Is Panerai really this cold?October 4 2017 at 3:48 AM
|Jay (Login zlin08033)|
from IP address 22.214.171.124
I still love Panerai very much.
While I was picking up my new bronze 671, I saw 716 Mare Nostrum, 685 and 687 3 Days Acciaio in the showcase, they are such nice looking pieces! Wondering is panerai really this cold now?
Cold as in less popular than say 10 years ago?
|October 4 2017, 7:47 AM |
Inevitably yes. Before they made watches in small numbers and demand generally outstripped supply making them rare and as watches go a pretty good investment. Once they began making their in house movements they introduced a pile of new models and that's pretty much where it all went to ****. I'm not saying that it doesn't make complete sense from a business standpoint but the continuing effect of flooding the market with watches has driven their value down pretty much across the board and is keeping the used market for them flat. We've reached the point where the system is so backed up that the toilet doesn't flush anymore.
Re: Cold as in less popular than say 10 years ago?
|October 4 2017, 2:15 PM |
Let's also not forget the out of control price increases
They are WAY overpriced now
|October 4 2017, 2:28 PM |
Amen to that. nt
|October 4 2017, 3:07 PM |
|October 4 2017, 6:19 PM |
PAM 687 is gorgeous but close to 10.000 euro for a not better than average finished 2 hands watch ???
same for the 662 and 663
That is completely nuts. those are 6K watches
The 372 and 422, great pieces but simple as hell an 8.000 - 9.000 , really ?
And than the BS with the new Bronze
the forst one 6-7 years ago 7.900 euro
3 years later the same but with power reserve ... I believe 9500 euro ?
Today the blue dial 14.000 ... WTF that same watch was only 7.900 6 years ago
Who are they fooling
No wonder all these beautifull watches are all widely available and unsold ( except the bronze )
Still love the brand but they are loosing it
Imagine they made the 687 in 2006 for 5500 euro ..... it would have be a massive hit, now it's just another watch
|October 5 2017, 3:21 AM |
I think all of these watches have always been overpriced.
I think this is with all watches not just panerai......
|October 4 2017, 10:04 PM |
For those collecting panerai when there were only 2 boutiques in the world and you could pick one up for £2000 these 2017 prices will feel like your getting ripped off but there just the going rate nowadays.
Its the same for rolex aswell, submariners and deepseas etc have double over the years and will continue to have at least one price increase a year.
Re: Is Panerai really this cold?
|October 4 2017, 6:46 PM |
I still love the brand especially during winter when straps are awesome to wear. Still, with bad liquidity, I am afraid to buy anything since I may be sitting on a Pam for a LONG time once I get bored. Sky high prices also brings more competing brands into picture.
What everyone else said !
|October 4 2017, 8:46 PM |
I'm sure some of us could write 10000 words + on this subject . . .
I'm amazed they are still in business to be honest. I mean, has anyone even purchased a Due ?
However, if anyone ever asks me what my favourite watch brand is I would say Panerai ! . . .without a second thought.
They’ve sold loads.
|October 5 2017, 1:53 AM |
Just because it may not be for us nerds doesn’t mean they don’t sell.
spot on beef....this constant beat of the panerai is dead drum is getting a bit tiresome
|October 5 2017, 12:01 PM |
just living the dream
'more than just a watch'....
But you have to wonder......
|October 5 2017, 2:13 PM |
when you walk into and AD and see limited editions sitting for extended periods of time.
How many are they selling and to who?
I can accept that is a possibility
|October 5 2017, 4:50 PM |
We get trapped in our own bubble sometimes . .
But in response to DP I think we are just being realists.
We love the brand otherwise we wouldn't be here.
I wonder what the real number say...
|October 4 2017, 10:00 PM |
...as in how many watches are they selling now compared to 10 years ago. Not sure we could get that info, but it would certainly be interesting.
I bet they sell more now than 10 years ago. Nt
|October 5 2017, 3:18 AM |
The end is near?
|October 5 2017, 10:01 AM |
I was shocked that an AD from the Netherlands who I visited only once and only purchased a titanium OEM buckle from contacted me and asked me if I was interested or knew someone who would be interested in an a PAM716 Mare Nostrum. Two years ago when I wanted a PAM617 and still living in India, the SE were only and exclusively available at OP Boutiques, last month I saw a PAM685 Radiomir on offer at an AD in New Delhi. Not a good sign at all.
Still love the watches I have and the community it created, the brand itself not so much anymore, especially after having more than one technical issue with my watches....starts to look like Fix It Again Tony of a brand more and more....
Dutchman, Panerista since 2014 and learning
PAM389 and PAM372 and a bunch of straps
Cold as in too many models, ramped up production and some overpriced >>
|October 5 2017, 2:03 PM |
Many years ago. They had a small number as they were somewhat of a new revitalized company, so numbers were lower and production was lower.
Demanded out striped supply.
Now there's too many models, too much production and many other companies are producing larger sized watches and taking sales from the company.
Values rose. Either due the higher value of the Franc or just for the sake of raising prices.
I can't see why the 0000 base logo rose from $3100 in 2005 to close to $4700 in it's last year of 2016 when nothing was added to the watch.
Some models are priced in line as other brands when it comes to inhouse movements, but others not.
I still only wear my Panerai models, but haven't bought anything new since 2005 and won't.
Don't see anything new that really moves me and they've also moved beyond my bank account
Re: Cold as in too many models, ramped up production and some overpriced >>
|October 5 2017, 3:50 PM |
"I can't see why the 0000 base logo rose from $3100 in 2005 to close to $4700 in it's last year of 2016" Because things, especially luxury items, tend to go up in price not down.
Funny you say that
|October 6 2017, 2:33 PM |
About a month ago I read a couple articles about how the second-hand Panerai market was stagnating. Sure enough, a couple of the grey market sites I frequent showed a price increase over the week before. These dealers and Panerai know that the second the price drops, alarm bells go off that there's a problem. Raising the price gives the exact opposite impression unless you know the game.