I have worn a watch since the day I had one as a child, I was fascinated with its luminous dial and was forever looking at it under the bedclothes.
It may be a generation thing, but having grown up before there were mobile phones and digital clocks, a watch meant you always knew what the time was, and I still check my watch for the time, never my phone.
With regard to expensive watches, unless it actually looks as expensive as it is, and is therefore a jewelry accessory, I can't see the point of paying a fortune for a watch. I paid about thirty pounds for mine more than ten years ago, and it doesn't tell me the time three times less well than it would if I had paid three hundred pounds for it.
In fact, thinking about it, a watch is one of the few items you can buy where you achieve absolutely no improvement or loss in functionality whatsoever, no matter how much or little you pay for it.