Panerai

[ferdi p]

Been offered a 2 month old Panerai 00423 for 5k

http://www.google.co.uk/imgres?client=safari&s...

Not everyone's idea of a classy watch I know, however I've really got an urge for one!

Thoughts on wether 5k seems reasonable...?

[pincher]

No idea on value but I have to say that is very nice indeed!


ETA - Sorry - doesn't help much does it!

[jules_s]

£7300 new so £5k is a bargain!

Complete set?

[mrdemon]

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

[sneijder]

mrdemon said:

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

A bargain is if something is less than you were willing to pay.

They're 6k used in the E.U. OP could buy it, hate it, and turn a profit or break even at worst.

Do it OP !

[ferdi p]

mrdemon said:

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

Why? Would a Porsche Spyder for 25k not be considered a 'bargain'

[yeti]

Enter it as a search term in chrono24 and filter by price. Disregard the US, Russia, Hong Kong etc and see what the EU prices are. If £5k is cheap on there, then it's a bargain. If there's one in Switzerland for £4500, use it as a bargaining tool.

Mrdemon is wrong on both counts, everything is relative.

[andy tims]

mrdemon said:

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

Thanks for your well informed contribution

For the benefit of those who occasionally stumble in to the Watch Forum on PH not to learn despite clearly knowing very little about the subject:-

1) Many watches hold their value well - including most Panerai

2) Many go up in value once they are a few years old. I have a 1972 Rolex that's worth just over 50 times the RRP.

[michael gould]

yeti said:

Enter it as a search term in chrono24 and filter by price. Disregard the US, Russia, Hong Kong etc and see what the EU prices are. If £5k is cheap on there, then it's a bargain. If there's one in Switzerland for £4500, use it as a bargaining tool.

Mrdemon is wrong on both counts, everything is relative.

Good advise......chrono24 is a great source of information on prices, with the exchange rate watches a cheap in Euro countries

[dom9]

mrdemon said:

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

What? Mental. Utterly mental.

I am not a fan of the Panerai's but I quite like that OP.

If it's a full set and unmarked and you can't find another one close to the price then jump on it if you like it and have the funds!

[ferdi p]

dom9 said:

mrdemon said:

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

What? Mental. Utterly mental.

I am not a fan of the Panerai's but I quite like that OP.

If it's a full set and unmarked and you can't find another one close to the price then jump on it if you like it and have the funds!

Full set including box, papers & rubber strap, never worn!

Deal done, pick up next week

[michael gould]

ferdi p said:

dom9 said:

mrdemon said:

I don't think I could call any £5k watch a bargain

A bargin has to be less then 50% of retail also.

What? Mental. Utterly mental.

I am not a fan of the Panerai's but I quite like that OP.

If it's a full set and unmarked and you can't find another one close to the price then jump on it if you like it and have the funds!

Full set including box, papers & rubber strap, never worn!

Deal done, pick up next week

Congratulations......good buy.....wear your new watch in good health .........as for the stupid comment about no watch is a bargain at 5k or has to be 50% of list, that is only true of TAGs

[B17NNS]

I really like these.

[jimmy156]

I love the power reserve dial, is that a feature on many automatics?

[andy tims]

jimmy156 said:

I love the power reserve dial, is that a feature on many automatics?

I have one on my Sinn 956 & my Seiko Spring Drive Diver, but they are not that common.