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> their price is entirely about what people are willing to pay and not at all connected to the cost of production You have a source on that?
by haggy 8y ago
> their price is entirely about what people are willing to pay and not at all connected to the cost of production
You have a source on that?
- criddell 8y agoThe watches are not expensive to make, they are expensive to sell. The marketing and sales costs are going to be higher than the actual manufacturing. This is one estimate saying it's between $300 and $800: https://www.quora.com/How-much-does-it-actually-cost-Rolex-to-make-a-watch-i-e-aside-from-the-stones-and-precious-metals-themselves-what-is-the-manufacturing-cost-and-what-is-the-profit-margin https://www.quora.com/How-much-does-it-actually-cost-Rolex-t... Even if that's wrong, it's certainly under $1000. Gold ones will be higher, of course.