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Well-Known Member
Yes, it's yours. You persist in relating production cost to market value. There is no such relation.
In your example, some materials are scarcer/more precious than others. But given that there's actually no relation between the functioning of a clock and the fact that it's made from unobtanium by blind wizards while hopping on one leg, that's immaterial.
Perhaps I’m not explaining myself clearly enough, so apologies if it isn’t coming through.
Im talking about raw material value. Not market value.
The raw material value of an expensive watch is more than the raw material value of a cheap Chinese watch, despite them functioning the same (in general).
Thats not me making it up, it’s just a fact.
The fact that that there is a big second hand market for expensive watches, where millions of other people see value in what you have, is also relevant - It means your purchase will retain value over the course of its life.