For me it's brand above anything else. They've done a terrific job right from the start building the brand and doubling down on its history. I also shudder to think what Rolex's percentage spend on advertising, PR, sponsorships, ambassadors etc to revenue is. Sure they have a decent product but they sell markers for lifestyle and success so we'll pay more to be part of it and show off the fact we've "made it" or "faking it". As watch aficionados we can say that's crap but why do we want them then when we know we can get lesser swiss make with bullet proof eta for a fraction of the price? It's easy we want to be part of it.