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While the entry price for luxury watches is lower than it is for luxury cars, I see a fair amount of Pateks and APs that go for at least $100,000. There are man

While the entry price for luxury watches is lower than it is for luxury cars, I see a fair amount of Pateks and APs that go for at least $100,000. There are many more exclusive models and companies that I know next to nothing about that are significantly more expensive, but you can get a sense of the wider market here: https://www.hodinkee.com/packages/all-the-new-watches-of-2021 https://www.hodinkee.com/packages/all-the-new-watches-of-202.... And yes, I agree that the utility of a car far outweighs that of a mechanical watch. It's also why I believe that paying $150,000 for a fancy master's degree at a world-famous school is a pretty sweet deal for the wealthy and vain.

ashtonkem 5y ago
To be fair, a $150,000 watch can be re sold. High end watches hold their value incredibly well, and in some cases can even appreciate in value. Even luxury cars, which typically depreciate quite quickly, can be re-sold for a significant portion of their purchase price. The same cannot be said of a $150,000 education, which cannot be re-sold. Perhaps in some cases a high value education can be turned into a higher value career, but that’s obviously not relevant to the hypothetical rich kid getting a film degree at Columbia.