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Lure of luxury: does the watch maketh the man?

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The world economy may be sitting in a ditch, but cashed-up collectors are still shelling out stratospheric sums for rare, vintage and collectable watches. This year's top ticket item so far is a 1928 Patek Philippe, which changed hands at auction for a cool SFr3.24 million ($3.81 million). Another wealthy…

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