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carefree-bobyesterday at 3:49 PM0 repliesview on HN

People forget that you could buy Ferrari's in the 60s for 7-18K. 7K was the entry Ferrari. Average new car price in 1967 was $3000, so the entry Ferrari was 2.3 times the average new car price.

Today the average new car price in the US is 50K. That would make an entry Ferrari 115K, but the cheapest new Ferrari is the Roma at 225K, or double that.

Ferrari used to be more accessible, but we had compressed incomes then, the rich weren't so far from the middle as they are now. Similarly in 1967 a bottle of Channel no 5 cost $15, but today it is $200. According to inflation, it should be $140, so again roughly double the spread.