Watches are cool, but unfortunately have gone the way of the phonebook, typewriters, and the CRT television.
I do not have a Rolex 2-tone Daytona, but I do have a nice automatic watch and send it in every few years for a $300 cleaning, etc. I seldom wear it except every once in a while to some fancy shindig, or to reminisce. If I were a scuba diver, I might wear it more often. I would not sell or trade it, certainly not for stereo stuff or even bike parts, because it was a gift from loved ones for a significant event. It is rugged, keeps time just fine, and I used to wear it every day but now I have a phone, which works great for telling time, and as a stopwatch, and for other things.
An Apple watch is a phone you can wear on your wrist so I do not consider that a watch, not like the Daytona is a watch. Same for a Garmin watch, which is a GPS that sporting people wear on their wrists. I have no inclination to wear a phone, or a GPS, on my wrist. My phone works just fine as a phone, among other things, and the GPS I use on my bike works fine for GPS-type functions, and a bevy of other stuff, including interfacing with the radar. As a result, I run around without watches or jewelry and, given the clothes I mostly wear, my wife would probably tell you people mistake me for a pauper.