Re: Watches
The functionality of a time piece GREATLY affects value in the higher priced pieces. A tourbillon is a $40,000 addition to a wristwatch, and that is just to build to predesigned specs; after factoring in R&D the cost is stratospheric. A minute repeater adds at least $25,000 whereever it appears.
Patek just released a version of their new 10 day power reserve in a tounneau case, and after adding a tourbillon the cost at retail is $260,000. And the thing is that this watch is this price exclusively because patek found a way to incorporate two exceedingly hard complications into a wristwatch movement.
A combination of complication and asethetics rules the watch world at the highest levels; when a watch can take 2 years of continuous work to build, youn won't get it for a hug and some candy.
A very good fried of mine proffessionally trades fine watches, and has always said that if you want to buy a watch for less that 5, stick with vintage rolex or a very well kept but undesirable patek. They will produce monetary advantages later on that cannot be consistently had with even a fine watch like Girrard Perrigeaux or Jaeger le Coultre.
Cam
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