Bruno.M1
4922
The Panerai market is dead
and tbh it's sad cause I still like Panerai
But look at these .. Once popular, sought after and had a huge fanbase
Right now an Antiquorum auction is happening in Hongkong ..some results
or should I say EXTREMELY disappointing results
That's ALL FEES included around 3.100 euro for a Panerai 232
The 232 is a LE from 2 decades ago and is imo still one of their real ICON
The 232 is a LE from 2 decades ago and is imo still one of their real ICON
THE 372, just under 4K euro all included
It's a watch with a retail price around 10.000 euro
So 60% UNDER list .... for a brand that used to keep value damn well
It's a watch with a retail price around 10.000 euro
So 60% UNDER list .... for a brand that used to keep value damn well
3.600 for this titanium submersible from early 2000
4.100 euro for a Marina Militare LE 1000 pieces from 2014
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Comments: view entire thread
The Panerai market is dead
and tbh it's sad cause I still like Panerai But look at these .. Once popular, sought after and had a huge fanbase Right now an Antiquorum auction is happening in Hongkong ..some results or should I say EXTREMELY disappointing results That's ALL FEES incl...
The company didn’t do themselves any favours…
Too many shenanigans, not the least with the PAM318 “Brooklyn Bridge” movement fiasco. I used to be a fan of their vintage pieces, not so much any longer. As far as I’m concerned, the brand reputation is dead.
I still like a lot of the older classic styled Panerais.
But after having a loyal if not fanatical fan base they made a few too many errors of judgement that really rubbed their fans up the wrong way. As already mentioned above my post the Pam 318 Brooklyn Bridge issues really left a bad taste in many people's ...
Great! Sounds like a buyer’s market.
I was frustrated back in the day trying to buy Panerai watches. Now, those watches are available at reasonable prices. What is not to like? Personally, I am happy we are beyond the hype that amplifies prices. Now, if you bought Panerai as an investment, t...
Exactly!
I'm here to *get* watches, not to sell them. At these prices I'm thinking I might get myself another Panerai soon!
sometime ago I read in this forum about some this auction house
by one of our moderators so not sure I would give it too much credibility and visibility. Buyers of vintage/used watches usually buy the seller (or the auction house)
I agree, these are incredibly weak results.
But a couple of observations in no particular order: - These are watches that never should have seen auction. There was never an “auction market” for a 323 or 372. Seller should have sold them to the dealer. - Results tends have been weak all season, but ...
The writing has been....
on the wall for donkey's ears. I've given away (as gifts) 3 pieces a long while ago (232, 249, 587). I decided to gift them rather that peddling them away for a song and a dance. Panerai has been at it (the systematic demolition of "collectors'" pieces) f...
The Panerai watches that are true to their roots are very desirable but they made numerous mistakes with pricing and marketing. I bought a 372 when it first came out, not long after I bought
it they lowered the price of the watch (just one example)! It was like they had cracked the Rolex-PP-AP value code and then began to make one mistake after another. Oddly the only one I've ever owned that continued to hold value really well did not have a...
I've owned a couple in the past and still think they are pretty cool watches especially the Radiomir.
My gripe with them was too many models that looked almost identical. And of course a couple of the so-called limited edition in house fiascos. The Paneraistis were an interesting group/cult but I guess fan clubs can be somewhat of a trendy thing after a w...
WoW......
...ehmm Paneristi still exist. Arnold and Sly meant (and still mean) very little to a Panerai lover. That being said, guys like me, are kind of happy the whole 3 rings circus burned up, now we can go back to our...beloved...catacombs and carry on with our...
Have owned a number …
… over the years, and very much like the older ones like the 127 Fiddy, but fear I may let it go, but only due to it being a bit large on me as I get older 😂
Generally 40mm is the sweet spot for me (and 39mm for dress watch)
That said I do have a couple Panerais that I very much enjoy wearing. And lately, going against the grain (I guess) I’ve been coming around to the idea of an Offshore.
It shows where the market is heading.
I am not surprised by these results. Never owned a Panerai, 190G is the only one I am interested in getting.