AD discounts on Panerais?

[Faustomiami]

I've read mixed reviews, some say they have gotten 20-25% discount, some say they have gotten no discount but a free strap. Share your experiences, would love to hear from actual transactions. Also heard online from website they get discount but not sure how.

[waikeekee]

Please allow me to share my 2 cents.

I usually buys from a Panerai Authorized Dealer. Being a regular customer, they would give me 20% discount on whatever they have in their showcases. I do not know where are you from. AD from different countries give different amount of percentage of discount.

If you purchase from their boutique, then and usually you will not get any discount or maximum 5% off depending on the model you are getting. However, they will probably give you a strap as a token or as a gift.


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[Faustomiami]

Thanks for input! Yes I'm from Miami and we have a Panerai boutique down here and they did not budge on price at all, he said they can throw in a strap but that's all, so I said I would think about it.

[fullcourt]

Originally Posted by Faustomiami

Thanks for input! Yes I'm from Miami and we have a Panerai boutique down here and they did not budge on price at all, he said they can throw in a strap but that's all, so I said I would think about it.

you talking about the boutique in the design center? great place, saw the 721 there for the first time a few weeks before I got mine.

sometimes a strap is worth ~400.00, not a bad gift if it happens.

what are you looking to get?

[Faustomiami]

Yup, I live few blocks away so I go by the shoppes every now and then. It's great area, Panerai, iwc, jaaeger, Rolex, tag, logines, vasc const... it's like a watch block of heaven lol

[Seattlerf]

That would be TOO dangerous! 😂

[TC94]

Originally Posted by Faustomiami

Thanks for input! Yes I'm from Miami and we have a Panerai boutique down here and they did not budge on price at all, he said they can throw in a strap but that's all, so I said I would think about it.

I only have one Panerai that I purchased used but the original buyer told me he got 20% off from a trusted seller but not an AD. Price dropped like a rock after he bought it. FWIW.

[WillC]

Originally Posted by waikeekee

Please allow me to share my 2 cents.

I usually buys from a Panerai Authorized Dealer. Being a regular customer, they would give me 20% discount on whatever they have in their showcases. I do not know where are you from. AD from different countries give different amount of percentage of discount.

If you purchase from their boutique, then and usually you will not get any discount or maximum 5% off depending on the model you are getting. However, they will probably give you a strap as a token or as a gift.


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I went to 2 different Boutiques in Seoul and they said they'd give 5% off and throw in a strap for the model I was looking at (620). I didn't try going to an AD FWIW.

[fullcourt]

experiences vary depending on the relationship

if you have a good one you might get a better deal etc....

[Vaxe]

I bought my first Panerai new from AD and got burned hard when I flipped.
Then I bought an used 372 for 50% off retail, so that’s the way for me from now on.

[Faustomiami]

Vaxe, that's what I've heard but everything I've seen on Grey mark is just 1k or so off retail, which for that I'd obviously rather get it new and possibly less if ther s a discount

[Vaxe]

Originally Posted by Faustomiami

Vaxe, that's what I've heard but everything I've seen on Grey mark is just 1k or so off retail, which for that I'd obviously rather get it new and possibly less if ther s a discount

Check out davidsw.com, most are 40% off list

[lguevara91]

depending on the model, you can find them way cheaper online and through different dealers in the same BNIB or LINB conditions... my local AD has a 424 for 7.7k and I found one brand new for 4.8k... needless to say the AD won't get my money! lol

[Ravager135]

I have three Panerai (all under 8k individually). I purchased each through a grey dealer and had almost 1-2k off MSRP on each BNIB. I think the only reason to purchase Panerai from an AD would be to source limited edition models that are difficult to find or command a higher price on the secondary market. I haven't been to too many "mom and pop" ADs who carry Panerai. Most Panerai ADs I have seen are either boutiques directly owned by the brand or the brand offered among others in large chain ADs like Tourneau. Neither really has much of an incentive to give a discount.

Panerai is soft right now and it has been for the past few years. I just think there's a lot to save if you look in the right places. That said, if you do go into a boutique and purchase something at MSRP, I would hold them up for a bonus strap or two to sweeten the deal. Some of the crocodile straps go for close to $400. I know people like aftermarket Panerai straps, but I think the OEM straps are extremely well made.

[chris nyc]

Originally Posted by Ravager135

I have three Panerai (all under 8k individually). I purchased each through a grey dealer and had almost 1-2k off MSRP on each BNIB. I think the only reason to purchase Panerai from an AD would be to source limited edition models that are difficult to find or command a higher price on the secondary market. I haven't been to too many "mom and pop" ADs who carry Panerai. Most Panerai ADs I have seen are either boutiques directly owned by the brand or the brand offered among others in large chain ADs like Tourneau. Neither really has much of an incentive to give a discount.

If you are truly buying a "grey market" piece then you're giving up the 2 year manufacturers warranty, as the booklet will not be stamped by an AD. That diminishes the watches value even more IMHO. I also look for a pre-owned that was originally purchased at least at an AD. Or, do some research and get it through a source with good AD connections and deeper discounts. There are plenty of them.

That being said, i've never been to an AD who didn't offer at least 10% off. Average is 15....some will do 20%.

[Ravager135]

Originally Posted by chris nyc

If you are truly buying a "grey market" piece then you're giving up the 2 year manufacturers warranty, as the booklet will not be stamped by an AD. That diminishes the watches value even more IMHO. I also look for a pre-owned that was originally purchased at least at an AD. Or, do some research and get it through a source with good AD connections and deeper discounts. There are plenty of them.

That being said, i've never been to an AD who didn't offer at least 10% off. Average is 15....some will do 20%.

This is true. The grey market dealers I purchase from offer their own warranty. I have been collecting watches long enough to know that this is not ideal, but I think the larger issue is that Panerai resale value is pretty poor. The pieces I purchase aren't worth the loss on resale which is why I was alright with using a grey dealer (I don't plan on selling). Conversely, I have never bought a Rolex from a grey dealer for all the reasons you mentioned.

The problem I find when purchasing pre-owned Panerai is that you really have to find a piece in good condition. I like my straps to be as new as possible and OEM, which is why I prefer to buy BNIB. Many Panerai scratch easy due to their polished finish which is also a disincentive. If I were to grab a more expensive Panerai that would hold its value better, I probably would purchase from an AD.

[nick c]

Originally Posted by Fleetlord

Only buy preowned.

If the model isn't available preowned, either wait or move on...

Buying Panerai new is a great way to lose alotta money.

This^^

[Fleetlord]

Only buy preowned.

If the model isn't available preowned, either wait or move on...

Buying Panerai new is a great way to lose alotta money.

[Ruud Van Driver]

Originally Posted by Fleetlord

Only buy preowned.

If the model isn't available preowned, either wait or move on...

Buying Panerai new is a great way to lose alotta money.

What exactly is your beef with Panerai? This is total, utter bullshit. Buy pre-owned if you’re a serial flipper or have limited disposable income, but that’s about it

Most of us buy Panerai for the love of the brand; we don’t buy as an investment or anything like that.

You either get it or you don’t and you, my friend, never will.



To OP, I’ve only bought from the Panerai boutique in Singapore. I can get better discounts at local ADs but the Panerai boutique has looked after me like family. I value that over and above a few hundred bucks saving. If you’re not interested in the boutique experience, given that you live in the US then I’d buy from a TRF trusted seller.

[Fleetlord]

Originally Posted by Ruud Van Driver

What exactly is your beef with Panerai? This is total, utter bullshit. Buy pre-owned if you’re a serial flipper or have limited disposable income, but that’s about it

Most of us buy Panerai for the love of the brand; we don’t buy as an investment or anything like that.

You either get it or you don’t and you, my friend, never will.



To OP, I’ve only bought from the Panerai boutique in Singapore. I can get better discounts at local ADs but the Panerai boutique has looked after me like family. I value that over and above a few hundred bucks saving. If you’re not interested in the boutique experience, given that you live in the US then I’d buy from a TRF trusted seller.

Uh-oh.

I apologize for my late response to your profanity filled tirade. I try to keep up with everything, but sometimes things slip.

I don't have any beef with Panerai...but it appears you have a beef with me, so that warrants a response I suppose.

The two Panerai (pictrued below) that I own have a combined retail of $18,300.00

I didn't pay anywhere near that for them. Why? Not because I couldn't...but because It isn't sensible.

Others have stated support for my opinion on this thread, so I'm not alone. Maybe 10yrs ago things were different, but Panerai bungled their brand and it's become a $h$%$er in terms of brand value.

I still like 'em and I hope they get it together.

[c41006]

Originally Posted by Fleetlord

Uh oh..

Ouch!

[Fleetlord]

Originally Posted by c41006

Ouch!

I get that people get passionate about luxury goods and all that, but jeez...It's just a watch.

[Ruud Van Driver]

Originally Posted by Fleetlord

Uh-oh.

I apologize for my late response to your profanity filled tirade. I try to keep up with everything, but sometimes things slip.

I don't have any beef with Panerai...but it appears you have a beef with me, so that warrants a response I suppose.

The two Panerai (pictrued below) that I own have a combined retail of $18,300.00

I didn't pay anywhere near that for them. Why? Not because I couldn't...but because It isn't sensible.

Others have stated support for my opinion on this thread, so I'm not alone. Maybe 10yrs ago things were different, but Panerai bungled their brand and it's become a $h$%$er in terms of brand value.

I still like 'em and I hope they get it together.

I guess I owe you an apology for a late response for similar reasons as yours.

My use of the word 'bullshit', which was the only cuss, does not render my post a "profanity filled tirade". One word in how many?

I have no beef with you personally but what I do take issue with is your constant bashing of Panerai. In the Rolex forum itself, you've written a lot of sense and some pretty good points. If you look back, you'll find one or two threads where I've agreed with you.

Just because others have stated support for your opinion does not make you correct in your assertions. You initially stated that buying a brand new Panerai is a great way to lose a lot of money. If I buy a brand new (normal production) PAM, something like, say, a 1312, with the intention of moving it on in 12 months then yes, I'm going to lose quite a bit. Fair point. However, as per my "profanity filled tirade", if I buy that same watch to wear until I get the visit from Mr. G. Reaper, then who cares how much my watch is worth? Like I said previously, future value is only an issue if you're a serial flipper or you buy as an investment.

I had a discount on one of mine and paid retail on the other two. The two I paid retail on are boutique exclusive LEs, something else you're not a fan of, I know. However, I've had five straps, a couple of buckles including a deployant clasp, and personal service that I've never experienced anywhere else.

If I lived in the US like you and had access to Trusted Sellers then I might adopt your approach. But I don't and I can't. However, if I add any more to my collection, I might well consider the LNIB options. After all, I leave Singapore in a few weeks and repatriate back to the UK where I have a 25% pay cut and 200% increase in tax to look forward to, so I guess I won't have much of a choice.

Two nice PAMs you have there, BTW

[jmrxtr]

Originally Posted by Fleetlord

Only buy preowned.

If the model isn't available preowned, either wait or move on...

Buying Panerai new is a great way to lose alotta money.

i have felt that pain. LNIB is the way to go for PAMs

[Starwalker]

Originally Posted by Fleetlord

Only buy preowned.

If the model isn't available preowned, either wait or move on...

Buying Panerai new is a great way to lose alotta money.

X2! The depreciation is huge. But I always prefer buying new - even though I got my mine in what I considered a good trade at the time. I think if you can score 30/35 percent off and not pay taxes or have taxes refunded to you - depending on the part of the world in which you are than that’s a pretty good deal to because you get it covered with warranty and have a watch that is new to you.

(Fleetlord - your input and comments in helping make that decision is much appreciated and I have no regrets, because I still do love the 389 and I really do prefer it to the 116610, way more compliments too.)

[Fleetlord]

Originally Posted by Starwalker

X2! The depreciation is huge. But I always prefer buying new - even though I got my mine in what I considered a good trade at the time. I think if you can score 30/35 percent off and not pay taxes or have taxes refunded to you - depending on the part of the world in which you are than that’s a pretty good deal to because you get it covered with warranty and have a watch that is new to you.

(Fleetlord - your input and comments in helping make that decision is much appreciated and I have no regrets, because I still do love the 389 and I really do prefer it to the 116610, way more compliments too.)

You're welcome. Glad you like the watch...it's super cool.

[bruinmd]

Originally Posted by Starwalker

X2! The depreciation is huge. But I always prefer buying new - even though I got my mine in what I considered a good trade at the time. I think if you can score 30/35 percent off and not pay taxes or have taxes refunded to you - depending on the part of the world in which you are than that’s a pretty good deal to because you get it covered with warranty and have a watch that is new to you.

(Fleetlord - your input and comments in helping make that decision is much appreciated and I have no regrets, because I still do love the 389 and I really do prefer it to the 116610, way more compliments too.)

By 30-35% off, I take it you mean grey market, correct?

I haven't found any AD that will do more than 20% off ......

[Starwalker]

Originally Posted by bruinmd

By 30-35% off, I take it you mean grey market, correct?



I haven't found any AD that will do more than 20% off ......

Depends on the part of world you are in. In Europe for example, if you can get 15/20 percent off and then claim an additional 15 percent in VAT refund, then you are look at a minimum on 30 percent. In Asia, you might be able to swing 20-30 percent off list and then claim the tax back. So it adds up. A lot of the grey dealers in Asia have this business model. Buy in bulk from Europe, get 20/30 percent off and then they get the full VAT of 18/20 percent. They keep a 5-15 percent spread depending on the watch and their overheads, and sell it to you at 25-35 percent off.


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[bruinmd]

Originally Posted by Starwalker

Depends on the part of world you are in. In Europe for example, if you can get 15/20 percent off and then claim an additional 15 percent in VAT refund, then you are look at a minimum on 30 percent. In Asia, you might be able to swing 20-30 percent off list and then claim the tax back. So it adds up. A lot of the grey dealers in Asia have this business model. Buy in bulk from Europe, get 20/30 percent off and then they get the full VAT of 18/20 percent. They keep a 5-15 percent spread depending on the watch and their overheads, and sell it to you at 25-35 percent off.


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Interesting.
I was referring the U.S., and that 20% I mentioned didn't include the additional savings of not paying sales tax by purchasing out of state.

[WJGESQ]

I would have thought huge discounts.