@Taubenweg didn’t just boil it down to affordability as the only factor. That post also acknowledged that personal preference plays a role. A person might really like the Hermes edition but not purchase because affordability is an issue. Likewise, some can afford it but choose not to because they do not find the added perks of the Hermes edition to be worth the (significant) added cost.
At the end of the day, the question of whether a luxury product is “worth it” is an extremely personal one because it depends on what
you value most when selecting a product. The video below has a really good explanation of this (he also has some great reviews of Hermes Apple watches themselves and why someone might buy one).