I just bought my PAM 24K1 40mm Power Reserve from Hour Glass in Melbourne, Australia. List price was $8200 but I managed to talk the price down to $7700. I'm taking the watch out of the country in 3 weeks time so I can claim back GST of $700, and the final price will be $7000, which is approx. RMB 33,000. Compare that to the list price in China -- RMB 56,500 !!