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| Joined: | Sun Apr 15th, 2007 |
| Location: | Perth, Australia |
| Posts: | 1268 |
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One thing to remember is that there are more Panerai for sale these days! Since there are more models from which to choose, Panerai are not that "new" any more. I wouldn't pay full ticket on one ever again - rather wait for a bargain. And I agree with JSB - even if they were 15% off they are still a chunk-o-money. It used to be that you could get "this year's model". Nowadays you can get one of the 15 (exaggerated for effect) that they will release in any one year.
And the really rare models from the past sure haven't come down in price... :?
I have also noticed over the last 3 to 4 months that f300 Omegas are going up slowly, 1970s Omega Ploprofs are stable between 6 and 9 thousand USD depending on condition, and that if you are prepared to go second-hand, you can get an Omega Planet Ocean 45.5mm from 1700USD... and some poor mug sold his PO 45.5 CHRONO for 1650USD on the bay a few weeks ago. I guess it is where ya look, and what ya got in your wallet on the day that counts...
As for the economy - in Western Australia we are in a massive boom. House prices have doubled, rents have nearly tripled and yet our dollar buys almost the same as a USD (it was around 80 cents US about 18 months ago). Doesn't make life any easier for poor kids here starting out if their first home loan needs to be 500K, and one day it will come to an end - but I gotta say that there are more new BMWs, Mercs, Audis, Hummers and Ferraris on the road than I can ever remember - and that means in about 50 years. Lots of valuable money floating around, supply and demand, percieved value - the world has gone nuts!! :shock:
Hope your Memorial Day was a good one.
IanM hand6.gif