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JPE.88305
·Linked thru here:
https://kanebridgenews.com/what-was-i-thinking-the-big-ticket-items-people-regret/
I can see some buyers remorse, but a little surprised at the price this guy paid in 1984 for what he claims is a submariner? So gaudy his son wouldn't even want it? Sure $7k in ibm stock would have been a better idea but something seemingly wildly inaccurate about that particular scenario... I believe people certainly regret spending a hefty sum relative to their income on an item, the problem is waiting until massive depreciation kicks in...I just don't get how a Rolex sub from 1984 fits the bill. Anyone here buy a sub / similar watch in 1984 for $7k?
The wristwatch of his dreams
“It was back in day of wingtip shoes, white shirts and red ties,” says Bryan Desloge, who began his career at IBM in 1984. And like many rookie employees, Desloge wanted to fit in. “I bought suits. I took my earring out. I cut my hair and I registered in the Republican Party,” he says. To complete the look, he paid over $7,000 for the wristwatch of his dreams—a Rolex Submariner. It was a hefty sum, considering he was making roughly $18,000 a year.
Now 64 and retired, Desloge says his younger self saw the stainless-steel watch as a status symbol. “The older guys had nice dress watches already, while I wore a Casio or a Timex.” Just two years after buying the Rolex, however, Desloge realised the timepiece was impractical for him. “The Rolex is great, but I don’t want to look at a clock face,” he says, “and the glow-in-the-dark hands are hard to read at night.”
Desloge, who lives in Tallahassee, Fla., recently tried to give the Rolex to his son, who turned him down. So it remains tucked away in favor of a Garmin smartwatch, which has a fitness tracker, alerts and email, among other features. Purchased for about $500, the Garmin can multitask in ways his Rolex cannot. “I will probably wear that watch for the rest of my life,” Desloge says.
https://kanebridgenews.com/what-was-i-thinking-the-big-ticket-items-people-regret/
I can see some buyers remorse, but a little surprised at the price this guy paid in 1984 for what he claims is a submariner? So gaudy his son wouldn't even want it? Sure $7k in ibm stock would have been a better idea but something seemingly wildly inaccurate about that particular scenario... I believe people certainly regret spending a hefty sum relative to their income on an item, the problem is waiting until massive depreciation kicks in...I just don't get how a Rolex sub from 1984 fits the bill. Anyone here buy a sub / similar watch in 1984 for $7k?
The wristwatch of his dreams
“It was back in day of wingtip shoes, white shirts and red ties,” says Bryan Desloge, who began his career at IBM in 1984. And like many rookie employees, Desloge wanted to fit in. “I bought suits. I took my earring out. I cut my hair and I registered in the Republican Party,” he says. To complete the look, he paid over $7,000 for the wristwatch of his dreams—a Rolex Submariner. It was a hefty sum, considering he was making roughly $18,000 a year.
Now 64 and retired, Desloge says his younger self saw the stainless-steel watch as a status symbol. “The older guys had nice dress watches already, while I wore a Casio or a Timex.” Just two years after buying the Rolex, however, Desloge realised the timepiece was impractical for him. “The Rolex is great, but I don’t want to look at a clock face,” he says, “and the glow-in-the-dark hands are hard to read at night.”
Desloge, who lives in Tallahassee, Fla., recently tried to give the Rolex to his son, who turned him down. So it remains tucked away in favor of a Garmin smartwatch, which has a fitness tracker, alerts and email, among other features. Purchased for about $500, the Garmin can multitask in ways his Rolex cannot. “I will probably wear that watch for the rest of my life,” Desloge says.
