Recently, I popped into my local grocery store, Central Market, in Dallas. On the wall was a bottle of Château Pontet-Canet 2016 for $200.00.
On the Rolex website, one of their newest watches, a GMT-Master II “Pepsi” lists for $10,750 retail, but try and find one new for that price. On the secondary market though, you might be able to find one for twice retail.
I’m reading an article in Cigar Aficionado, and they’re talking about Cohiba Cuban cigars now retailing for over $100.
Before the great disruption event of 2016, you could have easily found a bottle of Pontet-Canet for under $80, still a price most people wouldn’t consider, except for maybe a special occasion, and well above the price I remember seeing the 1982 stacked in my local Safeway (for $12.99!). A Rolex, five years ago you could have gone into a local AD (authorized dealer) and picked one up, at retail. Still a pricey proposition, but reachable for folks with the means. And that Cohiba Splendido? Well, in Canada or Italy I saw them for about $10, back in the day. Still, a pricey smoke, but not a C-note!
Something is out of whack. Are we living in a world exclusively comprised of billionaires? Is there no ceiling on these consumer items? Have we all gone mad? Where in hell have we landed? Is there a way off of this planet?