I don't have the Gen1 price list, but I do have the Gen2 price list in EURO (until 2020), so the price comparison between Gen4 and Gen2 is more representative with only 2 years difference.
I agree that this significant price increase in Gen4 (and in Gen3 at its launch) is not at all justified, taking into account that they have gone from 'Swiss Made' to 'Made in China', and that they have lost Modularity, two factors that undoubtedly made more expensive the Gen2 Modular 45 production.
Such a price increase is even more difficult to justify in the case of the basic model: Chinese steel Gen4 costing €300 more than Swiss (and Modular) titanium Gen2… it is true that a large part of the retail price of a brand watch is because of the name and the brand, but with Gen4 that percentage is much higher!
Basic versions:
-Gen2 Modular 45 (Swiss Made)
titanium with rubber strap: €1650
-Gen4 45 (Made in China)
steel with rubber strap: €1950
Basic black titanium versions:
-Gen2 Modular 45 (Swiss Made) black titanium with calfskin strap: €2150 (that means that if it had been sold with a rubber strap, the price would have been €2050)
-Gen4 45 (Made in China) black titanium with rubber strap: €2400
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