I think a luxury watch is the ultimate status symbol.The reasons for this go far beyond stories and personal connections. Watches are more accessible than many other luxury products. That means the variety of people who can enjoy them is much wider, even if certain timepieces are much more expensive than a car or even some houses. Another reason is their timeless designs. While classic Rolex and Patek Philippe models have not changed much over time, cars seem to be redesigned every few years or so. This often means that luxury cars quickly depreciate in terms of status.