QUOTE(Patek @ Jan 26 2014, 02:35 PM)
Hi Sifu's,
Newbie reporting here. Been into timepiece since 2010. Learn to appreciate it from my friend. The downside is, I can't afford luxury timepiece. So, in my collection are only 1 seiko 5, 1 guess, 1 esprit, 1 invicta and 10 unit of kentang/imitation/orichina watch.
So finally the time has come. I managed to save RM5k and decide to buy my first expensive watch. So, I need your advice what should be my first buy. Since I can't afford to buy frequently, I might stick to this one for a long time. So my budget will be RM5k + creditcard (depend on the watch value but max is RM3k). With this budget, should I buy;
1. Fortis B-42
2. Pre-owned Tudor Black Bay
3. Pre-owned Maurice Lacroix Pontos
4. IWC Mark 16
5. Pre-owned Omega Speedmaster reduced
6. Longines
7. Pre-owned Monbtblanc
Or you have other in mind? Appreciate your wise advise.
I would choose the Speedmaster. Incredible history and relatively unchanged since the 1960's. The quality will also be very good for the price. I don't own one, but it has been on my "watchlist" (get it?) for a long time.
I have a Maurice LaCroix, but have been looking to sell it for the last several years. The second hand market is pretty depressing for the brand, so I haven't let it go just because I don't want to take the loss. Very popular in Asia, but not so much in the states.
You might want to look at Nomos or Sinn for that range too, depending on what kind of watch you like.
QUOTE(kotmj @ Jan 27 2014, 12:09 AM)
Got a new watch today after nearly a one year wait.
What in the world is that? I know you have to be original, so I'm sure there's a story behind your decision to purchase it, even if it is made in China. =)
QUOTE(patryn33 @ Jan 28 2014, 11:10 PM)
That one at USD 5,750 is a very good deal. I would jump on that one ASAP if its still available.
QUOTE(khchong81 @ Jan 29 2014, 08:29 AM)
Is PAM312 got better holding value than PAM088? Was informed that simple looking PAM more valuable.
There are a lot of reasons why a watch will appreciate, the largest factor is the demand in the current market. Entry level models will generally have the most demand, since there are a lot of people looking to get into the brand as their first watch and are looking for the least expensive. Unfortunately, if you're buying through an AD, that means those will generally be sold out for a year. Panerai has been very good about making less watches than their actual demand, so the second hand market is always very active and watches move quickly. By that same token, they are sure to appreciate, and they do.
The 312 is a very special watch because it has the best combination of features, this being the reason why I have one myself:
In-house movement
More pronounced domed crystal
Curved "pillow" case
Larger device protecting the crown
Larger watch face (original 1950's size)
Arabic 9 is present (seconds subdial is moved over to accommodate)
Historic 1950's design
Most people won't get that in-depth into their watch selection process, in fact, many Panerai owners buy it because it looks cool and they've heard a lot of buzz around the brand and want to get a high end watch that is "exclusive." But understanding why the brand is what it is today is very important. The brand get's a lot of flak from the watch snobs because they were throwing in Valjoux/Eta movements in a pretty case and selling them for a significant markup, completely ignoring the history of the brand. There are a ton of other watchmakers that do the same thing, even IWC. But eventually Panerai got smart and started producing a few lines with their own movement, and going back into their history to revive the original look (312 being one of the least expensive of these purer examples). By comparison, the Royal Oak is a modern watch, coming out over three decades after the early Radiomir watches, and yet commanding 3x the price because of the brand pedigree. The watch itself doesn't really have much history, other than being designed by the now famous Gerald Genta. It was actually seen as a disaster when the design was first presented. And the reason why it was commissioned for design? Because AP needed something to stir up the market as a result of dwindling sales and losses to the quartz era. So it was motivated by the necessity to stay alive vs as a timepiece for a noble purpose (i.e. to wear in combat underwater).
This post has been edited by CHiNO730: Jan 30 2014, 06:27 PM