There is an understanding that the luxury features of a Rolex are almost entirely unrelated to actual performance and that there are many other reasons to consider a Rolex.
Exactly, I don't own a Rolex, but I do own couple of decent mechanical watches, although I only wear my Fitbit nowadays.
Rolex will never be more accurate in time keeping than a Casio. But the mechanical movement is mesmerizing and adoring, the brand has a history that give you a pride of ownership, the fact that it's hand made by a person who had to master his craft is satisfying. The Rolex is heavy, big and clunky yet it's exquisite, hence, it's luxury.
Not to say that's how I would feel with HiFi, I don't think I will get that kind of feeling with a d'agostino amp.