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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
9 May 2011, 12:10 PM
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#1 |
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"TRF" Member
Join Date: Mar 2011
Real Name: Alan
Location: Bay Area, CA
Watch: SubC Date
Posts: 676
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Still can't believe it...
I cannot believe the prices of Rolex went up again in such a short period of time. I think it is much more correct to define them pieces of jewelry than just watches.
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9 May 2011, 12:13 PM
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#2 |
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2024 SubLV41 Pledge Member
Join Date: Dec 2009
Real Name: Bob
Location: U.S.A.
Watch: 1655
Posts: 64,251
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It's the retirement benefits paid to the retired Swiss Rolex production elves.....a big drain on the firm.
 
__________________
Founder & Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons 
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9 May 2011, 12:14 PM
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#3 |
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Banned
Join Date: Nov 2010
Location: Kingstown
Posts: 58,279
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Believe it.
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9 May 2011, 01:13 PM
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#4 |
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Member
Join Date: Dec 2010
Location: Montreal, PQ
Posts: 722
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It's because the value of the US currency has fallen into an abyss related to world currencies like the Swiss franc.
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9 May 2011, 01:15 PM
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#5 |
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"TRF" Member
Join Date: Dec 2007
Location: vancouver
Posts: 1,918
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Once quartz and digital watches rose to prominence, all pricier mechanical timepieces became luxury items. Anyone who spends thousands or even tens of thousands on a watch is not buying it just as a "tool." One would have to be a tool to spend that kind of money for something that just tells time worse than a smartphone.
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9 May 2011, 01:17 PM
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#6 | |
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"TRF" Member
Join Date: Dec 2007
Location: vancouver
Posts: 1,918
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Quote:
At least there are plenty of rich Americans getting even wealthier --many of them will purchase diamond Rolex models this year.
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