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 new insight or understanding did you gain from this video?