Let's face it, almost every WIS is plagued with the opportunity cost of owning expensive watches. Whether your collection is 20x affordables averaging $200 each or 2 Omegas at $3000 each, there's no denying that this is serious money being poured into non-essential items.
This really set in when I attended a business seminar with about 200 well dressed people. Of the watches I could identify, none of them appeared more expensive than my humble Lum-tec. Maybe there were some Rolexes in the far corners of the room, but it certainly seemed that even successful (in general) people aren't that well vested in watches.
So what is my opportunity cost?
I could have:
1. Put my watch money into a stock that recently tripled. This wasn't a hypothetical hindsight scenario, I was ready to buy into that stock while it was low.
2. Sold my car, added my watch money, and bought a nicer car.
3. Bought ~7 years of gym membership.
4. Added it to my "travel North America" fund - worth 2-3 weeks of additional vacation time.
5. 50 poker buy-ins at well known Sydney Casino.
6. Bought a pet dog and paid for food, medication, a kennel, etc. with cash to spare.
Of course, I'm not going to dwell in regret, but this opportunity cost is nothing to scoff at.