Guide : Buying Panerai in Europe

[Gunbucker]

Thanks for the detailed info on the VAT return calculation. Glad I bought my 372 from one of our dealer bros on the forum. The boutique in Paris, as well as most ADs didn't have stock. I love the email reply from one of the ADs: pls try again after next year's SIHH... LOL!

[stepper78]

Bro, VAT is 19% of the base price, not the net price... your maths wrong liao. After deducting the service fees for the company that processes the VAT refund, you will only get back 12% of the net price.

Luckily, you tell me that.

The sales tell me is 19%

Thanks!

[BAR_Honda]

I agree. My sister-in-law was at Berlin last week. Asked her to help me buy Pam... all the models I shortlisted; no stock. Only got Pam005 at 3,800 Euro (after discount!) I think prices went up by a few hundred Euros recently, coz the list price was 3,700 Euro for Pam005. Anyway the nett VAT refund was only 11%. So it would have cost me 3,800 x (100%-11%) x 1.67 = $5,650 thereabouts.

[EK0707]

Hi guys, after I'm back, I still think that getting form our local grey sellers is more worth. Cos when I was there the the exchange rate for credit card is around S$1 to Euro$1.67, compare to previous rate is Euro$1.55 and models are very limited but unless can manage to get e discount. Also the final and the most difficult stage will be at the airport, claiming e VAT, people were there will understand what I meant. These are all my personal feel when i'm there, just sharing with you guys, hope no hard feelings, I might be wrong or lack of luck for feeling the right ADs. Anyway I wish those bros going soon will be able to get what they want.

[coern]

BTW, 4900 is the list price. Go to an AD, not the panerai boutique and bargain, can get a few hundred euros off...

[coern]

Bro, VAT is 19% of the base price, not the net price... your maths wrong liao. After deducting the service fees for the company that processes the VAT refund, you will only get back 12% of the net price.

[Gunbucker]

19% VAT is quite decent, considering some other countries like France only offer 13%.

was offer 4.9k euro for a Pam 111 in Germany before VAT refund.

Is it a good price?

Presume 19% VAT, cost will be 4900 X 1.6 X 0.81= $6350

[stepper78]

was offer 4.9k euro for a Pam 111 in Germany before VAT refund.

Is it a good price?

Presume 19% VAT, cost will be 4900 X 1.6 X 0.81= $6350

[coollawyer]

Many thanks for your help on this.

[coern]

Btw, the sales rep from Rocca told me Pam prices going up on 1st Oct. hope you get a good buy before that happens!

[coern]

Coollawyer, check Panerai website for list of ADs.

I went to two in Milan: Rocca and Pisa horologie. Also went to Panerai Boutique there and in Paris.

Rocca is next to Duomo, Pisa near via Montanapoleone. Check google maps for streetview if u need.

Try and bargain, I got a few hundred euros off. Do note that their models may be limited!

[coern]

Boutique no discount. Paris VAT refund is effectively 12% off retail.

Try and look for ADs, Panerai website will help you. Go to those near city center to check out collection and bargain for a good feel of pricing.

I got a few hundred euros off my purchases in Milan.

[zameenzahari]

There's a boutique in Paris- that's the best in terms of selection. Other option would be Chronopassion

[Gunbucker]

Advisory : Heading to Paris, which AD?

Heading out to Paris this weekend. Any idea which Panerai AD offers the largest selection?

Thanks!

[coollawyer]

Hi,

I am going to Milan next week, would some kind soul be able to PM me some addresses of the watch shops that I can go for the PAMs? Would be much appreciated!