My brush with the good life: Wearing a $77,000 watch
In the literature of watch geekdom we often bump up against watches that cost well into the six figures, some even in the seven. I take a populist stance on the purchase of watches and encourage the intelligent watch collector to purchase what they can afford or, better yet, save up for a nice watch they can wear forever. I also, for the most part, scoff at any watch over, potentially, $20,000.
A few weeks ago I went to the JCK show in Las Vegas, a strange trade show for jewelry manufacturers where I learned a few interesting things. There I was given a glimpse at the real underpinnings of the jewelry world and came away with a few insights. First, most jewelry is literally marked up 100 percent. That $5,000 wedding ring? It cost the shop $2,500 or less. That gold ring for $400? It probably cost $50 to make and sold to the jeweler for $150. The second thing I learned is that the difference between expensive and ludicrous can quickly be crossed when when talking about highly engineered, bespoke wristwatches and that, when wearing a $77,000 on the subway, you often concern yourself not only with not scuffing the watch against a metal pole but also with the possibility of being stabbed for the hunk of steel and precious metals on your wrist.



