Rolex pricing in 1969.

[JDC222]

I stumbled upon this 1969 (my birth year) Rolex price guide. Would $255 for a new GMT Master, or $230 for a Submariner be relative to today's prices? Perspective, a new Chev Malibu convertible was $2783 : )








Kinda cool to look back!

[Terpits]

Damn. That's awesome.

[hoppyjr]

If anyone actually wanted a Malibu today, a Sub would cost between 25-35% of the car. Back then it was less than 10%.

I'd rather have the Rolex.

[Terpits]

6% of those statistics you mentioned are insane!!

[foodle]

Internet inflation calculator says about 5.5x between 1969 and now.
So the Sub is about $1500 in 2014 USD.
And the car is about $20,000 in 2014 USD.

[hoppyjr]

6% of those statistics you mentioned are insane!!

I'm 100% sure my dinner doesn't agree with me.

[Terpits]

6% of those statistics you mentioned are insane!!

I'm 100% sure my dinner doesn't agree with me.

Why? What did he say?

[Sidheguitarist]

Internet inflation calculator says about 5.5x between 1969 and now.
So the Sub is about $1500 in 2014 USD.
And the car is about $20,000 in 2014 USD.

Just replicated your calculations. Looks like a 1016 explorer would be $1155. We are really paying for the 3mm larger case...

[lilhoody]

Damn, you're old!

[hazmatman]

If anyone actually wanted a Malibu today, a Sub would cost between 25-35% of the car. Back then it was less than 10%.

I'd rather have the Rolex.

Plus, if you were ever taken prisoner, you could hide the Rolex in your "safe". The enemy would take your Malibu.

[belligero]

CHF vs. USD

1969: 0,231891
2014: 1,121877

Switzerland's currency has increased nearly five times in value against the United States' in the past forty-five years.

[Heuerville]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

[marchone]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

[Heuerville]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

Well.. dunno.. but certainly more that 2 weeks pay. I guess this is because the rich and now considerably richer. When I was a kid in the 80's, being a Millionaire was a big deal.. and the term 'billion' was like a made up word. Nowadays, you'll find Billionaires all over the shop, so I guess luxury items have tracked well above any 'average pay', and kept up with the 1-2%.

[JDC222]

Quite the literal bunch we have here...except Darin, he's just a
d!ck

[Slipkid]

CHF vs. USD

1969: 0,231891
2014: 1,121877

Switzerland's currency has increased nearly five times in value against the United States' in the past forty-five years.

Unfortunately, I think that it is just that the USD has decreased against the world's currencies (except maybe the ruble...nah, even that.). Something about making it easier to export US goods...bah!

[four20]

[JP Chestnut]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

8.7 weeks if you make 60,000. Not too bad.

[Terpits]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

8.7 weeks if you make 60,000. Not too bad.

Huh?

[JP Chestnut]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

8.7 weeks if you make 60,000. Not too bad.

Huh?

If a sub costs $10,000, it's 8.7 weeks gross pay for someone who makes $60,000.

[Terpits]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

8.7 weeks if you make 60,000. Not too bad.

Huh?

If a sub costs $10,000, it's 8.7 weeks gross pay for someone who makes $60,000.

Just wondered out loud. Your calculation made it seem so easy.

[JP Chestnut]

When I was doing some research for a write up for my '78 Sub, I found an article about this..

The Rolex founder, Wildorf, wanted to produce a high quality tool watch that didn't break the bank, costing an average of 2 weeks pay. (For a Sub)

Oh well. What is now? 5 to 6 months?

8.7 weeks if you make 60,000. Not too bad.

Huh?

If a sub costs $10,000, it's 8.7 weeks gross pay for someone who makes $60,000.

Just wondered out loud. Your calculation made it seem so easy.

Gotcha. It was surprisingly reasonable. Of course, $60,000 net (which is what really matters) would be a good deal more before taxes, SS, medical. Still, less than I expected.

[Terpits]

Still, less than I expected.

Yes. I am rethinking my 3-year plan. Thanks.

[marchone]

Sure that works. Only if you don't have rent and other expenses to cover for 8.7 weeks.

[watchdawg]

I paid $270 for my GMT in 1975 today it cost twice that much just to open it for service,