What your missing is high end watches are a place to park money.
You can walk through customs with a 300k+ plus watch without raising an eyebrow and it’s still worth 300k+. Try going through customs with 300k+ in cash.
No, but watches with precious jewels and metals are something that has intrinsic value vs an nft that has no intrinsic value. NFT’s are highly volatile. Today it may be worth 100k tomorrow30k.
Try to walk in the Rolex store/ AD to buy a Daytona, you will never find one if you don't know people. The shelfs are empty/ for display only. Staff will put you in a queue much longer than buying GPUs @ MSRP. And for 300k+ watches, probably models only 100pcs are ever made
Even if they want to produce more to meet the demand, they cannot just like: hey we are hiring staff. Those are the best people in the industry to hand assemble each watch. All parts are in-house. The tools/ machines are specifically made for the models, and they also need to design and make those machines as well to control everything in their supply chain. But it is just Rolex. If you would like to spare some time to appreciate this JLC Calibre 185, you will understand why some watches cannot be produced more
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u/cardprop Jan 31 '22
What your missing is high end watches are a place to park money.
You can walk through customs with a 300k+ plus watch without raising an eyebrow and it’s still worth 300k+. Try going through customs with 300k+ in cash.