I bought my first PAM in 1998, an early GMT, with a 20% discount...from Tourneau! They were several years away from being a hot brand and ironically the pieces from that area became quite desired later on.
I’ve had a couple since, most recently a 425 I sold a couple of years ago. I like Panerai but hated the system that gave all of the most desirable ones to a small cadre of serial buyers. That was my first thought on this thread, the only ones that still command a premium are the LE’s the regular models are too plentiful.
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