What is the difference between cheap watches and expensive watches?
The average price of a standard men’s wristwatch is around five hundred dollars, while expensive quality wristwatches can range from a thousand to even hundreds of thousands of dollars (Heaton, 2021). There are some key sources that mainly determine a watch’s price. Watches made with cheap materials may have rougher edges, simpler case shapes, and less brushed and polished surfaces. Quality watches often have more complex and manual manufacturing methods. The design also accounts for a large portion of the price. The brand of the watch plays a part in the final adjustments to the price (Huynh, 2020).
Why people buy expensive watches
Here are some reasons why people purchase expensive watches:
- Gift
Luxury watches are a good and popular option as gifts for special occasions such as birthdays, anniversaries, weddings, or even marking certain milestones since they hold so much meaning and value (McMillian, 2021).
- Profit
Many high-end and limited-edition timepieces are in high demand, but sometimes the company cannot keep up with the demands. When this happens, the price of the watch increases exponentially from its original price. Some watch collectors buy and wear watches for a few years before losing interest and reselling them, often making a significant profit (McMillian, 2021).
- Style
Many people have trouble expressing their personal style every day, especially when dressed formally. Therefore, watches make an easy and excellent addition. The watch wearer can select the color, design, and style of a watch to their own taste. This means that wearing luxury watches in their style can express a piece of the wearer’s personality (McMillian, 2021).
- Opportunity-Status
Wearing luxury watches can make people look more appealing and often gives them more respect during business meetings or when talking to a potential client. It can also be a good hobby for people who love collecting watches (Williams, 2022).
Conclusion
While it is true that some people purchase expensive luxury watches in order to demonstrate their prestige and elite status, there are a variety of other ways to use watches. They are an excellent choice for increasing self-confidence, which leads to improved actions and performances. Despite their high cost, they are well worth it.
References
Huynh, M. (2020). The Difference Between A $500 & $5,000 Watch, Explained By An Expert. [online] DMARGE. Available at: https://www.dmarge.com/cheap-expensive-watches [Accessed 17 February. 2023].
McMillan, N. (2021). 5 Reasons Why Buying a Luxury Watch is Worth It. [online] First Class Watches. Available at: https://www.firstclasswatches.co.uk/blog/2021/11/5-reasons-why-buying-a-luxury-watch-is-worth-it/ [Accessed 11 February. 2023].
Williams, S. (2022). 5 Reasons to Buy a Luxury Watch and Why They’re Worth It. [online] SenseOrient. Available at: https://www.senseorient.com/5-reasons-to-buy-a-luxury-watch-and-why-theyre-worth-it/ [Accessed 17 February. 2023].
