Getting a Pam watch... Price?

[Zeusleo]

Bro, just something in general feelings and dont take it personally.

It's all about the supply and demand. if there are buyers willing to offer higher, If you are the seller would you reply
The price stated is already grey market price and we are not talking about AD or boutique.

Plus the price in europe have increased therefore the price and mindset will have to be adjust accordingly as well. In matter of one month my purchases also went up more than $500 in april which by right I was on their waitlist. The supply/demand curve is a upwards bias.

Last time a brand new japanese car is 50k, but now costed 100k for the same thing. People are still buying and people are also wishing the price to drop back to same price. Maybe that will happen but when?

IMO - buy a new pam..

Buying 2nd hand is a bit diff as seller want to sell high & buyer want to buy low..

For myself, i did some homework for new pam 312 price.. Around 7.8k for N, 8.3 for O & 8.8 for P ( grey dealers)

Apparently when I offer 7 to 7.2k for O series.. I'm consider LOWBALLER cos seller never even reply..

*sigh*

It's like 12% of new price but..

So I think best is buy a new watch.. Forum have a few sellers selling at gd price.. Pay cash & buy from them..

Alternative use credit promo to buy.. Use instalment.. ( O series 10400 from cortina, May bank 8% off.. Interest free for installment).. No need to worry about authenticity..

* JUST MY 2 CENTS HOPE I NEVER OFFEND ANYONE*

[Jamesu]

For the 75% for Europe, does it include base models?

[Paneraii]

Good job nimm in trying to illustrate the situation.

[potus65]

I started with a 4K budget..but fell for the PAM111 and there goes the budget.

[kelvin_koh]

For the 75% for Europe, does it include base models?

I don't think so as basically no discount given for PAM000 or PAM111.

[kelvin_koh]

a general guide for panerai prices in singapore:
buy from ion boutique - 100% of retail, no discount
buy from local AD bnib - 90% of retail, ADs typically give 5-10% discount
buy from europe bnib - 75% of retail (due to AD discount + VAT rebate)
buy from gray dealers bnib - 80% of retail (yes, gray dealers earn 5% commission)
buy preown direct from owners - 65% of retail (cheapest of all, some can even go below 60%)
buy preown from shops - 70% of retail (preown shops style - lowball sellers, highball buyers)

quote an eg now with pam312 using above % - current local retail $10,400
buy from ion - $10,400
buy from local AD bnib - $9,500
buy from europe bnib - $7,800
buy from gray dealers bnib - $8,300
buy preown direct from owners - $6,800
buy preown from shops - $7,400

the above % apply to rolex as well, but not other brands (eg iwc, breitling, omega, cartier, AP, etc typically have poorer resale value than panerai and rolex, and ADs typically give very large discounts upfront for these other brands)

dont get me started on lower tier like b&r, sinn, oris, tag heuer, etc... these have #$@%! resale value

Pre-owned depends on number of years owned and whether any original warranty left when purchase.

[Jamesu]

I don't think so as basically no discount given for PAM000 or PAM111.

Oh, then SG better in this sense, should be able to squeeze out 10%.

[ugllyfat]

Bro, just something in general feelings and dont take it personally.

It's all about the supply and demand. if there are buyers willing to offer higher, If you are the seller would you reply
The price stated is already grey market price and we are not talking about AD or boutique.

Plus the price in europe have increased therefore the price and mindset will have to be adjust accordingly as well. In matter of one month my purchases also went up more than $500 in april which by right I was on their waitlist. The supply/demand curve is a upwards bias.

Last time a brand new japanese car is 50k, but now costed 100k for the same thing. People are still buying and people are also wishing the price to drop back to same price. Maybe that will happen but when?

Yes. I understand perfectly, no hard feelings.

Like I mention it's a bit difficult to achieve a compromise as seller wants high & buyer wants low..

The supply demand curve is the higher demand, the lesser supply = the higher price..

Branded goods price are always going up but never down even when the supply is surplus.. Applicable to new not pre-loved..

IMO -

For your case, wait list n they up the price ( new watch I assume) no choice. In your shoe I will also LL pay additional 500.

I offer less about 12-14% off the new price for a 2nd hand watch with some warranty left to a certain extent i think its quite reasonable then again if I'm the seller I won't mind if someone is willing to pay more..

Pre-loved watch, eg 312 K series for 7k+ or O series for 7.8-8k... I think till date their watch is still waiting for new owners.. 一个愿挨一个愿打 than can seal the deal...

Using the car as example is not very good as the price of car is high due to COE..

*Anyone who read this pls read with an open heart, I just express my opinion & kill time in this forum. Should anyone feels that I offended him/her... I would like to apologise here.*

[roguehog]

I started with a 4K budget..but fell for the PAM111 and there goes the budget.

just my 2 cent. if you like the 111, wait for the 510. this is supposed to replace the 111 over time i reckon. it's about $100 more than the 111 but uses a new in-house 8-days movement.

[lufu]

just my 2 cent. if you like the 111, wait for the 510. this is supposed to replace the 111 over time i reckon. it's about $100 more than the 111 but uses a new in-house 8-days movement.

Panerai movement especially newly released ones may not be as good and reliable as ETA

[lufu]

For the 75% for Europe, does it include base models?

Absolutely zero discount for PAM000/005. Quite often, you can't even find these 2 pieces. I think production for P series 000/005 got further reduced. difficult to get any discount on PAM111/112 as well

Euro nearly 1.7 now. Plus retail prices in Europe has been increased recently. I think saving of buying from Europe is vanishing quickly

[Zeusleo]

just my 2 cent. if you like the 111, wait for the 510. this is supposed to replace the 111 over time i reckon. it's about $100 more than the 111 but uses a new in-house 8-days movement.

any idea how thick is the 510? afraid later it turned out very thick unlike 111 even with a inhouse mvt

[Jamesu]

Absolutely zero discount for PAM000/005. Quite often, you can't even find these 2 pieces. I think production for P series 000/005 got further reduced. difficult to get any discount on PAM111/112 as well

Euro nearly 1.7 now. Plus retail prices in Europe has been increased recently. I think saving of buying from Europe is vanishing quickly

I hope to get the 112 before they disappear.

[azrielsc]

Panerai movement especially newly released ones may not be as good and reliable as ETA

The inhouse movements cannot be that bad since Panerai has been slowly releasing them since 2006.

[lufu]

The inhouse movements cannot be that bad since Panerai has been slowly releasing them since 2006.

Some of the early ones e.g P9000 yes. But P5000 in 2013. That's new

End of day. As long as one is happy to put their money on it. Who cares.

Personally I won't only because Panerai hasn't got a long history of making movements like the JLC, Patak etc