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rulessapt · 1 July 2012, 03:11 PM

I've noticed a veritable plethora of 372s for sale this week.

In the past they were sought after, a premium price even, now they're all over the place, plenty of discounted prices too.

What's happened, market saturation at this point, or are they going ot be produced in more than one model year?

Just curious.

cheers
richard

iLLGT2 · 1 July 2012, 03:21 PM

Unfortunately, O serials are out now :( Sucks

sushisummo · 1 July 2012, 03:25 PM

Lets just hope that the O series will be the last one they produce......:)

iLLGT2 · 1 July 2012, 03:31 PM

Quote:

Originally Posted by sushisummo

Lets just hope that the O series will be the last one they produce......:)

TRUE... Still a lot of 372's though :/ I still love mine regardless however !

kilyung · 1 July 2012, 03:33 PM

Speculators are dumping and fans are picking up at better prices!

sushisummo · 1 July 2012, 03:47 PM

Quote:

Originally Posted by iLLGT2

TRUE... Still a lot of 372's though :/ I still love mine regardless however !

Same here Martin.......no matter what I still love mine too........

unknown · 1 July 2012, 05:25 PM

It was a damn stupid move that panerai made the O-series

3500 was MORE than enough !!!!!!!

They should have stopped after 3500 and continue with the 422 and 423. The 372 could have been something great to start this new model line.

But I guess Panerai is more interested in making money :-(

Dickson Lim · 1 July 2012, 05:41 PM

Quote:

Originally Posted by sushisummo

Lets just hope that the O series will be the last one they produce......:)

Those speculators dumped them will be crying again.

nick c · 1 July 2012, 09:03 PM

many for sale even in the Caribbean $9000

PanosI · 1 July 2012, 09:25 PM

Quote:

Originally Posted by Dickson Lim

Those speculators dumped them will be crying again.

I have a feeling that in the long term this will be true !!

nauticajoe · 2 July 2012, 12:26 AM

I think flippers were holding on hoping PAM won't release future serials, thus creating more demand (equaling profit).

rohardi · 2 July 2012, 12:56 AM

How many more are they making???

B. Doggy · 2 July 2012, 01:00 AM

Panerai has shot themselves in the foot with regards to resale on almost all models. Hopefully this changes.

Omni · 2 July 2012, 01:06 AM

Quote:

Originally Posted by B. Doggy

Panerai has shot themselves in the foot with regards to resale on almost all models. Hopefully this changes.

Panerai are not in the resale business. They are into the making money business and by the looks of it they are doing great. Grey dealers and speculators might be disappointed but I doubt Panerai is loosing any sleep over it.

iLLGT2 · 2 July 2012, 01:10 AM

Quote:

Originally Posted by rohardi

How many more are they making???

O series is 2500 pieces, so 6k total between the two

Quote:

Originally Posted by B. Doggy

Panerai has shot themselves in the foot with regards to resale on almost all models. Hopefully this changes.

well thankfully my Pam collection are all just about worth over retail, my 360 by as much as 3x lol...

They hold value very well from what I've seen, stronger now than ever, Rolex resale status IMO

I'm not a flipper so people are probably confused about my rant lol, however, the piece is just so perfect and well felt much more special with a 1 series production run/limited production :/

Ah well

tranny · 2 July 2012, 01:13 AM

Quote:

Originally Posted by kilyung

Speculators are dumping and fans are picking up at better prices!

I've been stalking some of the 372s on here and paneristi.com. Going price seems to be ~8700 USD If they go < $8k I'm pouncing!

tranny · 2 July 2012, 01:16 AM

Quote:

Originally Posted by Omni

Panerai are not in the resale business. They are into the making money business

Resale value affects quantity of new product purchases. If resale prices plummet, there will be an increase in aftermarket turnover and consequently less new product purchases due to the twofold effect of increased supply and lower prices on the used market.

FWK · 2 July 2012, 01:17 AM

It's just TOO big for a lot of people - fact!
It's an amazing watch. But....

It's easy to get blinded when browsing this forum where everyone pads your back, and tell you that it looks great on you.

But in reality, your wife, your boss and most importantly yourself might not think that a 47mm plexi scratchmagnet looks that cool outside the "Risti" world.

It's an great watch, but the hype is even greater. Ask yourself if you would have bought it, if you walked into a jeweler without ever having heard of Panerai or Paneristi before? Some would, and they are the correct owners, but a lot wold not - mainly due to the size. And that's the reason many gets flipped at the moment.

iLLGT2 · 2 July 2012, 01:35 AM

I think the size is a major part of its charm , my first 47mm PAM and it does not wear overly big at all, it's so comfortable on the wrist as well... I'm a big guy but not wrist wise, if I were under 6 ft and like 170 lbs yea I guess wouldn't work lol

Omni · 2 July 2012, 01:52 AM

Quote:

Originally Posted by transio

Resale value affects quantity of new product purchases. If resale prices plummet, there will be an increase in aftermarket turnover and consequently less new product purchases due to the twofold effect of increased supply and lower prices on the used market.

True; but as long as panerai sell the watches they produce they wont give a rats --- about the resale value. True buyers wiil be happy they can get a watch they really want at a reasonable price. Only people crying are aftermarket dealers and speculators.

sushisummo · 2 July 2012, 02:07 AM

Quote:

Originally Posted by iLLGT2

I think the size is a major part of its charm , my first 47mm PAM and it does not wear overly big at all, it's so comfortable on the wrist as well... I'm a big guy but not wrist wise, if I were under 6 ft and like 170 lbs yea I guess wouldn't work lol

Martin.......I think looks good on my wrist........

and I'm 5"7' 170 lbs with 6.75 wrist size.

dukerules · 2 July 2012, 03:19 AM

How is it not a good thing that anyone who wants a 372 can have one? I'm glad OP didn't make this an LE or SE, or even a de facto LE. Making more 372s doesn't diminish the greatness of the 372, it justs means people won't be able to make a profit on them. I just don't see any of this as a problem. I can't help but think many of the people griping about O-series 372 production missed the whole point. Did they really think they were going to turn a tidy profit on a regular production PAM?

djtheot · 2 July 2012, 04:35 AM

Quote:

Originally Posted by dukerules

How is it not a good thing that anyone who wants a 372 can have one? I'm glad OP didn't make this an LE or SE, or even a de facto LE. Making more 372s doesn't diminish the greatness of the 372, it justs means people won't be able to make a profit on them. I just don't see any of this as a problem. I can't help but think many of the people griping about O-series 372 production missed the whole point. Did they really think they were going to turn a tidy profit on a regular production PAM?

Agree, I bought because I tried the watch on and liked it, like the rest of my watches. It's a great watch. In the uk certainly there are grey dealers trying to sell for more than rrp and they are scarce from AD's. Im surprised people are trying to unload the 372 because they took a punt on there only being a one year run, where did that information come from? Was it rumoured there would only be an n series?

mgioia16 · 2 July 2012, 04:53 AM

Quote:

Originally Posted by nauticajoe

I think flippers were holding on hoping PAM won't release future serials, thus creating more demand (equaling profit).

agreed. If I'm not mistaken, the O series 372 will have even more serial #s than last year (2500 vs 3000, or something to that effect)

iLLGT2 · 2 July 2012, 05:12 AM

Quote:

Originally Posted by sushisummo

Martin.......I think looks good on my wrist........

and I'm 5"7' 170 lbs with 6.75 wrist size.

Hah too funny... Looks great, you prove my point

Doesn't look "too big" by any means, actually perfect.

Quote:

Originally Posted by dukerules

How is it not a good thing that anyone who wants a 372 can have one? I'm glad OP didn't make this an LE or SE, or even a de facto LE. Making more 372s doesn't diminish the greatness of the 372, it justs means people won't be able to make a profit on them. I just don't see any of this as a problem. I can't help but think many of the people griping about O-series 372 production missed the whole point. Did they really think they were going to turn a tidy profit on a regular production PAM?

Well , in my defense, I bought it because I loved it... I mean I knew it was a non LE/SE before even trying it on !

From my perspective I was just saying it made it even that much more special to ME IMO, the fact that it very well 'may' have been a limited production run.. Ah well, I wasn't planning on flipping it or to make a penny off of it, so it's a moot point on my end.

B. Doggy · 2 July 2012, 06:28 AM

Quote:

Originally Posted by Omni

Panerai are not in the resale business. They are into the making money business and by the looks of it they are doing great. Grey dealers and speculators might be disappointed but I doubt Panerai is loosing any sleep over it.

Any high-end watch brand should consider what their product is doing on the secondary market. It does affect what they sell first-hand.

Omni · 2 July 2012, 06:36 AM

Quote:

Originally Posted by B. Doggy

Any high-end watch brand should consider what their product is doing on the secondary market. It does affect what they sell first-hand.

Well as a consumer I'm glad it does. If this happened more often there would be less incremental price increases. The consumer always wins. Its not like people will stop buying Panerais. The only ones lossing are flippers and speculators that paid hefty premiums.

wingku · 2 July 2012, 07:46 AM

Quote:

Originally Posted by sushisummo

Martin.......I think looks good on my wrist........

and I'm 5"7' 170 lbs with 6.75 wrist size.

Looks awesome! I'm about the same size but even lighter and I tried it on and I think I look great!

If you truly love your watch. Resale value or how other ppl think of your watch is irrelevant.

sushisummo · 2 July 2012, 09:11 AM

Quote:

Originally Posted by wingku

Looks awesome! I'm about the same size but even lighter and I tried it on and I think I look great!

If you truly love your watch. Resale value or how other ppl think of your watch is irrelevant.

Thanks n totally agreed........

.........

canwatchco · 4 July 2012, 10:19 PM

There is always a fresh and new Panerai model around the corner. For many, an iconic Panerai is something to own, even if it is only for a few weeks. Most can't afford to keep them all, so it makes total sense to move them out into the used marketplace.

Many of you who were trading on the forums 5+ years ago will recall that just about every new model from every major brand was in abundance on the trading forums within weeks of release. The recession put an end to that.

Panerai is a fantastic watch brand. The 372 is one of the coolest models I have owned. I didn't keep mine, though, for no reason other than the 305 that I picked up to replace it :-)

I agree with the poster above who said simply that Panerai wants to make money. Its a business. Why on earth should they care about the secondary markets?

1 July 2012, 03:11 PM	#1
rulessapt "TRF" Member Join Date: May 2008 Real Name: richard Location: Tasmania Watch: u c Posts: 514	372 - a lot for sale this past week? I've noticed a veritable plethora of 372s for sale this week. In the past they were sought after, a premium price even, now they're all over the place, plenty of discounted prices too. What's happened, market saturation at this point, or are they going ot be produced in more than one model year? Just curious. cheers richard

1 July 2012, 03:25 PM	#3
sushisummo "TRF" Member Join Date: Apr 2009 Real Name: JT Location: in a house....:) Watch: Hmmm......? Posts: 1,776	Lets just hope that the O series will be the last one they produce......:) __________________ Collections: -- R-O-L-E-X --AP-ROO -- P-A-N-E-R-A-I -- B-R-E-G-U-E-T -- I-W-C -- B-A-L-L -- O-T-H-E-R-S WISHLIST: Too many to list...... Member #23367

1 July 2012, 05:25 PM	#7
unknown "TRF" Member Join Date: Jul 2005 Location: Europe Posts: 2,911	It was a damn stupid move that panerai made the O-series 3500 was MORE than enough !!!!!!! They should have stopped after 3500 and continue with the 422 and 423. The 372 could have been something great to start this new model line. But I guess Panerai is more interested in making money :-( __________________ Instagram : @collectible_watches

1 July 2012, 09:03 PM	#9
nick c Banned Join Date: Feb 2012 Location: Canada Posts: 26,846	many for sale even in the Caribbean $9000 Attached Images

2 July 2012, 01:00 AM	#13
B. Doggy "TRF" Member Join Date: Aug 2008 Real Name: Bryan Location: Oregon Posts: 7,399	Panerai has shot themselves in the foot with regards to resale on almost all models. Hopefully this changes. __________________ Rolex / Panerai / Omega

1 July 2012, 03:21 PM	#2
iLLGT2 "TRF" Member Join Date: Aug 2011 Real Name: Martin Location: NY And FLA Watch: AP ROO Blue Scuba Posts: 2,695	Unfortunately, O serials are out now :( Sucks

1 July 2012, 03:33 PM	#5
kilyung "TRF" Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,950	Speculators are dumping and fans are picking up at better prices!

2 July 2012, 12:26 AM	#11
nauticajoe "TRF" Member Join Date: Feb 2010 Real Name: Joe Location: PA Posts: 14,774	I think flippers were holding on hoping PAM won't release future serials, thus creating more demand (equaling profit).

2 July 2012, 12:56 AM	#12
rohardi "TRF" Member Join Date: Aug 2010 Location: Rhode Island USA Watch: 116610LN, 216570 Posts: 787	How many more are they making???

2 July 2012, 01:17 AM	#18
FWK "TRF" Member Join Date: Apr 2009 Location: Denmark Posts: 137	It's just TOO big for a lot of people - fact! It's an amazing watch. But.... It's easy to get blinded when browsing this forum where everyone pads your back, and tell you that it looks great on you. But in reality, your wife, your boss and most importantly yourself might not think that a 47mm plexi scratchmagnet looks that cool outside the "Risti" world. It's an great watch, but the hype is even greater. Ask yourself if you would have bought it, if you walked into a jeweler without ever having heard of Panerai or Paneristi before? Some would, and they are the correct owners, but a lot wold not - mainly due to the size. And that's the reason many gets flipped at the moment.

2 July 2012, 01:35 AM	#19
iLLGT2 "TRF" Member Join Date: Aug 2011 Real Name: Martin Location: NY And FLA Watch: AP ROO Blue Scuba Posts: 2,695	I think the size is a major part of its charm , my first 47mm PAM and it does not wear overly big at all, it's so comfortable on the wrist as well... I'm a big guy but not wrist wise, if I were under 6 ft and like 170 lbs yea I guess wouldn't work lol

2 July 2012, 03:19 AM	#22
dukerules "TRF" Member Join Date: Jul 2008 Location: NC, USA Posts: 681	How is it not a good thing that anyone who wants a 372 can have one? I'm glad OP didn't make this an LE or SE, or even a de facto LE. Making more 372s doesn't diminish the greatness of the 372, it justs means people won't be able to make a profit on them. I just don't see any of this as a problem. I can't help but think many of the people griping about O-series 372 production missed the whole point. Did they really think they were going to turn a tidy profit on a regular production PAM? __________________ Instagram: dukerules

4 July 2012, 10:19 PM	#30
canwatchco "TRF" Member Join Date: Apr 2009 Real Name: Bobby Location: Montreal Posts: 6,425	There is always a fresh and new Panerai model around the corner. For many, an iconic Panerai is something to own, even if it is only for a few weeks. Most can't afford to keep them all, so it makes total sense to move them out into the used marketplace. Many of you who were trading on the forums 5+ years ago will recall that just about every new model from every major brand was in abundance on the trading forums within weeks of release. The recession put an end to that. Panerai is a fantastic watch brand. The 372 is one of the coolest models I have owned. I didn't keep mine, though, for no reason other than the 305 that I picked up to replace it :-) I agree with the poster above who said simply that Panerai wants to make money. Its a business. Why on earth should they care about the secondary markets?

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