Precisely Mr Moneybags (pun fully intended)
I am cashing in on my gens now, keeping the cash in the bank, and playing with reps which cost me substantially less. I never regarded my gens as "money on the wrist" and I bought them because I liked them. My collection went beyond $600k in value at one point and it has been going down since. I am contented to play with reps, and trade them off on a much smaller scale compared with trading my gen watches. Somehow I find it a lot more fun here.
Having said that, I would agree that what you posted is logical and theoretically sound, if the worth of watches are measured in terms of pure monetary value.
I collect watches as a hobby, from very low cost ones to some costing beyond $100k.
I enjoy the rep game, imperfect as they are, and there are some gens in my collection I would not sell.
A watch is something I enjoy wearing and glancing at on the wrist. It's highly personal and never for flaunting to another person.
I guess there are just some experiences in life which cannot be justified by monetary value alone.
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