Panerai watches

[vandereydt]

Hi there

Would like to know the boards opinion on Panerai watches, I like their design.
Aspecially the Luminor 1950 series.
How do they hold their value? Should I buy new of used?

many thanks
Ronny

[anonymous-user]

Panerai made a few hundred diving watches for the Italian Navy (High praise indeed) and were then brought out of the wilderness by Sylvester Stalone (The famous cheese monger actor) in the 90's.

Now they make mainly ETA movement fashion watches and dodgy Ferrari cash-ins.

Still, they are very, very popular and people think they have 'cult status'.

They're not for me but I'm sure many people love them.

Yes, most models hold their value very well indeed.

Edited by anonymous-user on Friday 25th April 17:06

[Irish]

El stovey said:

Panerai made a few hundred diving watches for the Italian Navy (High praise indeed) and were then brought out of the wilderness by Sylvester Stalone (The famous cheese monger actor) in the 90's.

Now they make mainly ETA movement fashion watches and dodgy Ferrari cash-ins.

Still, they are very, very popular and people think they have 'cult status'.

They're not for me but I'm sure many people love them.

Yes, most models hold their value very well indeed.

Edited by El stovey on Friday 25th April 17:06

all of the used lefties seem to be going up in value.

PAM 123 are now €5k plus and PAM 217 £10K plus.

Just don't get it!

A

[M3John]

Ah Panerai, i shal be in the possession of one of these very soon with a bit of luck. PAM00112 to be precise.

Love them to bits. Love the simplicity design, classy retro face and the build quality is amazing when you `try one on for size`. They do hold their value pretty well, as for buying new or used, all depends on what your after and how big your budget is. I'll be buying new as the differance is minimal and i'd prefer new.

Edited by M3John on Friday 25th April 19:30

[filaborg]

absolutely love em...on my 4th Pam...have not lost a penny, actually made on every Pam i sold.

[Cavanagh]

have been looking at one of these but not sure at the mo

Panerai Luminor Daylight PAM 00236. J series. Brushed steel 44mm case diameter water resistant to 100 meters.
Automatic caliber OP XIX chronometer chronograph movement. Black dial with luminous numeral 12 and baton hour markers, date display.
Brushed steel tachymeter bezel. Brushed steel bracelet with double folding concealed clasp. Box and papers dated April 2008. Our reference S11260. PAM 236.
(replacement cost £5,200)

[filaborg]

Cavanagh said:

have been looking at one of these but not sure at the mo

Panerai Luminor Daylight PAM 00236. J series. Brushed steel 44mm case diameter water resistant to 100 meters.
Automatic caliber OP XIX chronometer chronograph movement. Black dial with luminous numeral 12 and baton hour markers, date display.
Brushed steel tachymeter bezel. Brushed steel bracelet with double folding concealed clasp. Box and papers dated April 2008. Our reference S11260. PAM 236.
(replacement cost £5,200)

my first Pam was a 236...nice watch

[andy tims]

El stovey said:

Panerai made a few hundred diving watches for the Italian Navy (High praise indeed) and were then brought out of the wilderness by Sylvester Stalone (The famous cheese monger actor) in the 90's.

Now they make mainly ETA movement fashion watches and dodgy Ferrari cash-ins.

Still, they are very, very popular and people think they have 'cult status'.

They're not for me but I'm sure many people love them.

Yes, most models hold their value very well indeed.

Don't know much about them & hadn't realised they had so little real pedigree - how come the prices are so high?

I do like the 40mm titanium cased model - just don't ask me the model number.

[anonymous-user]

andy tims said:

El stovey said:

Panerai made a few hundred diving watches for the Italian Navy (High praise indeed) and were then brought out of the wilderness by Sylvester Stalone (The famous cheese monger actor) in the 90's.

Now they make mainly ETA movement fashion watches and dodgy Ferrari cash-ins.

Still, they are very, very popular and people think they have 'cult status'.

They're not for me but I'm sure many people love them.

Yes, most models hold their value very well indeed.

Don't know much about them & hadn't realised they had so little real pedigree - how come the prices are so high?

I do like the 40mm titanium cased model - just don't ask me the model number.

I think it's because the watches are very distinctive and relatively hard to get hold of. Panerai don't make many watches each year so demand is usually high.

Untill recently Panerai were one of the only people making watches much over 42mm. So for people who like big watches Panerai were one of the popular brands. Many of the models are 44mm excluding the crown and large crown guard making them stand out from all other watches.

People love them or hate them and supply isn't anywhere near enough for all the people that love them.

Edited by anonymous-user on Sunday 27th April 18:36

[sparkyhx]

El stovey said:

andy tims said:

El stovey said:

Panerai made a few hundred diving watches for the Italian Navy (High praise indeed) and were then brought out of the wilderness by Sylvester Stalone (The famous cheese monger actor) in the 90's.

Now they make mainly ETA movement fashion watches and dodgy Ferrari cash-ins.

Still, they are very, very popular and people think they have 'cult status'.

They're not for me but I'm sure many people love them.

Yes, most models hold their value very well indeed.

Don't know much about them & hadn't realised they had so little real pedigree - how come the prices are so high?

I do like the 40mm titanium cased model - just don't ask me the model number.

I think it's because the watches are very distinctive and relatively hard to get hold of. Panerai don't make many watches each year so demand is usually high.

Edited by El stovey on Sunday 27th April 18:36

hy do they hold their value? thats one I wonder about myself? There thousands of watches with distinctive design and fabulous quality and far more pedigree than Panerai that just don't hold their value. Its a complete mystery.

they might not make many watches a year, but virtually every one of them is a limited edition. - maybe its that aspect - whatever it is its very clever marketing.

[Asterix]

I like the design but they're not something I can wear being of girly wrist.

[Fittster]

Have Panerai watches been in constant production since WW2, or have they been resurrected?

[anonymous-user]

Fittster said:

Have Panerai watches been in constant production since WW2, or have they been resurrected?

I think they only really started making watches for the public in the mid 1990's.

Before that it was just a couple of hundred Italian Navy watches and some prototypes and various military instruments during the wars.

[Onemind]

Dont get sucked into the "Daytonna" scam> Thse watches are not in short supply by any means, The dealers just want you to think they are.

[mcgus]

Onemind said:

Dont get sucked into the "Daytonna" scam> Thse watches are not in short supply by any means, The dealers just want you to think they are.

that depends very much on the model you are after.

[Winton]

mcgus said:

Onemind said:

Dont get sucked into the "Daytonna" scam> Thse watches are not in short supply by any means, The dealers just want you to think they are.

that depends very much on the model you are after.

Absolutely right. I bought a PAM177, which is not a limited edition, but Panerai only manufacture 500 of the type each year, worldwide. Bought for 2750, sold six months later for 2750.

Don't have to love them, but you can't argue that they are bloody popular.

[vandereydt]

wooow, thanks for all the replies.
The model I am looking at is : PAM 317 or PAM 311
Is 5000 euros a realistic budget?

thx
Ronny

[darreni]

317 UK price is £12,000 (us retail $22,900).

311 list is 13,900 euros. If you can get one.
Both ltd to 500 wordwide.

Edited by darreni on Monday 28th April 12:19

[sparkyhx]

darreni said:

317 UK price is £12,000 (us retail $22,900).
311 list is 13,900 euros. If you can get one.

vandereydt said:

The model I am looking at is : PAM 317 or PAM 311
Is 5000 euros a realistic budget?

thx
Ronny

I guess thats a no then.

Seriously? are those the prices? for a ETA based watch?

Thats ridiculous - get yourself and ETA based Panerai replica for about £300. And spend the rest on a brand with history.