The status watch. Among those who know the handshake, it can telegraph success and taste (or lack of same). Some may argue that with a clock on every smartphone and mini computers on many wrists, no one needs a mechanical watch. But needs are different from wants. A man’s desire for an expensive mechanical watch isn’t about logic; it’s about emotion.
Actually, the status watch, like all forms of conspicuous consumption, is about logic and emotion—both of them bound up, as Veblen understood it, in a system of invidious distinction and pecuniary emulation. It is, ultimately, therefore, a symbol of the latest stage of predatory behavior.