Originally Posted by Sniper X
It is: In some cases all or some of these.
An investment, some of these fine watches increase in value, most do.
A status symbol, in a LOT of cases this is key.
A work of art, many are.
Some can spend 15 grand on a watch like some can spend 50 dollars. So trying to attach the question of why someone would spend 15K on a watch is like asking why someone might spend 50K on a car or 300k on a house. If they have the money to spend...wy not?
Yes...some reasonable points, albeit cars and houses have a clearer quality of basic need, whereas watches fall much more soundly in the area of discretionary wants.
And then there's perspective. It's gobs of money to one person...it's a drop in the bucket to another. It's unreasonably inaccurate to one person...it's perfectly within reason to another. It's unreasonably costly to maintain to one person...it's the cost of luxury (and a drop in the bucket) to another. It's just a timekeeping tool to one person...it's got intrinsic value to another.
You miss a big one...that hyperbole easily makes rational decisions sound irrational.