As a pretty new watch enthusiast, I'd say yes, to a certain degree. Of course there are classic tool watches. But even those are mostly used as jewelry.
My father in law has trades watches, so they were around me for many years. First I wasn't interested at all, they made no sense to me. I mean, expensive watches are pretty useless, let's be real. I'm also a very modest person and don't like showing off, I don't need it to feel good about myself.
But after changing my profession three years ago, I started to appreciate luxury watches. Through my job, I got heavily involved in designing, developing and producing devices, as well as quality assurance. So I know exactly what is necessary to produce these watches and fell in love with the precision, attention to detail etc. Therefore I just enjoy watching and using these high precision, quality pieces of art, from an engineering perspective.
The vast majority of people I'm around don't know anything about watches and don't care. My father in law is the only person I talk to about watches, and we're nerding out to them.
I own a nice variety of different price points and brands. One Tissot, Oris, Montblanc, Breitling and Omega. Love everyone of them.