- 29/3/09
- 15,272
- 10
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I agree. OP cut corners. :facepalm:
But dont feel sorry for the buyers. If they chose to spend that kind of dough without due diligence....... :facepalm: :facepalm:
-
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$6500 PAM... with a $200 movement...
- Thread starter Seb d
- Start date
But dont feel sorry for the buyers. If they chose to spend that kind of dough without due diligence....... :facepalm: :facepalm:
Spboudart
Respected Member
- 26/9/08
- 4,398
- 4
- 38
We're only talking about decoration on a movement.
Your average quartz movement is selling for 5$ and watch with those movements retail for 150$+. The 318 has a 170$ movement (most likely serviced but with a warranty) and was sold for less than 4k.
A 202a sells nowadays for over 100k with the same movement decorated but that don't seem to bother any buyers.
The eta 6497 is a workhorse decorated or not.
Your average quartz movement is selling for 5$ and watch with those movements retail for 150$+. The 318 has a 170$ movement (most likely serviced but with a warranty) and was sold for less than 4k.
A 202a sells nowadays for over 100k with the same movement decorated but that don't seem to bother any buyers.
The eta 6497 is a workhorse decorated or not.
the only thing that matters to a brand is the perception of the customers.
OP has damaged that
the logic etc just doesnt matter - they NEED damage control to limit this mistake of theirs
OP has damaged that
the logic etc just doesnt matter - they NEED damage control to limit this mistake of theirs
- 16/8/09
- 7,845
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I've been talking to some people about this this week and heard some interesting things about this watch.
This watch MAY (I have not got confirmation on this yet, but am working on it) have not been "SWISS MADE".
All the evidence is pointing to the fact that the NY Panerai boutique was in charge of this special edition and not the factory. The 2 watch makers there, in colaberation with Panerai, used there access to parts to build these 150 watches.
The fact that the watches are not CO certified helps this theory out alot. The fact that the casebacks appear to have come from the homeland does not.
This could all be hokum, but makes alot of sence to me.
This watch MAY (I have not got confirmation on this yet, but am working on it) have not been "SWISS MADE".
All the evidence is pointing to the fact that the NY Panerai boutique was in charge of this special edition and not the factory. The 2 watch makers there, in colaberation with Panerai, used there access to parts to build these 150 watches.
The fact that the watches are not CO certified helps this theory out alot. The fact that the casebacks appear to have come from the homeland does not.
This could all be hokum, but makes alot of sence to me.
Spboudart
Respected Member
- 26/9/08
- 4,398
- 4
- 38
Frigpig, when I read your sig, I don't understand how you can't agree with me.
Most of panerai sales are the 'Bettarini' case and 90% of them use an Eta 6497, if those were selling for a grand all of us would have gen. Other than the fact OP would not be able to supply everyone, they just build a cheaper version of the 005, which by the way is already one of the cheapest Pam, engraved the case back instead of the movement, but made it in a small serie.
It's not the first Pam without Cosc, just happen to be the first one with a second hand not to have certification.
Most of panerai sales are the 'Bettarini' case and 90% of them use an Eta 6497, if those were selling for a grand all of us would have gen. Other than the fact OP would not be able to supply everyone, they just build a cheaper version of the 005, which by the way is already one of the cheapest Pam, engraved the case back instead of the movement, but made it in a small serie.
It's not the first Pam without Cosc, just happen to be the first one with a second hand not to have certification.
- 30/3/08
- 43,664
- 17,855
- 113
Not sure you get the point Boudart, it's not about either value or perceived value ,it's about doing the job right and not cutting corners to save 50 bucks (less, probably). As someone over at Paneristi said, if they've done this what other corners are they cutting?
Very well put wat. That perception has been damaged and it will hurt Panerai.
Spboudart
Respected Member
- 26/9/08
- 4,398
- 4
- 38
As for now nobody is sure that this mvt is the one inside the gen, it's the same guys that asked if the watch he bought was a rep that confirm it wasn't, and the guy is a well know st!t stirrer, he could have taking reps for the pic...
@ TB99, there's one point I don't get for sure, is why an undecorated movement is such a problem...
Again this an SE cheaper than the original version, cut had to be done to keep a low price. I have the rep of this watch and the caseback engraving is awesome, I can't imagine the gen's.
You take a 005, make an SE of it, with a wonderful engraving of the back, put an SE box, certificate, COSC and all it come with it and you sell twice the price of a 005, nobody says a word, now you cut a few corner to keep it affordable or have an excuse to try to reach some customer that always thought you were unreachable to them and that's bad.
See it as a promotional item...
@ TB99, there's one point I don't get for sure, is why an undecorated movement is such a problem...
Again this an SE cheaper than the original version, cut had to be done to keep a low price. I have the rep of this watch and the caseback engraving is awesome, I can't imagine the gen's.
You take a 005, make an SE of it, with a wonderful engraving of the back, put an SE box, certificate, COSC and all it come with it and you sell twice the price of a 005, nobody says a word, now you cut a few corner to keep it affordable or have an excuse to try to reach some customer that always thought you were unreachable to them and that's bad.
See it as a promotional item...
RobbDizzle
I'm Pretty Popular
- 15/10/10
- 2,406
- 1
- 38
I think the point is that cutting corners for a lower-priced SE is all well and good, but the minimal amount that they have saved in doing this (someone up there said about $50 or so?) has cost them much more in terms of repuation and brand perception, especially among their "core" market who demand such things from their pieces, SE or not.
I've got two gen pams, and I really don't care about this issue. This hasn't damaged the brand to me. The watch has a serial number, a warranty, and is gen. That's enough for me. Plus its a limited boutique watch, good luck trying to get one. Often even if you've got the cash, you can't get one.
I'm with Boudart on this.
FWIW, I'd buy a 318 tomorrow even with this non-decorated movement.
Ironically, I was searching for a 318 when I bought my Daylight. Maybe someone will unload their 318 for $3k now, and I'll snatch it up. But I doubt that will happen, because it's still a gen, limited edition, official Panerai. Which I guess goes back to my original point.
While I know there's a reason for it, Hublot puts Quartz movements in some of their gens, that bugs me more than this.
I'm with Boudart on this.
FWIW, I'd buy a 318 tomorrow even with this non-decorated movement.
Ironically, I was searching for a 318 when I bought my Daylight. Maybe someone will unload their 318 for $3k now, and I'll snatch it up. But I doubt that will happen, because it's still a gen, limited edition, official Panerai. Which I guess goes back to my original point.
While I know there's a reason for it, Hublot puts Quartz movements in some of their gens, that bugs me more than this.
...
"Fs Panerai pam 318
The Brooklyn Bridge
Complete Boxes and Papers
UNWORN
REDUCED AT 6050 usd incl. shipping express in the conus
http://i174.photobucket.com/albums/w88/*giuliosax/brooklynbridgepam318.jpg"
did he say "REDUCED" ???
http://www.chrono24.com/en/panerai/pam-318-the-brooklyn-bridge--id1851330.htm
"Fs Panerai pam 318
The Brooklyn Bridge
Complete Boxes and Papers
UNWORN
REDUCED AT 6050 usd incl. shipping express in the conus
http://i174.photobucket.com/albums/w88/*giuliosax/brooklynbridgepam318.jpg"
did he say "REDUCED" ???
http://www.chrono24.com/en/panerai/pam-318-the-brooklyn-bridge--id1851330.htm
Of course, Panerai being a luxurious, respected brand offers on the 318 nothing but high quality, precision made case and an excellent in-house movement to have such a low price of $6,000 even when used... oh wait. :lol:
It's a bit cheap of Panerai to do it, but then I can't get 6497-2 movements 'cheap' and it is gen case, crystal, etc. And I thought it sold for about $4k new, making it $2-3k less than the other models? What it selld for now is just demand. Frankly, for $6k there are much nicer used pieces out there and we can't forget that the guys asking $6k used haven't sold it yet.
I remember the 180E Mercedes when it was released. It was universally bagged it for being a cheap version of the real E-class. But they all sold in record time and dealers had to be directed not to sell it for more than RRP, on pain of losing their dealerships.
Demand = $.
I remember the 180E Mercedes when it was released. It was universally bagged it for being a cheap version of the real E-class. But they all sold in record time and dealers had to be directed not to sell it for more than RRP, on pain of losing their dealerships.
Demand = $.
More fuel for the fire!!
http://www.network54.com/Forum/353391/thread/1320595343/The+mysterious+PAM318
http://www.network54.com/Forum/353391/thread/1320595343/The+mysterious+PAM318
Those Paneristi guys are retarded, look at what he writes in the OP:
Are you kidding me? This wasn't an error and it will only ever be collectible to the numskulls who would pay $6500 for what is really just a a nice case with the equivalent of an homage movement inside (and even the homages are decorated).
This just shows that OP is relying heavily on their marketing and not the quality of their product. Between this turd of a movement, the color changing composite case and the tarnishing bronzo, I'm not quite sure why anyone would go PAM at the moment.
Are you kidding me? This wasn't an error and it will only ever be collectible to the numskulls who would pay $6500 for what is really just a a nice case with the equivalent of an homage movement inside (and even the homages are decorated).
This just shows that OP is relying heavily on their marketing and not the quality of their product. Between this turd of a movement, the color changing composite case and the tarnishing bronzo, I'm not quite sure why anyone would go PAM at the moment.
A Risti member had a great theory!!!
-You know, there is an American saying ''to sell someone the Brooklyn Bridge' ..... google it's meaning and you'll be quite surprised.
Too lazy ? Here's the meaning;
sell someone the Brooklyn Bridge : to cheat someone in a business deal
American English synonyms or related words for this sense of the Brooklyn Bridge To cheat or trick someone: cheat, rip off, deceive, trick, swindle, entrap, string along, dupe, bilk, double-cross
-You know, there is an American saying ''to sell someone the Brooklyn Bridge' ..... google it's meaning and you'll be quite surprised.
Too lazy ? Here's the meaning;
sell someone the Brooklyn Bridge : to cheat someone in a business deal
American English synonyms or related words for this sense of the Brooklyn Bridge To cheat or trick someone: cheat, rip off, deceive, trick, swindle, entrap, string along, dupe, bilk, double-cross
- 30/3/08
- 43,664
- 17,855
- 113
This gets worse, much worse: they lied on the brochure!
This is not an OPII and is not COSC :facepalm:
WTF were they thinking?
This is not an OPII and is not COSC :facepalm:
WTF were they thinking?