ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
10 May 2024, 03:45 AM | #31 | |
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My 111 has held value extremely well. ETA movement.
Quote:
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Rolex GMT Master II 116710LN Rolex Sea-Dweller 16600 Rolex Explorer 224270 Rolex Explorer II 226570 Polar Omega Moonwatch Sapphire Sandwich Panerai PAM00111 2 Factor Authentication |
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18 May 2024, 10:48 PM | #32 | |
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Quote:
A Luminor Bettarini case ref 000 / 005 / 111 / 112 /176 / 177 are my recommendation 5218/201 the first Panerai of the 90s for the civilian market and no longer just the military one
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Rolex Oyster Perpetual Date 115200 Submariner 14060M Sea-Dweller 16600T Submariner Date 116610LN Panerai Luminor 176 |
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25 May 2024, 11:43 PM | #33 |
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I personally love the brand, I too have noticed that their pricing at retail is too much and the way to buy them is on the secondary market. I waited several years to purchase my carbotech sub, I had to wait for the one I wanted to come up used. Of course at the right price.
Life is short, buy the watch. |
26 May 2024, 01:49 AM | #34 |
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Great advice
The newer models are way too inflated in MSRP and has poor VFM and that is before considering the poor secondary market value .
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4 June 2024, 01:24 PM | #35 |
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I had a 112 for ages and got a 510. I think both are really nice watches. I don't wear mine that much anymore but can't see myself selling it.
I'm actually quite keen on the 40mm Radiomir, but not at anywhere close to MRSP. Every time I visit a boutique I walk off somewhat underwhelmed, the watches almost feel a bit cheap/plasticy - which they aren't, but despite being on the hunt for 2-3 years havnever come close to pulling the trigger. |
24 June 2024, 09:57 AM | #36 |
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Interesting watches.
However, for an interesting larger watch, with an 18K rotor, 3 barrels, and incredible accuracy under the waves: there is the Blancpain Fifty Fathoms. Excepting the rare slightly older references, the FiftyFathoms are also under-appreciated but really tough-as-titanium watches. Only vintage Rolex really appreciates like gold in a falling barometer watch market. |
24 June 2024, 10:27 PM | #37 |
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The Paneristis are still strong and a great fraternity not looking at their watches to flex with so monetary value is not the theme of Panerai core owners. (how unbelievably refreshing)
The Panerai look is unique, comfortable to wear and very durable. Fit and finish is excellent so their preowned price point is an extra bargain. I don’t think resale value matters that much because if it did no one would be buying jewelry in general. Most don’t look at a luxury watch purchase as a “investment”. They one watch and move on with their life so retail purchases are all they know. For the watch enthusiasts, buying Panerai on the 2nd hand market is where it is at and you won’t lose money. In fact, my Panerai watches are worth more now than when I purchased them. The premium models like those with Carbotech and in-house movements are holding their value extremely well IF you purchase them wisely. They take their first hit and then maintain that price point very well. In general Panerai is like Omega with offering way too many models and even a budget line. This is great for the consumer with more choices and variations but limits their initial trade in value. IMO, you have to buy up models in both brands to get the best models and best movements inside.
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24 June 2024, 10:43 PM | #38 | |
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Quote:
I don’t mean to put words in his mouth … I guess I’m going to anyway (), but I think what he meant was if you buy the watch because you love it and you don’t plan on selling it, you become less focused on value retention. Put another way, I wonder how may people buy “x brand of watch” and never, ever pay any attention to what its “worth”? I bet there are many. The forums tend to skew our thinking on this topic me thinks. I totally get your point, I do understand that value retention is a thing for many here on the forum. I’m just suggesting that perhaps for “normal” (if there is such a thing) watch buyers, value retention may not factor into a buying decision and they buy “X brand” because they just love the watch |
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25 June 2024, 06:28 AM | #39 |
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The fact that Panerai does not hold value for resale is great news, isn’t it? I got mine in mint condition with 7 yrs warranty remaining (meaning it was 1yr old) at 30% off from a bricks and mortar shop. Not great not terrible but I got my hearts desire and that is what matters most. Watches are anyway not a sane financial decision or topic.
BTW somebody counted Omega AT number of available iterations - 380. |
26 June 2024, 02:51 PM | #40 |
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22 August 2024, 11:17 PM | #41 |
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I think its a saturation issue. So many models that are so close in looks. Things tend to get lost in the fray. I still love them but understand they are what they are.
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23 August 2024, 12:06 AM | #42 |
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It’s a polarizing watch; you either like them or don’t. No maybe I can wear that…
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23 August 2024, 11:45 PM | #43 |
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Omega and IWC are in the same boat as Panerai when it comes to resale on current new models. heck, go look at the blood bath on Pateks not named Nautilus or Aquanaut. or try selling a two tone Rolex sub, any yachtmaster, sea dweller, deep sea or ladies Rolex LOL!!
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7 October 2024, 01:00 AM | #44 |
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This is correct. Essentially, Panerai lost the plot after these mythical watches were released so they remain the center pieces of the Panerai renaissance prior to the ill management and eternal “limited editions”
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8 October 2024, 06:27 AM | #45 |
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An omega bought new even with 10 % discount lose a lot of his value. Same goes with iwc and panerai.
Those watch need to be bought from secondary market. Full stop |
8 October 2024, 04:19 PM | #46 | |
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Quote:
Agreed. I would never pay retail new for an omega or IWC. I’ll buy it new grey and save thousands. Sent from my iPad using Tapatalk |
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10 October 2024, 01:29 AM | #47 |
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The last couple of PAMs I bought (pam01111, pam1109, pam01294) felt like cheap crap compared to the ones I bought pre-2015.
Took a serious bath on resale. The brand has screwed it's customers too many times and is nowhere worth the price point. I won't be going back. |
10 October 2024, 01:40 AM | #48 | |
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Spot on!
AS a Previous Paneristi with 50+ watches, I'm still a Paneristi, for the classic watch design and the mates. However, the company itself IMO is worse than the Hublot in the eye of Archi Luxury.
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15 October 2024, 07:44 AM | #49 |
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From what I’ve read about the brand I wouldn’t consider paying retail for any current product.
I like their design language quite a lot but as mentioned earlier in the thread, there’s been a lot of misstepping over the last decade which puts me off. That said, I also don’t understand why older models don’t have a higher value. I actually believe a few models might increase in the future, regardless of what the brand does presently. Kind of like Tudor, they drop in value instantly but vintage pieces are soaring! Example: I have the PAM00048 without double checking I want to say mine is from 2006 maybe. On the back it tells you there were only 1000 made that year, compare that to 30,000+ sub dates per year, seems rather collectible. Also, the 40mm size is fantastic. It maintains that presence which the brand is famous for because the dial is huge, I want to say the dial alone is about the same size as the dial+bezel on my sub date. Combine that with the block case design and you have a bold look even at 40mm. However, while appearing HUGE, it actually has the same footprint as my sub. And, with the lugs that curve down, it fits beautifully! An added bonus is that the movement can be serviced by any good local watchmaker since it’s pre “in house” era. I can’t think of a better “value” watch. Limited production, reasonable price, great fit while maintaining the brand “look”, robust quality, 300m WR, and easy to service. Of note, my journey to this illustrates how I feel about the “value”; I bought an Omega PO from the OB. I paid MSRP at the time and was given a discount equal to the sales tax, so $6500 out the door. I liked the watch a lot but for too many reasons I became sick of it and wanted to swap it out for something else. The market had absolutely tanked on those at the time and I could only get $3k for it…. OUCH! Well I took the hit and bought a Black Bay Pro in its place, I never felt good about this downgrade so I was always on the lookout for a good trade. I then had the opportunity to trade the Tudor for this Panerai and I didn’t pause for a second. I saw that original retail was around $6k for this model so it felt like more of a parallel to the Omega. That made me feel much better about the bath I took on that! BUT It just felt more special than the BB Pro. It’s been a year now and I can’t see ever letting this one go. I’m excited to see where the market goes on it even though I don’t plan to sell it —just interesting. Best of all my daughter loves to borrow it and I have 0 worries about anything happening to it. Sent from my iPhone using Tapatalk |
16 October 2024, 10:21 PM | #50 | |
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Quote:
Granny Van D used to say "buy what you love, love what you buy".
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18 October 2024, 04:09 PM | #51 |
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I've got a 118F (Ti Luminor Marina, tobacco dial, non-sandwich) for 17 years. I still wear it in rotation. Every couple of years I go to the Panerai boutique and get a strap or two. Freshens it up a lot.
I could probably sell it for almost what I paid for it? I think the resale value is also impacted by the more recent research into the brand history that Perezcope did. |
18 October 2024, 05:49 PM | #52 | |
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Quote:
Older base models are fantastic. Great watches at great value. Anything that says LE should only be purchased at a fire sale. Well said Brian. Authentic and historic design that will insure that panerai always has a place… even if they don’t perform in resale
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18 October 2024, 05:52 PM | #53 | ||
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Let’s not forget reducing water resistance and adding snap on case backs. Quote:
🌌 Become an independent watchmaker again run by a family that values the history over the bottom dollar. Clarify their brand and mission. commit to melting down any watch with less than 300m water resistance. Discontinue most of their models and Reissue the classics as production models.
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19 October 2024, 12:34 AM | #54 | |
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If only these things could happen. |
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19 October 2024, 02:15 AM | #55 |
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"commit to melting down any watch with less than 300m water resistance."
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