WHY DO MECHANICAL WATCHES COST SO MUCH?
Mechanical watches are anachronistic; and as a timekeeping device, rendered obsolete by even the cheapest quartz watches. Obviously, you are not paying for timekeeping performance, so why do mechanical watches cost so much?
There are many reasons, such as the amount of skill and labor required to decorate and finish the watch movement; the costs involved a developing a brand new movement; the exotic materials used such as gold and platinum; but the short answer is because they can.
Mechanical watches these days are more of a luxury accessory than a timekeeping device. A watch from brands like Patek Philippe and Rolex is more than just a mere watch, it is a symbol of heritage, quality, craftsmanship, and above all, prestige. In economics, they are known as ostentatious goods. If everyone could afford one, they would not be sought after. And the simple fact is that these brands with high prestige can charge whatever they want because they are people who are willing to pay for it.