Perigaum Watches - Real German?

It is a German company but that is quite different than saying they are German watches like Sinn, Stowa, Nomos or of course A. Lange.

Some of their watches can be found quite cheap on ebay and those automatics are virtually guaranteed to be Chinese made. Not passing judgement just saying.

They do have some ETA models in their lineup but have reasonably high MSRP which I doubt they actually sell at and you have a lot better options for the money. If you can get those ETA ones at 60% off it is probably a reasonably low risk. Though forget about a secondary market for them.

Are they on par with Stowa? It appears no, probably not even close. And keep in mind that Stowa is a bit over hyped as well.

I would buy a Stowa or a Sinn, but not one of those monstrosities.

The good thing is that they are cheap. If you really like it -- buy it and enjoy it. But no, they are not a brand that has earned any "respect" if that is important to you.

A cheap Chinese watch trying to look like a tourbillon and chronograph but failing in both respects. Want an inexpensive watch? Buy a Seiko 5 -- a real manufacturer movement in a watch not trying to be something it is not. Want a chronograph? Buy a Hamilton or Omega. Want a tourbillon? Save your money.

Twotone

Chinese or suspect "Swiss" movements; inflated list price, super "sale" prices. Run don't walk away from these watches. Listen to the others. Stowa is one of your best bets for a mechanical German watch and balances quality and price. Sinn makes great watches. Check out Schaumburg watches too. The list goes on but should not include Perigaum.

It's a visible balance wheel, which I think is an "honest" complication and not (merely) a fake tourbillon. That doesn't make it much better however, and I agree with your advice to spend the same money on a watch 'not trying to be something it's not.'

ugh