My late father would say "Simon dear boy, beware the man who spends £2,000 for his wrist watch and £200 for his suit"
How about " My late father would say "Simon dear boy, beware the man who spends £2,000 for his wrist watch or wears a suit"
I dont wear a watch. My stomach tells me when its lunchtime or dinner time and I go to sleep when I am tired.
I'm sure Simon's father was right in his time. Today I'd suggest it's more a case of "Beware the man with a £2000 suit and a £200 watch - because he's a vain fool"
Why? because of the impact of technology on current price and future value.
Once upon a time, a bespoke hand-made suit was the only way to get good cutting, detailing and a good fabric like an Italian 100s superfine wool. Nowadays, automated laser cutting and production has brought the price right down - even to £200 if you don't mind an M&S label or internet tailor.
On the other hand, a watch with a proper automatic chronometer movement can't be made well more cheaply.
So in five years time a £2000 suit will be worth the same as a £200 suit.. i.e. nothing. Whereas a £2000 watch could be worth something, maybe in excess of its purchase price or even its inflation-adjusted purchase price.
