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by Animats 1067 days ago
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...

3 comments

I was looking for this comment as it's the first thing I thought.

Advertisers know we block ads, so the content is becoming the ad.

I mean if you're cynical enough, anything talked about that has monetary value is an ad. Anything that isn't monetary is propaganda.

It's one reason why I went off FB though; there was the ads, but then most posts of the people I followed were talking about a product, a (streaming) TV show, or an experience like vacation or food, all of which can be considered advertising or trying to sell me something. But it flies under the radar because it's from friends, whose opinions I'm more likely to follow than ads.

If it is, then it's some strange reverse psychology going on. Because he's saying the Rolex was not a good heirloom.

It's a lot more suspicious that you say the Casio G-Shock is the choice of US soldiers.

I thought it was a good article, and the good point it made is that things without commercial value make better heirlooms.

I'm not material at all, and for the first time in my (long) life, I thought: "A Rolex looks like a nice piece of Geneva craftsmanship, what would it be like to have one?"