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Luxury watches are a good analogy too. A $5 watch from the gas station will give you the time just fine but there’s a market for watches costing hundreds of tho
by chasd00 2y ago
Luxury watches are a good analogy too. A $5 watch from the gas station will give you the time just fine but there’s a market for watches costing hundreds of thousands of dollars.
- bookofjoe 2y ago$31 million: https://www.gq.com/story/patek-philippe-31-million-most-expensive-watch https://www.gq.com/story/patek-philippe-31-million-most-expe...
- tiagod 2y agoIn the case of watches, the luxury ones will actually be much worse at telling time than the $5 quartz one, by design!
- nthingtohide 2y agoYou don't even need a watch. Smartphones can tell you time (you can configure to show times for many timezones) yet there is a market for watches (luxury or normal)
- xigoi 2y agoA watch is more convenient. I don’t need to take my phone out of my pocket to see the time, I just look at my wrist.
- karn97 2y agoI think you're quite underestimating how many times a person takes their phone out and it's way more than they turn their wrist around to see their watch
- xigoi 2y agoI bought a watch about half a year ago just because I was tired of taking out my phone to check the time, so I know what I’m talking about.
- Suppafly 2y agoWatches, are just jewelry for most people any more. There are few people that can't check their phone for whatever reason that need functional watches, the rest of society mostly uses them for fashion.
- temp0826 2y agoI'm convinced expensive watches are exclusively used as a vehicle for money laundering
- deleted 2y ago[deleted]
- bluecalm 2y agoMy friend does some trades in watch market as he gets access to limited editions from time to time (if you know right people in dealerships you can sometimes buy a watch out of line if the original "subscribed" buyer doesn't show up). There are quite a few people who want to buy an expensive watch or two to show off on their social media. People just really like shiny status symbols.
- srveale 2y agoShady business, potentially, but you might be underestimating how much some guys really, really need to have the most expensive watch in their friend group.
- golergka 2y agoBeauty is worth something.