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.