Resale Value - Panerai

[WatchRUs]

Let me know if someone is selling at "burst price" so I can get yet another PAM

[Watcha]

Every brand have higher resale models and many lower resale models.

if you can get a 390 at 5k, I say bubble burst.

[gohaj]

I was just scouting around for watches ,and wanted to trade my PAM (will not state the series, as some bros who own it would not like that). However I was unable to get a fair value for the same . ultimately i was able to trade ...but at a big markdown .

what do you think ..has PAM bubble finally burst? Does this brand command any more premium?

thoughts ...experience ..pl. share if ok to put your hard earned money on this ?

not as good as before does not mean bubble burst. Luckily, bubble did not burst.
Resale value still better than many brands though it may not be as good or as hype as before.
If can name only FOUR better resale value brand, i will think it will be Rolex, Patek, AP, Panerai. During the Panerai hype, it is in my top 4. Now (after the hype), it is still in my top 4. I may be incorrect, but that is my personal opinion.

[gatakx]

jokers
*tsk tsk

[Ryuden]

Yes the value surely have dipped and a great number of loyal fanboys lost.

All in the name of business. Panerai Richemont have owners and shareholders to answer to and like every other business, profits are #1 top priority and even if that means they have to churn out more and more models, that's what they will be doing.

With the oversupply of unlimited limited Special Editions, what's there to be really Special then? Since there are many many Special Editions coming out from Panerai, one is spoilt for choices depending on one's budget and preference.

And with over 700 plus models that has been produced and currently being produced, (not including vintages and PreVs) one can only hope that the Panerai they bought (if its for the purpose of appreciating value) will at least break even.

But what really throws the loyal fanboys off was Panerai's approach to "recycle" Special Editions with just some minor differences.





Both the above Special Editions looks pretty identical isn't it? Surely it causes unhappiness for the owners of the earlier produced ones. And also let's not forget what Sig Bonati said during a media interview that the 382 will never be reproduced, specifically the material Bronze. And two years later, 507 came out.

Somehow or other, one or more factors as mentioned above effect the resale value of Panerais now. Well...good for buyers but unfortunate for sellers.

I believe across the board, all Panerai models have taken a hit. Take a look at the Fiddy, PreVs even bronzo and also the 360 have taken a hit from the peak it once reached. Those that are holding value are the latest released ones which are in current demand but like any other Panerai models, once the demand dies or another more hotter release comes out, it will suffer the same fate as its previous siblings. And mind you, these are the SEs. The regular limited production ones are experiencing pretty much similar outcome. It's only worth the price someone else is willing to pay for.


http://www.sgrolexclub.com/threads/1...pecial-Edition





p.s. I did not include other brands in this discussion as it's intended for Panerai specifically. And since this topic is regarding the resale value, I have not included the milestone and achievement plus the direction Panerai have made towards becoming a watch manufacturer with their inhouse calibres and some unique "out of the ordinary" pieces they have produced as of late.

[gatakx]

panerai is not for you
look elsewhere

what do you think ..has PAM bubble finally burst? Does this brand command any more premium?

thoughts ...experience ..pl. share if ok to put your hard earned money on this ?

[pegasi]

As mentioned by Oceanklassik, some models retain value better than the others just like any brand including Rolex. The increasing nunber of models means overall supply has gone up and consumers have more choices and that has a negative impact on the prices.

Since most models look rather similar, many who want a PAM are not willing to spend on the more expensive models. That explains why the resale price of a 112 is not much higher than that of a 0 or 5 although list price of 112 is much higher than those 2 models (112 > 0 by USD1400).

Last but not least, while the prices on the forums may be a good gauge for resale prices, don't believe everything you see

[triton]

can elaborate on the underlined sentence? i don't understand.

To me, the Panerai DNA is unique. Not their numerous other watch models

[Oceanklassik]

In the first place, when has Panerai ever "command any premium"

If you are referring to "big markdown" from a second-hand watch shop/dealer, it is normal. These shops/dealers will normally (by their standards) give you VERY low prices for watches, especially the less-saleable-models. It depends on your threshold for losses.

By far and for the past years, I observe only ROLEX and Panerai retain their resale values better (meaning less losses) but I have to qualify that it is only certain models, not across the brands. So I don't know your expectations of Panerai.

As for "limited edition" watches, it is not unique to just Panerai. To me, the Panerai DNA is unique. Not their numerous other watch models

[amitabh]

Some more thoughts ....the brand has too many variations under the so called "limited eidtions" ..this will never ensure high value for the watch even in the near future as the watch is never unique

[amitabh]

Has Panerai resale value tanked?

I was just scouting around for watches ,and wanted to trade my PAM (will not state the series, as some bros who own it would not like that). However I was unable to get a fair value for the same . ultimately i was able to trade ...but at a big markdown .

what do you think ..has PAM bubble finally burst? Does this brand command any more premium?

thoughts ...experience ..pl. share if ok to put your hard earned money on this ?

[Seventh Son]

I lost about 50% on some designer watches last time. Heart pain!! Somemore damn freaking hard to sell. Rolex and Pams are pretty safe.

[KuchingKu]

I think resale value is one thing, whether you can sell the watch also is another. Brand and Model is very impt. I have some watches where the quality and finishing is pretty good in my opinion but if I were to try to sell it, I wouldnt even have any offers, even if there were, it would be ridiculous.

Yes, even Panerai and Rolex watches would lose some value, some may make money, some may not, most imptly, when U need to sell ur watches fast either for cash or to fund another watch purchase, U can do so reasonably quickly, some brands may not be able to move so fast.

Of cos I maybe biased in my views since I'm a PAM fan, but then I think its rather true though.

But most imptly, must buy the watch U like, study the brand and the various models and look at the budget you prepared, don just jump into it then discover, eh got another model U like, etc. I was like this, I got the 104 cos one of the more affordable models, and it was available to me, then finally discovered and learned orh...got normal case and 1950s case, got big difference, so buy/sell, waste money and time, etc then finally got what I wanted. I'm not saying the 104 is not good, but just that I prefer the 1950s case design, thats all. So spend some time, surf the net, read the forums for more info, understand what you already want and then go and buy the watch U have fallen in love with.

Agree. Some Pams and some rolex tend to hold value better than other brands. I had the 'joy' of selling 2 BR and 1 Chopard and it was really tough, not to say a lose of 50% is considered lucky.

Pam lovers will go thru the whole stage of going from starters, to in-house, to SE, to vintage back to in-house, to SE etc. So it's good to lose much when you change watch often.

[tsetse]

I have never owned a Panerai but have looked at a 233 recently. My concern is long term resale - will they hold the value that my Rolexes always have?

To add on, if you really want the 233, get it on the gray market, the price is much better and if you were to flip it later, the loses would be minimised greatly. I have done some studies of the pricing between Local AD and the gray market dealers.

Some of our forummers here can bring in the 233 at very attractive prices, Pamdino is one of them, you might wanna PM him.

You have to compare, for eg. U can go check out the pricing for the model you like, then compare the pricing after discount for both AD and Gray Market Dealers. But if you wan fast fast and ready stock then be prepared to pay a slightly more premium for the same watch.

[tsetse]

I think resale value is one thing, whether you can sell the watch also is another. Brand and Model is very impt. I have some watches where the quality and finishing is pretty good in my opinion but if I were to try to sell it, I wouldnt even have any offers, even if there were, it would be ridiculous.

Yes, even Panerai and Rolex watches would lose some value, some may make money, some may not, most imptly, when U need to sell ur watches fast either for cash or to fund another watch purchase, U can do so reasonably quickly, some brands may not be able to move so fast.

Of cos I maybe biased in my views since I'm a PAM fan, but then I think its rather true though.

But most imptly, must buy the watch U like, study the brand and the various models and look at the budget you prepared, don just jump into it then discover, eh got another model U like, etc. I was like this, I got the 104 cos one of the more affordable models, and it was available to me, then finally discovered and learned orh...got normal case and 1950s case, got big difference, so buy/sell, waste money and time, etc then finally got what I wanted. I'm not saying the 104 is not good, but just that I prefer the 1950s case design, thats all. So spend some time, surf the net, read the forums for more info, understand what you already want and then go and buy the watch U have fallen in love with.