system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Luxury watches are useless in the practical sense

I am not talking about the watch you use time your interval training, or the waterproof watch you bring for diving. I am not even talking about smart watches such as the Apple watch.

I’m talking about the Rolexes. This piece of luxury good is special in that it serves no conceivable practical function as almost everyone carries around a smartphone with them nowadays, even in LEDCs. A sports car can go faster than a Toyota. A big house can give you a sense of spaciousness and comfort. A private yacht can be used to travel on water. The luxury watch, on the other hand, is clearly poorer at telling the time than the synchronised smartphone.

Moreover, since the watch is even more expensive than a smartphone, you would be even more worried of losing it.

Not discussing about it being a status symbol, just the practical functionality. Anyway possessing a status symbol may be viewed positively or negatively by different people. I personally silently judge the people who prefer to put the 20k into a watch than into an ETF.
gpt
Do you consider a necktie to be useless in a practical sense?  Or makeup?  Or tooth whitening toothpaste?

A luxury watch is like any other accessory, it is designed to make us more attractive, either to others or ourselves.  A feeling of confidence from looking good can propel you through all kinds of stressful situations, which seems plenty practical to me.