Quote:
Originally Posted by 1William
The formula I use is what I can buy the watch for now. What the watch is bringing from a Grey or me selling to a buyer myself. What is the number between and that is the cost to me on the watch. Figure in how long you wear the watch and that is the cost. I typically buy pre-owned or new with a significant discount so those numbers are closer together but always a loss on a non-LE/SE Panerai. In a financial recession I found that Grey Dealers only wanted the popular historical models that where easier to move. If you want a Panerai buy it because you really like it but understand that in good or bad financial times the market to sell or trade is very different from Rolex or PP. I own three, my folly.
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Good insight. I am noticing that now on Craigslist in my area the Panerai's are not moving. I read a post that Panerai is coming out with numerous models this year....will be patient on this one. Besides I am still smitten with the Planet Ocean I recently purchased. Thanks.