Panerai Price Dropping!

[wolfeyes1974]

That's just "siao ka be siao" (crazy).
Siao siao. (crazy)...
i tot all along they just polish case, lugs & back plate and bracelets or buckle...repairing the movements....that is mean!
Wow...how to check lar???

i won't be able to check and i dunno how to....but i trust the dealer who revealed to me...he's been in this line for ages...

as a consumer, i'll leave the verification and checking to the respective service centre...but i'll avoid certain areas...like many of our members here avoid going into P*** K***

[Oceanklassik]

Bro wolf, share who are the "usual suspects", can? PM way.

[Fred_Tan]

Lol

heh, if 312 really got at 6k, I will most prob be too worried to buy from that guy also

thats how weird we human beings sometimes are (or maybe its just me). Too ex cant afford, too cheap, worry its fake

That's so true...

[Fred_Tan]

Man, this is crazy

Fred...good of you to share what "methods" some pple/traders used in forums and how they pass off LNIB as BNIB..

personally, i found this out quite a while ago in this forum...whenever you see someone sells a omega PO.....soon, you'll see in WTB some new members (with 1-2 posts) wanting to buy the same watch...easy to catch! you'll not find them contributing to the other sections of the forum...do a search and you'll find them..

i also know who're some of the dealers who pass off LNIB as BNIB...watches like PP/JLC/AP/Rolex have been stripped to individual parts.. polished and all....then package with a new box to make it BNIB....selling them to make thousands of $$ (for PP and more established brands etc)..or sell at premium... i don't buy from them....i even avoid going to that area to look at their watches...

thanks again for sharing with the members here...

That's just "siao ka be siao" (crazy).
Siao siao. (crazy)...
i tot all along they just polish case, lugs & back plate and bracelets or buckle...repairing the movements....that is mean!
Wow...how to check lar???

[wolfeyes1974]

Yes, current & common models like 0, 5, 24, 25, 88, 90, 104, 111, 112, 113, 114, 164, 212 & 240 price dropped but not as bad as any other brands like IWC, JLC, Rolex.
I think these models registered the least dropped when compared to other brands.

22BT was asking for like 28k 2 yrs ago...
but I know it only actually changed hand at 18k even at it's peak in Jun-08 with an Indonesian buyer....
Pay anything higher and u'd overpaid.....
Anyway, based on prices that was "actually" executed, transacted and not price that was asked in all the Posts by dealers which I have been recording in my humble Excel, I don't think 2/156, 3646s, 6152s, 6154, 201s, 301s, 1B-T, 2B-T, 21, 22B-T, 23B-T, 26B-T, 28B-T, 56, 89, 91, 92, 93, 115, 117, 123, 127, 194, 195, 203, 217, 232, 237, 239, 249, 292J & 301 did go down. So, again I reiterate, NO, price didn't drop for these models at all if we look at real transacted price compared between lows in Mar 2009 and highs in Sep-08.

In fact, 2/156, 3646s, 6152s, 6154, 201s, 301s, 1B-T, 2B-T, 21, 22B-T, 23B-T, 26B-T, 28B-T, 56, 89, 91, 92, 93, 115, 117, 123, 127, 194, 195, 203, 217, 232, 237, 239, 249, 292J & 301 prices has been going up since mid-09.

Panerai is 1st brand with select models like 2/156, 3646s, 6152s, 6154, 201s, 301s, 1B-T, 2B-T, 21, 22B-T, 23B-T, 26B-T, 28B-T, 56, 89, 91, 92, 93, 115, 117, 123, 127, 203, 217, 232, 237, 239, 249, 292J & 301 to register transacted price increase along with 0, 5, 111, 112, 176, 177 & 219 since mid-09.

Sadly, for 24, 25, 88, 90, 104, 164 & 240, the price will con't to slide as 305, 312, 320 & 321 will take it's place.

I do not compare price based on FS asking.
I know I cannot use FS as it's manipulated by buyers & sellers alike.
I must not include SGD35k asking for 217....30k for 249....29k for 292J...20k for 232....35k for 195.....29k for 123....200k for 203....32k for 26BT.....400k for 21...as I know they never changed hand.

In stock prices, ur portfolio & worth is valued at closed bid & not ask.
I treat the same for watches.

And, I ignore all low collectors pricing as they may need to sell cheap due to lack of Reference.
There're collectors here & in other forums who try to bring e mart down by posting fake FS with low prices, which I ignore.
There're also sellers whom posted high prices with no watches to spurn e mart esp in 2007 & 2008.
These ppl whom seldom trade & appear suddenly as they dissapear are also ignored by me.

I only look at price that was actually sold by traders as it's what the mart is, and it's standardize; something like SGX lar....easi to compare.

So in conclusion, I think everyone will agree, apart from 24, 25, 88, 90, 104, 164 & 240, Panerai price has stabilized & had started to increase.

I also think, every one will agree that Panerai remain as the only brand with least depreciation for 0, 5, 111, 112, 176, 177 & 219.

I also think based on real transacted prices, Panerai is the only brand where select models like 2/156, 3646s, 6152s, 6154, 201s, 301s, 1B-T, 2B-T, 21, 22B-T, 23B-T, 26B-T, 28B-T, 56, 89, 91, 92, 93, 115, 117, 123, 127, 203, 217, 232, 237, 239, 249, 292J & 301 never go down at all.

And, 2/156, 3646s, 6152s, 6154, 201s, 301s, 1B-T, 2B-T, 21, 22B-T, 23B-T, 26B-T, 28B-T, 56, 89, 91, 92, 93, 115, 117, 123, 127, 203, 217, 232, 237, 239, 249, 292J & 301 along with 0, 5, 111, 112, 176, 177 & 219 are starting to increase, e 1st brand to do so since mid tis yr.

Fred...good of you to share what "methods" some pple/traders used in forums and how they pass off LNIB as BNIB..

personally, i found this out quite a while ago in this forum...whenever you see someone sells a omega PO.....soon, you'll see in WTB some new members (with 1-2 posts) wanting to buy the same watch...easy to catch! you'll not find them contributing to the other sections of the forum...do a search and you'll find them..

i also know who're some of the dealers who pass off LNIB as BNIB...watches like PP/JLC/AP/Rolex have been stripped to individual parts.. polished and all....then package with a new box to make it BNIB....selling them to make thousands of $$ (for PP and more established brands etc)..or sell at premium... i don't buy from them....i even avoid going to that area to look at their watches...

thanks again for sharing with the members here...

[ohlins]

pls restrict the discussion to the posted topic and leave the mods out of it....

we do not defend the behaviour, agenda or position of any member.... they are responsible for their own posts...

but since "ignorant" is not the same as "arrogant", i am just pointing this out before a misunderstanding over "name-calling" might occur

thanks....

[patricia]

heh, if 312 really got at 6k, I will most prob be too worried to buy from that guy also

thats how weird we human beings sometimes are (or maybe its just me). Too ex cant afford, too cheap, worry its fake

Then, I think our babies deserve better parents.

[exxondus]

Wait long maybe have.

heh, if 312 really got at 6k, I will most prob be too worried to buy from that guy also

thats how weird we human beings sometimes are (or maybe its just me). Too ex cant afford, too cheap, worry its fake

[patricia]

no man, even if its 6k, which will never happen, haha....I oso wont be able to afford at the moment, at least till, if I lucky, year end haha....

but still very keen on that. love the clean dial and no cyclops over the date and the fiddy like casing in 44mm instead of 47mm.

to be honest, many a times I ever tht of selling my gmtiic to fund for the 312haha but so far held back cos still like my gmtiic also...life is really hard when you have to make choices. sigh...

Wait long maybe have.

[Fred_Tan]

Hope u kena Toto, 4D, promotion, big bonus & increments...

no man, even if its 6k, which will never happen, haha....I oso wont be able to afford at the moment, at least till, if I lucky, year end haha....

but still very keen on that. love the clean dial and no cyclops over the date and the fiddy like casing in 44mm instead of 47mm.

to be honest, many a times I ever tht of selling my gmtiic to fund for the 312haha but so far held back cos still like my gmtiic also...life is really hard when you have to make choices. sigh...

May u have more $ to buy big condos, cars, country club memberships and many many good watches......Patek oso bery cheap now

[exxondus]

This is a free market,if you like the watch and can afford it,then just buy.
If cant afford it then too bad.

I noticed exxondus is keen on a 312K?Wonder if you have actually bought one of it to show off since the price has dropped to $8.8K.Or are you waiting for it to fall even lower?

Salute to all grey dealers.

no man, even if its 6k, which will never happen, haha....I oso wont be able to afford at the moment, at least till, if I lucky, year end haha....

but still very keen on that. love the clean dial and no cyclops over the date and the fiddy like casing in 44mm instead of 47mm.

to be honest, many a times I ever tht of selling my gmtiic to fund for the 312haha but so far held back cos still like my gmtiic also...life is really hard when you have to make choices. sigh...

[patricia]

Agree with you bro

This is a free market,if you like the watch and can afford it,then just buy.
If cant afford it then too bad.

I noticed exxondus is keen on a 312K?Wonder if you have actually bought one of it to show off since the price has dropped to $8.8K.Or are you waiting for it to fall even lower?

Salute to all grey dealers.

[patricia]

will i get to buy pam 233 @ 14.5k below? last year want to buy 16k. now i heard 14.5k can buy. if can hor, 1.5k savings. can buy more straps.

So have you bought it yet?

[Fred_Tan]

No lar....we dun control price

Wow i do learn new thing. Wonder is there a "leader" in the dealer group?
Is this how the price of resale watch is control ?

Can throw some light ? Wonder why only Rolex, Panerai and PP hold value. Is this the reason ?

Thanks for sharing

We are not cartels as we cannot control supply & demand.
We just wanna make sure we dun embarass ourselves by putting e wrong pice, LOL.
No leader.
No control.
Just pure info sharing..
Example, if trader ABC posted SGD7.1k asking for a BNIB 176L few mths ago.
And he couldn't sell even after 2-3 mths.
I call him & ask how low he can go....
He says' 6.75k.
So, when I get my 176L next mth for example, I can post lower ask of say 6.9k and will close e deal if some1 offer me say, 6.65k....how's that?

This information sharing is due to too many models in e mart & too many brands.
I only know a few models for PAM & I dunno nuts about other brands.
Each trader oso expert on few models & brands.
Some traders are more established & in e mart for many many years & they know much much much more than me & I refer to em more than they refer to me....
They help me a lot...

[edsonchan]

Wow i do learn new thing. Wonder is there a "leader" in the dealer group?
Is this how the price of resale watch is control ?

Can throw some light ? Wonder why only Rolex, Panerai and PP hold value. Is this the reason ?

Thanks for sharing

In my opinion, any watch and any brand has the potential to hold it's value.
As long as there are people who are willing to pay, and it is consistent. There will be a value.

If today, everyone stop buying Rolex or Panerai. I mean really STOP buying. It will be worth nothing.