Is Panerai really this cold?

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Is Panerai really this cold?

zlin08033
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zlin08033
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Joined: January 7th, 2010, 5:00 am

October 4th, 2017, 2:48 am #1

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?
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Ayer
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Ayer
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Joined: January 15th, 2010, 11:15 am

October 4th, 2017, 6:47 am #2

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.
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mrpanerai
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Joined: April 12th, 2006, 1:37 am

October 4th, 2017, 1:15 pm #3

Let's also not forget the out of control price increases
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jim5058
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jim5058
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Joined: November 25th, 2013, 2:29 pm

October 4th, 2017, 1:28 pm #4

way, way overpriced.
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rapers
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rapers
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Joined: January 27th, 2005, 2:10 pm

October 4th, 2017, 2:07 pm #5

nt
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Bruno.M1
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Bruno.M1
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Joined: April 30th, 2005, 4:33 pm

October 4th, 2017, 5:19 pm #6

way, way overpriced.
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
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red1108nyc
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Joined: December 23rd, 2007, 1:14 am

October 4th, 2017, 5:46 pm #7

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?
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.
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njw1969
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njw1969
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Joined: March 24th, 2006, 8:55 am

October 4th, 2017, 7:46 pm #8

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?
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.
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Cr4ig
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Cr4ig
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Joined: September 16th, 2011, 10:25 pm

October 4th, 2017, 9:00 pm #9

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?
...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.

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Antonyuk
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Antonyuk
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Joined: January 29th, 2017, 1:47 pm

October 4th, 2017, 9:04 pm #10

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.
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.


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FLS2K
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FLS2K
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Joined: August 9th, 2005, 7:57 pm

October 5th, 2017, 12:53 am #11

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.
Just because it may not be for us nerds doesn’t mean they don’t sell.
FLS2K is Beef
Beef is FLS2K
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RossRoss1
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RossRoss1
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Joined: February 26th, 2009, 3:27 pm

October 5th, 2017, 2:18 am #12

...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.
Nt
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RossRoss1
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RossRoss1
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Joined: February 26th, 2009, 3:27 pm

October 5th, 2017, 2:21 am #13

way, way overpriced.
I think all of these watches have always been overpriced.
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ferry.monne
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Joined: April 1st, 2014, 1:22 pm

October 5th, 2017, 9:01 am #14

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?
SE are nowadays available at AD's as well, apparently a select number of models that are probably considered semi-SE? At least for markets that do not have Boutiques a positive thing towards local customers, but markets like India there are still AD's who prefer to sell them for export....

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....
Last edited by ferry.monne on March 24th, 2018, 9:08 am, edited 1 time in total.
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fullcourt1
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Joined: July 16th, 2010, 9:02 pm

October 5th, 2017, 11:01 am #15

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
dp
just living the dream
chicago, usa
more than just a watch
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DONAG
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DONAG
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Joined: January 25th, 2005, 7:47 pm

October 5th, 2017, 1:03 pm #16

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?
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

DON
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mrpanerai
Paneristi
Joined: April 12th, 2006, 1:37 am

October 5th, 2017, 1:13 pm #17

Just because it may not be for us nerds doesn’t mean they don’t sell.
when you walk into and AD and see limited editions sitting for extended periods of time.

How many are they selling and to who?
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RossRoss1
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RossRoss1
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Joined: February 26th, 2009, 3:27 pm

October 5th, 2017, 2:50 pm #18

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

DON
"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.
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Pam673
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Pam673
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Joined: February 21st, 2017, 3:48 am

October 5th, 2017, 3:17 pm #19

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?
The fact that I have seen all the recent Mare Nostrum models (603,716) and the other SEs 663,685,687..etc had been sitting on the shelf of my AD like old dogs looking for a new owner in a pet shop is a sign to OP & Richemont that something is not quite right with their market strategy.

I hope they read this forum and realised that watch enthusiast had lost zest in the brand the moment they continuously recycle SEs from the past.

No buyers would want to see their $10k watch drops 60-70% the moment they wore it where as with a Rolex Submariner or Deepsea or Daytona you don't lose much. This is the issue that they have to address because regardless of how production numbers have ramped up and releasing more series for people to choose, if those watches are sitting on the shelf for long periods of time it painted a bad image to the brand and inspire people to wonder why should they buy this watch if nobody else wanted it.

Yes people do buy what they like but the high level of financial lost is a major roadblock. People dropping $10k on a non essential item will surely do a bit of research beforehand. It's not like 10-15 years ago where information on watches was less transparent. People goes to chrono24 to check on the used value of a watch. If someone is so loaded that dropping $10k and losing over half is a non issue then you have the issue of exclusivity. That is the brand is not high end enough for them to even consider. Instead they will go for something like the PP Nautilus series or the AP ROO series..etc
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njw1969
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njw1969
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Joined: March 24th, 2006, 8:55 am

October 5th, 2017, 3:50 pm #20

Just because it may not be for us nerds doesn’t mean they don’t sell.
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.
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