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Bearxj86 · 21 April 2018, 11:46 PM

Hi everyone,

This is my first post on the Panerai side of the house. Here is a story and I would like to hear your recommendations.

About a year ago, I bought an Omega speedmaster brown dial sapphire sandwich for $3900 - came with an extra deployment strap and was a few years old in mint condition. Tried in on, didn't really like it (I guess I am not into Chronographs) and I ended up trading it for a PAM 112 full set to a really nice gentleman who pretty much loves Speedies and PAMs.

We kept in touch and a few months ago he pinged me saying he realized after trading that he had a strong emotional connection to the watch (the 112). It had accompanied him on some of some very significant life events including with his kids and while he already had the same model in Titanium (PAM 176) - he really wants it back. He also begged me not to sell it and he would reach out when he had the funds to buy.

He pinged yesterday and he has the cash. By this time I am both attached to the watch (it was my first Panerai) but he definitely wants/needs it more. Since then, the prices seem to have gone up to around $4500 to $5000 but I feel it is wrong to profit from someone's emotional needs.

Any thoughts? I am thinking to sell it back at $3900 and do the right thing here. I have plenty of nice watches and the PAM 112 doesn't get the most wrist time but I do like it very much.

rebel_1 · 22 April 2018, 12:04 AM

The fair thing to do is to sell it at current market value IMO. Maybe meet him in the middle.

Ravager135 · 22 April 2018, 12:10 AM

I think it's your decision to do with as you wish guilt free. If you are inclined to sell it to him, you may charge whatever you like. If you'd rather not sell, that's something he should have considered before selling it to you. I don't think selling at a premium is unreasonable as he is technically inconveniencing you and you should get enough to finance a replacement.

Cru Jones · 22 April 2018, 01:07 AM

I probably would have crossed this bridge, decision-wise, when he first contacted you months ago....

Anyway, if he wants "his" 112 back and you can give yours up, why not have him source another 112 of similar age/condition and you guys then trade ?

nick c · 22 April 2018, 01:30 AM

I’ll say go with your heart.

brandrea · 22 April 2018, 01:33 AM

Quote:

Originally Posted by Cru Jones

I probably would have crossed this bridge, decision-wise, when he first contacted you months ago....

Anyway, if he wants "his" 112 back and you can give yours up, why not have him source another 112 of similar age/condition and you guys then trade ?

This sounds like a creative solution to the conundrum

Bearxj86 · 22 April 2018, 03:05 AM

This is great feedback guys. Thanks, lots to think about.

Pattyb69 · 22 April 2018, 04:06 AM

Damn. Tough situation to be in. Personally, I would sell it back to the guy because it has a lot of meaning to him and I would feel good knowing I didn't keep that away from him. However, I think it would be fair for him to give you market value for the watch so that you can source another one.

Fredrik · 22 April 2018, 04:18 AM

How about trading his 176 for it? If you like titanium.

mg18 · 22 April 2018, 05:11 AM

I would likely sell it to him for the cost of sourcing another one of equal condition, just to be fair to both parties.

BTW, your signature says Panerai Luminor Marina Base, i think the 112 is just a luminor base. Just thought i'd point that out!

Goodluck with the situation sir.

rootbeer7 · 22 April 2018, 06:18 AM

Quote:

Originally Posted by mg18

I would likely sell it to him for the cost of sourcing another one of equal condition, just to be fair to both parties.

Goodluck with the situation sir.

This

pakal · 22 April 2018, 07:02 AM

112 is becoming a sought after reference . For its semplicity but also because Panerai have lowered the bar on the quality of their base models ( snap on case, 100 mt water resistance , integrated bezel, springbars ) . I'd say its only fair that you get its current market value .

cuibono · 22 April 2018, 08:22 AM

Quote:

Originally Posted by rootbeer7

This

Agreed, this. Or trade for another one of his PAMs straight up

Sent from my SM-G965W using Tapatalk

utc66 · 22 April 2018, 10:49 PM

My only PaneraI is the 112 and in 9 years I've never considered parting with it.

fullcourt · 22 April 2018, 11:14 PM

meet him in the middle if you're so inclined....

Bearxj86 · 22 April 2018, 11:51 PM

Quote:

Originally Posted by pakal

112 is becoming a sought after reference . For its semplicity but also because Panerai have lowered the bar on the quality of their base models ( snap on case, 100 mt water resistance , integrated bezel, springbars ) . I'd say its only fair that you get its current market value .

That is what I've noticed. Many observers bemoan the direction Panerai is heading with build quality.

The 112 is a tank! Even though ETA movement, the decoration is really nice and 300m water resistance as a true dive watch should be.

Statos · 23 April 2018, 02:01 AM

I agree here with most that he should source another 112 of similar age and condition and then do a trade with you.

jpwv · 4 June 2018, 07:30 PM

Quote:

Originally Posted by Statos

I agree here with most that he should source another 112 of similar age and condition and then do a trade with you.

best solution

stockae92 · 5 June 2018, 05:31 AM

Quote:

Originally Posted by Statos

I agree here with most that he should source another 112 of similar age and condition and then do a trade with you.

This or sell at current market value.

You bought it fair and square so you owe him nothing. Actually, the least he could do is to offer to buy it at market value.

lovetherolex · 5 June 2018, 06:13 AM

Quote:

Originally Posted by pakal

112 is becoming a sought after reference . For its semplicity but also because Panerai have lowered the bar on the quality of their base models ( snap on case, 100 mt water resistance , integrated bezel, springbars ) . I'd say its only fair that you get its current market value .

Quote:

Originally Posted by bearxj86

That is what I've noticed. Many observers bemoan the direction Panerai is heading with build quality.

Maybe he realized this too

polaris72 · 5 June 2018, 06:37 AM

It is gracious of you that you are willing to sell it back to him, good on you. We should help each other. Ideally, sell it at a replacement cost, in other words, look around and locate another 112. I am sure you want to get one too and you should not loose or make (if you choose so) any money on it.

Bearxj86 · 5 June 2018, 07:18 AM

The story ends "well" after a few months. I actually ended up getting a PAM 176 full box and papers for the 112 from him.

fullcourt · 5 June 2018, 10:17 AM

Quote:

Originally Posted by bearxj86

The story ends "well" after a few months. I actually ended up getting a PAM 176 full box and papers for the 112 from him.

very cool....nice story, enjoy

CoveWatch · 5 June 2018, 03:34 PM

Quote:

Originally Posted by bearxj86

The story ends "well" after a few months. I actually ended up getting a PAM 176 full box and papers for the 112 from him.

webprotege · 20 June 2018, 01:06 PM

Well done!

21 April 2018, 11:46 PM	#1
Bearxj86 "TRF" Member Join Date: Jun 2017 Location: Los Angeles Watch: 3970 Posts: 3,889	PAM 112 Base - A story - do the right thing? Hi everyone, This is my first post on the Panerai side of the house. Here is a story and I would like to hear your recommendations. About a year ago, I bought an Omega speedmaster brown dial sapphire sandwich for $3900 - came with an extra deployment strap and was a few years old in mint condition. Tried in on, didn't really like it (I guess I am not into Chronographs) and I ended up trading it for a PAM 112 full set to a really nice gentleman who pretty much loves Speedies and PAMs. We kept in touch and a few months ago he pinged me saying he realized after trading that he had a strong emotional connection to the watch (the 112). It had accompanied him on some of some very significant life events including with his kids and while he already had the same model in Titanium (PAM 176) - he really wants it back. He also begged me not to sell it and he would reach out when he had the funds to buy. He pinged yesterday and he has the cash. By this time I am both attached to the watch (it was my first Panerai) but he definitely wants/needs it more. Since then, the prices seem to have gone up to around $4500 to $5000 but I feel it is wrong to profit from someone's emotional needs. Any thoughts? I am thinking to sell it back at $3900 and do the right thing here. I have plenty of nice watches and the PAM 112 doesn't get the most wrist time but I do like it very much.

22 April 2018, 12:04 AM	#2
rebel_1 "TRF" Member Join Date: May 2010 Location: Florida Posts: 2,132	The fair thing to do is to sell it at current market value IMO. Maybe meet him in the middle. __________________ Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017

22 April 2018, 11:14 PM	#15
fullcourt "TRF" Member Join Date: Oct 2010 Real Name: dp Location: chicago, usa Watch: panerai Posts: 2,369	meet him in the middle if you're so inclined.... __________________ dp just living the dream chicago, usa chgo_risti on IG

22 April 2018, 12:10 AM	#3
Ravager135 "TRF" Member Join Date: Apr 2012 Location: New Jersey Posts: 4,222	I think it's your decision to do with as you wish guilt free. If you are inclined to sell it to him, you may charge whatever you like. If you'd rather not sell, that's something he should have considered before selling it to you. I don't think selling at a premium is unreasonable as he is technically inconveniencing you and you should get enough to finance a replacement.

22 April 2018, 01:07 AM	#4
Cru Jones 2024 SubLV41 Pledge Member Join Date: Mar 2010 Location: Paris, France Posts: 35,273	I probably would have crossed this bridge, decision-wise, when he first contacted you months ago.... Anyway, if he wants "his" 112 back and you can give yours up, why not have him source another 112 of similar age/condition and you guys then trade ?

22 April 2018, 01:30 AM	#5
nick c Banned Join Date: Feb 2012 Location: Canada Posts: 26,846	I’ll say go with your heart.

22 April 2018, 03:05 AM	#7
Bearxj86 "TRF" Member Join Date: Jun 2017 Location: Los Angeles Watch: 3970 Posts: 3,889	This is great feedback guys. Thanks, lots to think about.

22 April 2018, 04:06 AM	#8
Pattyb69 "TRF" Member Join Date: Nov 2013 Location: CT Watch: BLNR\|LVC\|PAM 911 Posts: 1,085	Damn. Tough situation to be in. Personally, I would sell it back to the guy because it has a lot of meaning to him and I would feel good knowing I didn't keep that away from him. However, I think it would be fair for him to give you market value for the watch so that you can source another one.

22 April 2018, 04:18 AM	#9
Fredrik 2024 Pledge Member Join Date: Oct 2011 Location: Sweden Watch: 1680 Posts: 1,874	How about trading his 176 for it? If you like titanium.

22 April 2018, 05:11 AM	#10
mg18 "TRF" Member Join Date: Jun 2015 Location: Toronto Watch: 126710BLRO Posts: 696	I would likely sell it to him for the cost of sourcing another one of equal condition, just to be fair to both parties. BTW, your signature says Panerai Luminor Marina Base, i think the 112 is just a luminor base. Just thought i'd point that out! Goodluck with the situation sir.

22 April 2018, 07:02 AM	#12
pakal "TRF" Member Join Date: May 2016 Location: roatan Posts: 28	112 is becoming a sought after reference . For its semplicity but also because Panerai have lowered the bar on the quality of their base models ( snap on case, 100 mt water resistance , integrated bezel, springbars ) . I'd say its only fair that you get its current market value .

22 April 2018, 10:49 PM	#14
utc66 "TRF" Member Join Date: Jul 2008 Location: DC Watch: 16600, PAM112,EZM1 Posts: 463	My only PaneraI is the 112 and in 9 years I've never considered parting with it.

23 April 2018, 02:01 AM	#17
Statos "TRF" Member Join Date: Jan 2017 Location: GMT-5 Posts: 87	I agree here with most that he should source another 112 of similar age and condition and then do a trade with you.

5 June 2018, 06:37 AM	#21
polaris72 2024 Pledge Member Join Date: Feb 2015 Location: U.S./Vienna, AT Posts: 1,967	It is gracious of you that you are willing to sell it back to him, good on you. We should help each other. Ideally, sell it at a replacement cost, in other words, look around and locate another 112. I am sure you want to get one too and you should not loose or make (if you choose so) any money on it.

5 June 2018, 07:18 AM	#22
Bearxj86 "TRF" Member Join Date: Jun 2017 Location: Los Angeles Watch: 3970 Posts: 3,889	The story ends "well" after a few months. I actually ended up getting a PAM 176 full box and papers for the 112 from him.

20 June 2018, 01:06 PM	#25
webprotege "TRF" Member Join Date: Jun 2018 Location: Florida Posts: 74	Well done!

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