Resale Value - Panerai

[golanheights]

Holding value... no one knows, mate

Hi Mate,

The truthful answer is: No AD sales person knows. No dealer knows. And no collector knows.

The truth is no one knows.

It is a correlation with world key economies and ours. Especially the US economy since there are so many American Ristis.

In Year 2007 and 2008 up to end of Q3, there was a significant run of Panerai resale prices. Almost bullish, I might say. But what wasn’t bullish then? It was a period of time where so many things in the world had risen month on month, quarter on quarter. In Singapore, even the kopi and tea-O prices were rising to play catch up.

In a rising market, a large percentage of worldwide ristis just simply digged in with their collections, leading to a constricted supply. There was no rocket science to it. Just a natural human tendency. Whatever models... SE…Non SEs… discon.... non discon…there was little rush to sell.
So, the logical progression was a rise in Panerai prices, and other renowned brands.

Just my take on the past Panerai rising prices.

Now, your 233 decision.

If you are thinking of picking up a PAM 233 to have some fun with, the prices for a BNIB or pre-owned piece are quite ok.

There are collectors who like this model, despite the much debate on the “fang” vs. clean and non clean dial… everyone will have always something to say about a model… Do learn about the I series fang issue. You can get that at Paneristi or PuristPro.

It is a 8 days… next wind.. u know one week has passed.. so that is some good winding fun.

If you pick up a pre-owned one at say $12.6K to $13.9K, depending on series and condition… well… I think the prices are ok, assuming you are buying it to have some fun for a while. I just can’t see it trending below $10K. I think a number of us – Sing Ristis – will be duly concerned if it happens….we all have our PAMs rite?

Go for it, strike at the right price, and enjoy the Panerai fun. Shalom


NB:
I do not have a 233 for sale nor own one at this point of writing. Also, I am not related to any seller who may be selling one.
I had owned one before though. 

On the comments above, I mean no offence to other ristis who think otherwise.

[patricia]

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?

Dont worry abt it.Go for it!Value for Pams is very stable.

[1000g]

IMHO, buy the watch that you like and don't bother about the resale value. If the watch appreciates, treat it as a bonus.

If you bought the watch, and love it, don't think you will sell it even if it appreciates. If it depreciates, at least you still love it.

If you only think about resale, don't buy unless you are a trader.

[PamDino]

A few of the Bros already said it. It all depends on the models. I believe too that it applies to all watch brands.

You must have bought all the right Rolex models . Some of the Rolex models are also known to have steep slide in value.

Dino

[Democritus]

Some of the early i series 233 were know to have some issue with the PR indicator. However, this could be rectified if send for servicing within the 2 years period. Not heard sbout such issue with j and k series.

Generally, Pams and Rolex and Patek holds value better than others but depends on model too.
For Pams, generally SE holds better than historic than contemporary but still depends on model
Whether a certain model holds better than another is hard to tell....even hardly than guessing the direction of the stock market.

So just buy what you like cos holding value is not as important as you feel good wearing it.

[Ender]

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?

IMO, depends on the model you get. some models, like any other watch brands, are more collectable and hence retain their value better. I may be wrong but I understand that if you like the 233, it's good to get the 1st series....Don't take my word for it, better do some research on your own.

[Jinks]

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?

As I understand, Panerais and Rolexes tend to hold their value better than most other brands

[bulldog90]

Panerai Resale Values

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?

[116520]

You're right!

Esp. when your watch grow with you... monetary value is meaningless to you... it becomes priceless...

Just kidding kie.

U buy what sings to u.
To each his own.
Values, appreciation & etc are secondary

[kermit e froggy]

Just kidding kie.

U buy what sings to u.
To each his own.
Values, appreciation & etc are secondary

Well Said ! If value goes up, it's a Big Bonus to your collection !

[Bluesky]

Thanks

Thanks Bro Destro for the illustrations with actual models. Can see why so PAM has such intense followings even during tough times like current. I hope to find more such illustrations in this forum.

It's really difficult to generalize like that. Panerai does not follow the rule of thumb depreciation as other brands like Omega. You have to understand that this is a completely different market segment and ballgame altogether for Panerai. One main consideration is in each model's total production run, the other of course is the perceived collectability of the model. Some main points to share:

1. Historic manual wind models are more popular than Automatics (with the exception of the PAM28, PAM64 etc)
2. Out of production models command a higher value than what is available in the current official catalogue
3. Special Edition models garner a fervent interest, and usually command a higher resale price, some even higher than the RRP
4. You'll need to sell a body organ to buy a Vintage and Neo-vintage (produced in 1990's with T-dials)

So, if you have puchased a PAM2A in 1998 for SGD$2k+, and sold it in 2007, you'll be laughing to the bank with your sale as the resale price was between S$20k-S$30k.

However, contemporary pieces like PAM104 takes a slight beating these days. You might purchase a brand new piece at about 8K and if you were to sell it, you would suffer a 10-15% depreciation. But it's anyone's guess whether the pam104 will continue in existence or will it be replaced by new redesigned 44mm fiddy cases that look more refined. If it's discontinued one fine day, prices may appreciate past the RRP.... and you'll wear it for free if one day you should decide to sell it.

My 2 cents.

[Fred_Tan]

Panerai? Where got value?

Just kidding kie.

U buy what sings to u.
To each his own.
Values, appreciation & etc are secondary

[louie]

Pam 90 is damn nice... I can't get it in those years... super long waiting list... your friend damn lucky brought it for only 5k...how much does it worth now??

like yours lor,abt 7k...

[116520]

Pam 90 is damn nice... I can't get it in those years... super long waiting list... your friend damn lucky brought it for only 5k...how much does it worth now??

you very lucky to have brought your 63 at 5k,my other friend also brought his 90 5k plus nia back in the year 2000..

[louie]

Actually worn for almost 9 years.... got feeling to it already...

very lucky to have brought your 63 at 5k,my other friend also brought his 90 5k plus nia back in the year 2000...