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You are not taking into account the change in the relative exchange rate of the Swiss Franc vs. the US Dollar over the last 45 years. It used to take over four francs to buy one dollar back in 1964. Now it's virtually even.
So $3,000 for a Speedmaster should be just about right!
You can check it out here:
http://www.measuringworth.org/exchangeglobal/
Hope this helps,
gatorcpa
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