Expensive Swiss Watches: The High Cost of Maintenance
Many buyers think that buying an expensive watch is like buying a bottle of of precious wine. Purchase the item and enjoy, right? That might be the case with vino but it couldn't be further from the truth with pricey timepieces, especially if they house mechanical movements. These need to regularly serviced every four or five years and this can be an involved and expensive process lasting months and costing as much as the original purchase, as the New York Times recently reported:
This involves a watchmaker disassembling the movement, placing the parts in a chemical solution to dissolve oil, dirt and dust and applying new lubricants before carefully reassembling. It is a highly technical job that requires an experienced watchmaker...
In the past 10 years, the number of highly complicated watches has grown exponentially, creating a potential servicing time bomb for the manufacturers.
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