Panerai overpriced?

[Paneraii]

There are so much history about Panerai. The divers, PIG and etc.

Panerai was founded in 1860 in Florence by Giovanni Panerai (1825–1897). It later became the official supplier to the Royal Italian Navy and expanded to building precision instruments. The company is famous for its Radiomir and Luminor watches, notable for their use by Italian commando frogmen.

And there is only one brand that can do the Luminor, which is Panerai. Furthermore, there are worldwide cult following of Panerai especially the Japanese and HongKong boys.

For now, it is not overpriced. And I can see the price will only go up.

Why - Even economy goes bad. The number of available Panerais will not go up and down though the number of demand may dwell. But then... there are so limited pieces out there.. So Panerai is never overpriced.

[feilong108]

aiyo...like then buy if dun like then dun buy..simple logic mah...hahaha...panerai even if way over priced oso got ppl on the waiting list for so long...so it wun bother richmont group if you dun buy..lol..

[benhur]

branded watche sure ovrprice. but pams are worst/ way wayover priced!

[Paneraii]

It is never overpriced

[Ender]

Not trying to bash Panerai watches/owners here. But seriously speaking. Touch your heart. How many of you owners here feels that Panerais are overpriced timepieces? Is it really a $2K watch slapping on a $10K price tag? For the record, I don't own one. Just trying to gather feedback on how the owners feel that's all.

Purely on a cost price S$x vs selling price S$Y basis, you are probably right. On this basis, off the top of my head, cannot name any luxury watch that is not 'overpriced'. In fact, as one forummer mentioned in another thread, with the hp (and it is very rare not to have one of your own now), a watch is no longer a necessity but really a luxury.

But then, cost price is not so simple. Should you not take in marketing/ advertising cost? Such costs are inevitably factored into the retail price. Further, for pams, a fair bit if its attraction also lies in its military heritage. How do you measure such history in $ terms? How do you measure the pleasure a pam (rollie, AP, or whichever watch) brings to its owner..?

Anyway, you don't one one but you are seeking feedback? Are you interested to get one but is deterred by its prevailing price? Given the present situation, pam prices have come down by a fair bit and there are a few great bargains out there. Just need to look around...
resistence is futile......

[Daytonalover]

Just follow what ur heart tells u to do...
Live with no regrets...

[Lgoh]

There are many types of over priced?

1. overpriced but can sell - because many people like
2. overpriced but cannot sell - because many people don't like.

The real question would then be whether you like or not. . . . . . because everything in this world is over priced. . . . . . . . thats how people make money. . . .

[Destro22BT]

Bottomline is this: We're paying for their successful marketing. Just imagine, if they don't market their watches successfully, would you take a second glance at a Rolex? Or Panerai? Or Omega? Overpriced yes, but more importantly, worth it or not? Just hear what your heart says everytime u strap it on or glance at it to check time

[Daytonalover]

My feel...

Personally, i feel that its the demand of the market and the branding (who humans "fry" them) to make it so overpriced!
I always believe:
More production, less demand= Cheap
Less production, more demand= Expensive
I think this is life, if not everything will be the same price...

[kenkelvin]

haha no rolex or pam also can join lah. have a email acc can liao haha

[116520]

i love my rolex and pam and my wife equally...

i know why rolex and panerai so expensive liao!!! ...becos you can join the rolex and paneristi forums and be a part of the great community....

personally....i feel the paneristi community shares a great passion for their watches....

on top of that... their history and limited pieces will command a premium...simply supply and demand...

i love my rolex and pam equally....shhhh....dont let my wife hear me...

[hoshi8]

i know why rolex and panerai so expensive liao!!! ...becos you can join the rolex and paneristi forums and be a part of the great community....

personally....i feel the paneristi community shares a great passion for their watches....

on top of that... their history and limited pieces will command a premium...simply supply and demand...

i love my rolex and pam equally....shhhh....dont let my wife hear me...

[116520]

Yes yes.... happy can already loh...

If you do the math, the price of gold daytona is more overprice vs. SS daytona. How much is the price gold per gram?

If you look at two-tone daytona vs SS daytona worst. How come Steel is selling more expensive than gold leh???

most branded watches are overpriced anyway. only is u buy liao happy or not is more important haha

[kenkelvin]

most branded watches are overpriced anyway. only is u buy liao happy or not is more important haha

[Democritus]

Pams are overpriced...that's why people buy.
Daytonas are overpriced...that's why people like
Pateks are overpriced...that's why the waiting is long

If Rolex reduce their prices by 20%, I think the demand will go down.

That's the way life is.