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> Because luxury watches are a status item. Rolexes are a status item. They're cheap in the world of watches. Many brands you've never heard of command far h
by Mikeb85 4y ago
> Because luxury watches are a status item.
Rolexes are a status item. They're cheap in the world of watches. Many brands you've never heard of command far higher prices.
The value is in the fact someone who studied horology their whole life devoted a certain amount of hours and effort into creating something. People who love watches love the craftsmanship.
- kqr 4y agoSure, but this sidetrack were started from the fact that there are many hobbies where people devote hours of craftsmanship and effort into creating something that's not considered nearly as valuable. So "hours of craftsmanship and effort" is not what makes something valuable. It takes something else -- in this case that it's a status symbol. A long time ago it would have been certain tulips. Now it's watches.
- Mikeb85 4y agoIt's demand that makes it valuable. And it's demanded because some people appreciate it. That's it. If people want it, it has value. Period.
- kqr 4y agoNo, but it's different. Wheat has value because people want it. Regular watches have value because people want them. Luxury watches have value because other people want them. Owning an actual luxury item is pointless if there's nobody to brag about it to.