PAM 086 & other earlier models

Sep 07, 2019,08:01 AM
 

I’m perplexed. Why is the resale value of some of Panerai’s early 2000’s Ref (such as 086) are not more desired by collectors? I have a hard time understanding why one would purchase a new or newer Ref now costing $6-7k that is just a variant of last years model!

My first Panerai was PAM086, a 44mm Steel Luminor with a beautiful anthracite dial. When I compare it to the others in my collection, the PAM086 still stands out as a unique piece. Yet the resale market values it at low to mid $4k.

I closely follow Panerai’s at auction and have noticed a fairly soft market. I believe it is a reflection of all the new models being pumped out each year (smaller, thinner, “new” dial colors, etc).

Yes I purchased this watch from an AD at a very good discount (back before retail margins were squeezed by mfg). But relative to a new Panerai, this model is a steal at current prices.

Help me understand if you can. Thx.


More posts: LuminorLuminor MarinaPAM086

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Timing.

 
 By: John-E-Mac : September 7th, 2019-08:54
It is about timing. Panerai is not the current focus. When Panerai was hot and hard to get, you could pick up any Rolex. The coin has flipped. People are chasing after Rolex, Patek and AP stainless sports models. Will it come back around? No one knows. Ho... 

If I may....

 
 By: sergio : September 7th, 2019-09:07
the PAM086 is as much a Panerai as the Porsche 914 is a...Porsche. It has an overstuffed dial and, if that weren't enough it has an antomatic movment with an english "automatic" written on the dial (Panerai being Italian). If that weren't enough, it has a...  

I like that Porsche too!

 
 By: tshark : September 8th, 2019-08:21
So is it the “look” that makes it a Porsche or a Panerai? To me, the Radiomir is the 911, and the Luminor is maybe the Boxter. Both are still of the parent and are indeed Panerai and Porsche. But unlike the 914, the Luminor is an active part of the Brand ... 

What you call the look...

 
 By: sergio : September 8th, 2019-08:50
I call "essence". For everything else...whatever floats your boat...man

It's not just looks...

 
 By: India Whiskey Charlie : September 8th, 2019-15:05
The 914 started out as a VW to replace their aging Karmann Ghia coupé but they quickly realized they could not develop the car on their own. Ferry Porsche wanted a cheaper car for younger people who could not afford a 912. So, eventually, they decided to ...  

You are most welcome :) [nt]

 
 By: India Whiskey Charlie : September 8th, 2019-15:27

Thanks for the...full

 
 By: sergio : September 9th, 2019-06:25
explanation. In fact the 914-916 were known, at the time (I was 19) as the VW-Porsches and were bought mainly by "I-love-Porsche-but-I-can't-afford-a-real-one" and Flower power children that found the new model innovative and somewhat "cute" and anti-esta... 

Don't put words in my mouth....lolll

 
 By: sergio : September 9th, 2019-11:56
I didn't write that :P I mentioned the 2 factions ONLY to..underline...the mood of the time.

:) [nt]

 
 By: amanico : September 9th, 2019-12:38