Gray C
Grumpy old bugger

I know I'm late to this party 3(if that's what it is, here) but I'm going to have to somewhat disagree with (or at least apply a corrective to) the above. Just as in the binocular world where we have Swarovski, Zeiss and Leica as brands which produce unarguably "alpha" binoculars, in the watch world (wild and wacky and HUGELY more expensive than the binocular world) they have the "Holy Trinity": PP, AP, and VC (Patek Philippe, Audemars Piguet and Vacheron Constantin). The fact that these brands are largely unfamiliar to the general public is neither here nor there and most likely part of their attraction.
Despite (or perhaps because!) of being the most-recognised "luxury brand" in the world, Rolex is pretty much looked down on in the watch-snob world as "mid-teir" (at best)! Let "them" think a Rolex is impressive - "we" know better!
And, sure, there are pretenders: from Japan you have Grand Seiko (or, even, Credor if you're working further up market), from Germany you have A. Lange & Söhne or even, back in Switzerland, you have Jager LeCoulture (who 'til recently actually made most of the movements in Holy Trinity watches)... Etcetera.
.. but .. well .. no matter the quality or even -- in the US$1,000,000+++ range -- no matter the price :eek!: it just doesn't matter - it's Holy Trinity or nuffin. As far as unassailable prestige goes, to a watch-snob: The end.
If you have a watch from one (or more!) of the Holy Trinity, your position is pretty much unarguable, leading me to agree with you in this sense:
...Mike
[P.S. I've only looked from the outer edges of the "watch world". I own only three watches even vaguely considered "luxury": a JLC (long story), an Omega, and a Tudor .. in descending order of prestige (and I mostly wear the Tudor, 'cause it's the most useful of those watches). Hell, even my JLC is at their lowest end and has a movement which is mostly machine-produced (the horror!) Yet all would be more expensive, new, than an "alpha" bin. None are in the Holy Trinity - which I don't aspire to at all - I find the "watch world" often unappealing, and not just financially.]
I own the following watches,
Omega Seamaster, Omega Planet Ocean, Tag Heuer Carrera Flyback with the Zenith Calibre 36 movement and a limited edition Christopher Ward.
Like you say the watch world can be very financially challenging and I do not intend buying anymore
However, in the binocular world a Swarovski 10x42 NL seems quite appealing as my next purchase, at a cost considerably less than a few of my watches set me back
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