$6500 PAM... with a $200 movement...

[RWIGWH]

Yes but, it says Panerai on the watch! And it was made in a real Panerai facility! Therefore, it's worth more. . . . . ?

 

[wat44]

amazing!

home > panerai models > special series > luminor marina logo PAM318
Description

Limited Edition "Brooklyn Bridge" version available only to the New York Boutique. Uses a Caliber OP XXIX, unique to this watch, that is oddly not COSC certified. Appears to be an OP II but with slightly different parts. Unique edition of 150 peices only with unique etched caseback with Brooklyn Bridge.

 

[Spboudart]

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).

I believe it was sarcasm...

 

[korneevy]

Here is a puzziling part. I bought a gen 0000 PAM sometime ago from the Panerai boutique in Geneva; they also threw in a couple of catalogs - including Special Editions one - that I never bothered to look at, until I come across this post. So I found the page with the 318 description and photos, and it says that the movement is DECORATED panerai ETA caliber. Well in those Paneristi photos I dont see one bit of decoration applied. I can share a picture of that page as a proof so it is getting even more mysterious...but based on the description and the fact that the watch is gen, I dont think there will be much toruble getting either a refudn or a movement upgrade from Panerai if the owners of these 318s with undecorated chaep-arse ETA come to complain. Still, WTF is this all about????

 

[wat44]

the plot thickens

 

[trailboss99]

Appears to be an OP II but with slightly different parts.

Slightly different parts? :rofl:

This version of the brochure states it has an OPII in it, even worse.

 

[Wiz]

Slightly different parts? :rofl:

This version of the brochure states it has an OPII in it, even worse.

Should we put panerai.com on the scam dealer list...? :biglaugh:

 

[guanaco]

WTF were they thinking?

Probably: "lol suckers" :lol:

A brief explanation:

 

[trailboss99]

Guana has it

Well, yes Wiz. On that evidence Panerai do belong on the scam dealer list. If one of our dealers misrepresented a watch like that we would have a big problem with their actions. I can now see what has happened here and it is, IMHO a scam.

• NYK boutique requests a special for their opening. Request is granted by Panerai.
• Panerai plans LE with OPII MVT.
• Panerai finds out that to provide enough MVTs to fill the order would impact on supplies of OPII MVTs for it's general lines.
• Regardless of the fact that Panerai have already published the tech stats for the watch in advertising they decide to fit a base (and boy, do I mean base) MVT to the piece in question and not announce the change hoping no one will notice.
• Panerai do not exactly lie in further media releases on the subject but are very careless with the truth calling it a "variant" of the OPII, a blatant lie IMO.
• The whole thing comes out on Paneristi with some very unhappy buyers.

• In the face of the evidence Panerai still try to take the high ground with abn enquiry from a long standing member resulting in [FONT=Arial, Helvetica][FONT=Arial, Helvetica]Sig. Bonati (Panerai's spokesman) saying : [/FONT][/FONT]

  [FONT=Arial, Helvetica][FONT=Arial, Helvetica]I am reading about the new watch Pam 318. In order to not create confusion, I want to tell you that this watch was created in order to honor (sic) the New York Boutique opening. The movement is a little bit different than the other because of some components. [/FONT][/FONT]

  A little?

Come on Panerai, have you no pride in what you create? :facepalm:
[FONT=Arial, Helvetica][FONT=Arial, Helvetica][/FONT][/FONT]

 

[wat44]

yep - good summary Col

OP should do something like offer a free service to the 150 units, or something!!!

brands take a long time to establish, but can fail in record time. this, is not a disaster - but its not a good look

 

[Spboudart]

OP offered to upgrade movement to all owners of 318:
http://www.network54.com/Forum/3533...pdate+on+the+318+from+the+desk+of+Sig.+Bonati

 

[frigpig]

Yup, good on em, too.

 

[Cee]

Say you were to go to the dentist and get sedated. While you are under, he takes some "liberties" . Obviously you won't remember, and as long as you don't log on to "dirtydentists.com", you'll never know. Would that be ok?

Nobody wants to take it from behind...

:biglaugh:

Great analogy...

 

[wat44]

they did the right thing!

 

[Q5?]

I wonder what will happen to the "inferior" movements? Just put them in the next SE?

 

[frigpig]

I wonder what will happen to the "inferior" movements? Just put them in the next SE?

Alot of them are demanding to keep the old movements cause they think the watch is worth more with the base in it. Dumbasses. :frusty:

 

[guanaco]

Alot of them are demanding to keep the old movements cause they think the watch is worth more with the base in it. Dumbasses. :frusty:

I wouldn't be surprised if the watch turned up for $20,000 in the forums a few years later for having the "ultra rare" base ETA movement inside. Not surprised at all... :facepalm:

 

[hooligan]

They're betting that an infamous watch will be worth more. There IS some precedent in the watch world that would suggest that "mistake" watches ARE worth more.

Wasn't there a Rolex GMT Master II that only had "-Swiss-T" instead of "T-Swiss-T"? Something along those lines, at any rate, and it IS more valuable than others with the correct dial.

 

[guanaco]

They're betting that an infamous watch will be worth more. There IS some precedent in the watch world that would suggest that "mistake" watches ARE worth more.

Wasn't there a Rolex GMT Master II that only had "-Swiss-T" instead of "T-Swiss-T"? Something along those lines, at any rate, and it IS more valuable than others with the correct dial.

Yeah but in the long run you could just swap a base ETA 6497 movement on any closed back PAM and call it a mistake, this is a very silly error, too silly to increase the price tag IMO.

 

[Spboudart]

I remember a few Pam were it was engraved on the case back 30m, instead of 300m, and the price just went crazy.