panerai dilemma

[ronin7]

just seen a couple of pam 250/daylight chronos.fell in love.havent been able to get the images out of my mind.however in order to make the purchase possible i would have to flip my gmt/coke.never thought the day would come when i would contemplate such a drastic move.but that pam is one mighty fine watch!i allready have my pam112 but clearly one pannie is not enough.help .what do you folks think?

[Teofilo]

Originally Posted by ronin7

just seen a couple of pam 250/daylight chronos.fell in love.havent been able to get the images out of my mind.however in order to make the purchase possible i would have to flip my gmt/coke.never thought the day would come when i would contemplate such a drastic move.but that pam is one mighty fine watch!i allready have my pam112 but clearly one pannie is not enough.help .what do you folks think?

Ronin, hang on to your GMT Coke.........you will not be able to get another one.
The daylight chronos are not top of most peoples lists and you should still be able to get one in a year or two when you have saved up the cash.
Selling one nice watch to buy another is not the way to go......

[ronin7]

wise counsel peter,echoes what a friend of mine said. i think i better calm down and have some beer.dont want to regret it later as that gmt is a lovely watch...

[argee1977]

If you're not wearing the GMT anymore and favouring the PAM then you might as well buy what you want, there are several daylight models out there going for good prices, infact i think there's a couple of ebay uk just now from reputable sellers. If you do wear the GMT and it gets used a lot then is it really worth swapping it?

I'm in the same situation to be honest, i've got a Sub LV and i just don't feel like wearing it, i want a 177 and will swap it for one the minute i can, there's no point holding onto something that doesn't feel right or get real wrist time.

[mfer]

Originally Posted by Teofilo

Ronin, hang on to your GMT Coke.........you will not be able to get another one.
The daylight chronos are not top of most peoples lists and you should still be able to get one in a year or two when you have saved up the cash.
Selling one nice watch to buy another is not the way to go......

Agreed. Don't flip. Build up your collection through purchases and then filter it down to what you want. We get caught up in the hype, and this forum doesn't help with people showing off their new wares all the time. That watch will be there in a year or two. Plus, prices are still dropping. Think about it before you go further.

[Trurolexer]

Yes 250 is nice watch. Looking good in the flesh IMO.
GMT Master II is not the hard to find watch, I think. Many pre-owned in Grey market here. So, the decision is in your hand. Good luck.

[niels74]

its smth we all face i think, both models IMHO are not hard to find, however if you are fond off the GMT then indeed i would wait, the market is still dropping. If you say you thought it would never come to this you are clearly fond off the GMT , i get this quite often then the big day is there the watch is purchased, but then in a few weeks the novelty runs off and you might miss the GMT and want to purchase one again.

one good point mentioned above stay away from the forums LOL.. i would sit tight see what the market does, safe up and then purchase one. The 250's are not hard to find and build your collection.

just my 2 cents :)

[rcarney]

Hold on to your GMT. I know Panerai watches are very popular right now, but I think the trend in popularity for these very large cases will not last much beyond the next 10 years and I can see a lot of Panerai owners getting to a different stage in life where they start feeling awkward about wearing those huge watches. I know it seems really cool now, but that style may not last the test of time.

I'm sure you'll completely disagree with my position, but if I check in with you in 10 years, I'll bet you've moved on to a style other than Panerai.

Your Rolex though, is timeless and has much more potential for appreciation.

[brainbizz]

I'm sure you'll completely disagree with my position, but if I check in with you in 10 years, I'll bet you've moved on to a style other than Panerai.

Your Rolex though, is timeless and has much more potential for appreciation.[/QUOTE]

He may not but I disagree Panerai is not a fad. I would argue that some of the PAMs are timeless 249, 232 etc. The looks are the same as the 1930's watches. Appreciation who knows buy what you like. In 10 years most likely you will be into something different but so what is your point.

[rcarney]

My point is that a GMT is a timeless style and a wise investment and that an oversized Panerai with a limited long term market for re-sale is merely a trendy watch which will soon go the way of beanie babies and cabbage patch dolls, two once hot collectable items which are now completely out of style and not the valuable assets once thought.

Most of us have clothes we wore when younger and would not be seen dead in them now and I'm just saying that I wouldn't have this poster sell a Rolex to get a second Panerai and put all of his eggs in that basket.

There will come a day in that guy's life where he'll be getting ready to go to a business or social function and he'll look down at the Panerai and feel that he'd look a little silly wearing that watch that day. With the GMT, that day will never come. These new, big Panerai are like bell bottom pants and the trend won't last forever.

[VazLube]

Originally Posted by rcarney

My point is that a GMT is a timeless style and a wise investment and that an oversized Panerai with a limited long term market for re-sale is merely a trendy watch which will soon go the way of beanie babies and cabbage patch dolls, two once hot collectable items which are now completely out of style and not the valuable assets once thought.

Most of us have clothes we wore when younger and would not be seen dead in them now and I'm just saying that I wouldn't have this poster sell a Rolex to get a second Panerai and put all of his eggs in that basket.

There will come a day in that guy's life where he'll be getting ready to go to a business or social function and he'll look down at the Panerai and feel that he'd look a little silly wearing that watch that day. With the GMT, that day will never come. These new, big Panerai are like bell bottom pants and the trend won't last forever.

So Panerai is going to be 150 years old in 2010. Gotta to be a record for a "passing fad" as you put it! How old is Rolex eh, founded sometime in 1908?

Ah yes, lets, see Panerai got "popular" because Richemont took the brand global more than 10 years ago, and even ten years is long time for a "passing fad". Never mind about length of disco era itself.

How about how much Rolex spends on advertising compared to Panerai? Think about that.

Why do I care if I am looked down because I wear a Paneri? My happiness is more important. If I was going to impress the business and social crowd, then I would have to mindlessly follow the fashion of the day to be "in crowd". No thanks!

Cabbage Patch dolls and Beanie Babies? Until you figured out how to wear them on your wrist, I am not surprised they went out of style quickly when they found out that they can't do that!

Only fools will believe that watches are investments. Cars are similar analogy. Who buys cars for investment and stores in garage for decades? Sure there are exceptions like certain brand and models, but let's not assume that any watch is investment vehicle.

[vegaseddie]

As you said one pannie is not enough. Go for it!

[Mrdi]

big Panerai are like bell bottom pants and the trend won't last forever

[brainbizz]

I would first argue that most watches are a poor investment. Most likely you will get better return on other investments. You may not lose money if you flip but your money could have been earning interest etc. You are assuming Panerai is a fad which is where we disagree. IMHO the 249, 232 etc is timeless not a GMT.

[ronin7]

thanks for your posts guys,given me a lot to dwell on.after a couple of days of contemplation i feel letting go of the gmt wasnt the right thing to do.so for the moment i have put on hold any plans for the pam 250.a shame its a real beauty,but iam going to wait untill the new year and wait to see how finances work out as there seem to be a great number of demands on my money at the moment!.this is what happens when meetings/appointments get cancelled at short notice and i end up wandering around central london checking out the watch shops around oxford street and bond street!my mind loses itself

[TswaneNguni]

Originally Posted by brainbizz

I would first argue that most watches are a poor investment. Most likely you will get better return on other investments. You may not lose money if you flip but your money could have been earning interest etc. You are assuming Panerai is a fad which is where we disagree. IMHO the 249, 232 etc is timeless not a GMT.

A recession is also a fad,it also passes .... (Got to keep the spirit up !!! ),it may take some time .................

Lets look at the 21,203,249,232.127 et al as blue chip stocks.It was bought at a good price,it shot up in value and has now dropped,but still way above initial purchase price.Next year's Amageddon,may see it dropping further,who knows,maybe even below the original MRSP,BUT recovery will come and in a few years time it will be more expensive than ever !!!

[tuisquash]

i will desagree watches (panerai) is an investiment... on your happiness, so buy one.
i have a gmt coke and an 112 and i like the same both, save money and buy the 112 later.

[VazLube]

Oh yes! See my shiny new sig!

[Trurolexer]

Originally Posted by VazLube

Oh yes! See my shiny new sig!

You got it Bro!!!

[Nica64]

Come on guys!!! both watches are great,

Ronin7 just buy what you like and never look back or keep the GMT and get the Pam later.

[ronin7]

Originally Posted by Nica64

Come on guys!!! both watches are great,

Ronin7 just buy what you like and never look back or keep the GMT and get the Pam later.

fine words.keeping the gmt,wore it after a long time yesterday.lovely watch.going to save up for the pam,you never know santa may decide i have been a good boy this year and bring me one this xmas

[Teofilo]

Originally Posted by ronin7

fine words.keeping the gmt,wore it after a long time yesterday.lovely watch.going to save up for the pam,you never know santa may decide i have been a good boy this year and bring me one this xmas

Good decision Ronin.
Merry Christmas.