Stopped by my local jewelers at lunchtime today (to pick up a repaired watch - not shopping). The place was packed, and I had to wait a while despite there being 8 salespeople.
The lady who retrieved my watch showed me a $285,000 watch. Used. It doesn't look fancy or flashy at all. She told me they would sell it this week, already sold one just like it earlier in the week. I admired it, but I prefer my old Accutron that my wife gave me the first year we were married (and my Timex Explorer for banging around). She also showed me a pretty bracelet, $60,000. She said they had had five of them three weeks ago, now down to this last one.
They have an armed rent-a-cop on duty full time.
When I finally got my watch delivered from the repair and jewelry construction area upstairs, she handed it to me and said "No charge. It was a simple repair, just a cleaning and oiling. Merry Christmas."