Portugieser Chronograph Classic
https://www.iwc.com/us/en/watch-collections/portugieser/iw390302-portugieser-chronograph-classic.html
They're marvels of watchmaking, take countless hours and extreme patience and skill in order to be made.
They do actually just 'tell time'.
I think we need to scour the web for photos from Camp David in the next couple of days
They're hand-made by artisans, and they're obviously not for everyone.
I have no problem with rich people supporting artisans and old-school crafts.