Panerai Used Values

[Ruud Van Driver]

I'm hoping to pull the trigger very soon; I'm torn between the 533 and 359, but that's another story.

I'm buying to enjoy a watch that's completely differently what I already have, not as an investment or anything like that.

Does anyone have any idea of how used values of Panerai stack up, or are likely to go, over the coming years?

[Cru Jones]

Originally Posted by Ruud Van Driver

Does anyone have any idea of how used values of Panerai stack up, or are likely to go, over the coming years?

that's a bit of a crystal ball question....

i would say that the days of astronomical valuation increases are over, though. some classic models will hold steady, while others will continue to see their bubble burst.

as for the 359 or 533, you can limit your exposure signficantly by buying used from a grey dealer (let someone else take the initial depreciation). neither are "bedrock" models like the 000 or 111, which hold their value very well.

[Billythekid]

359 is a scratch magnet imo and if looking for not much price drop than do a little more research and you will find better models in the panerai arsenal which will hold their value imho

[Lordofrolex]

Originally Posted by Billythekid

359 is a scratch magnet imo and if looking for not much price drop than do a little more research and you will find better models in the panerai arsenal which will hold their value imho

So you don't buy watches at are polished I'm assume. Don't think thats the reason people shouldn't buy particlar watche. Personally really enjoyed my 359. Im more into rolexes now and don't wear it as much but when i bout it 3 years ago. I believe it was the best looking PAM at the time. Who doesn't like the original "dirty dial" Panerai.



By the way OP i may be getting rid of my Pam 359 bought new from AD full set. Let me know maybe we can strike a deal.

[Ruud Van Driver]

Originally Posted by Lordofrolex

So you don't buy watches at are polished I'm assume. Don't think thats the reason people shouldn't buy particlar watche. Personally really enjoyed my 359. Im more into rolexes now and don't wear it as much but when i bout it 3 years ago. I believe it was the best looking PAM at the time. Who doesn't like the original "dirty dial" Panerai.



By the way OP i may be getting rid of my Pam 359 bought new from AD full set. Let me know maybe we can strike a deal.

I have to agree here; if THAT many people were bothered by scratches, Rolex (for example) would have a great deal of difficulty selling GMTs, YMs and anything else with PCLs.

Thanks, Brandon. That's the second 359 I've been offered this morning. I would prefer to buy brand new because I want to put my own scratches on there but if the boutique doesn't want to play nicely and my other iron pulls out cold, then I'll drop you a line

[Ruud Van Driver]

I've had a look at used prices on Chrono24 and Watchfinder, and both the 533 and 359 seem to be holding their money pretty well indeed.

As I've said on this sub-forum last month though, I'm no Panerai expert; in fact, I know very little about watches in general, which is why I'm often asking silly questions. By "...holding their money pretty well...", I mean one that's a few years old in mint condition is not a huge amount less than MSRP for a brand new one so it seems to me like they're holding decent money

[mfer]

359 = great watch but buy used

[subtona]

Agree w Mik, Resale Value is soft I would buy used

Like Cru said for a solid bet I would consider the 000 or 111.

[Ruud Van Driver]

Originally Posted by subtona

Agree w Mik, Resale Value is soft I would buy used

Like Cru said for a solid bet I would consider the 000 or 111.

Unfortunately Gus, neither of those two references blow my skirt up so if be buying for the sake of it, which is not my bag.

[Ruud Van Driver]

Thanks for your responses, guys. You're right Cru, crystal ball question indeed

As I said in the OP, I'm not so much looking for an investment; I'm looking for something completely different to my Rolex SS sports pieces and I'm really drawn to the 533 and 359 so they're the watches for me. Even my mum said it was time I bought something different when I told her I was getting the itch again

If I ever found myself in a horrid position where I had to get rid of my watches, my Rolex references are pretty solid as far as holding value goes. I just don't want to make the mistake of accepting, say, 10% discount from an AD, which I understand to be a fantastic price (thanks Cru ) when I could buy LNIB elsewhere for, say, 30% off.

I'm too OCD to buy used and I want the watch 'new'. I'm not so bothered about my name on the warranty card but I want the plastics all in place and no scratches.

Anyhoo, I have some irons in the fire so I'll keep you posted. Many thanks again for your helpful responses

[Watch This]

Market very soft. Look at mint LNIB 372's for example. Prices waaaay down.

[Ian Macdermott]

My 359s not for sale I like it too much, just a picture to tempt you :p




Sent by the power of thought

[Ruud Van Driver]

Originally Posted by Ian Macdermott

My 359s not for sale I like it too much, just a picture to tempt you :p




Sent by the power of thought

Ian, I don't need tempting mate. I'm nearly there

[Cru Jones]

As for the comments above on scratches, unlike some other brands, I believe PAMs look better with a bit of a lived-in look/patina/history. It only adds to their character. These aren't jewelry watches.

Of course, that being said, I'd much rather be the one making all the scratches.

[Ruud Van Driver]

Originally Posted by Cru Jones

As for the comments above on scratches, unlike some other brands, I believe PAMs look better with a bit of a lived-in look/patina/history. It only adds to their character. These aren't jewelry watches.

Of course, that being said, I'd much rather be the one making all the scratches.

Totally agree, Cru. As I posted on another thread, my sales guy in the local boutique told me on Saturday that he wasn't overly fond of the new models with the lighter weight and slimmer cases of the new 1312 and 1359. He was very enthusiastic about the new movements, just not the slimmer case and lighter weight. In his view, a Panerai is supposed be a big, manly, rugged, 'in yer face' grrrrrr type of watch.

If the price difference isn't that much, I would rather go new and make my own scratches too

[gerzzzzz]

Originally Posted by Ruud Van Driver

Totally agree, Cru. As I posted on another thread, my sales guy in the local boutique told me on Saturday that he wasn't overly fond of the new models with the lighter weight and slimmer cases of the new 1312 and 1359. He was very enthusiastic about the new movements, just not the slimmer case and lighter weight. In his view, a Panerai is supposed be a big, manly, rugged, 'in yer face' grrrrrr type of watch.

If the price difference isn't that much, I would rather go new and make my own scratches too

I kind of share his view, new PAMs are too feminine

[CLuxlover]

Resale Value is soft

[Ruud Van Driver]

Originally Posted by CLuxlover

Resale Value is soft

The prices on Chrono24 would suggest otherwise

[1William]

If you would like a view of the trade or sell prices take a look at our TS. Asking price and getting price are two different things. Contact several TS and ask them what the trade value is on the model(s) you are look at are. As a long time Panerai fan and multiple watch owner over the years I can tell you that trade and sell values have always been soft unless it is on a LE or hard to get watch. If you buy a preowned 001 or 005 and pay a fair price you can break close to even. If you buy from an AD, even with a discount, get ready. I accept it and when I want a Panerai I get it. Enjoy wearing it and accept what happens in the end.

[Ruud Van Driver]

Originally Posted by 1William

If you would like a view of the trade or sell prices take a look at our TS. Asking price and getting price are two different things. Contact several TS and ask them what the trade value is on the model(s) you are look at are. As a long time Panerai fan and multiple watch owner over the years I can tell you that trade and sell values have always been soft unless it is on a LE or hard to get watch. If you buy a preowned 001 or 005 and pay a fair price you can break close to even. If you buy from an AD, even with a discount, get ready. I accept it and when I want a Panerai I get it. Enjoy wearing it and accept what happens in the end.

Pretty much what I intend to do, which is why I said in the OP that I'm not looking for an investment.

It's like anything else on the used market, whether it be watches, cars, computers etc. What you ask and what you get can be two very different things

[nigelUK]

Originally Posted by Ruud Van Driver

Pretty much what I intend to do, which is why I said in the OP that I'm not looking for an investment.

It's like anything else on the used market, whether it be watches, cars, computers etc. What you ask and what you get can be two very different things

I would without doubt buy a used 372. It's not your only watch, it's pure Panerai & you will love the simplicity & beautiful symmetry. It looks amazing with any strap ... Any strap ! Superb value (used) & will be discontinued with plexi soon.

[Ruud Van Driver]

Originally Posted by nigelUK

I would without doubt buy a used 372. It's not your only watch, it's pure Panerai & you will love the simplicity & beautiful symmetry. It looks amazing with any strap ... Any strap ! Superb value (used) & will be discontinued with plexi soon.

I've tried on a new 372 and it's not my bag. 47mm is bigger than I'm comfortable with; 44mm is my limit. I don't trust myself with a plexi glass, either.

My favourites are 533 (by a country mile), 233, 359 and 312. I really like the 499 too but it looks awful on me

[Billythekid]

Just a suggestion to OP if buying a new watch if the ad allows than wind it fully and sync with your watch so next day you can have a fair idea of the accuracy of the watch so buying a lemon can be avoided to a certain extent , i dont know how effective this method would be but it was suggested by my Ad itself!


Sent from my iPhone SixS+

[Ruud Van Driver]

Originally Posted by Billythekid

Just a suggestion to OP if buying a new watch if the ad allows than wind it fully and sync with your watch so next day you can have a fair idea of the accuracy of the watch so buying a lemon can be avoided to a certain extent , i dont know how effective this method would be but it was suggested by my Ad itself!


Sent from my iPhone SixS+

If I were an AD and somebody wanted to pull that stunt, my first thought would be how would I know the buyer's watch was accurate.

[Billythekid]

Buyer can always sync with a nice quartz


Sent from my iPhone SixS+