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My only challenge is that I get its a one off, but it's a one off in an infinite series of one offs.
(also,a limited watch series is hoax...)
ChainBreaker-
Look, I don't disagree with the fact that it's largely bollocks and blatantly another mechanism for money laundering.
My guess is that like regular art the huge values are manipulated.
Overall though I think there is a lot of trying to rationalise the value of something that is just as irrational as almost every other similar asset.
Edit: obvs I get the value of authenticity
hugo7
How about a vintage camera you'll never use to take a photo?
Or a toy in it's box that you can't play with?
To me it's just collectables being collectables.
(Cue all the people jumping in to explain why their piece of old mass produced furniture/watch with a brand name and an inflated value is a rational collectable.)