IMHO there's nothing basically flawed with the concept of owning something that represents one of the best examples of human technical competance and art. Having a practical purpose (telling you what time it is) and having an element of portability (you can take it with you almost anywhere) reinforces the "logic" behind owning a high end timepiece.
Some of us reach retirement age with the prospect of "this, AND this", where the selection of material things and indulgences is without compromise. Most mortals arrive at that threshold with the more common "this, OR this" where were presented with (sometimes agonizing) choices between who, what, when, where, and why. We had to put down a beautiful creature a few months back. I would have traded a $70k hot rod in the garage in the blink of an eye to get a "warranty extension" on this little guy.
It's not just what we enjoy that matters. It's our ability TO enjoy it. If your hearing is still intact, go ahead and throw some money at really good hifi gear, and don't look back (as long as it sounds better). I have a "practice pole" stored horizontally in my garage. It's a good tool to develop your pole vaulting skills. Being a dinged up 73-year-old is not compatible with senior track and field. But, it looks cool in my garage, next to the empty Old Engine Oil beer bottle. It makes me (and others) smile. It's not for sale.
I'll close with this:
https://www.youtube.com/watch?v=fsmHXCKQzXE
