Some have a price tag which can seem high, but which is justified for a number of reasons. Generally speaking, because of the nature of their movements, mechanical watches are more expensive than quartz watches. The production of quartz or mechanical movements is at the cutting-edge of technology.
How much does the average person spend on a watch?
The average American makes about $50.000 a year, so that comes down to a total of $500 for your watch. And luckily for us, a lot of watches are $500 or less. The great thing about this 1% rule is that it's percentual. It works for anyone, whether you're on minimum wage or a multi-millionaire.
What is the most expensive watch to buy?
As of December 2020, the most expensive watch (and wristwatch) ever sold at auction is the Patek Philippe Grandmaster Chime Ref. 6300A-010, fetching US$31.19 million (31,000,000 CHF) in Geneva on November 9, 2019.
What is the average watch price?
Watch Average price
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Rolex Daytona 16520 37,406 $
Patek Philippe Nautilus 3712 1A 129,982 $
Rolex Explorer 2 1655 26,117 $
Rolex GMT Master 16700 11,948 $
How much should a decent watch cost?
Nice watches are expensive. If you want a decent mechanical Swiss watch it is going to cost you about $500 on the very lowest-end. You should expect to spend $1,000 $3,000 for most 'entry-level mechanical Swiss watches', and mid-range mechanical Swiss watches can go from $5,000 $10,000 (or a bit more) these days.