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Luxury items are expensive That is neither a new nor revolutionary thought But whereas purchasing a Ferrari or an Andy Warhol painting begets a price tag that most people are happy to justify — seller, buyer, and overall marketplace — equivalent items from the world of timepieces are often held up as “too expensive” That isn’t to say it makes sense to purchase a watch that costs the same as a sports car.
However, people need to better understand that the man-hours, research and development, and tactile additions that go into manufacturing a luxury vehicle also apply to something small and wearable like a luxury watch. Suppose the average person wanted to spend $3,000 and earned a salary in line with the U.S national average of $44,564 per year, based on a traditional 40-hour work week That purchase would be 67 percent of their annual income before taxes So what exactly makes a wristwatch cost — and actually worth — nearly seven percent of. More
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The watch industry, then finds itself at something of a crossroads, as does one historic watc...read more
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