Panerai pam048 40mm vs Rolex gmt IIc

Panerai pam048 40mm vs Rolex gmt IIc

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Discussion

erics

Original Poster:

2,663 posts

212 months

Tuesday 8th September 2009
quotequote all
Hi Everyone,

I have a Panerai pam048 bought new by me a couple of years ago and hardly worn.

I have no idea of what they are worth on the 2nd hand market.

Apparently new price is £3,500.

I would think circa £2,800?

I can' t find much of them for sell in the UK. Most are 44mm which are enormous. 40mm is still big but for smaller wrists like mine.

I am looking for a gmt II c in steel instead and was wondering what to pay on the 2nd hand market for an almost new one.
It seems that tz-uk has seen deals going through for 3,450...

Ideally, i would be looking for a swap... Where is the spread??

maddernj

224 posts

247 months

Tuesday 8th September 2009
quotequote all
This should give you some idea of 2nd hand prices :

http://www.network54.com/Forum/353390/search?searc...

Seems to be between $4k > $3.5k depending on condition and the year produced.

No idea on the Rolex, I know Watches of Switzerland will off a trade in service, you could try the one in the Royal Exchange ?

Edited by maddernj on Tuesday 8th September 15:02

erics

Original Poster:

2,663 posts

212 months

Tuesday 8th September 2009
quotequote all
ok, thanks so given the current exchange rate about £2,150 / £2,400.

Mine is a 2007 J series so the later ones with quick release bracelets.

I do not really want to sell to the dealers at silly bids.

Are watches generally priced similarly in the US versus the UK?

I understand that daytona' s for example are cheaper in the US. Does the rule apply to all watches as a general rule?

maddernj said:
This should give you some idea of 2nd hand prices :

http://www.network54.com/Forum/353390/search?searc...

Seems to be between $4k > $3.5k depending on condition and the year produced.

No idea on the Rolex, I know Watches of Switzerland will off a trade in service, you could try the one in the Royal Exchange ?

Edited by maddernj on Tuesday 8th September 15:02

maddernj

224 posts

247 months

Wednesday 9th September 2009
quotequote all
[quote=erics]

Are watches generally priced similarly in the US versus the UK?


Not sure on that one, I think that the paneristi website is one of the largest 2nd hand markets on line. As such pretty much everyone knows the value of whats being sold. Its not specific to the US, you will see quite a few UK sellers its just that the US seem to have the largest share of the market.

Edited by maddernj on Wednesday 9th September 09:47

erics

Original Poster:

2,663 posts

212 months

Wednesday 9th September 2009
quotequote all
Gonna try my luck around £2,250.
Although i find it a bit like a give away, but i have my eyes on smthg else.

maddernj said:
erics said:
Are watches generally priced similarly in the US versus the UK?


Not sure on that one, I think that the paneristi website is one of the largest 2nd hand markets on line. As such pretty much everyone knows the value of whats being sold. Its not specific to the US, you will see quite a few UK sellers its just that the US seem to have the largest share of the market.

Edited by maddernj on Wednesday 9th September 09:47

gilford

713 posts

199 months

Friday 11th September 2009
quotequote all
Your problem is the fact that it is 40mm, 99% of people wanting a Panerai want the 44mm.

Whatever you do, do not ring a dealer, the price they will offer you will make you cry!

Are you registered on TZ? That would be a good place to try and sell it smile

I wouldn't say you would get much more than £2k, if you got a figure starting with a "2" you should be happy. I recently sold a March 09 K serial 112 for £2300 and that was a good price!

In regards to the GMTII Ceramic, you should be able to get a 2009 model for circa £3700. I've got one here, mint condition, which I may consider selling for the right price wink

Edited by gilford on Friday 11th September 16:10

taffyracer

2,093 posts

244 months

Saturday 12th September 2009
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I'm looking at Panerai's as a replacement for my GMT II now, I would never consider a 40mm Panerai....just doesn't look right IMO

Edited by taffyracer on Saturday 12th September 11:04

squeezebm

2,319 posts

206 months

Sunday 13th September 2009
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taffyracer said:
I'm looking at Panerai's as a replacement for my GMT II now, I would never consider a 40mm Panerai....just doesn't look right IMO

Edited by taffyracer on Saturday 12th September 11:04
I'd be happy with a 40mm but after having a good peruse over the last few months I think the figure would for me have to have a 1 at the start of it for any serious consideration .

BigAlinEmbra

1,629 posts

213 months

Sunday 13th September 2009
quotequote all
Might be worth PMing Dom H on here. Seems to have plenty happy customers.
Have you checked out chronomaster and watches.co.uk?