According to Fortune Magazine, the internet is fostering a new interest in vintage watch collecting. Auction prices are soaring and when it comes to watch design, suddenly everything old is new again.

Question: When you carry a smart phone, why do you need a watch? Answer: investment or fashion statement.

Timepieces are extremely complex. Like computers, the first ones were large and they only kept the hours. Today, the chronograph keeps track of time, dates and may include alarms and multiple time zones.

Once again the question: Why do you need a watch when your smart phone does all that and...