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ptugolf · 9 May 2011, 12:10 PM

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.

Dr. Robert · 9 May 2011, 12:13 PM

It's the retirement benefits paid to the retired Swiss Rolex production elves.....a big drain on the firm.

MonBK · 9 May 2011, 12:14 PM

Believe it.

rolexertion · 9 May 2011, 01:13 PM

It's because the value of the US currency has fallen into an abyss related to world currencies like the Swiss franc.

applebook · 9 May 2011, 01:15 PM

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.

applebook · 9 May 2011, 01:17 PM

Quote:

Originally Posted by rolexertion

It's because the value of the US currency has fallen into an abyss related to world currencies like the Swiss franc.

It's ironic really. As the US economy worsens, Rolex prices increase.

At least there are plenty of rich Americans getting even wealthier --many of them will purchase diamond Rolex models this year.

9 May 2011, 12:10 PM	#1
ptugolf "TRF" Member Join Date: Mar 2011 Real Name: Alan Location: Bay Area, CA Watch: SubC Date Posts: 676	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.

9 May 2011, 12:13 PM	#2
Dr. Robert 2024 SubLV41 Pledge Member Join Date: Dec 2009 Real Name: Bob Location: U.S.A. Watch: 1655 Posts: 64,248	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

9 May 2011, 01:15 PM	#5
applebook "TRF" Member Join Date: Dec 2007 Location: vancouver Posts: 1,918	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. __________________

9 May 2011, 12:14 PM	#3
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,279	Believe it.

9 May 2011, 01:13 PM	#4
rolexertion Member Join Date: Dec 2010 Location: Montreal, PQ Posts: 722	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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