Panerai Price Dropping!

[SUBMARINER]

Recently Panerai prices dropping fast. Can see in the forums trading section.

Price reduced and reduced. some pams already dropped below 5k range.

Members will have to consider when buying Pam.

[Democritus]

Recently Panerai prices dropping fast. Can see in the forums trading section.

Price reduced and reduced. some pams already dropped below 5k range.

Members will have to consider when buying Pam.

Same for many other brands too.

Could be a good opportunity to pick up a piece one desires.

[exxondus]

rollie also dropping leh.

this is due to influx of too many pieces to singapore. believe overseas is diff situation.

[Paneraii]

Well, Panerai prices in Singapore is still finding its equilibrium. It used to be so little pieces lying around a few years back. Today we have more watches. Just look at the number of grey traders. It used to be Yeo, Fred, William, and who else? golanheights ? Now, we have more. Plus boutique people come out to sell to make extra bucks. I am glad. It is happening. Because I am a Pam fan. It is great to see many people wearing one so that Panerai can be affordable.

[Democritus]

Ya. Too many people doing the.....buy from overseas, claim VAT, bring to S'pore, sell at profit, continue to buy from overseas more rarer pieces, claim VAT, bring to S'pore, sell at profit......trade.

Like mentioned, used to be a few people/shop doing it....now, eveyone go overseas also want to do it.

If I get to buy cheaper pieces, I am not complaining.

[SUBMARINER]

Ya. Too many people doing the.....buy from overseas, claim VAT, bring to S'pore, sell at profit, continue to buy from overseas more rarer pieces, claim VAT, bring to S'pore, sell at profit......trade.

Like mentioned, used to be a few people/shop doing it....now, eveyone go overseas also want to do it.

If I get to buy cheaper pieces, I am not complaining.

Yes I also want a cheaper pam . Rolex too. But rolex prices are too solid. Waiting....

[exxondus]

good for buyer bad for seller

[PamDino]

I think this is not something new & is happening to every brand .

"Wu si ki.... Wu si loh"

So, let the market decides.

Dino

[SUBMARINER]

"Siang Ho Si Lou Ka Liao!"Then we buy and buy

[Fred_Tan]

Sure bo?

YES, I agree.
Price are less insane now for PAM0, 5, 24, 25, 88, 90, 104, 164, 212, 240 & 292K that got whacked by 305, 312 & 320 and soon 321....I agree, time to pick PAM0, 5, 24, 25, 88, 90, 104, 164, 212, 240 & 292K up before SWATCH group stopped allowing ETA6497 & 7750 from being decorated by Panerai starting from 2016....

NO, a big NO.
I DON'T AGREE WITH YOUR BROAD-BASED STATEMENT THAT PANERAI PRICE IS DROPPING.
All the super rare Pre-vendome like 2/156, 3646s, 6152s, 6154, 201s & 301s along with popular & very limited Post-V like PAM1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 23, 26B-T, 36, 56, 115, 117, 123, 127, 203, 217, 219, 232, 237, 239, 249, 267, 292J, 301 are holding fast since middle of 2009.
In fact these much sought after models' price are going up these last few mths.

Some of the rarer ones like 2/156, 3646s, 6152s, 6154, 201s & 301s, 1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 26B-T, 36, 56, 115, 117, 203, 239, & 267 had never gone down even for a dime in 2008 or 2009.

I'm sad that they are going up & sadder they never even come down for one single cent as I'll never be able to afford most, it not all of this models.

In fact Panerai is the only brand with select model like 2/156, 3646s, 6152s, 6154, 201s & 301s, 1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 26B-T, 36, 56, 115, 117, 203, 239, & 267 that never depreciate even in this downturn or in 2000 due to Dot.com bubble burst, 2001 (911), 2003 (Desert Storm 2 & SARS) since they started public sale in 1998.

The same cannot be said of any IWC, JLC, Breguet, Piaget, PP, AP & Rolex vintage & current models where depreciation of 20-60% happens even on the Gods like Single Red, Double Red, Orange Hands, COMEX & Steve Mcqueen models and they have not recovered since.
And, they happen on every downturn since 1960s.

The funny thing is Rolex vintage value has started to drop in Sep-2007 way even before the crash in Oct 08.

If I look at current Rolex models; Daytona, EX2, GMT2c, DSSD, Milgauss, SD, Sub-Date, Sub in any TT, 18KYG and even Steel models along with all vintage Rolexes, they have found no bottom yet as the mass mart move away from small watches to bigger ones in & these ppl still have not return to Rolex since they moved to big watches....Rolex have suffered 50% mart share erosion since 1998...no thanks to post WW2 baby boomers that no longer work, retiring or dying.....some have died.

DSSD at 43mm was made to plug this mart share erosion....but look at the number of DSSD in all ADs & grey mart worldwide that're unsold since early this year....

Look at the amount of GMT2C & Milgauss that's collecting dust everywhere....

I dun see any mass produced PAM0, 5, 111, 112, 113, 114, 176, 177, 219, 312, 320 in any Boutique & AD's shelf anywhere in any country.

But I see at least one EX2, GMT2c, DSSD, Milgauss & Sub-Date Steel, TT & 18YG in the exhibition shelf outside every AD I went to in Japan, Korea, Taiwan, UK, USA, HK, Switzerland, Italy, Germany, Spore & Msia and at least 10 more in the safe.

When u start to see basic steel models in exhibition glass outside any AD....that is VERY VERY bad!

THG in Orchard has 58 unsold Daytona Steel Black from M-series. They have another 80+ for V-series.
A director in THG told me Rolex is the only brand that's losing them huge $ right now! They are starting to move Rolexes out of the safe & placed em onto the floors....

AP ROO T3, EOD, RBs & Alinghis prices has stabilized & begun to climb again like Panerai.

PP Nautilus Jumbo 5711/1A-001, 5712/1A-001 & 5980/1A-001 has stabilized & began to climb as well. Aquanauts 5167/1A is also stabilizing.

I dunno where you get your data from.
But the fact that Panerai can sell well in Boutique & ADs as well as grey mart not only in SG-ROC but Rolex Forum, WatchNet, TimeZone, WUS testify to my statements above.

The new P9000 mvmt series in 312, 320, 305 & soon 312 is the only models that registered as SOLD OUT & pending new stock and hence the waitlist in all ADs & Boutiques in 2009. Their price may have come down from the peak few mths ago, but they are still selling like hotcakes in all ADs worldwide.

In Paneristi & ViaPaneristi forum, readily available 312 stocks in any AD are still being highlighted in these forums to members so that they can get it asap and cancel the queue....But the queue wait list is still very long....

No other brands have ever achieved this especially in this uncertain time amidst the biggest crash since 1929 Great Depression when even Rolex are still putting names on other watch till 1940s.

I look at all the BNIB, LNIB, Minty & PO Rolexes being advertised in all forums & I think hardly any of them are moving. In fact many great grey traders like BABKA, Marcus, John, Big Bruce, Tom B, Kenneth, Richard & etc had stopped carrying Rolex all together.

When traders stopped carrying a brand....where I come from as a trader, it marks the end for tat brand, period. There's no coming back from that once a brand lose it sale appeal even for the shortest or temporary moment as other brands will take it's place 4ever.

Rest assured, I monitor the market worldwide and there's only 1 brand right now with select new models like 317, 341, 305, 321, 320 & 312 where there's actually a REAL waiting list with paid deposit in all Boutiques & ADs worldwide....

[patricia]

YES, I agree.
Price are less insane now for PAM0, 5, 24, 25, 88, 90, 104, 164, 212, 240 & 292K that got whacked by 305, 312 & 320 and soon 321....I agree, time to pick PAM0, 5, 24, 25, 88, 90, 104, 164, 212, 240 & 292K up before SWATCH group stopped allowing ETA6497 & 7750 from being decorated by Panerai starting from 2016....

NO, a big NO.
I DON'T AGREE WITH YOUR BROAD-BASED STATEMENT THAT PANERAI PRICE IS DROPPING.
All the super rare Pre-vendome like 2/156, 3646s, 6152s, 6154, 201s & 301s along with popular & very limited Post-V like PAM1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 23, 26B-T, 36, 56, 115, 117, 123, 127, 203, 217, 219, 232, 237, 239, 249, 267, 292J, 301 are holding fast since middle of 2009.
In fact these much sought after models' price are going up these last few mths.

Some of the rarer ones like 2/156, 3646s, 6152s, 6154, 201s & 301s, 1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 26B-T, 36, 56, 115, 117, 203, 239, & 267 had never gone down even for a dime in 2008 or 2009.

I'm sad that they are going up & sadder they never even come down for one single cent as I'll never be able to afford most, it not all of this models.

In fact Panerai is the only brand with select model like 2/156, 3646s, 6152s, 6154, 201s & 301s, 1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 26B-T, 36, 56, 115, 117, 203, 239, & 267 that never depreciate even in this downturn or in 2000 due to Dot.com bubble burst, 2001 (911), 2003 (Desert Storm 2 & SARS) since they started public sale in 1998.

The same cannot be said of any IWC, JLC, Breguet, Piaget, PP, AP & Rolex vintage & current models where depreciation of 20-60% happens even on the Gods like Single Red, Double Red, Orange Hands, COMEX & Steve Mcqueen models and they have not recovered since.
And, they happen on every downturn since 1960s.

The funny thing is Rolex vintage value has started to drop in Sep-2007 way even before the crash in Oct 08.

If I look at current Rolex models; Daytona, EX2, GMT2c, DSSD, Milgauss, SD, Sub-Date, Sub in any TT, 18KYG and even Steel models along with all vintage Rolexes, they have found no bottom yet as the mass mart move away from small watches to bigger ones in & these ppl still have not return to Rolex since they moved to big watches....Rolex have suffered 50% mart share erosion since 1998...no thanks to post WW2 baby boomers that no longer work, retiring or dying.....some have died.

DSSD at 43mm was made to plug this mart share erosion....but look at the number of DSSD in all ADs & grey mart worldwide that're unsold since early this year....

Look at the amount of GMT2C & Milgauss that's collecting dust everywhere....

I dun see any mass produced PAM0, 5, 111, 112, 113, 114, 176, 177, 219, 312, 320 in any Boutique & AD's shelf anywhere in any country.

But I see at least one EX2, GMT2c, DSSD, Milgauss & Sub-Date Steel, TT & 18YG in the exhibition shelf outside every AD I went to in Japan, Korea, Taiwan, UK, USA, HK, Switzerland, Italy, Germany, Spore & Msia and at least 10 more in the safe.

When u start to see basic steel models in exhibition glass outside any AD....that is VERY VERY bad!

THG in Orchard has 58 unsold Daytona Steel Black from M-series. They have another 80+ for V-series.
A director in THG told me Rolex is the only brand that's losing them huge $ right now! They are starting to move Rolexes out of the safe & placed em onto the floors....

AP ROO T3, EOD, RBs & Alinghis prices has stabilized & begun to climb again like Panerai.

PP Nautilus Jumbo 5711/1A-001, 5712/1A-001 & 5980/1A-001 has stabilized & began to climb as well. Aquanauts 5167/1A is also stabilizing.

I dunno where you get your data from.
But the fact that Panerai can sell well in Boutique & ADs as well as grey mart not only in SG-ROC but Rolex Forum, WatchNet, TimeZone, WUS testify to my statements above.

The new P9000 mvmt series in 312, 320, 305 & soon 312 is the only models that registered as SOLD OUT & pending new stock and hence the waitlist in all ADs & Boutiques in 2009. Their price may have come down from the peak few mths ago, but they are still selling like hotcakes in all ADs worldwide.

In Paneristi & ViaPaneristi forum, readily available 312 stocks in any AD are still being highlighted in these forums to members so that they can get it asap and cancel the queue....But the queue wait list is still very long....

No other brands have ever achieved this especially in this uncertain time amidst the biggest crash since 1929 Great Depression when even Rolex are still putting names on other watch till 1940s.

I look at all the BNIB, LNIB, Minty & PO Rolexes being advertised in all forums & I think hardly any of them are moving. In fact many great grey traders like BABKA, Marcus, John, Big Bruce, Tom B, Kenneth, Richard & etc had stopped carrying Rolex all together.

When traders stopped carrying a brand....where I come from as a trader, it marks the end for tat brand, period. There's no coming back from that once a brand lose it sale appeal even for the shortest or temporary moment as other brands will take it's place 4ever.

Rest assured, I monitor the market worldwide and there's only 1 brand right now with select new models like 317, 341, 305, 321, 320 & 312 where there's actually a REAL waiting list with paid deposit in all Boutiques & ADs worldwide....

Agree with you bro

[exxondus]

YES, I agree.
Price are less insane now for PAM0, 5, 24, 25, 88, 90, 104, 164, 212, 240 & 292K that got whacked by 305, 312 & 320 and soon 321....I agree, time to pick PAM0, 5, 24, 25, 88, 90, 104, 164, 212, 240 & 292K up before SWATCH group stopped allowing ETA6497 & 7750 from being decorated by Panerai starting from 2016....

NO, a big NO.
I DON'T AGREE WITH YOUR BROAD-BASED STATEMENT THAT PANERAI PRICE IS DROPPING.
All the super rare Pre-vendome like 2/156, 3646s, 6152s, 6154, 201s & 301s along with popular & very limited Post-V like PAM1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 23, 26B-T, 36, 56, 115, 117, 123, 127, 203, 217, 219, 232, 237, 239, 249, 267, 292J, 301 are holding fast since middle of 2009.
In fact these much sought after models' price are going up these last few mths.

Some of the rarer ones like 2/156, 3646s, 6152s, 6154, 201s & 301s, 1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 26B-T, 36, 56, 115, 117, 203, 239, & 267 had never gone down even for a dime in 2008 or 2009.

I'm sad that they are going up & sadder they never even come down for one single cent as I'll never be able to afford most, it not all of this models.

In fact Panerai is the only brand with select model like 2/156, 3646s, 6152s, 6154, 201s & 301s, 1B-T, 2B-T, 4, 9, 16, 21, 22B-T, 26B-T, 36, 56, 115, 117, 203, 239, & 267 that never depreciate even in this downturn or in 2000 due to Dot.com bubble burst, 2001 (911), 2003 (Desert Storm 2 & SARS) since they started public sale in 1998.

The same cannot be said of any IWC, JLC, Breguet, Piaget, PP, AP & Rolex vintage & current models where depreciation of 20-60% happens even on the Gods like Single Red, Double Red, Orange Hands, COMEX & Steve Mcqueen models and they have not recovered since.
And, they happen on every downturn since 1960s.

The funny thing is Rolex vintage value has started to drop in Sep-2007 way even before the crash in Oct 08.

If I look at current Rolex models; Daytona, EX2, GMT2c, DSSD, Milgauss, SD, Sub-Date, Sub in any TT, 18KYG and even Steel models along with all vintage Rolexes, they have found no bottom yet as the mass mart move away from small watches to bigger ones in & these ppl still have not return to Rolex since they moved to big watches....Rolex have suffered 50% mart share erosion since 1998...no thanks to post WW2 baby boomers that no longer work, retiring or dying.....some have died.

DSSD at 43mm was made to plug this mart share erosion....but look at the number of DSSD in all ADs & grey mart worldwide that're unsold since early this year....

Look at the amount of GMT2C & Milgauss that's collecting dust everywhere....

I dun see any mass produced PAM0, 5, 111, 112, 113, 114, 176, 177, 219, 312, 320 in any Boutique & AD's shelf anywhere in any country.

But I see at least one EX2, GMT2c, DSSD, Milgauss & Sub-Date Steel, TT & 18YG in the exhibition shelf outside every AD I went to in Japan, Korea, Taiwan, UK, USA, HK, Switzerland, Italy, Germany, Spore & Msia and at least 10 more in the safe.

When u start to see basic steel models in exhibition glass outside any AD....that is VERY VERY bad!

THG in Orchard has 58 unsold Daytona Steel Black from M-series. They have another 80+ for V-series.
A director in THG told me Rolex is the only brand that's losing them huge $ right now! They are starting to move Rolexes out of the safe & placed em onto the floors....

AP ROO T3, EOD, RBs & Alinghis prices has stabilized & begun to climb again like Panerai.

PP Nautilus Jumbo 5711/1A-001, 5712/1A-001 & 5980/1A-001 has stabilized & began to climb as well. Aquanauts 5167/1A is also stabilizing.

I dunno where you get your data from.
But the fact that Panerai can sell well in Boutique & ADs as well as grey mart not only in SG-ROC but Rolex Forum, WatchNet, TimeZone, WUS testify to my statements above.

The new P9000 mvmt series in 312, 320, 305 & soon 312 is the only models that registered as SOLD OUT & pending new stock and hence the waitlist in all ADs & Boutiques in 2009. Their price may have come down from the peak few mths ago, but they are still selling like hotcakes in all ADs worldwide.

In Paneristi & ViaPaneristi forum, readily available 312 stocks in any AD are still being highlighted in these forums to members so that they can get it asap and cancel the queue....But the queue wait list is still very long....

No other brands have ever achieved this especially in this uncertain time amidst the biggest crash since 1929 Great Depression when even Rolex are still putting names on other watch till 1940s.

I look at all the BNIB, LNIB, Minty & PO Rolexes being advertised in all forums & I think hardly any of them are moving. In fact many great grey traders like BABKA, Marcus, John, Big Bruce, Tom B, Kenneth, Richard & etc had stopped carrying Rolex all together.

When traders stopped carrying a brand....where I come from as a trader, it marks the end for tat brand, period. There's no coming back from that once a brand lose it sale appeal even for the shortest or temporary moment as other brands will take it's place 4ever.

Rest assured, I monitor the market worldwide and there's only 1 brand right now with select new models like 317, 341, 305, 321, 320 & 312 where there's actually a REAL waiting list with paid deposit in all Boutiques & ADs worldwide....

erhm, thats why i say depends on mkt. like singapore seem to be saturated on Rolexs and some PAM models thats why price is dropping.

Since you monitor worldwide prices, I am sure you also know economics 101. Demand vs supply.

Look at it this way. Watch brands determines how many watches to distribute to a country. One reason is to control the avilabity of a particular model. This is logistics in a company and I know cos I went to interview with a Swiss watch company b4 and theqn that I got assked was.

"In certain mkts, some models are highly sought after but our Swiss Mother company did not allocate sufficient supply for you. how will you handle?"

I stupidly said, "Give the mother company the stats, and demand and ho much more they can earn if they chang the supply to here instead."

The reply I got was. "Yup, that would work but not so for luxury watches. The mother company wants to maintain exclusitivy and control supply by not meeting the demand. Hence, you need to understand this and tell me how would you handle your customers and your agents that keep pestering you for the watch. You need to maintain the customer base and yet acknowledging this issue"

ok so the end thing is, i never got the job

however, now look at grey dealers. They see shortage. They faster go buy from overseas, bring back sell at premium cos got wait list (one example is Daytona. Used to be hard to get but now????). More people see this is profitable and bring more and more. In the end, mkt balance in 1 country is affected. Now, frustrating thing is, grey dealers start to screw the brand they used to make money with. Say oh, lose money lah, no good lah, i swear by another brand lah, etc etc blah blah blah.

Lets go back to PAM. PAM has a much better control as they only release a small certain number of models. e.g series might only have 2000 pieces worldwide. OF COS this will cause price surge everywhere. HOWEVER, this is possibliy a foresight by the management, something that Rolex, which started much longer, never foresee the potential economy racking abilities of grey dealers. Sad to say, if Rolex don realise this, it is a goner in the longer future.

Anyway, imagine as more people bring in more PAMs to singapore due to the initial impact (as per Rolex last time when many people earn money by bringing them in, hack caring the system). Price will eventually fall. let;s look at 312 since you mentioned it. Demand yes. But price? can still sell at over 10k? I see BNIB, LNIB, gg for 9.8->9.5->9.3 and recently 9k. This is a situation Singapore of cos. Worldwide demand is still there.

Look at Rolex Daytona maybe. In the states, sometimes only 1 piece is allocated and that makes it less lightly to have a price drop substantially.

My point is. don curse the brand that used to bring you profits. Look at the reason why it dropped in a particular region.

anyway, i am a buyer so I couldnt care less. But its quite sad to see people saying Rolex is no longer worthy. PAM IS dropping in terms of price in Singapore at least. I find that a fact hard to be pushed down regardless of what grey dealers say. In the long run, as more grey dealers start turning to PAM since ROLEX no longer gives them the same profit margin, the same thing will eventually happen in that country. Worldwide is of cos a different story.

[edsonchan]

Bro EX:

Can change your signature?

"There are" not "There's"

[exxondus]

Bro EX:

Can change your signature?

"There are" not "There's"

The correct phasse should be There're and not There are. Reason being that its used in a speech and not as a statement.

e.g. "I'll be there" as a speech vs I will be there as a statement

But since i am quoting another person, I find it rude to change what he said hope it isnt affecting you.

[edsonchan]

I am bored