Scott (Login auto104) from IP address 126.96.36.199
With all the 372's for sale now on the CL, I would have to believe that the 47mm just isn't for everyone. The 372 looks so awesome in pictures, but on the wrist, just too big must be the reason for the unloading going on. If only Panerai would make a 233 type watch with the awesome doomed crystal and in a base, or even 8 day, without the GMT, I would guess it would sell like crazy. Now I realize there are a lot of people who just love the 372, but a lot more in my opinion would kill for a 44mm version. Your thoughts?
I have yet to own a 47mm or try one on, but early on in the 372 discussion, most owners said they didn't have an issue with the 47mm. I'm sure it's a reason for some, but if any sellers want to chime in, I share Scott's curiosity on this one.
the 47mm is what makes the 372. im not sure if i wouldve pulled the trigger had it been a 44mm. and although i have 6.5" wrists which is considered small in many's opinions, the watch just puts a big fat smile on my face when it gets strapped on. in the end, you make it work or get used to the size of it. i wouldn't have bought it to begin with otherwise. im also 6'1" btw so that helps with the small wrists. as for all the 372's in the CM, a big factor may be because another 2500 is being released and flippers are dumping them.
127, 217, 203, 267 are all special editions. Even they may be too big for someone, they are a lot more collectable.
I also own a 372 and love it. But it is also too big for me and I also considered selling it. I know if I sell it, I can always buy it back because it is a regular production. But for 127, 217, 203, or 267, once you sell it, it is not that easy to get it back.
There are a lot of risti out there and there are also a lot of regular people buying Panerai. For us, the 372 means a lot more and many see it as a must have watch. But every non risti I know think that my 372 is way overprice and too big, most would not consider it.
I believe the beginning demand on 372 are created by us. But the general market just don't have that high demand at this price range hence the flipper are forced to sell when the supply is higher than demand.
I do hope more 44mm base watch with dome crystal and 1950 case in the future. For now 390 is my alternate for my 372.
Let's face it, it's not exactly a limited edition watch. I'm sure many people wore it, then said, "do I really need to spend $10K right now?" Presently it can be sold for nearly what one paid for it, that is, before the prices start dropping as the "O" and "P" lines come out, diluting the numbers even further.
I think it's not the size, it's the price. I'm not saying the watch is too expensive, just that maybe some people are having second thoughts after wearing it for a bit. The watch doesn't wear much bigger than a 390 or 233--really--so maybe those who bought it after becoming drunk by all the 'risti koolaid and peer pressure realized it's not the one.
I'm having slight buyers remorse, but not selling - yet >>>
June 29 2012, 7:44 PM
It is a big watch, and not only do I have a very small wrist, but I'm not tall either, but too me size isn't the issue. This may be somewhat backward logic, but on my tiny wrist the 44mm models already look big and take up my whole wrist, so the incremental impact of a larger watch isn't all that different. Anybody who chooses to can pull it off.
To the extent I have any buyers remorse, and I'm sure there are others out there like me, it's because I was seduced by the hype initially and then by the watch itself, resulting in my first brand new PAM, my first boutique purchase and my first purchase at MSRP, all of which are out of character for me. It is no doubt a stunningly beautiful and special piece, but I gave up two pieces (312 and 243) to get it, and that pair was far more practical and versatile than the lovely 372 I'm wearing today.
From the perspective of value, the price point is a little hard to follow, given that the most basic P.3000 watch is roughly $2k more than the most basic P.9000 watch at MSRP.
Then, considering what 233s and 312s sell for on the CM compared to their list prices, and considering there will be 6000 372s out there between the N and O series, it's not hard to conclude that getting close to MSRP on the CM won't last for long, and you can already see that happening. Many folks may be realizing that and thinking hey I'll get my money back now and pick another one up later when CM prices reflect a more normal discount to MSRP. Clearly there were some that hoped that this was an SE in disguise (i.e. would begin and end in the N series) and the realization that this is not the case may have prompted some selling.
I love my 372, but if and when I do sell it, it will simply be because I want or need something else more and can't afford to keep it as just one piece in a larger collection, and I have to give it up to fund something that is more versatile, more practical, or, God forbid, is just singing to me more loudly.
The hype was generated by ristis screaming for a "base fiddy" (myself included) for years. If it was issued as an LE and there wasn't this much inventory on the resellers market the prices would have been firm.
Personally I think case size and/or movement has very little to do with them hitting the CM so frequently, there simply isn't the demand to meet the supply of a standard run watch that everyone reserved a year and a half ago. IMO
PAM64C, PAM170, PAM10B-T, PAM176G
"I have my rules. Never collect anything youd never wear. I own watches that are valuable but dont scream theyre valuable. And theres watches I could buy for a quarter of that money, that everybody in the room would go, Wow, that guys got cash. Im not a watch snob." -John Mayer
Firstly, I don't think it's really that big of a sell-off. If a hundred 217's show up for sale, that's ten percent of the total run: a big deal. If a hundred 372's show up for sale, that's three percent, which isn't as big of a deal. More supply means more availability on the second hand market.
Secondly, I think a lot of the flippers are realizing this won't exactly be the most profitable piece for them, so they're dumping stock before the price really bottoms out. (Remember the initial run on the 000?)
At the same time, you see people buying a 372 second hand to try out. Sure, they may have balked at $10,000.- on a watch they weren't totally sold on, but once someone else has taken the initial price hit, a person can 'safely' buy one to try out and see if it's for them. If they don't like it, they can move it along and make their money back. Moreover, once the price is down, then buying a hand-winding watch with no complications at all becomes a little more palatable.
Finally, I think there are indeed people who bought the piece sight unseen and just realized that 47mm is awfully big. Even for someone used to a 44mm Luminor, the 372 wears bigger than 3mm more. It looks so awesome in the pics on this forum, but that doesn't always translate into reality.
We've all known forever that Panerais aren't for everyone (and that's part of the reason we all love them) but the same can be said for individual models.
I wouldn't have touched the 372 if it wasn't 47mm.
June 30 2012, 7:35 AM
As Paddy has said, this is a gift.
You get to wear a piece that is very close to a vintage luminor. There are probably close to 200 44mm luminor models to choose from. Nothing comes close to this piece when comparing it to the vintage ones.
47mm, engraved dial, polished stainless and plexiglas. It is close to perfect.
I understand many think it's large but in reality it's the correct size.
I'm never going to sell mine unless I have to. I don't mind that many others can have it as well as me. If you want to wear a piece like this, the more the merrier. This is the DNA of the brand.
Andy from the land of the long white cloud.
372 is exactly what many of us have dreamed of -- and it has met expectations. Those who are dumping (a few dozen people?) either bought for wrong reason or just didn't like size or crystal. I guess I don't really see how much difference there is between 2000 or 7000 distribution. Its a special watch that I'm guessing the same guys that are selling today will be repurchasing in a few years. Sure you could have saved a little money waiting and buying on the CM, but I've enjoyed every minute of this watch -- and that is really the only reason anyone should buy any watch -- unless they are true watch "investors"
Personally, I invest in my business And my children's education. I wear watches because they make me feel good...and the 47mm sexy plexi on my wrist right now feels waaaaaaay good
If You Don't Go, You Can't Come Back.
RIP BBQ & Drew
Sure some folks discovered it's too big after buying it. But whose first contact with 47mm was the 372? The concept of 47MM being big could not have been a huge surprise to Ristis who bought this watch.
I think the explanation for a larger number of sales is erroneous speculation that this would be a limited run and that it would command premium prices. As supply continued to flow, the prices stabilized. And with the realization that there were more than enough to go around, the prices fell. Particularly given the debut of the "O" series, the recent flood of supply on the CM reflects the realization that there will always be enough new watches at retail to satisfy the market. Therefore, there is no reason to hold the watch unless you want to wear it.
Some made a simple miscalculation and sold. But those few likely do not justify the recent number of watches hitting the CM, in my opinion.
For me, I love the 372 because I can wear it without worrying about selling it. It is not going to be a 21 or 203 because it's a regular production number. My SEs get more rest. And let's not forget, it's just friggin beautiful. The color of the fauxtina, the dial's simplicity, the shape of the case. Oops, got to go... I just soiled myself.
I (finally) collected mine at the weekend.
First impressions? Its a keeper, I dont flip watches anyway, I buy 'em because I like 'em.
The only worry I have is the plexi. Panerai supplying a spare give the impression that longevity may be an issue, but didn't speedmasters & older Rolex subs come fitted with plexi too? Reading some of the the posts on TZ, many sing the praise of polywatch to bring the plexi back to as-new condition.
Time will tell if it is an issue, but I'll enjoy wearing the 372 while finding out.
I own a 372, 368, 249 and 232. The size never really bother me. That's providing that I have a 6.2inch wrist. Amongst my friends, I have the smallest wrist! That doesn't mean I don't wear my vintage 1680 though.
I do think the watch was over hyped, it is a nice watch. But to be frank, is a lot of money for a base model. We have to remember, there are NO complication for this watch, not even a PR. For £6.3k, I can get a second hand Pam 233 (which I've also got).