A post-1970’s 1980’s Rolex? Um, no. They are the boxy Volvos of style. They are essentially visibly recognizable proxies for your bank account.
The value comes only from impressing others. Lots of watches which I feel I’d like the looks of more, and of those I have been really disillusioned with the quality of Swiss mechanical watches. I’ve owned several expensive models and had quality issues with all of them, and mediocre service from almost every watchmaker, from Swatch factory service (which includes a lot of "high-end"brands) to some highly recommended. Perhaps I’d feel differently if I was closer to La Chaux-de-Fonds, and could find extremely reliable watchmakers, but I take no pleasure in buying a brand new watch in a very nice box and finding out it immediately has to be regulated or has a feature which doesn’t work correctly. I’ve owned a Chopard, Zenith and Omega. The Chopard had to be replaced, the Zenith sent in multiple times to help improve the accuracy and the Omega literally fell apart after the third or fourth round of service and I ended up selling it for parts with a subdial hand rattling around in the case.
The best Swiss watch I have ever owned is a 1967 Longines which has absolutely spot on accuracy. If I wanted more Swiss timepieces I’d stick to South American sourced vintage watches. There’s some boutique German and English models I’d rather wear if I was in the mood for something new and felt I could risk the performance.
My hobbies tend to go towards "tinkering" though so in this respect Seiko is a much more fun brand for me to purchase, modify and maintain. I can buy a movement, case, hands, crystal and bands and make a unique piece just for me.