The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 18 August 2017, 11:52 AM   #1
JamesChristopher417
"TRF" Member
 
JamesChristopher417's Avatar
 
Join Date: May 2015
Location: Manhattan, NY
Posts: 58
Should I take the hit

It's been a while but I have that itch that can only be scratched one way....a new watch! I've had my beautiful two tone for years now and love it. I purchased a Panerai 389 almost two years ago and do not get to wear it as often as I'd like given it's size and it's has fallen out of favor. Would love to get into a BLNR and/or Explorer II.

Panerai do not retain their value as well as Rolex and although I did well with the Panerai purchase i would still be taking a couple grand hit.

Do I take the hit and make up the difference and buy a new Rolex?






Rolex 116613lb
Panerai 389
JamesChristopher417 is offline   Reply With Quote
Old 18 August 2017, 11:58 AM   #2
Etschell
"TRF" Member
 
Etschell's Avatar
 
Join Date: Dec 2013
Real Name: E40
Location: FL
Watch: 114060, 25600tb
Posts: 13,794
Yes, imo the hit will only get bigger each year
__________________
If you wind it, they will run.

Would you like to take part in Meet a Rolex Forums Member? Please PM me. The series began with tkerrmd. And continued with DavidSW, GerardoG, Jocke, TheVTCGuy, Rolex Addict, Art1, SearChart
Etschell is online now   Reply With Quote
Old 18 August 2017, 11:59 AM   #3
H-Watches
"TRF" Member
 
H-Watches's Avatar
 
Join Date: Apr 2015
Location: Midwest
Posts: 363
Your right unfortunately they don't retain. I could be wrong but I feel like they are at an all-time low right now. I would take the hit and got for the BLNR. But that's just me. Good luck!

Sent from my Pixel XL using Tapatalk
H-Watches is offline   Reply With Quote
Old 18 August 2017, 12:16 PM   #4
Hairdude1
"TRF" Member
 
Hairdude1's Avatar
 
Join Date: Apr 2012
Real Name: Alex
Location: Chicago
Watch: AP,PP, Rolex
Posts: 37,155
Quote:
Originally Posted by Etschell View Post
Yes, imo the hit will only get bigger each year
x2
__________________
Instagram: @Hairdude
Watches in Collection 5070R, 5522A, 214270 MK1, 228238

16750, 26401, 5711, 116718, 116710LN, 116300, 16710"Coke", 372, 15300, 15703 (All Flipped)
Official Member "Perpetual 30" Las Vegas GTG 2016
Official Member "WIS-CON" Las Vegas International GTG 2017
Official Member 'WIS-CON' Las Vegas Int'l GTG 2018
Hairdude1 is offline   Reply With Quote
Old 18 August 2017, 12:28 PM   #5
WJGESQ
Banned
 
Join Date: Jan 2008
Location: Florida
Posts: 3,753
Quote:
Originally Posted by Etschell View Post
Yes, imo the hit will only get bigger each year

Yep. That's the problem with trendy brands. The fall can come hard and quick.
WJGESQ is offline   Reply With Quote
Old 18 August 2017, 12:30 PM   #6
Al1969
2020 Pledge Member
 
Al1969's Avatar
 
Join Date: May 2008
Location: New Jersey
Posts: 5,260
Make your move now OP. I'd try to 'flip' it here or contact some of the more established sellers to get trade value.
__________________
Rolex SUB LV, WG SUB, GMTc Master II 116718, Seadweller 43,
Al1969 is offline   Reply With Quote
Old 18 August 2017, 01:30 PM   #7
kkpam
2020 Rolex BLNR Giveaway Pledge Member
 
kkpam's Avatar
 
Join Date: Jun 2017
Real Name: Karl
Location: Pacific NW
Posts: 57
Yes, that's what I did too. It'll just get worse. For me, the quality and reliability was just not there given the price point.


Sent from my iPhone using Tapatalk
kkpam is offline   Reply With Quote
Old 18 August 2017, 01:46 PM   #8
Chiboy
"TRF" Member
 
Chiboy's Avatar
 
Join Date: Aug 2016
Location: Chicago
Watch: Daytona
Posts: 3,684
Panerais unfortunately suffer from the fact that those crown guards are hideously ugly.

That will not go away.
__________________
Datejust w/black Tapestry dial (1985) / Daytona (2016)
Chiboy is offline   Reply With Quote
Old 18 August 2017, 01:51 PM   #9
JP Chestnut
Banned
 
Join Date: May 2012
Location: Ann Arbor MI
Watch: Rolex Ref 16600
Posts: 3,908
Yes. $20 is worth more to me than a watch I don't wear. Don't fall into the sunk cost fallacy.
JP Chestnut is offline   Reply With Quote
Old 18 August 2017, 02:07 PM   #10
jeffgo888
"TRF" Member
 
jeffgo888's Avatar
 
Join Date: Sep 2013
Real Name: Jeff
Location: CA
Watch: my Rolesor
Posts: 1,475
if your not in love with it, time to move on, so to speak..:)
__________________
***
Be inner, be peaceful

***
jeffgo888 is offline   Reply With Quote
Old 18 August 2017, 02:12 PM   #11
JRT
"TRF" Member
 
Join Date: Mar 2015
Location: Taiwan
Watch: Rolex BLNR
Posts: 2,243
Go ahead!
JRT is offline   Reply With Quote
Old 18 August 2017, 02:14 PM   #12
Pmt2
"TRF" Member
 
Join Date: Oct 2015
Location: USA
Posts: 1,144
Do it. But only for the Blnr. The Exp 2 doesn't hold value well.
Pmt2 is offline   Reply With Quote
Old 18 August 2017, 02:17 PM   #13
Fleetlord
"TRF" Member
 
Fleetlord's Avatar
 
Join Date: May 2013
Location: Vain
Posts: 3,891
Sell while you still can..

389 is still a popular model, but the market on Pam overall is very very soft
Fleetlord is offline   Reply With Quote
Old 18 August 2017, 02:21 PM   #14
skkali168
2020 Pledge Member
 
skkali168's Avatar
 
Join Date: Mar 2017
Real Name: R. Palomo
Location: irvine
Watch: Yacht-Master II TT
Posts: 1,037
If you ain't wearing it - you already taking a hit. Might as get something you want to wear


Sent from my iPhone using Tapatalk Pro
skkali168 is offline   Reply With Quote
Old 18 August 2017, 02:23 PM   #15
530ExplorerII
2020 Pledge Member
 
530ExplorerII's Avatar
 
Join Date: Mar 2017
Real Name: Mike
Location: Cameron Park, CA
Watch: Polar Explorer II
Posts: 304
Scratch that itch!
ExpIIandBLNR_small-2.jpg
__________________
216570 Polar
116710BLNR
116610LV
530ExplorerII is offline   Reply With Quote
Old 18 August 2017, 02:25 PM   #16
springer
2020 HARRODS SGE Pledge Member
 
springer's Avatar
 
Join Date: Apr 2008
Real Name: jP
Location: Texas
Watch: GMT-MASTER
Posts: 15,001
Go for the new Rolex and don't look back.
__________________
"If the game is rigged, you can't lose if you don't play."

Member of NAWCC since 1990.
springer is offline   Reply With Quote
Old 18 August 2017, 02:28 PM   #17
Pmt2
"TRF" Member
 
Join Date: Oct 2015
Location: USA
Posts: 1,144
That Explorer sure is beautiful!
Pmt2 is offline   Reply With Quote
Old 18 August 2017, 02:34 PM   #18
Ruud Van Driver
"TRF" Member
 
Ruud Van Driver's Avatar
 
Join Date: Oct 2014
Real Name: Chopped Liver
Location: UK
Watch: Mickey Mouse
Posts: 9,867
Quote:
Originally Posted by WJGESQ View Post
Yep. That's the problem with trendy brands. The fall can come hard and quick.
I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
__________________
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 18 August 2017, 02:57 PM   #19
Chadridv
2020 HARRODS SGE Pledge Member
 
Chadridv's Avatar
 
Join Date: Oct 2014
Real Name: Chadri
Location: LI, NY
Watch: 116610LV
Posts: 9,930
Hmm just depends on how big a hit. I don't know the numbers. What we looking at?
Chadridv is offline   Reply With Quote
Old 18 August 2017, 03:02 PM   #20
skkali168
2020 Pledge Member
 
skkali168's Avatar
 
Join Date: Mar 2017
Real Name: R. Palomo
Location: irvine
Watch: Yacht-Master II TT
Posts: 1,037
Quote:
Originally Posted by Chadridv View Post
Hmm just depends on how big a hit. I don't know the numbers. What we looking at?


I think I read he said a few grand- yikes


Sent from my iPhone using Tapatalk Pro
skkali168 is offline   Reply With Quote
Old 18 August 2017, 03:11 PM   #21
Nairn1980
"TRF" Member
 
Join Date: Jan 2010
Location: UK
Watch: GMT
Posts: 5,702
Do it for Blnr :)
Nairn1980 is online now   Reply With Quote
Old 18 August 2017, 03:25 PM   #22
gabbysplace
"TRF" Member
 
gabbysplace's Avatar
 
Join Date: Jul 2017
Location: California
Watch: 14060m
Posts: 258
Get out while the getting's not as bad as it could be. Or something.
gabbysplace is offline   Reply With Quote
Old 18 August 2017, 03:47 PM   #23
sager
"TRF" Member
 
sager's Avatar
 
Join Date: Jan 2013
Real Name: Sage
Location: MENA
Posts: 1,529
Quote:
Originally Posted by Al1969 View Post
Make your move now OP. I'd try to 'flip' it here or contact some of the more established sellers to get trade value.
I absolutely agree with you.
sager is offline   Reply With Quote
Old 18 August 2017, 04:15 PM   #24
oldsalt
"TRF" Member
 
Join Date: Aug 2014
Real Name: Peter
Location: Australia.
Watch: ?????
Posts: 1,016
Quote:
Originally Posted by Ruud Van Driver View Post
I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
Ditto..... we all buy "what we like" (I dumped my Daytona for two Panerai).... at the end of the day "they're just watches after all"...

cheers
__________________
EXP II - DSSD (blue) - PAM 643 - PAM 724 - PAM 424 - PAM 1499 - GRUPPO GAMA - PAM 1305 - Breguet XXI - 116500LN & BLNR....gone
oldsalt is offline   Reply With Quote
Old 18 August 2017, 04:16 PM   #25
Nav01L
"TRF" Member
 
Nav01L's Avatar
 
Join Date: Apr 2012
Real Name: Fred
Location: Zurich
Posts: 1,158
Not to go against the mainstream here, but hardly a good time to sell a PAM now. Then again, not sure it's ever been a good time to sell a submersible that is not made of bronze...

In the end, watches are not a rational matter, so I'd say follow the emotional call if the hit doesn't hurt you where it shouldn't.
__________________
Greetings from Switzerland
Nav01L is offline   Reply With Quote
Old 18 August 2017, 08:30 PM   #26
JamesChristopher417
"TRF" Member
 
JamesChristopher417's Avatar
 
Join Date: May 2015
Location: Manhattan, NY
Posts: 58
Probably about 3k if I sell if it to someone who has to resell it. Not ideal obviously but I don't get the wear out of it.
JamesChristopher417 is offline   Reply With Quote
Old 18 August 2017, 08:31 PM   #27
JamesChristopher417
"TRF" Member
 
JamesChristopher417's Avatar
 
Join Date: May 2015
Location: Manhattan, NY
Posts: 58
Quote:
Originally Posted by Al1969 View Post
Make your move now OP. I'd try to 'flip' it here or contact some of the more established sellers to get trade value.
I think you're right and that's what I'll have to do.
JamesChristopher417 is offline   Reply With Quote
Old 18 August 2017, 08:33 PM   #28
JamesChristopher417
"TRF" Member
 
JamesChristopher417's Avatar
 
Join Date: May 2015
Location: Manhattan, NY
Posts: 58
Quote:
Originally Posted by Chadridv View Post
Hmm just depends on how big a hit. I don't know the numbers. What we looking at?
After some research I think about 3k which seems crazy but that's selling to someone to has to make a buck on it.
JamesChristopher417 is offline   Reply With Quote
Old 18 August 2017, 08:35 PM   #29
JamesChristopher417
"TRF" Member
 
JamesChristopher417's Avatar
 
Join Date: May 2015
Location: Manhattan, NY
Posts: 58
Quote:
Originally Posted by 530ExplorerII View Post
Scratch that itch!
Attachment 884316
that is a great looking line up!!
JamesChristopher417 is offline   Reply With Quote
Old 18 August 2017, 08:40 PM   #30
WAK4
2020 HARRODS SGE Pledge Member
 
WAK4's Avatar
 
Join Date: Oct 2008
Real Name: Bill
Location: NJ
Watch: Always changing
Posts: 4,006
Try private sale first to minimize the loss, but it's definitely move it on if not worn. No need to sit on it waiting for a recovery in value that may never come
WAK4 is offline   Reply With Quote
Reply

Tags
blnr , panerai , sell , trade


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


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





Copyright 2004-2020, 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.