But that is exactly my point. I don't think anyone is trying to compare an Apple watch to that niche market of (single person working for a year) hand-made watches your referred to in another post.
You said that:
But actually, these are the kind of watches people spend 100k plus on (notice the extra 0).
Gold watches that retail for 20, 30 or 40k are as mass-produced as the Apple Watch will be. They are hardly exclusive and appeal to a special segment of the population. One that is not rich but can afford these kind of "luxury". And for these people, spending 10k on a watch that might be unusable after 4 or 5 years might not such a big deal.
Notice you're referring to the higher end. You think the only hand made mechanical watches you can buy are 100k.. you can spend millions on some (notice the extra zeros). They are works of art. Some people sell their artwork for hundreds, some thousands, some millions. Heck you can even buy handmade watches on etsy for a couple hundred dollars, they're just not the patek philippe's everyone recognizes.
The whole point is they are unique and you don't seem them on everyone's wrist. The point you made about some people spending 10k on a watch that might be unusable in 4 or 5 years might not be such a big deal for them is true. True or not, it still isn't unique. IMO, It's more or less a status symbol for people who don't they won't be passing it down or seeing a return on their investment.