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Watch inflation


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Originally posted in the EBAY thread but thought it was worthy of a separate discussion in its own right:

Thought this was quite interesting.

https://www.ebay.co.uk/itm/Omega-Constellation-14k-Gold-Plated-Vintage-Watch-1969-/203457591839?_trksid=p2349624.m46890.l49286

This cost £88 in 1969. Inflated to today's value that would make it about £1,200 today.

How much would a comparable spec Omega cost in 2021?

 

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Here's another one for you, which may be easier to calculate as there is an easier direct comparison. Just after the moon landing in 1969 you could buy a Speedmaster for the grand sum of £66.00 on a bracelet .... :)

51202425379_e108867864_o.jpg

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7 minutes ago, artistmike said:

Here's another one for you, which may be easier to calculate as there is an easier direct comparison. Just after the moon landing in 1969 you could buy a Speedmaster for the grand sum of £66.00 on a bracelet .... :)

51202425379_e108867864_o.jpg

Ouch:

Value of 1969 British Pounds today

£66 in 1969

£937.75 in 2021

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s-l1600.jpg

rolex_image.3079683.jpg

At the time the $/£ exchange rate was around  £1 = $2.8

So my 1016 explorer would have been around £70-£75. (although from memory, the original receipt was £69). A period Seiko diver wasn't a great deal less. 

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For a watch it is probably better to use Relative Income which measures an amount of income or wealth relative to per capita GDP.

Applying this measure to the £66 Speedmaster gives you about £2,450 today

Of course it doesn't take into account the changes in the Speedmaster, from an engineering perspective the modern watch is a world away from the 1969 version but we are still in effect looking at slightly more than double the Relative Income measure than someone buying one in 1969. 

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10 minutes ago, JoT said:

from an engineering perspective the modern watch is a world away

Same applies with the 1960's Explorer. The bracelet is outclassed by a Seiko 5, although the modern Explorer doesn't look nearly as good in my opinion. 

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