Panerai 111 is this a good starter Pan? How much should I spend?

[kingblackbolt]

Greetings all,

I am looking at a very nice Pan 111 that a freind of minehas for sale. I have done some research on the brand and this seems to be a lower end model and a good starter...maybe?



What is a fair price for one of these used and new? It has the ss band and it looks to be in very good shape. No box and papers though, but you can see the movement in the cyrstal back and it looks legit.
So what should I spend on this? He is asking for $4000-$5000. Is there another Pan that any of you would suggest be beter for someone just starting to collect? I have really fallen in love with these beauties!

Thanx again for any and all suggestions...

REN

[C.J.]

Thats a great watch, good luck with getting it Sorry, I can't help with pricing, but John (Launch Mini) just got one recently and Daren (Dman) is the resident Panny expert. I'm sure they'll be around soon to help out

[Launch Mini]

Price seems a bit high.
The US Price for a PAM 111 is only $3900 BNIB.
The problem with PAM is the supply is so low. If it's one you really want, then is price in your range.
I picked up a PAM113 for about $3800 usd.
And am looking at a PAM25 for around $4,900 ( titatium submersible)

Good luck

[C.J.]

Originally Posted by Launch Mini

Price seems a bit high.
The US Price for a PAM 111 is only $3900 BNIB.
The problem with PAM is the supply is so low. If it's one you really want, then is price in your range.
I picked up a PAM113 for about $3800 usd.
And am looking at a PAM25 for around $4,900 ( titatium submersible)

Good luck

John, Isn't $3900 the price for the watch with a strap? I think it's more on an SS bracelet, but really, I'm not sure. I was hoping one of you guys would know

[JJ Irani]

Originally Posted by kingblackbolt

Greetings all,

I am looking at a very nice Pan 111 that a freind of minehas for sale. I have done some research on the brand and this seems to be a lower end model and a good starter...maybe?



What is a fair price for one of these used and new? It has the ss band and it looks to be in very good shape. No box and papers though, but you can see the movement in the cyrstal back and it looks legit.
So what should I spend on this? He is asking for $4000-$5000. Is there another Pan that any of you would suggest be beter for someone just starting to collect? I have really fallen in love with these beauties!

Thanx again for any and all suggestions...

REN

Hi Ren,

Nice to have you back on TRF after quite a while that you've been away. The price your friend is asking seems to be over quite a wide range of $4000 ~ $5000 isn't it? Just wait for Daren to log on - he would be probably your best bet to inform you the best price.

JJ

[Launch Mini]

I got my prices from a US Price list.
When the watch comes on a bracelet, the spacing is off to switch to stock straps, so they have different model numbers for bracelet & strap Pannies.
The PAM111 is the same as my 113, but black instead of white.
Comes with one leather strap & one rubber, and a screwdriver.

[C.J.]

Originally Posted by Launch Mini

I got my prices from a US Price list.
When the watch comes on a bracelet, the spacing is off to switch to stock straps, so they have different model numbers for bracelet & strap Pannies.
The PAM111 is the same as my 113, but black instead of white.
Comes with one leather strap & one rubber, and a screwdriver.

Good to know Thanks, John

[dman]

I am only talking about US prices here, but without box and papers that price seems high. I have seen them in the $2850-$3000 range. If you are looking in your local area, check out Panereh.com and post a WTB. There are a ton of Canucks on there as it is a Canadian site.

The 111 is a great choice as a classic Panerai, that or the 112 are as "Panerai" as they come.

Ren, good to see you back around here, please stop by more often. As for the Panerai, I personally love 'em and the only problem I see with them is that I don't want to wear any others.

Best of luck in the hunt. If I can help you at all, please don't hesitate to PM me.

Daren

[Rto]

Originally Posted by dman

I am only talking about US prices here, but without box and papers that price seems high. I have seen them in the $2850-$3000 range. If you are looking in your local area, check out Panereh.com and post a WTB. There are a ton of Canucks on there as it is a Canadian site.

The 111 is a great choice as a classic Panerai, that or the 112 are as "Panerai" as they come.

Ren, good to see you back around here, please stop by more often. As for the Panerai, I personally love 'em and the only problem I see with them is that I don't want to wear any others.

Best of luck in the hunt. If I can help you at all, please don't hesitate to PM me.

Daren

Hey Daren,

Could you please give me your oppinion about the PAM 088, US list price and the real price you think my brother can get one for him?
Thanks in advance!

[Launch Mini]

PAM 88 , US List price was $5,000.
Again, my experience BNIB, not much of a discount.
Also at www.paneristi.com there is a "collectors market" with some used prices.
PAM 88 is popular, but one I would not want, just MHO.

[TBR]

Hi,

I just sold a PAM111 for $3,400 and it was in perfect condition with boxes and papers, straps, all the goodies included. I was actually very happy to get this price for it, because it seems like most 111's go for around $3k.

Good luck, and great pick. Take a look at the 112 as well. I actually replaced the 111 with the 112 and like it much more.

[dman]

Originally Posted by Rto

Hey Daren,

Could you please give me your oppinion about the PAM 088, US list price and the real price you think my brother can get one for him?
Thanks in advance!

You know what they say about opinions being like arseholes, but I have one on the 88. I love everything about it!! It is not a typical Panerai by any means, but I am nuts over that dial. I love the subdial being in a different color and I have always liked GMT watches.

I am pretty much hook line and sinker over this one, as well as most Pannies. The List is around $5K and discounts are very rare, especially since they only produce in the mid thirty thousand watches a year. Alot of times if you ask, you can get an extra strap thrown in on top of your purchase though. I would go to paneristi and run some comps in a search on the 88, I think they are between $3.9K up to $4.5 or so.

Here are just a few of the options with this baby! You can dress it up, or make it ready for play time.

[Launch Mini]

Those picture do the watch proper justice.
I don't travel much so the GMT function doesn't do anything for me. Same goes for the GMT Rollies, They are nice watches, but just not for me.
I prefer the Pan GMT over the Rollies ( sorry Rollie guys) but there is something about that BIG arrow over a red hand

[Rockrolex]

Originally Posted by Launch Mini

Those picture do the watch proper justice.
I don't travel much so the GMT function doesn't do anything for me. Same goes for the GMT Rollies, They are nice watches, but just not for me.
I prefer the Pan GMT over the Rollies ( sorry Rollie guys) but there is something about that BIG arrow over a red hand

Sorry, John, but it's that red 24 hour hand that makes the Rolex GMT IMO. I like the PAM GMT, but of the two, I prefer the Rolex because of the red hand.

[Launch Mini]

No problems at all. If we all had the same tastes, there would only be one watch, one car, Vanilla ice cream.....
If you check my posts, I have mentioned a Pepsi would be a nice addition.
Just not right now.

[dman]

Originally Posted by Rockrolex

Sorry, John, but it's that red 24 hour hand that makes the Rolex GMT IMO. I like the PAM GMT, but of the two, I prefer the Rolex because of the red hand.

No surprise there Ed.

But I like that about this place. We all have our own tastes and that is what makes the world go round.

[dman]

Originally Posted by Launch Mini

Those picture do the watch proper justice.
I don't travel much so the GMT function doesn't do anything for me. Same goes for the GMT Rollies, They are nice watches, but just not for me.
I prefer the Pan GMT over the Rollies ( sorry Rollie guys) but there is something about that BIG arrow over a red hand

Travel? I went to the store last night, does that count?

I don't travel either, at least not to places that I can't count the time difference on my fingers. I just love the GMT function, the extra hand is always cool.

[Launch Mini]

Cool is good. Can I change my mind ???
And that contrasting second hand circle does stand out..
I've never had a GMT so. Hmmmm....

[dman]

Originally Posted by Launch Mini

Cool is good. Can I change my mind ???
And that contrasting second hand circle does stand out..
I've never had a GMT so. Hmmmm....

John, we are all bad for each other here. If it makes you feel better about changing your mind, I used to not care at all for Pannies, boy how things change.

[C.J.]

Daren, you are sooooooooooooooooo not helping me with pic's like that

[dman]

Originally Posted by C.J.

Daren, you are sooooooooooooooooo not helping me with pic's like that

What? I never even thought of that? I swear I didn't! Our converstation earlier had nothing to do with me posting all those pics.

[C.J.]

Originally Posted by dman

What? I never even thought of that? I swear I didn't! Our converstation earlier had nothing to do with me posting all those pics.

CREEP

[dman]

Originally Posted by C.J.

CREEP

I resemble that.

BTW/ you almost average as many posts a day as baldie. Not good company to be keeping you know.

[C.J.]

Originally Posted by dman

I resemble that.

BTW/ you almost average as many posts a day as baldie. Not good company to be keeping you know.

I'm on vacation. I'm sure that will drop off dramatically Wednesday when I'm back to work

[Rto]

[QUOTE=dman]You know what they say about opinions being like arseholes, but I have one on the 88. I love everything about it!! It is not a typical Panerai by any means, but I am nuts over that dial. I love the subdial being in a different color and I have always liked GMT watches.

I am pretty much hook line and sinker over this one, as well as most Pannies. The List is around $5K and discounts are very rare, especially since they only produce in the mid thirty thousand watches a year. Alot of times if you ask, you can get an extra strap thrown in on top of your purchase though. I would go to paneristi and run some comps in a search on the 88, I think they are between $3.9K up to $4.5 or so.

Here are just a few of the options with this baby! You can dress it up, or make it ready for play time. [QUOTE=dman]

Daren, thanks for the pics and info on that!

[JJ Irani]

Originally Posted by Rockrolex

Sorry, John, but it's that red 24 hour hand that makes the Rolex GMT IMO. I like the PAM GMT, but of the two, I prefer the Rolex because of the red hand.

Hi Ed,

What if that 24-hour hand were ORANGE?

Hey Kingblackbolt. Do you know what series the 111 is that this guy has for sale? Since you're in T'ronna, I assume the price you quote is in Canadian dollars. I know you can get a BNIB 111 at RDV on Bloor for about $5,500-6000 all in, depending on your negotiating skills.

So keep in mind the watch's series (age) and factor that in to the equation. Further, as mentioned, you can get an H-series (sandwich dial) 111 in the US for about US$3,500... but then you have to get it into Canada without customs finding out... which isn't impossible but getting the boxes over the border can be a challenge. But you'll save CDN$1500 at least.

I don't think a price between CDN$4 and 5K for a 111 is out of line for Canadian prices, but I'd try to low-ball him, on price, knowing you can easily get one in the US for CDN$4,000 for a LNIB model and work down from there.

Good luck! IMHO the 111 is the ultimate Panerai.

[dman]

Originally Posted by Rto

Daren, thanks for the pics and info on that!

You bet.

[dman]

Originally Posted by Atomic

Hey Kingblackbolt. Do you know what series the 111 is that this guy has for sale? Since you're in T'ronna, I assume the price you quote is in Canadian dollars. I know you can get a BNIB 111 at RDV on Bloor for about $5,500-6000 all in, depending on your negotiating skills.

So keep in mind the watch's series (age) and factor that in to the equation. Further, as mentioned, you can get an H-series (sandwich dial) 111 in the US for about US$3,500... but then you have to get it into Canada without customs finding out... which isn't impossible but getting the boxes over the border can be a challenge. But you'll save CDN$1500 at least.

I don't think a price between CDN$4 and 5K for a 111 is out of line for Canadian prices, but I'd try to low-ball him, on price, knowing you can easily get one in the US for CDN$4,000 for a LNIB model and work down from there.

Good luck! IMHO the 111 is the ultimate Panerai.

Thanks J, I was unsure about the exchange so you answered the question very well for Ren.

I tend to agree about the ultimate Pannie, it is either the 111 or 112.

[mailman]

Originally Posted by dman

Thanks J, I was unsure about the exchange so you answered the question very well for Ren.

I tend to agree about the ultimate Pannie, it is either the 111 or 112.

That's a tough call. Personally, I like the 112. I just like the clean look of the 3,6,9 dial. Not that I dislike the 111 with the second hand subdial at the 9 position. That's sweet too.