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Automotive

My Longines MN re-issue has better material tech and performance than any Patek or vacheron from 30-40 years ago, and only cost me 1800 USD.

 

That’s progress from
R&D, if you ask me. Meanwhile, the progress from R&D has increased the asking price for new Porsche and Ferrari (also Veblen goods) by almost two fold in the last decade. Hard to call one success and another failure IMHO

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