Quote:
Originally Posted by TSM330i
Wow! This set off quite a few responses. I haven't been on the forum for a few days.
Bottom line is: IF you can afford $2 million for a watch, the "other items" listed won't really come into play. It's a completely different mind set. More than likely, the person that can afford this watch, already has all the other items.
A buddy of mine was asking me about watches (he knows nothing) and the brands and models he was asking me about were all $135,00 - $225,000. He said a friend of his was looking for a daily wear watch. Turned out he did buy the one for $225,000, he's also a billionaire.
|
+1. There's much ado about nothing regarding the price of this watch.
As a personal rule of thumb, one should never spend more than .5% of one's wealth (non-inclusive of primary residence) on a watch. The kinds of people who buy $5000 watches are usually worth around $1M (5000/.005) which pretty much follows what you'll see in practice. People who buy $100,000 watches are worth around $20M. People who buy $2,000,000 watches are billionaires. Most "middle class" watches can be had for < $1000 and are affordable, by this criterion, to people worth $200,000 (or less).
The people who are suggesting that one buy a $150,000 PAM in lieu of this $2,000,000 RM are missing the point. These are different markets.