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by Animats
1067 days ago
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Somehow, this seems too much like a Rolex ad. Bloomberg: "Rolex Prices to Drop Further as Supply Surges: Morgan Stanley. Pre-owned watch market flooded with Rolex, Patek and AP"[1] Rolex is a strange business. One of their CEOs once said "we are not in the watch business, we are in the luxury business." The price of Rolex watches has increased 5x over inflation since the 1950s, for much the same models. Rolex was at one time what you bought if you needed a rugged watch. Today, that market is covered by the Casio G-Shock, the choice of US soldiers. [1] https://www.bloomberg.com/news/articles/2022-10-14/rolex-pri... |
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