bought my first Panerai earlier this year. When I started looking I developed several things I wanted to obtain and some I didn't. I wanted the distinctive crown guard, a 300 meter water resistance, no larger than 44mm and I wanted to make sure it had a sapphire crystal and a calendar. This eliminated the various radomirs and some of the oddities that don't use sapphire as well as all base models. It also eliminated a lot of models with water resistance that runs for 30 meters to 100 meters, most of which have display backs. There are 300 meter watches with display backs. Then I began looking. The first one that struck me and was purchased was a rare 356 Daylight Chronograph. The appearance is really unique and it has some very unique features like the quick set date button on the exterior of the case. I purchased that one used with full kit and my son now wears it nearly daily alternating in his Rolex SD40. I then bought a 1392 and didn't care for it. This violated my desires as it had only 100 meters of water resistance. I quickly traded it for a 244 GMT with full kit which is a 40mm and moderately rare. I like the size, the deployant strap and the GMT feature. On both, I like the fact that I am not likely to see another one being worn by someone else wherever I happen to be. While I also wear a Rolex SD40 mainly, I prefer my Panerai as my dress watch. I haven't regretted either choice. Whenever I run across someone with a Panerai on, it is almost invariably a base model.
I'm not saying that you should do as I did but merely illustrating a way to go about it. For me it took a lot of looking. While I could afford any of new models, I didn't see any reason to spend money on anything that was new when excellent used models were abundant, attractive and such a better value.
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