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Why would someone want to buy a low-end piece that is niche and because discounted price is beyond me. A used Submariner speaks a lot more.
On display, go either very high end (luxury brand, top notch brand recognition, Rolex etc) or very low end (like $10 Casio). Mid range piece without mod and not common (too expensive to mod, too niche to get recognized) will have hard time to find justification to wear it.
Of course, if you are a got-to-catch-them-all collector, that is entirely different story.
And yes, perhaps a used Submariner says a lot more than the PSM, but the important thing isn’t how much (or how loudly) your watch speaks; it’s what it says. To me,the message the Rolex conveys isn’t a particularly flattering one.
Calling a Speake-Marin Low end watch really shows your snobbery. If it's not in house it's low end? And what's the problem of a low end brand if it's low price? Isn't value a good proposition?
People that wear a watch to be recognized is people that don't love watches, just loves the sense of luxury and power associated with it. This is a watch community, we can have different opinions, but your opinion seems to gravitate towards not liking watches at all. I get you can prefer a rolex than a doxa, oris aquis or any other, but no one who likes watches will say they're not worth it, go for a Casio instead.