"Wabi-sabi (in Kanji: ˜ÌŽâ) represents a comprehensive Japanese world view or aesthetic. It is difficult to explain wabi-sabi in Western terms, but the aesthetic is sometimes described as one of beauty that is imperfect, impermanent, or incomplete. A concept derived from the Buddhist assertion of the first noble truth - Dukkha.
According to Leonard Koren, wabi-sabi is the most conspicuous and characteristic feature of what we think of as traditional Japanese beauty and it "occupies roughly the same position in the Japanese pantheon of aesthetic values as do the Greek ideals of beauty and perfection in the West." Andrew Juniper claims, "if an object or expression can bring about, within us, a sense of serene melancholy and a spiritual longing, then that object could be said to be wabi sabi." Richard R. Powell summarizes by saying "It (wabi-sabi) nurtures all that is authentic by acknowledging three simple realities: nothing lasts, nothing is finished, and nothing is perfect."
In the case of watches (objects) many collectors use the term for the imperfect "wear and tear" that comes from years of use, but adds beauty. In the case of my project watch - the "wabi" is faux, but adds what i consider necessary to create the vintage feel / look the watch (the RWC homage) is after.
Hope that helps and Kind Regards from N.M.
P.S. follow the link for a much better explanation (and book) ...