I have an illogical reason that prevents me from buying any watch that would cost more than £500 and even that price is a stretch, £300 would be more comfortable. Now this is the actual selling or street price, not the rrp. A watch could be £10,000 but if I could legally buy one for £300, (maybe £500) I would consider it.
I have a sort of logical reason, but that is probable exclusive to my head and I would not like to inflict that on any other poor soul. Having worked in technology for the whole of my working life, I have a rough idea about how much it costs to make most technological stuff. I am well aware that the initial prototype of "Widget X" can cost $1,000,000 to fabricate, but the next 10,000,000 you make can cost just £10, or $10 including materials, manufacture, marketing and profit, each. OK the figures may change but the rough idea of costings will remain the same.
There are watches on sale today, that were about in my youth, a long, long time ago! So now even taking into account inflation over the years cost 10, 20, 50 times more than they did back then. Yes they may have a very high perceived value, which means you could wait in line and be allowed to buy one and sell it in a years time for pretty much the same amount or perhaps more money. But these are watches! They are not Financial Instruments! I would rather "invest" in something that does something, makes something and employs a load of people.
At the end of the day, the logical explanation is that what we are all mildly obsessed with around here, just tells us what the time is! Maybe if we are lucky it also tells us the date, day, moon-phase, measures random intervals of time and uses something mind boggling clever to keep a very accurate measure of the passing of time over sometimes years. To me that has a value, I have devices that I paid just under Five Quid for that do that very well, like +/- 20 secs a month and will keep doing it for quite a long time if I feed them a new 99 pence battery every 3 to 5 years or so. Some look better than others, weigh more or less and do things like keep the water out. In consideration of that I will pay more, but as I stated up front, my generosity has a limit!
If you reached this far, thank you for reading my attempt to make the illogical - logical :-!:-!
Very best regards,
Jim:-s