Read It And Weep - Omega Catalog Selections And Price List Ca 1970

Yes - that's the 145.006 with a 321 / 145.016 with an 861. There has to be over $1000 worth of scrap value for just the watch head at today's gold prices.

Spoil our temporary lack perspective..will ya🙁 Reality perspective noted. In 1974, as an entry level Federal US Gov't employee, I was making just under $5.700 a year, and thought that was ok.

Hate to state the somewhat obvious, but, $650 1970 dollars is just over $3,000 2013 dollars.

How have you grown that? CPI? GDP? Adjusted for exchange rates? I know we have had this discussion before, bit to me the best comparison is as a percentage of wages or growing it by average wage growth.

A great deal or a bad one, depending on how smart you were with your money.
growth rate .........value of $195 @43 years
0% .......................$195.00
1% .......................$299.13
2% .......................$456.92
3% .......................$695.08
4% ......................$1,053.10
5% ......................$1,589.19
6% ......................$2,388.84
7% ......................$3,577.15
8% ......................$5,336.49
9% ......................$7,931.84
10% ....................$11,746.81

Better comparison methods involve purchasing power on commodity items specifically returning later to investment comparisons, which seems what many here are actually doing), which commodity comparisons can be calculated various ways - as between 1970 and 2012, in United States dollars (I don't know why francs would be important to this discussion at all, since we're comparing US dollars and apples to apples).

In 2012, the relative "real price" of a 1970 $650 commodity is around $3,650.00, while the "real value" of that commodity is around $3,700.00, the "labor value" is around $3,610.00 (using the unskilled wage) or $4,370.00 (using production worker compensation), and the "income value" is around $1,350.00

"Real price" compares to the cost of a fixed bundle of other necessary commodities at the time (e.g. shelter, food, medicines) using CPI, "real value" is similar except uses VCB because over time we've actually bought greater amounts of those things (e.g. we eat more and demand more square footage in our shelter), "labor value" uses any 'ole wage index, and "income value" uses GDP.

So, whether the actual figure is $1,000 or $4,000, on any number of comparisons, what I meant by something being "obvious" is that it seemed obvious we ought not sit back and wax poetic about what a great investment a now $3,000 vintage watch has been since it originally cost only $650 in 1970. No matter how you cut it, it's essentially the same amount of money in terms of a commodity (or at least not so drastic that we should sit back in awe), and even of it's slightly better, as richardew points out above, an INVESTMENT comparison can make it even less relative: you either did 1% or 20% on your 1970 investment, making the watch either a good or bad relative investment. (All this is setting aside the revisionist history provided by hindsight of knowing which watch "investments" were going to pan out over 35 years, and also otherwise needing to subtract the value of any wrong guesses from the right guesses.)

Though, in any event, your other commodities or investments are unlikely to be so beautiful and wearable.

Voila :A 44a and A45a
Reiner

Forget the retail prices.....what about the jeweler's prices? Appears to almost be %50 mark up.

That's nothing - you should see how much gold and diamonds are marked up. Making only one number is a low margin in that industry.

http://www.dollartimes.com/calculators/inflation.htm

😀

Excellent idea.
How about a section dedicated to past brochures categorised by their respective year?
This would be very helpful in determining whether watches bought today are authentic or not?

Thanks for the bump, great info!

Very interesting and helpful.
I will certainly be checking this site out more thoroughly.

Two A48s and an A47, please. 😎