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14 Myths About Luxury Watches Most People Still Believe

Updated on June 10, 2025 by TMM Staff · Accessories

A collection of luxury watches displayed in a store, with some on stands and one next to a decorative boat model.
©Sergio Zhukov/Pexels.com

Luxury watches carry a lot of myths, some harmless, others seriously outdated. From assumptions about price to misconceptions about tech, many people still get it wrong. This slideshow breaks down the most common false beliefs about luxury timepieces. If you’re buying, collecting, or gifting, this is the reality check you need.

Table of Contents

Toggle
  • Myth #1 Only the Rich Can Afford Them
  • Myth # 2 Mechanical Watches Are Obsolete
  • Myth # 3 Smartwatches Have Made Them Irrelevant
  • Myth # 4 Only Swiss Brands Are Worth It
  • Myth # 5  You Should Always Buy New
  • Myth # 6  Automatics Don’t Need Servicing
  • Myth # 7 Bigger Watches Look More Impressive
  • Myth # 8  It’s Not Luxury Without Diamonds or Gold
  • Myth # 9 Only Experts Care About Movements
  • Myth # 10 Watches Don’t Hold Value Anymore
  • Myth # 11 You Shouldn’t Wear Them Every Day
  • Myth # 12 You Need a Huge Collection to Be Legit
  • Myth # 13 Luxury Watches Are Always Low Tech
  • Myth # 14 The Industry Is Dying

Myth #1 Only the Rich Can Afford Them

A close-up view of a Tudor Black Bay watch with a black dial and a stainless steel bracelet on a textured dark surface.
©Fidel Fernando/Unsplash.com

While some luxury watches cost a fortune, many respected brands offer models under $5,000. Options from Tudor, Oris, and Longines deliver craftsmanship without the extreme markup. With installment plans and growing resale options, luxury is now within reach. You don’t need billionaire status to own one.

Myth # 2 Mechanical Watches Are Obsolete

A person's hands meticulously working on the intricate internal components of a mechanical watch using tweezers.
©Tima Miroshnichenko/Pexels.com

Mechanical watches aren’t outdated, they’re iconic. Their appeal lies in craftsmanship, heritage, and intricate engineering. While smartwatches offer convenience, mechanical pieces offer lasting value and personality. Many owners wear both for different reasons.

Myth # 3 Smartwatches Have Made Them Irrelevant

A black smartwatch with a dark screen and a black band resting on a white surface.
©Infino Photography/Unsplash.com

Luxury watches and smartwatches serve different purposes. A smartwatch might track your heart rate, but it won’t turn heads at dinner. Many men wear a tech wearable by day and switch to a mechanical piece at night. They coexist, not compete.

Myth # 4 Only Swiss Brands Are Worth It

A close-up of a Grand Seiko watch with a white dial, a date window, and a brown leather strap.
©Andy Kennedy/Unsplash.com

Switzerland may lead in luxury watch heritage, but it’s not the only game in town. Brands from Japan (like Grand Seiko) and Germany (like Nomos) are also top tier. Quality and design matter more than the country of origin. Modern buyers are exploring globally.

Myth # 5  You Should Always Buy New

A person's hands typing on a laptop keyboard, with various images displayed on the screen.
©Cottonbro studio/Pexels.com

The pre-owned market is booming and legit. Certified sellers now offer verified, serviced watches with warranties. Going secondhand gives you access to rare or discontinued models. It’s smart shopping, not second-rate.

Myth # 6  Automatics Don’t Need Servicing

A man wearing an eyewear loupe, intently working on a watch at a workbench filled with tools and watch components.
©DaveH/Pexels.com

Even top tier automatic watches need maintenance. Over time, oils dry up and parts wear down, which affects accuracy. A service every 3 to 5 years keeps your investment running smoothly. Skipping it can shorten the life of your watch.

Myth # 7 Bigger Watches Look More Impressive

Two luxury watches, one with a dark dial in the background and a silver-toned watch with a white dial in the foreground, resting on a reflective surface.
©Fidel Fernando/Unsplash.com

Oversized doesn’t mean luxurious. Watches that overwhelm your wrist often look cheap or flashy. A well proportioned case enhances your style and feels more intentional. Fit matters more than size.

Myth # 8  It’s Not Luxury Without Diamonds or Gold

A close-up of a luxury watch featuring a black dial surrounded by baguette-cut diamonds and a gold-toned case.
©Kent Lâm/Unsplash.com

Materials like stainless steel and titanium are just as respected in luxury circles. Some of the most sought after watches are simple in appearance. Design, movement, and rarity matter more than flash. Subtle can be serious status.

Myth # 9 Only Experts Care About Movements

The exposed intricate mechanical movement of a luxury watch, showcasing gears and other components.
©Quang Viet Nguyen/Pexels.com

Even casual buyers are learning to appreciate what’s under the dial. The movement determines performance, craftsmanship, and resale potential. You don’t need to be a watchmaker to admire good engineering. Learning the basics adds meaning to your purchase.

Myth # 10 Watches Don’t Hold Value Anymore

Several luxury watches displayed in individual cases on a shelf, with some watch boxes visible in the background.
©Kool C/Unsplash.com

Not all watches depreciate. Limited edition models and certain brands can appreciate over time. With platforms like Chrono24, resale has become mainstream and profitable. You just need to know what you’re buying.

Myth # 11 You Shouldn’t Wear Them Every Day

Two luxury watches, one silver and one black, placed on a bed of rocks and sand.
©Hussein Sorkheveis/Unsplash.com

Luxury watches are made to be worn. With scratch resistant crystals, water resistance, and solid construction, many models are daily drivers. They’re not too precious to use, just too special to waste. Function and fashion can go hand in hand.

Myth # 12 You Need a Huge Collection to Be Legit

A display of multiple luxury watches with various designs, some adorned with jewels, showcased on individual stands.
©Soscenic Photography/Pexels.com

A thoughtful two or three watch setup can outshine a giant drawer of random pieces. Collecting isn’t about quantity, it’s about connection, purpose, and wearability. Curate, don’t hoard. Your watches should reflect your lifestyle, not just your budget.

Myth # 13 Luxury Watches Are Always Low Tech

A close-up black and white image of a mechanical wristwatch placed on a dark surface.
©Pixabay/Pexels.com

Luxury doesn’t mean anti-tech. TAG Heuer and Montblanc now offer hybrid or fully digital watches with premium build quality. Even mechanical watches have evolved through materials and micro precision. Modern luxury embraces innovation.

Myth # 14 The Industry Is Dying

Several people Browse and looking at displays of watches and other electronic devices in a modern store environment.
©Jason Leung/Unsplash.com

On the contrary, the luxury watch market is thriving with younger buyers, global demand, and digital resale platforms. People value timelessness, durability, and personal expression, everything a luxury watch offers. The myths may be fading, but the watches aren’t going anywhere.

Accessories ethical clothing, sustainability, Tentree

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About TMM Staff

The Modest Man staff writers are experts in men's lifestyle who love teaching guys how to live their best lives.

If an article is published under TMM Staff, that means multiple writers worked on it. For example, sometimes several of us have experience with a certain brand, so we collaborate to publish a more thorough review.

Or, if an article was originally written by one person, but then it was updated by someone else, we'll re-publish it under TMM Staff.

Remember: all of our articles (including those below) are written by real people with decades of combined experience in men's fashion and lifestyle topics.

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