The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > Other (non-Rolex) Watch Topics > Panerai Discussion Forum

Reply
 
Thread Tools Display Modes
Old 9 October 2017, 02:54 AM   #1
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Panerai to Flip (maybe for Profit)! Need Advice ASAP

Hi All,
I pose this question to the Panerai experts. Have another chance to buy ANY Panerai (in stock) for 20% off and no tax. If purchased, I probably would sell immediately, although no guarantee as I’ve fallen in love with the brand. So, I’d like your opinions on which one you would buy for that purpose and why? I’m not looking at any special/limited editions, but was thinking a GMT perhaps. And please, I’m not interested in being called out for BS. If you doubt me, I’m happy to PM anyone, especially those in SoCal:). Thanks in advance.


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 9 October 2017, 03:05 AM   #2
fania123
"TRF" Member
 
fania123's Avatar
 
Join Date: Sep 2008
Location: PHILA
Posts: 1,716
I'm sorry but this question makes me ��
fania123 is offline   Reply With Quote
Old 9 October 2017, 03:11 AM   #3
Cru Jones
2024 Pledge Member
 
Cru Jones's Avatar
 
Join Date: Mar 2010
Location: Paris, France
Posts: 34,376
Why not ask the dealer their thoughts on this plan?
Cru Jones is online now   Reply With Quote
Old 9 October 2017, 07:53 AM   #4
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by Cru Jones View Post
Why not ask the dealer their thoughts on this plan?


And you’re first on the board with the sarcastic, non-helpful statement. The dealer doesn’t care...


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 9 October 2017, 01:26 PM   #5
Cru Jones
2024 Pledge Member
 
Cru Jones's Avatar
 
Join Date: Mar 2010
Location: Paris, France
Posts: 34,376
Quote:
Originally Posted by Saoirse32 View Post
And you’re first on the board with the sarcastic, non-helpful statement. The dealer doesn’t care...


Sent from my iPhone using Tapatalk

??? Nothing sarcastic in my comment, bud.

The dealer knows his numbers and market, so, ask him, since he doesn't care, which model sitting in his stock he thinks he's willing to too heavily discount for you so that you can turn around and flip at a profit.

Hope that's helpful for you. Good luck.
Cru Jones is online now   Reply With Quote
Old 25 October 2017, 02:28 AM   #6
Yuri.Popov
"TRF" Member
 
Yuri.Popov's Avatar
 
Join Date: Jul 2015
Real Name: Yuri
Location: New York
Watch: Rolex Submariner C
Posts: 1,224
Quote:
Originally Posted by Cru Jones View Post
Why not ask the dealer their thoughts on this plan?

Think that would be the smartest decision
Yuri.Popov is offline   Reply With Quote
Old 9 October 2017, 05:18 AM   #7
Fredrik
2024 Pledge Member
 
Fredrik's Avatar
 
Join Date: Oct 2011
Location: Sweden
Watch: 1680
Posts: 1,824
Personally I think you can not sell with profit anything he has in stock even with a 20% rebate. Just have a look at jomashop and you will know what prices people will expect for different pieces in the US. They have like a constant sale on Panerai, they are really hard to move right now. Oh, and most people will probably get the same deal as you are getting from the dealer.
Fredrik is offline   Reply With Quote
Old 9 October 2017, 06:15 AM   #8
nick c
Banned
 
Join Date: Feb 2012
Location: Canada
Posts: 26,846
I’m sorry to say but the flipping days are over.
nick c is offline   Reply With Quote
Old 9 October 2017, 12:13 PM   #9
jnelson3097
"TRF" Member
 
jnelson3097's Avatar
 
Join Date: Jul 2010
Real Name: Justin
Location: Wisconsin
Posts: 1,307
Quote:
Originally Posted by nick c View Post
I’m sorry to say but the flipping days are over.
I'll agree with this
jnelson3097 is offline   Reply With Quote
Old 21 October 2017, 01:36 PM   #10
WatchObsess
"TRF" Member
 
Join Date: Jul 2017
Location: Rio de jeneiro
Posts: 211
Quote:
Originally Posted by nick c View Post
I’m sorry to say but the flipping days are over.


Sent from my A1601 using Tapatalk
WatchObsess is offline   Reply With Quote
Old 25 October 2017, 01:36 AM   #11
tegee26
2024 Pledge Member
 
tegee26's Avatar
 
Join Date: Nov 2014
Location: NY
Watch: 116610 SubC
Posts: 215
Quote:
Originally Posted by nick c View Post
I’m sorry to say but the flipping days are over.

I must agree. 5+ years ago you could flip watches that grew old and tired on your wrist and not lose too much $$$. BUT nowadays it is painstaking to flip and/or sell timepieces, especially those in less demand like Panerai, Breitlings, etc. I've lost 30-50% on a two Breitlings and if I bought another Panerai it would be to keep for awhile. I bought my PAM104, fully serviced from a boutique, for $4,750. Now they sell for much less if you're patient.

IMHO
tegee26 is offline   Reply With Quote
Old 9 October 2017, 08:15 AM   #12
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by Fredrik View Post
Personally I think you can not sell with profit anything he has in stock even with a 20% rebate. Just have a look at jomashop and you will know what prices people will expect for different pieces in the US. They have like a constant sale on Panerai, they are really hard to move right now. Oh, and most people will probably get the same deal as you are getting from the dealer.


Jomashop is grey. This is from an AD...


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 10 October 2017, 04:16 AM   #13
Fredrik
2024 Pledge Member
 
Fredrik's Avatar
 
Join Date: Oct 2011
Location: Sweden
Watch: 1680
Posts: 1,824
Quote:
Originally Posted by Saoirse32 View Post
Jomashop is grey. This is from an AD...
Yes! That was my point, I am seeing this from a buyers view, I am in the market for a new Panerai myself at the moment. I can get 15-20% from an AD, about 30% from a grey, so I would expect an even larger discount from a private listing. The discount he is proposing is basically available to anyone at the moment on pieces in stock.
Fredrik is offline   Reply With Quote
Old 9 October 2017, 08:28 AM   #14
flintsghost
"TRF" Member
 
flintsghost's Avatar
 
Join Date: Apr 2017
Real Name: Bill
Location: Colorado USA
Watch: Rolex 16600
Posts: 214
People don't care about grey v. AD. They do care about the bottom line. 20% is not enough of a discount to be able to make money on flipping. You need 40% in order to make a clear profit. As was said, the market on Panerai has tanked. There are lots for sale on the classifieds here and fairly high too. But if you take the time to look at the ads they have usually been bumped 10 or 12 times on the high priced ones and most of the watches being sold aren't particularly special. Then again some do sell on our classified ads. Those are the ones that are priced low and are particular models most people want.
Definitely avoid the ceramic ones due to breakage problems and the fact that many won't buy them under any circumstances to due those problems.
flintsghost is offline   Reply With Quote
Old 9 October 2017, 08:58 AM   #15
Ruud Van Driver
"TRF" Member
 
Ruud Van Driver's Avatar
 
Join Date: Oct 2014
Real Name: Chopped Liver
Location: S. Wales Valleys
Watch: Mickey Mouse
Posts: 9,924
If you’re open to providing us with details of the dealer via a pm then that tells me the 20% discount is open to anyone.

As had been said above, you’re not going to make a profit on flipping if you buy at 20%. Even the profit from buying at a 40% discount will hardly make it worthwhile. If you go ahead with this, you’re asking to get burned.

I think you might have missed the point about AD v greys. You might be picking up from an AD but your intended market will not be. ADs and (some) greys offer a comeback if the watch develops a problem. What sort of warranty will you offer?
__________________
116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM359, PAM689, PAM737

"Why should you allow an AD to shake you down, just so you can buy a watch" - Grady Philpott
Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons
Ruud Van Driver is offline   Reply With Quote
Old 9 October 2017, 10:42 AM   #16
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by Ruud Van Driver View Post
If you’re open to providing us with details of the dealer via a pm then that tells me the 20% discount is open to anyone.



As had been said above, you’re not going to make a profit on flipping if you buy at 20%. Even the profit from buying at a 40% discount will hardly make it worthwhile. If you go ahead with this, you’re asking to get burned.



I think you might have missed the point about AD v greys. You might be picking up from an AD but your intended market will not be. ADs and (some) greys offer a comeback if the watch develops a problem. What sort of warranty will you offer?


Does the warranty not follow the watch?


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 9 October 2017, 10:46 AM   #17
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by Ruud Van Driver View Post
If you’re open to providing us with details of the dealer via a pm then that tells me the 20% discount is open to anyone.



As had been said above, you’re not going to make a profit on flipping if you buy at 20%. Even the profit from buying at a 40% discount will hardly make it worthwhile. If you go ahead with this, you’re asking to get burned.



I think you might have missed the point about AD v greys. You might be picking up from an AD but your intended market will not be. ADs and (some) greys offer a comeback if the watch develops a problem. What sort of warranty will you offer?


BTW, earlier didn’t you say a 12% discount would be good. So a 20% is not, or just not to turn a small profit?


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 9 October 2017, 10:45 AM   #18
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by flintsghost View Post
People don't care about grey v. AD. They do care about the bottom line. 20% is not enough of a discount to be able to make money on flipping. You need 40% in order to make a clear profit. As was said, the market on Panerai has tanked. There are lots for sale on the classifieds here and fairly high too. But if you take the time to look at the ads they have usually been bumped 10 or 12 times on the high priced ones and most of the watches being sold aren't particularly special. Then again some do sell on our classified ads. Those are the ones that are priced low and are particular models most people want.
Definitely avoid the ceramic ones due to breakage problems and the fact that many won't buy them under any circumstances to due those problems.


I disagree or else no one would buy from TSs and everyone would buy from Jomashop and not worry about the warranty...


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 10 October 2017, 12:25 PM   #19
WJGESQ
Banned
 
Join Date: Jan 2008
Location: Florida
Posts: 3,753
Quote:
Originally Posted by flintsghost View Post
People don't care about grey v. AD. They do care about the bottom line. 20% is not enough of a discount to be able to make money on flipping. You need 40% in order to make a clear profit. As was said, the market on Panerai has tanked. There are lots for sale on the classifieds here and fairly high too. But if you take the time to look at the ads they have usually been bumped 10 or 12 times on the high priced ones and most of the watches being sold aren't particularly special. Then again some do sell on our classified ads. Those are the ones that are priced low and are particular models most people want.
Definitely avoid the ceramic ones due to breakage problems and the fact that many won't buy them under any circumstances to due those problems.

As in the case cracking?
WJGESQ is offline   Reply With Quote
Old 9 October 2017, 08:41 AM   #20
zlin08033
"TRF" Member
 
zlin08033's Avatar
 
Join Date: Oct 2008
Location: PA
Posts: 1,033
Don’t do it - I have AD offered most of his in-stock pieces close to his cost. They are not moving.
zlin08033 is offline   Reply With Quote
Old 9 October 2017, 12:27 PM   #21
red1108nyc
2024 Pledge Member
 
red1108nyc's Avatar
 
Join Date: Apr 2011
Real Name: Fred
Location: NYC/NJ Metro Area
Watch: Rolex
Posts: 8,484
Quote:
Originally Posted by zlin08033 View Post
Don’t do it - I have AD offered most of his in-stock pieces close to his cost. They are not moving.
Isn't this telling enough of a statement?
red1108nyc is offline   Reply With Quote
Old 9 October 2017, 09:08 AM   #22
metdrdg
"TRF" Member
 
metdrdg's Avatar
 
Join Date: Jul 2013
Location: Florida
Watch: SSDayt, 5711, 5170
Posts: 195
I'll play. Have him sell you a 671 with 20% off you'll make a profit no question. :)
metdrdg is offline   Reply With Quote
Old 9 October 2017, 09:38 AM   #23
zlin08033
"TRF" Member
 
zlin08033's Avatar
 
Join Date: Oct 2008
Location: PA
Posts: 1,033
Quote:
Originally Posted by metdrdg View Post
I'll play. Have him sell you a 671 with 20% off you'll make a profit no question. :)
Hahahha, that will not be “in-stock”
zlin08033 is offline   Reply With Quote
Old 9 October 2017, 11:03 AM   #24
fullcourt
"TRF" Member
 
fullcourt's Avatar
 
Join Date: Oct 2010
Real Name: dp
Location: chicago, usa
Watch: panerai
Posts: 2,369
....lol, good luck, surely you’ll make a killing
__________________
dp
just living the dream
chicago, usa

chgo_risti on IG
fullcourt is offline   Reply With Quote
Old 9 October 2017, 01:07 PM   #25
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by fullcourt View Post
....lol, good luck, surely you’ll make a killing


Hilarious


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 9 October 2017, 11:18 AM   #26
GoingPlaces
"TRF" Member
 
GoingPlaces's Avatar
 
Join Date: Jul 2014
Location: Washington, DC
Posts: 5,336
20% would not move me, it's pretty much expected, a decent number, not great. No way turn profit with 20%. Like others stated, you need 40% to have the chance. Pam market pretty soft right now.
GoingPlaces is offline   Reply With Quote
Old 9 October 2017, 12:40 PM   #27
Ruud Van Driver
"TRF" Member
 
Ruud Van Driver's Avatar
 
Join Date: Oct 2014
Real Name: Chopped Liver
Location: S. Wales Valleys
Watch: Mickey Mouse
Posts: 9,924
Quote:
Originally Posted by Saoirse32 View Post
Does the warranty not follow the watch?


Sent from my iPhone using Tapatalk
The manufacturer's warrant follows the watch, yes. However, when my first 359 when tits up I went back to the boutique. They sorted it out by giving me a brand new watch.

Some people like the comfort blanket of being able to deal with a 'storefront' if things go wrong.

Quote:
Originally Posted by Saoirse32 View Post
BTW, earlier didn’t you say a 12% discount would be good. So a 20% is not, or just not to turn a small profit?


Sent from my iPhone using Tapatalk
12% is not a bad discount off a desirable model. If I travel on a cheap flight and play the tax refund game, then I could score more. If I bought in the UK, I could save the VAT which would save more again but UK dealers are very reluctant to discount PAMs. AS I said in another thread, geography plays a big part in discounts.

For the sort of reference that you're likely to pick up, most people will also get 20% off without too much difficulty. If they buy from a grey, they'll expect a little more; that's why people buy from greys, to save money (or pay a premium for a reference that's normally impossible to source). If they buy from private individuals such as yourself, then they're going to want more than a 20% saving.

I was offered a shade over 20% off a 533 from a TRF trusted seller; this guy is well-established and has a stellar reputation. If he can offer a little more than 20% on a piece like that, you have pretty much zero chance of turning any sort of profit, however small, on whatever it is you pick up.

If you need further convincing, you're a private buyer that's been offered 20%. If a grey buys from an AD, they're going to get a much better deal because of the volume of business between them. They can then sell a reference at 20% off and still make money.

You've been told a few times already in posts above that you are not going to make a profit. I'm guessing you're not liking the answers you've been given and that's your prerogative. Go ahead and ignore the solid advice you've been given here, forge ahead and buy a watch. Again that's your choice, you're in your big boy pants now. Most buy Panerai for the love of the brand, not with an eye on future values.

I wish you well. However, you really are asking to get burned so whatever you buy, make sure it's something you're prepared to live with. On that basis, go for a 233. Awesome piece that screams 'Panerai', is dripping with Panerai DNA and is the cornerstone of many a Panerisiti's collection.
__________________
116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM359, PAM689, PAM737

"Why should you allow an AD to shake you down, just so you can buy a watch" - Grady Philpott
Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons
Ruud Van Driver is offline   Reply With Quote
Old 9 October 2017, 01:16 PM   #28
Saoirse32
2024 Pledge Member
 
Saoirse32's Avatar
 
Join Date: Jul 2012
Location: Orange County, CA
Posts: 1,055
Quote:
Originally Posted by Ruud Van Driver View Post
The manufacturer's warrant follows the watch, yes. However, when my first 359 when tits up I went back to the boutique. They sorted it out by giving me a brand new watch.



Some people like the comfort blanket of being able to deal with a 'storefront' if things go wrong.







12% is not a bad discount off a desirable model. If I travel on a cheap flight and play the tax refund game, then I could score more. If I bought in the UK, I could save the VAT which would save more again but UK dealers are very reluctant to discount PAMs. AS I said in another thread, geography plays a big part in discounts.



For the sort of reference that you're likely to pick up, most people will also get 20% off without too much difficulty. If they buy from a grey, they'll expect a little more; that's why people buy from greys, to save money (or pay a premium for a reference that's normally impossible to source). If they buy from private individuals such as yourself, then they're going to want more than a 20% saving.



I was offered a shade over 20% off a 533 from a TRF trusted seller; this guy is well-established and has a stellar reputation. If he can offer a little more than 20% on a piece like that, you have pretty much zero chance of turning any sort of profit, however small, on whatever it is you pick up.



If you need further convincing, you're a private buyer that's been offered 20%. If a grey buys from an AD, they're going to get a much better deal because of the volume of business between them. They can then sell a reference at 20% off and still make money.



You've been told a few times already in posts above that you are not going to make a profit. I'm guessing you're not liking the answers you've been given and that's your prerogative. Go ahead and ignore the solid advice you've been given here, forge ahead and buy a watch. Again that's your choice, you're in your big boy pants now. Most buy Panerai for the love of the brand, not with an eye on future values.



I wish you well. However, you really are asking to get burned so whatever you buy, make sure it's something you're prepared to live with. On that basis, go for a 233. Awesome piece that screams 'Panerai', is dripping with Panerai DNA and is the cornerstone of many a Panerisiti's collection.


Appreciate the reply, and that it’s informative without being douchey like a few in this thread. I am clearly just doing my due diligence but you would think by a few responses that I was the dumbest/worst guy in the world for contemplating this. I’m not not listening to people, but it is the Internet and everyone has an opinion, and I don’t just listen to a few. If it were Breitling or Rolex, I wouldn’t have to ask but since I’m new and quite unfamiliar with Panerai, I figured I’d pose the question. Looks like I’ll decline the purchase though based on the majority of responses.


Sent from my iPhone using Tapatalk
__________________
PANERAI Luminor 8 Days GMT “Dot” Dial (PAM00233)
PANERAI Submersible (PAM01055)
PANERAI Radiomir (PAM01385)
ROLEX Sea-Dweller Mk1 (126600)
ROLEX DeepSea D-Blue (136660)
OMEGA Speedmaster “Silver Snoopy Award” (310.32.42.50.02.001)
OMEGA Seamaster Diver 300M 75th Anniversary (210.30.42.20.03.003)
IWC Chronograph Top Gun Edition “Woodland” (IW389106)
Saoirse32 is offline   Reply With Quote
Old 9 October 2017, 01:41 PM   #29
Ruud Van Driver
"TRF" Member
 
Ruud Van Driver's Avatar
 
Join Date: Oct 2014
Real Name: Chopped Liver
Location: S. Wales Valleys
Watch: Mickey Mouse
Posts: 9,924
Quote:
Originally Posted by Saoirse32 View Post
Appreciate the reply, and that it’s informative without being douchey like a few in this thread. I am clearly just doing my due diligence but you would think by a few responses that I was the dumbest/worst guy in the world for contemplating this. I’m not not listening to people, but it is the Internet and everyone has an opinion, and I don’t just listen to a few. If it were Breitling or Rolex, I wouldn’t have to ask but since I’m new and quite unfamiliar with Panerai, I figured I’d pose the question. Looks like I’ll decline the purchase though based on the majority of responses.


Sent from my iPhone using Tapatalk
I think a lot of folk are pissed off at people, mostly greys, who buy up desirable references and knock them out at a significant mark-up. Take the Daytona as a classic example; we're now seeing the same with the Sub LVc. So when someone like yourself comes on here and openly asks how to make a profit, it doesn't sit well. This might be total BS, I don't know, but like you said, this is the internet and we all have an opinion and this is just how I read it.

If you want a Panerai, then buy one to love and to wear. Buying one to flip for a profit is dangerous and, quite frankly, a mug's game.
__________________
116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM359, PAM689, PAM737

"Why should you allow an AD to shake you down, just so you can buy a watch" - Grady Philpott
Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons
Ruud Van Driver is offline   Reply With Quote
Old 9 October 2017, 02:47 PM   #30
fullcourt
"TRF" Member
 
fullcourt's Avatar
 
Join Date: Oct 2010
Real Name: dp
Location: chicago, usa
Watch: panerai
Posts: 2,369
Quote:
Originally Posted by Ruud Van Driver View Post
I think a lot of folk are pissed off at people, mostly greys, who buy up desirable references and knock them out at a significant mark-up. Take the Daytona as a classic example; we're now seeing the same with the Sub LVc. So when someone like yourself comes on here and openly asks how to make a profit, it doesn't sit well. This might be total BS, I don't know, but like you said, this is the internet and we all have an opinion and this is just how I read it.

If you want a Panerai, then buy one to love and to wear. Buying one to flip for a profit is dangerous and, quite frankly, a mug's game.
^^^^good advice
__________________
dp
just living the dream
chicago, usa

chgo_risti on IG
fullcourt is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

Bobs Watches

Asset Appeal

My Watch LLC

OCWatches

DavidSW Watches

Coronet


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.