Watches are about movement/storage of wealth and tax evasion. Like art, very high timepiece value is its ability to move money. They're Old Money Cryptocurrency

Watches are about movement/storage of wealth and tax evasion. Like art, very high timepiece value is its ability to move money. They're Old Money Cryptocurrency. Bring $50,000 in cash on a plane to another country and you're a drug dealer/criminal, or at the very least, the tax inspectors want to talk to you. Bring a $50,000 watch on holiday or a business trip, and nobody blinks an eye. Your average customs/border/security person probably no idea what a $1,000 watch looks like compared to a $50,000 or $100,000 watch...or they're The Chinese in particular are using luxury watches to get around money export controls (you can't export more than a fairly small amount of money out of China.) Further reading: Tax evasion: https://thetruthaboutwatches.com/2020/09/uk-kills-new-watch-smuggling/ https://thetruthaboutwatches.com/2020/09/uk-kills-new-watch-... Chinese wealth export mechanism: https://www.ft.com/content/a9a34f94-9a49-4938-ae9e-ec4e6d2f4838 https://www.ft.com/content/a9a34f94-9a49-4938-ae9e-ec4e6d2f4...