Why I have no sympathy for the woman whose £10,000 handbag was stolen in London

And what’s true of designer handbags is true of designer watches, with Rolex and Cartier leading the league of most-stolen watches. One man who works for one of the pre-eminent names in that rarefied market once told me that a good, a really good, well made, handsome watch could be made for £500-£600. But, he said, you can’t possibly sell it for that. Oh no. These watches aren’t made to tell the time. The purchaser of a Rolex, a Cartier, a Philippe Patek would feel short changed, as it were, to pay less than £10,000 for their watch. You simply have to charge them so much they feel that they have something really valuable. Some cost £30,000, which is, I’d say, the sign of a vulgar plutocrat.

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