Horological Meandering

This chart shows the price evolution of a steel Rolex Submariner Date since 1995. I chose 1995 because that’s when I bought my first 16610. I still remember the price very well, it was €2200 at the time. Of course, that is converted into euros, because in...  

unfortunately today the prices has gone ridiculous. Best, mahesh.,

When I was younger (let's say late 1980's) my dream watch was an Omega Speedmaster. I was more or less 1100 euro back then, today it's close to 8000 euro A Plastic Swatch was 40 euro .... Today a similar Swatch is between 60 and 100 euro Omega: +627% Swat... 

But we are not considered the customer base anymore 🤷🏻‍♂️

Home cost, car prices, food is expensive..... It's just basic mathematics. If a currency loses (realistically nowadays) 6% of it's buying power (Value) annually, after only 10 years how much Value has it lost? Blame prices all you want, tho also account f...  

Also, the transmission of newly "printed" money through the economy flows preferentially to the already well-off and wealthy, who obviously are disproportionately high consumers of fine watches, wine, cars, etc.

Marc

Are we not following geopolitics? On another note… Collecting anything, watches, cars, stamps, homes, was always a privilege of the rich. Breguet, Michelangelo, and all other artists created for the rich, commissioned by the rich… Where I’m getting here i... 

So many good points have been made already. The watch industry reminds me of the Las Vegas tourism industry, where the Strip is converging on a strategy of fewer tourists, but much higher transaction prices. I think the key is that most of the customers R... 

the higher the price, the greater the utility. Do I remember the theory correctly?

I see it as a two-sided problem. First luxury goods and especially Rolex are not tied in any way shape or form to inflation anymore - they are simply priced for whatever the market can bare period. The second issue is western governments have relied on th...