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Horological Meandering

Great post, Bernard. To me, though, the heart of the market remains

 

people who are not European old money but see European old money as the epitome of class and aspire to partake of its atmosphere and values. While there are certainly other segments of the market, that part is large and has a lot of spending power. It will not stray from what it perceives as European old-money values in watchmaking. While some watch companies cater to other market segments, many continue to design for the preferences of those who are attracted to the perception of stability and aristocracy associated with fine mechanical watches. This makes sound economic sense; in my view, since watches are intrinsically anachronistic and reflect the embrace of obsolete technology, it makes sound aesthetic sense as well.

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