Panerai- Preloved Value Dropping fast

[jeffbong]

Just wondering...am searching for Panerai for the past few years...it seems the value has dropped tremendously

for example a used PAM 422 used to trade ard 22-24k, recently i saw in the teens only.

what happened to Panerai?

[uncle_ray]

There are potentially quite a few reasons for that:

- There are way too many similar-looking PAMs out there nowadays.

- Demand has dropped. The big watch is out and smaller sport watches are in vogue right now. While there are definitely still many PAM fans out there, my observation is that buyers are now looking at smaller, more conservatively-sized pieces right now. 40mm is the new 44mm.

- The market isn't as good right now. PAMs are less desirable than the staple Rolex subs or PP Nauts and PAM owners are ready to lower their prices to sell theirs.

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[exodus]

Hopefully the bronze submersibles start popping up for reasonable prices.

2nd hand value of pams have definitely dropped.

[kukujiao]

why are we complaining? isn't it good? lol

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[exodus]

It's great!

[dennis.T]

now is the good time to buy panerai!!!

[watchfreak]

I reckon it has to be done with multifactorials reasons, good news for genuine watch collector who has been wanting to add one onto their collection, the flip side sad news for owners whom are looking to resale theirs


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[Olkuu0205]

https://youtu.be/H95LQIrfbv0

Link above is a video shares some thoughts of panerai and together with a Luminor due 

 

[Mox]

More reason for the new ones to be priced correctly (read : much lower) moving forward lol

[bulletnos]

Sadly, Panerai just went up in retail price I think around 5-7%....though used ones are dropping...but good time to buy used ones tho...haha


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[ching1112]

Good timing own a pam now?

[David_cheong]

Sad but true. Used watch dealers now reluctant to buy in your Pam unless it’s a trade in.
And if they ready to buy in, their quote is pathetic.

dc

[Ben07]

Sadly, Panerai just went up in retail price I think around 5-7%....though used ones are dropping...but good time to buy used ones tho...haha


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Good to buy more Panerai indeed and expand the collection.  I haven't seen many listed on classified section recently though. I guess everyone is holding onto their Pam's. 

[kenn.beh]

Just wondering...am searching for Panerai for the past few years...it seems the value has dropped tremendously

for example a used PAM 422 used to trade ard 22-24k, recently i saw in the teens only.

what happened to Panerai?

BUt you don't see many 422 up for sale though

[nctt1971]

I am wondering the value of my pam292. been keeping it in mint condition for many years... sad...