy and repairing/maintenance can be done everywhere while things with small brands can sometimes be more complicated. Designing and making a mechanical watch with many complications takes a lot of time, so it's entirely possible to buy even a 200k watch where you are mostly paying for the actual labor (of a high-skilled professional/artist).