Expensive watches

I heard that many people have invested in expensive watches in Singapore. This is how the watches are marketed.

* Usually, the wateches are from a well known brand name.

* The customer are told that the prices of the watches will increase in price by 10% or 20% soon. You have to buy the watches now to enjoy the low price.

* Many people bought the watches and paid $5,000 to $10,000 for each watch. They think that they have benefitted from the 10% to 20% discount.

Think again. What is the value of the watch? You can buy a good, practical watch for $100. Why do you have to pay $5,000 for a watch, just becuase it has a good brand name?