Quote:
Originally Posted by Fleetlord
Before I get accused of being a Panerai basher and couldn't EVER be a Paneristi (yep that happened)....I will preface my comments by stating that I own a 372 and like it bunches...
That being said, unfortunately it's a dog right now, which in reality is one of their best references, but the market couldn't care less about that.
It is overpriced, overproduced and lost in the shuffle of the XXXXXXXX models that Panerai now cranks out every year.
It will need to be discontinued to regain its popularity and value.
In today's watch market, if the reference is readily available to consumers from dealers, it will not have the desirability factor that fuels value. If you can't get it, people will want it more...prices go up...etc. This is presently not the case with the 372, so in other words, buy it used if you don't want to lose alotta money.
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I often disagree with Fleetlord, but he's 100% correct. Its MSRP is way overpriced. The 372 should be more in line price-wise with the 312/1312 or arguably any Luminor base model.
That said, it is one of the most representative references of the brand. They are selling at really good prices on the secondary market. Many of the older plexiglass models can be obtained with the reference and OEM straps in almost perfect condition. My only caution is that it is a very large watch. The 47mm case is one thing, but I also believe the strap does not taper at all maintaining a large wrist circumference.
There are no modern regular production models produced by Panerai that are "investment pieces." If you like it though and want something very emblematic of the brand, I would certainly recommend getting one.