Now that you mention it, yes. And damn if Rolex doesn’t make some of the most nondescript and unattractive movements on the planet - and charges out the wazoo for them.
When you open a Rolex, they don't promise you pretty...just rugged reliability...a tool. They leave "interesting to look at" for the exterior. I guess that is why the people who like them are more than willing to pay out the wazoo for them.