Depends how we define "overpriced." I'm assuming you mean the A13 50th relative to the A11 50th in isolation and that's it. They weren't released at the same time of course, the A11 in Q2 2019 and A13 Q3 2020. At least in the US, the government has increased the money supply over that time period by 20% (monetary inflation)! Monetary inflation tracks with asset price inflation (Wilshire 5000 total stock market index) almost 1 to 1 for decades now (doesn't track CPI which is different). So if you consider these watches as assets, the A11 50th is really $12k in today's dollars when monetary-inflation adjusted. The money has to go somewhere and people aren't buying up t-shirts and groceries that fast...they're buying up assets (stocks, bonds, real estate, collectibles, art, wine, etc). They keep printing money quickly, which is why the price of everything asset related is going up so quickly while CPI doesn't budge much.
Btw the S&P 500 still hasn't hit it's all-time high back in Feb when you do the same monetary-inflation adjustment from all the trillions in printing since then. It goes up as the dollar becomes worth less (worthless).
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