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Monday, November 10, 2014

How the 0.1% spend their money


Sotheby's expects the bidding for this "supercomplication" watch to reach $17,000,000.

A video at the Wall Street Journal, which I can't embed, attempts to explain why this watch is worth that much money.  It doesn't address the question of why a person should spend this amount of money on a watch rather than, for example, improving the world in some meaningful way.

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