And how does that work for a ratio compared to the original price of each. Of course the Timex will cost way less than the depreciation of the Rolex.The more you spend on a watch, usually, the more it will hold its value.
Compare old Rolexes to old Timexes for an example.
-Don- Reno, NV
I don't care about the reason Don, I was just pointing out that throwing away the Timex still is a lower money loss than the Rolex -- that's why I asked about the ratio, or for the percent of depreciation, not the why.
Back in the 50's, the band on my dad's Times broke while he was planting sweetcorn one April and in late June I discovered it will harvesting that corn. I took it to dad and he cleaned it up, replaced the band and wore it for quite a few more years. I never heard of that happening to a Rolex.I never heard of that happening with a Timex.
Lots of people buy very expensive watches that they never wear. Much like people collect coins they never spend or guns that have never been fired, etc.If you want to be flash and show off your wealth, you buy high end.