If I could go back in time...
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George
Enjoy watch collecting. Only now I'm I selling my watches too, hard to let go!. Building my own brand as a hobby.
Member since
Last active: 10 hrs ago
8.25” / 20.96 cm
If only we could tune back the clock
What year are the ads? I always like to run an inflation calculator to give me today's value.
https://www.in2013dollars.com/us/inflation/1958?amount=150
https://www.in2013dollars.com/us/inflation/1958?amount=150
Rolex Sub prices basically kept track with inflation until the 1980's when they started skyrocketing into "Luxury" territory - but 50s-80's they were the equivalent of $1,500-$1,600 dollars today. This is, as I have been lamenting, how much a "nice watch" should cost. It's not junk, you're paying enough to know it's special, but it also doesn't require going into debt. What can you do?
$1,750 in today's dollars, according to BLS.
ETA: That's "entry level luxury" these days.
My dad bought his Rolex Explorer 1016 back new in 1967 for a few hundred. He saved his lifeguard money, and it was dead easy to buy.
I went into our local AD and was told no waiting list for men’s steel Rolex, unless I first buy some women’s precious metal watches.
Rolex price and attitude change
Marsha Marsha Marsha. Rolex Rolex Rolex. Duane.....Black Diamond, WA. 98010
no imo it is not hard to believe... it is just inflation and here you can see the reason: www.wtfhappenedin1971.com
For reference, a housing ad from the 1950's.
If I could go back in time, I think I would buy real estate. 😉
no imo it is not hard to believe... it is just inflation and here you can see the reason: www.wtfhappenedin1971.com
Its a LOT more than inflation. $150 in 1955 for example is $1730 now. many $1800 Rolexes are you finding.?
Its a LOT more than inflation. $150 in 1955 for example is $1730 now. many $1800 Rolexes are you finding.?
true. the reason is that inflationnumbers are always manipulated and true inflation is much highr every year. but that is the problem with fiat currencies: your purchase power gets weaker and weaker the more they print 🤷 they only thing you can do to protect yourself from that is saving in the hardest asset...