More Hermes facts, Apple Watch Titanium in 46mm is $749. If you subtract the $349-$949 from the Hermes band prices, the Hermes Polished Titanium 46mm is $949.

Even considering the Hermes includes an orange sport band, that's a $250 premium for a watch that's only benefit is 1 year of additional AppleCare and a $50 sport band. I imagine that $150 of that premium goes right to Hermes for name licensing.