Maybe, maybe not. I do think there is, at the very least, many similarities in the two hobbies.
In the watch collecting world there are those that hate the idea of replica watches and there are others that love it. There are also some that modify or put together high quality watches without trying to imitate or replicate a specific brand or model.
Mostly no one cares about what sort of watch you wear just like mostly no one cares about what sort of poker chips you play with. In both hobbies there is a very small minority that is willing to pay a large premium for very specific branding or models and in both hobbies there are a lot of people that wished they could have something that is relatively very expensive. Both hobbies are filled with people that are collecting something where the most coveted items offers almost no additional utility over an extremely cheap alternative.
Lots of similarities. No doubt, some differences too