Now we come to a watch that I did buy with my own money. If you are willing to go pre-owned, you can find yourself a very cool 1:1 replica Panerai model within the €5,000 budget. You can go with a Luminor or take the cheap fake Panerai Radiomir route as both are available for around €4K–5K.
I opted for the luxury replica Panerai Radiomir, specifically, the PAM00210. It is one of the references that is most faithful to the original 1930s design. You get all the sweet stuff — a sandwich dial with minimal printing, a cheap-to-service hand-wound Unitas caliber, a 45mm polished cushion case, and, crucially, no faux patina.
You do have to do your homework on these, though, as there are a lot of fakes floating around. Know what to look for, buy from a reputable dealer, and go for a full set if you can. If you do that, you can find yourself an extremely cool aaa quality replica Panerai UK well under the €5K budget.