While it is not necessary to break the bank in order to own a quality timepiece legacy brands do come at a price. Here’s an inside look at why Rolex Watches are so expensive.

In an depth feature conducted by Business Insider we get a detailed inside look on why Rolex carry so much prestige thus directly affecting the price tag. Rolex watches are some of the most sought-after timepieces in the world. Last year, a vintage Rolex Daytona worn by Paul Newman was sold at auction for $17.8 million. Cara Barrett, editor at Hodinkee, fills us in on why Rolex’s are so pricey.