Who buys a $10,000 watch these days?
When Osvaldo Barbosa, an electrical contractor from Bridgewater, bought his first luxury watch he was so nervous about spending $2,500 he considered returning it. That watch led to another and another.“I have a nice car, but when you get to that cookout you park it outside. The watch is always with you.” Other buyers agree. After hitting $4 billion in 2007 and then dropping to $2.6 million by 2009, US sales of watches that cost $1,000 are on the rebound.