[geocar]

> What's the appeal of collecting high priced watches?

You can carry them on your person through airports and other places reasonably unmolested in a way carrying a bunch of cash isn't so easy.

> Is it kind of like art collections, where its a decent store of value

Art doesn't store value: It trades whatever number the parties exchanging it want it to have, so those parties can manipulate their total annual revenues, which might be confused with value if you cannot think of why else someone would want to tell other people they made more or less money in a year, but is not valuable to anyone else.

[skeledrew]

> It trades whatever number the parties exchanging it want it to have

I'd argue that that's the very definition of (economic) value. Someone puts a cost on a good/service, and someone who values and can satisfy the cost gets said good/service.

[geocar]

Sure it is, but that's not a way to store value (what economists specifically call store of value if you want to read more about it), which is a little different:

If you buy a €100k rolex, you probably can't be sure you can sell it for more than €100k anywhere at anytime in the future.

You probably can't even find a bank that would take that €100k rolex you just bought as collateral for €500k on a 30y mortgage.

That's why a €1m watch collection is never going to be worth €1m unless we're talking raw materials.

[embedding-shape]

> > What's the appeal of collecting high priced watches?

> You can carry them on your person through airports and other places reasonably unmolested in a way carrying a bunch of cash isn't so easy.

Now I have to ask, why do you need to carry a bunch of cash through airports, and why so often that you need a method of doing so?

I'm of course assuming you're doing this for legal reasons, I understand all the reasoning for less legal ones, but then that's hardly comparable to the original question, so I think this is a fair assumption.