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what makes watches great as collectibles is that they offer something you can easily store, show off to friends, spend fun hours researching and is adequately liquid to allow an easy exit. Also (bar replicas) the market is transparent enough that you rarely get completely ripped off if you do a minimum of research. In this age of consumerism, watches, together with vintage 911s and Defenders, offer something where the value doesn't follow Moore's Law downwards. While tech will become more pervasive, it will be less visible. We want to surround ourselves with people and items of tangible value. Mechanical watches are the supreme example of that. And, of course, we want the value of these items to rub off on ourselves, hence we want the best of the best; Vintage Rolex'es.
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