Inflation Is Driving Secondhand Markets Out Of Control, Here’s Why: Introduction

The video discusses the Rolex Daytona 116500, a luxury watch that is difficult to purchase due to its scarcity. The teacher challenges students to try buying the watch, highlighting the economic phenomenon where certain consumer goods are theoretically for sale but rarely available. This scarcity is not due to temporary supply chain issues but is a long-standing market strategy. Companies could charge more but choose not to, as this scarcity creates a high demand and resale value, illustrating a unique economic logic.

What is the approximate price range of the Rolex Daytona mentioned in the text?

What is the potential profit one could make by buying a Rolex Daytona from an authorized dealer?

Why might someone find it difficult to purchase a Rolex Daytona at retail price?

How does the situation with the Rolex Daytona differ from typical supply chain issues?

What reasoning is provided for why companies do not charge higher prices for luxury items like the Rolex Daytona?