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Old 05-18-2016, 03:04 PM   #91
MYTraveler
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City: West Coast
Join Date: Apr 2014
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Quote:
Originally Posted by Conall63 View Post

He . . . paid about $1500.00 for the watch when he purchased it . . . 40 years ago). The Road Show appraiser valued it at 30K either at an auction or in a store being purchased by a collector. My figures are going off of memory, but I for sure was impressed how much the watched gained value.
That works out to a little less than an 8% annual compounded return. But I guess he also got some pleasure out of owning it during that time too.
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