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The Luxury Watch Market: Scarcity, Demand, and Influence
This chapter delves into the intricate dynamics of the luxury watch market, exploring how scarcity and exclusivity drive up prices and demand. It examines the relationship between top brands like Patek Philippe and Rolex, highlighting their unique customer management strategies and the significance of personal connections in acquiring rare timepieces. Additionally, the chapter reflects on the historical impact of technological advancements in watchmaking and the resulting shifts in market dynamics.