Then why $5k and not $500? You can buy a very nice, well-built, all-metal mechanical watch with a high-quality ETA swiss movement for about $500. It is an arbitrary line no matter where you chose to draw it. You think spending $500K is insane, but $5k is OK? Most people would think spending $5k on a watch is insane. The guy who buys the $500k watch probably thinks that is OK, but $20 million is insane. I would never spend more than a few thousand on a watch.
But it’s not so much that $500k is a crazy amount of money for a watch. It is, of course. But as you allude to, some people have crazy amounts of money to spend. What I find particularly odd though is the idea that the two watches are so close to being identical that the kinds of people who would spend $500k on a watch can’t actually tell them apart.
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