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Originally Posted by inadeje
I agree. I sold my Tuttonero and 352 just before the market nose dived. I then sold my 526 Regatta. Thankfully I didn’t lose any money because all were bought way below retail. In fact I enjoyed all three for quite some time and, on two I made a few dollars. The third I broke even. I’ve only kept the 4 because I believe they will always be pure Panerai and, as LE models with no modern variant, are well chosen, I think I’ll be ok. No plans to sell anyway. The 111 with OPX is my beater and, oddly enough, its a very accomplished piece, despite being pretty low cost. The 687 is quite a bizarre watch but, every time I think of selling it, I wear it a day or two and fall back in love.
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You did well for sure. The good thing about the "classic" models like the 111, 112, 000, 005 is that you can get them a grand or so off MSRP, but you can also sell them for roughly the same price you got them. I don't ever see my 372 sinking below 5k because it's basically a 47mm 1950s version of the models mentioned above. If I move it, I likely won't lose anything.
If you buy an LE Panerai, with the way their history as been recently, expect something similar to come out as regular production a year or so later tanking whatever exclusive value your LE has. That doesn't mean you shouldn't spend money on Panerai you like. I certainly don't think any watch should be an investment. The wise move though is to buy what you like and do it second hand if you want to save money.