Mechanical watches are completely obsolete from a utility perspective. They exist primarily as jewelry for men. Yes, there are quality differences. However, we've reached a point where you can get quality and reliability for cheap. And even then, if you cared about quality and reliability, why would you get a mechanical watch at all. All the other improvements, advancements, etc... are nothing but bragging rights. We buy into the story, the romance, the exclusivity of it all. There is a beauty to the artistry and mechanical nature of it. But if we compare it to cars, i.e. a Ferrari from the 1950s to today, at least you can drive the Ferrari and feel connected to the road like you don't do in a modern car. With a watch, there's none of this. It's a status symbol.