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rmcarlton · 2 May 2010, 07:27 AM

I'm considering purchasing a BNIB K series PAM 25 from a gray market dealer in Atl. I saw the watch Friday and was very impressed. The watch's list price is $7400 and I was offered the watch for $6100. The watch was intended for the Italian market, but I would be the first owner.

Does Panerai have a country code for their watches like Rolex and will I have trouble with the warranty? Is $6100 a reasonable price for this watch? Thanks in advance for any opinions.

Psmith · 2 May 2010, 01:59 PM

Hi Monty - first thing I would check is that the warranty card has been stamped by a Panerai AD. If not, I would not purchase.

Cheers

TswaneNguni · 2 May 2010, 02:05 PM

The 25 is nice !! Have a look at the 243 too !!

I would suggest buying from an AD.

rmcarlton · 2 May 2010, 11:19 PM

Thanks for the responses. Warranty card is stamped by an AD and unsigned. Im not familiar with Panerai prices. Should I get more of a discount for a gray dealer? Thanks very much.

plokiu2005 · 3 May 2010, 11:42 PM

Quote:

Originally Posted by rmcarlton

I'm considering purchasing a BNIB K series PAM 25 from a gray market dealer in Atl. I saw the watch Friday and was very impressed. The watch's list price is $7400 and I was offered the watch for $6100. The watch was intended for the Italian market, but I would be the first owner.

Does Panerai have a country code for their watches like Rolex and will I have trouble with the warranty? Is $6100 a reasonable price for this watch? Thanks in advance for any opinions.

Too expansive in my opinion... I'm not official AD but you could find better price around

jvo300 · 4 May 2010, 01:31 AM

Quote:

Originally Posted by plokiu2005

Too expansive in my opinion... I'm not official AD but you could find better price around

X2

I think it's too expensive also. If you're going grey, might as well consider pre-loved which you should find between $4-$5k with some patience. Good luck!

rmcarlton · 7 May 2010, 11:45 AM

Thanks for the all the help. I'm still on the fence.

TswaneNguni · 7 May 2010, 01:38 PM

Quote:

Originally Posted by rmcarlton

Thanks for the all the help. I'm still on the fence.

...for now.

Happy hunting !!

canwatchco · 7 May 2010, 11:17 PM

Well, technically, its not gray market. These watches are purchased by entrepreneurs, typically in Europe. First they find a friendly dealer who will give them 20% off or more. Then they have the watches detaxed on exit and get back another 15% (app.).

The watches are new, and they are usually dated by the dealer selling them. Hence the reason why you can buy BNIB and have cards dated one month or more earlier. The whole process takes time.

It does not matter where you buy your Panerai, the warranty remains valid as long as it is dealer stamped. So they bottom line is really "the bottom line". Price. Understand that the owner may have paid 65% of retail plus expenses to get it there and then you can make a fair offer.

Its pretty tough to get a decent discount here in North America, so buying new at 20% discount with no tax really is a reasonable deal.

Take your time on the 25, though, as it is not a swift mover off the shelves. You may be able to do better with a bit of patience.

rmcarlton · 10 May 2010, 01:33 PM

Thanks very much canwatchco for the informative post. I'm taking my time and looking around for a deal. Does anyone have a suggestion on a reasonable offer for a watch that is sourced from Europe? Thanks again for everyone's help.

Lamone · 12 May 2010, 03:38 AM

I love the PAM 25, it's my favorite Panerai.

Watchman1957 · 12 May 2010, 03:53 AM

Quote:

Originally Posted by jvo300

X2

I think it's too expensive also. If you're going grey, might as well consider pre-loved which you should find between $4-$5k with some patience. Good luck!

Best advice I know, I have 6 PAMs, 270J, 93D, 4B, 9B, 28B and a 201/A and all were bought 2nd hand. The 9B gets a lot of wrist time.

rmcarlton · 12 May 2010, 01:09 PM

Great advice from all. I'm going to start looking around for a pre-loved 25. Does anyone know how long the modern lume lasts? Thanks again.

nelsondevicenci · 12 May 2010, 02:24 PM

very informative thread.

2 May 2010, 07:27 AM	#1
rmcarlton "TRF" Member Join Date: Oct 2007 Real Name: Monty Location: Georgia Watch: Sub LV Posts: 787	PAM 25 Advice I'm considering purchasing a BNIB K series PAM 25 from a gray market dealer in Atl. I saw the watch Friday and was very impressed. The watch's list price is $7400 and I was offered the watch for $6100. The watch was intended for the Italian market, but I would be the first owner. Does Panerai have a country code for their watches like Rolex and will I have trouble with the warranty? Is $6100 a reasonable price for this watch? Thanks in advance for any opinions. __________________ DJ, LV, GV, PAM 25

2 May 2010, 01:59 PM	#2
Psmith "TRF" Member Join Date: Sep 2008 Real Name: Clive Location: Exoplanet Watch: spring-driven Posts: 38,856	Hi Monty - first thing I would check is that the warranty card has been stamped by a Panerai AD. If not, I would not purchase. Cheers __________________

2 May 2010, 11:19 PM	#4
rmcarlton "TRF" Member Join Date: Oct 2007 Real Name: Monty Location: Georgia Watch: Sub LV Posts: 787	Thanks for the responses. Warranty card is stamped by an AD and unsigned. Im not familiar with Panerai prices. Should I get more of a discount for a gray dealer? Thanks very much. __________________ DJ, LV, GV, PAM 25

7 May 2010, 11:45 AM	#7
rmcarlton "TRF" Member Join Date: Oct 2007 Real Name: Monty Location: Georgia Watch: Sub LV Posts: 787	Thanks for the all the help. I'm still on the fence. __________________ DJ, LV, GV, PAM 25

10 May 2010, 01:33 PM	#10
rmcarlton "TRF" Member Join Date: Oct 2007 Real Name: Monty Location: Georgia Watch: Sub LV Posts: 787	Thanks very much canwatchco for the informative post. I'm taking my time and looking around for a deal. Does anyone have a suggestion on a reasonable offer for a watch that is sourced from Europe? Thanks again for everyone's help. __________________ DJ, LV, GV, PAM 25

2 May 2010, 02:05 PM	#3
TswaneNguni "TRF" Member Join Date: Feb 2008 Real Name: Chris Location: . Watch: Daytonas/Subs/GMTs Posts: 12,609	The 25 is nice !! Have a look at the 243 too !! I would suggest buying from an AD.

7 May 2010, 11:17 PM	#9
canwatchco "TRF" Member Join Date: Apr 2009 Real Name: Bobby Location: Montreal Posts: 6,425	Well, technically, its not gray market. These watches are purchased by entrepreneurs, typically in Europe. First they find a friendly dealer who will give them 20% off or more. Then they have the watches detaxed on exit and get back another 15% (app.). The watches are new, and they are usually dated by the dealer selling them. Hence the reason why you can buy BNIB and have cards dated one month or more earlier. The whole process takes time. It does not matter where you buy your Panerai, the warranty remains valid as long as it is dealer stamped. So they bottom line is really "the bottom line". Price. Understand that the owner may have paid 65% of retail plus expenses to get it there and then you can make a fair offer. Its pretty tough to get a decent discount here in North America, so buying new at 20% discount with no tax really is a reasonable deal. Take your time on the 25, though, as it is not a swift mover off the shelves. You may be able to do better with a bit of patience.

12 May 2010, 03:38 AM	#11
Lamone Banned Join Date: Nov 2007 Location: NYC Watch: ya mawt! Posts: 3,448	I love the PAM 25, it's my favorite Panerai.

12 May 2010, 01:09 PM	#13
rmcarlton "TRF" Member Join Date: Oct 2007 Real Name: Monty Location: Georgia Watch: Sub LV Posts: 787	Great advice from all. I'm going to start looking around for a pre-loved 25. Does anyone know how long the modern lume lasts? Thanks again. __________________ DJ, LV, GV, PAM 25

12 May 2010, 02:24 PM	#14
nelsondevicenci Banned Join Date: Apr 2009 Location: miami lakes Posts: 34	very informative thread.

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