And this is why Panerai never lose value, ladies and gentlemen... Secondary market prices follow OEM price increases -- that is as long as there's strong demand for the watches...
But $6k+ for a basic steel Luminor? I'm glad I bought mine when they were in the $3-4k area...
Originally Posted by TC (Houston)
Holy cow, had no idea these have gotten so expensive. I think I paid something like $3,200 for mine new back in 2005.
i was hunting through my collection of watch catalogues at home this weekend. found the panerai official price list for 2005. price for the 112....
i would agree. i have to find a cheaper way. problem is, even if i can get a significant discount, im still looking at a $600 increase, that i was not expecting. fml.
that is crazy.
I mean to be fair, Patek, Rolex, and practically every other brands are increasing their prices as well.
In 2005, a Rolex Submariner date would run you at $4,500ish. Now the watch retails for $8,550. Man I was pretty happy to paid $6,700 for mines. I was also very lucky to score a very sweet deal on my GMT-c about 2 months ago.
Check references, buy with a no-questions-asked 3 or 5-day return agreement so you can inspect it. Some guys selling watches there are grey market dealers who have been doing that for a decade, so they have a lot of references
the golden rule is to buy the seller and you should be fine.
On the rolex forums, DAVIDSW and Bodybump (Oscar) are my guys. They can probably get you a brand new Panerai with your name on it for a slight discount. Or they will have a LNIB for sale for a great price.
Originally Posted by gdl203
Check references, buy with a no-questions-asked 3 or 5-day return agreement so you can inspect it.Some guys selling watches there are grey market dealers who have been doing that for a decade, so they have a lot of references