Panerai's definitly increase in value.
I got my PAM111H for $3,550 (wearing it today
). Today it reatils for $4,600 and I saw it on sale from a grey dealers for $5,200. I had no idea that it was in that high of demand. Kind of been out of the PAM loop lately as I've turned all my attention to the Audemars Piguet Royal Oak Offshore.