![]() |
ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
![]() |
#1 |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,826
|
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. |
![]() |
![]() |
![]() |
#2 |
"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 |
![]() |
![]() |
![]() |
#3 |
"TRF" Member
Join Date: Apr 2012
Location: New Jersey
Posts: 4,191
|
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.
|
![]() |
![]() |
![]() |
#4 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2010
Location: Paris, France
Posts: 34,891
|
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 ? |
![]() |
![]() |
![]() |
#5 |
Banned
Join Date: Feb 2012
Location: Canada
Posts: 26,846
|
I’ll say go with your heart.
|
![]() |
![]() |
![]() |
#6 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 75,995
|
Quote:
![]() |
|
![]() |
![]() |
![]() |
#7 |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,826
|
This is great feedback guys. Thanks, lots to think about.
|
![]() |
![]() |
![]() |
#8 |
"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.
|
![]() |
![]() |
![]() |
#9 |
2024 Pledge Member
Join Date: Oct 2011
Location: Sweden
Watch: 1680
Posts: 1,850
|
How about trading his 176 for it? If you like titanium.
|
![]() |
![]() |
![]() |
#10 |
"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. |
![]() |
![]() |
![]() |
#11 |
2024 Pledge Member
Join Date: Jan 2014
Location: london
Posts: 6,067
|
This
__________________
@imrootbeer7 |
![]() |
![]() |
![]() |
#12 |
"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 .
|
![]() |
![]() |
![]() |
#13 |
"TRF" Member
Join Date: Aug 2015
Location: Ottawa, Canada
Watch: SS SkyD
Posts: 564
|
|
![]() |
![]() |
![]() |
#14 |
"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.
|
![]() |
![]() |
![]() |
#15 |
"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 |
![]() |
![]() |
![]() |
#16 | |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,826
|
Quote:
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. |
|
![]() |
![]() |
![]() |
#17 |
"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.
|
![]() |
![]() |
![]() |
#18 |
Banned
Join Date: Nov 2017
Location: North Carolina
Posts: 337
|
|
![]() |
![]() |
![]() |
#19 | |
2024 Pledge Member
Join Date: Oct 2009
Location: Socal
Posts: 4,902
|
Quote:
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.
__________________
135 ├┼┼╕ 246 R |
|
![]() |
![]() |
![]() |
#20 | ||
Banned
Join Date: Nov 2015
Location: another planet
Posts: 608
|
Quote:
Quote:
![]() |
||
![]() |
![]() |
![]() |
#21 |
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.
|
![]() |
![]() |
![]() |
#22 |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,826
|
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.
|
![]() |
![]() |
![]() |
#23 |
"TRF" Member
Join Date: Oct 2010
Real Name: dp
Location: chicago, usa
Watch: panerai
Posts: 2,369
|
very cool....nice story, enjoy
__________________
dp just living the dream chicago, usa chgo_risti on IG |
![]() |
![]() |
![]() |
#24 |
"TRF" Member
Join Date: Nov 2017
Location: SoCal
Watch: Rolex & AP
Posts: 4,535
|
|
![]() |
![]() |
![]() |
#25 |
"TRF" Member
Join Date: Jun 2018
Location: Florida
Posts: 74
|
Well done!
|
![]() |
![]() |
![]() |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.