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Multiple average watches, or 1 expensive watch?

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Not here to argue about what classifies as a watch with status/class/tier etc, but rather about the viability of owning several watches versus putting all your money on one.

Would you rather have

1) Several watches of different designs, colors and brands so you can wear with different clothes on different occasions?

OR

2) One single high-class and expensive watch?

Assuming the money you spend on both choices is the same?

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