Mounted my 5513 documentation!

Discussion of Rolex Watches.
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deepcdvr
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Name: Paul

Re: Mounted my 5513 documentation!

Post by deepcdvr » Wed Apr 05, 2023 6:58 pm

Ryeguy wrote:
Tue Apr 04, 2023 9:44 am
This is where I have to again tip my hat to Rolex and their business acumen.

Just doing the math on inflation ($1 in 1965 being worth $9.55 today) you can look at comparisons between 1965 products and salaries versus current Sub prices.

For example, that $500 Rolex 5513 in 1965 was was about 20% the cost of a new Ford Mustang (1965 cost $2,427 base model).

According to an online inflation calculator, that $500 in 1965 is equivalent to $4,775 today.

According to Ford, a new base model Mustang is $27,770. 20% of that is about $5,554. So, If Rolex followed inflation, their stainless steel no date Sub should be about $5,000 today.

Using salaries, according to google, a NYC school teacher starting salary in 1965 was $6,485. Multiply that by the present day value of a 1965 dollar - $9.55, and you get $61,931.75. Google says the starting salary of a NYC school teacher today is $61,070 - so again, roughly equal.

Rolex has nearly doubled the price point and perceived value of their watches relative to expected inflationary price increases. They didn't just increase prices (anyone can do that) they also increased the demand for their product even at the higher price.

It is quite the impressive business accomplishment.
Well put

Additionally, before the sh*t hit the fan - ie just a few years ago - a used sub ran about 5-6K (about when I stupidly sold several of mine for about that amount). Those USED watches have now nearly doubled in “value”. Nuts
VR/
Paul

SI VI PACEM, PARA BELLUM

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deepcdvr
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Re: Mounted my 5513 documentation!

Post by deepcdvr » Wed Apr 05, 2023 7:00 pm

Chris, If you don’t have any children, I will gladly let you adopt me.

You’re welcome in advance!
VR/
Paul

SI VI PACEM, PARA BELLUM

smellody
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Joined: Sun Jul 29, 2012 9:03 pm
Name: Christopher

Re: Mounted my 5513 documentation!

Post by smellody » Wed Apr 05, 2023 7:14 pm

deepcdvr wrote:
Wed Apr 05, 2023 7:00 pm
Chris, If you don’t have any children, I will gladly let you adopt me.

You’re welcome in advance!
Ha ha.

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93 Turbo
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Re: Mounted my 5513 documentation!

Post by 93 Turbo » Sat Apr 08, 2023 3:17 pm

Nice work mate, looks great.
Strength is = 2 or > than "tipping over a so- called smart car plastered in “Coexist” bumper stickers".

Pat McNamara.

Djf1978
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Joined: Fri Apr 06, 2018 5:49 pm
Name: Dave

Re: Mounted my 5513 documentation!

Post by Djf1978 » Tue Apr 11, 2023 8:31 pm

So cool. Great idea.

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