Agreed.
It made no sense to me it was fuelled by makers, particularly Rolex, manipulating the availability to make even mass produced base metal watches hard to get which was OK for when demand was growing but not as soon it stagnates.
A bit like a Ponzi scheme.
I have thought for a long time that Rolex collectors have simply lost their minds, making space for mere speculators.
My own collection comprises mostly unique buying opportunities, and Rolex watches never seem to fall into that category. So, while I'm wearing a watch at this moment that retails for more than a typical Rolex three-hand watch, I bought it second-hand from a reputable company for about half of what the most mundane Rolex Datejust two-tone with a worn fluted bezel sells for used.
Back to the thread topic: My iphone tells time just fine, but it's in my pocket. Pulling it out in a corner-office-with-flags-behind-the-desk office would not be advisable. A surreptitious glance at one's wristwatch (which would be made unsurreptitious by having to flick the wrist to get it to light up) would, on the other hand, not go unnoticed.
My first "good" watch was a Hamilton QED quartz LED watch. That watch was hard on batteries, and the display was only on when one pushed a button. That watch became impractical to wear because of that little button-pushing requirement--too often and for whatever reason the other hand was not available.
Wristwatches started replacing pocket watches in 1904 when Louis Cartier made a dedicated wristwatch for his friend Alberto Santos-Dumont to use while piloting his experimental flying machines, when he could not remove his hand from the controls to fetch a pocket watch. And yet people now say they don't need a watch because they have a smart phone.
I own dozens upon dozens of watches. Several of them are battery-powered. Invariably, when I have the urge to wear one, the battery is dead and it has to go in the fixit pile. That has never happened with mechanical watches. Even if they need servicing, they can be worn a day or two a year without significant further damage.
But it's a fair cop that the watch industry has seriously hindered independent watch repair, which makes keeping one's mechanical watches in a state of good service unnecessarily more difficult. The watch industry is going to have to face this issue. Rolex is actually better than most about that, though their authorized service providers are no fans of Rolex corporate policy towards them.
Rick "admires Rolex's business acumen but has no interest in owning one" Denney