Do You Think Pannie Is Over Price?

[WatchTimes]

No I do not....

They are made in limited #s and it makes them sort of exclusive.

Well I do not think they are overpriced in line with higher end watches
BUT
I think all high end watches are overpriced BUT thats what makes them
unique, makes us want them and ensures everyone else doesn't have the same watch

[boa2]

My last Panerai overhaul had a parts cost of $34. It's a pretty inexpensive movement. That said, many models hold their value enough to make the cost of ownership fairly low...should you decide to resell.

As Daren said, it's what the market will bear. Do I think a 249 is worth over $10,000? No. But some do. And so the market goes...

From Patek to Hublot, from Rolex to Panerai, the flavors may vary, but we're all drinking some form of Kool-Aid.

[MAC4130]

There are plenty of watches out there with an ETA ebauche, but not all are the same! For starters Panerai uses a Valjoux 7750, this workhorse is a proven reliable movement, most of all an affordable Chrono Movement...and What does Panerai do? Well they use a perfectly good Chrono Movement strips it down and uses it for...well... from Just a 2 or 3 Hand Watch to GMT's and Chronos indeed. So if this movement can perform well and get Chronometer certification as a Chronograph it should do as good or better for a 3 hand watch! And it does! But wait Panerai does not buy this movement from ETA and inside the case it goes! no, the take care in changing this movement so that it has a better finish, a better balance, better escapment, etc. There is plenty of talk out there about at what point does a movement change its name from a 7750 to a Panerai OPVIII, well they are not the same, Panerai as well as many other companies really change this movements a lot, making a realiable movement even better. So what are we paying for? much more than the indiidual parts comprising the watch that is for sure! We pay for: a good movement, a great looking fashionable watch, a Brand with History, a piece made with very high quality in all aspects, a limited production watch which traslates to some sort of exlusivity, exclusivity without the 6 figure price exclusive watches go for... so maybe the price is not that out of whack or is it?. Consider this, Rolex as well as any other high end watch out there is considered to pricey, why pay 5, 10 or 30 grand for a time telling machine?!?!?! Your can buy a Timex or a Casio for 20 dlls! Well yes you could, but then again.. would you get the same satisfaction out of it? What are we buying? A timetelling machine or a statment of craftsmanship, exclusivity, quality & history, that happens to tell time???

[DSJ]

I do think Panerai is over priced. But I also think Rolex is overpriced. I like Rolex enough to pay the "overpricedness," but don't like Panerai enough to do the same.

[brainbizz]

Not by a long shot. Demand typically exceeds supply.

[Tony-GB]

This thread is absolutely fascinating. I've learnt so much.

One thing though, I thought AP movement's were all inhouse?



Just to throw my experience into the mix: I have yet to meet a grey dealer that rates Panerai. One London dealer (Duggans) has even stopped stocking them. I like them alot, just prefer Rolex more.

[argee1977]

Originally Posted by Tony-GB

This thread is absolutely fascinating. I've learnt so much.

One thing though, I thought AP movement's were all inhouse?



Just to throw my experience into the mix: I have yet to meet a grey dealer that rates Panerai. One London dealer (Duggans) has even stopped stocking them. I like them alot, just prefer Rolex more.

You aren't looking too far then, Panerai watches sell very well at grey dealers, go into watches.co.uk or blowers and ask the same question, i've stated this before to you, Dave Duggans is the worst one out of all the grey dealers in the UK, Panerai are overpriced as it is without the mark ups they stick on any watch.

[Tony-GB]

Originally Posted by argee1977

You aren't looking too far then, Panerai watches sell very well at grey dealers, go into watches.co.uk or blowers and ask the same question, i've stated this before to you, Dave Duggans is the worst one out of all the grey dealers in the UK, Panerai are overpriced as it is without the mark ups they stick on any watch.

And as I've stated before - watches.co.uk took the piss out of Panerai owners. Told me they are totally overpriced & not worth the money.

They still sell Panerai though.

[argee1977]

Originally Posted by Tony-GB

And as I've stated before - watches.co.uk took the piss out of Panerai owners. Told me they are totally overpriced & not worth the money.

They still sell Panerai though.

Every watch is overpriced, Panerai probably spend less than £300 on making a SS watch, Rolex are the same, it's only the companies that handmake every part and use intricate movements and designs that cost a lot to make, and they sell for a hell of a lot more than Rolex or Panerai.

As for watches.co.uk, i will ask them next time i'm in, i'll also tell my mate who is very friendly with the owner and owns two panerai to ask as well

[Tony-GB]

Originally Posted by argee1977

Every watch is overpriced, Panerai probably spend less than £300 on making a SS watch, Rolex are the same, it's only the companies that handmake every part and use intricate movements and designs that cost a lot to make, and they sell for a hell of a lot more than Rolex or Panerai.

As for watches.co.uk, i will ask them next time i'm in, i'll also tell my mate who is very friendly with the owner and owns two panerai to ask as well

You do that. It was the owner who said that to me. He said it was a shrewd move that I was going back to Rolex as it is a far superior watch. When I asked him to elaborate, that's when he made the comments about Panerai & Panerai owners & was actually laughing as he relayed his opinion to me.

And just for extra clarity, I bought a 24 A series from Duggans & part exchanged it to watches.co.uk. They gave me more than I paid for at Duggans & sold it for alot more than Duggans sold it to me for, so in my experience Duggans are very reasonably priced Not "...Dave Duggans is the worst one out of all the grey dealers in the UK..." And Duggans appreciate repeat custom by giving good discounts.

[argee1977]

Originally Posted by Tony-GB

You do that. It was the owner who said that to me. He said it was a shrewd move that I was going back to Rolex as it is a far superior watch. When I asked him to elaborate, that's when he made the comments about Panerai & Panerai owners & was actually laughing as he relayed his opinion to me.

And just for extra clarity, I bought a 24 A series from Duggans & part exchanged it to watches.co.uk. They gave me more than I paid for at Duggans & sold it for alot more than Duggans sold it to me for, so in my experience Duggans are very reasonably priced Not "...Dave Duggans is the worst one out of all the grey dealers in the UK..." And Duggans appreciate repeat custom by giving good discounts.

Duggans, in all my dealings are overpriced more than any other, and the likes of watches.co.uk and blowers are a lot nicer to deal with, this is the opinion of quite a few of my friends as well.

As for Rolex being better quality, well i've owned seven Rolexes, i don't find them any better, they're what i would call rugged and dependable, there is nothing pretty about the sports watches, the subs, sds, gmts, etc all have pretty ugly movements that do the job very well, the cases are not really any different to those made by Seiko and others and the bracelets, well they're my biggest bugbear about Rolex.

[Trurolexer]

Originally Posted by argee1977

Duggans, in all my dealings are overpriced more than any other, and the likes of watches.co.uk and blowers are a lot nicer to deal with, this is the opinion of quite a few of my friends as well.

As for Rolex being better quality, well i've owned seven Rolexes, i don't find them any better, they're what i would call rugged and dependable, there is nothing pretty about the sports watches, the subs, sds, gmts, etc all have pretty ugly movements that do the job very well, the cases are not really any different to those made by Seiko and others and the bracelets, well they're my biggest bugbear about Rolex.

What can I say? I think I agree with you, Ryan!!!

[Tony-GB]

Originally Posted by argee1977

Duggans, in all my dealings are overpriced more than any other, and the likes of watches.co.uk and blowers are a lot nicer to deal with, this is the opinion of quite a few of my friends as well.

As for Rolex being better quality, well i've owned seven Rolexes, i don't find them any better, they're what i would call rugged and dependable, there is nothing pretty about the sports watches, the subs, sds, gmts, etc all have pretty ugly movements that do the job very well, the cases are not really any different to those made by Seiko and others and the bracelets, well they're my biggest bugbear about Rolex.

Granted, Blowers are the daddy when it comes to Panerai & they have a superb reputation. From personal experience, Mark falls over himself to give excellent service. I never had dealings with his Father though.

I can only speak from personal experience & got rid of my A series Panerai to go back to Rolex. As I understand it from the original Risti's, the early Panerai's did suffer from QC issues. I still intend on getting another Panerai, but only when the price is right.

[dra44]

Just my 2 cents but, the cost of admission is one of the things that keeps OP from becoming too mainstream. I'm not sure about the rest of you, but that bit of exclusivity is what drove me to the brand to begin with. Sure, the markup on the watches are mindblowing, but as it's been stated ad naseum, it's pure ecomomics. Supply and demand. Would you rather drive a Ford or a BMW? It's all about status, and anyone that tries to say otherwise should be wearing a Timex and not wasting their time on this website.

[argee1977]

Originally Posted by Tony-GB

Granted, Blowers are the daddy when it comes to Panerai & they have a superb reputation. From personal experience, Mark falls over himself to give excellent service. I never had dealings with his Father though.

I can only speak from personal experience & got rid of my A series Panerai to go back to Rolex. As I understand it from the original Risti's, the early Panerai's did suffer from QC issues. I still intend on getting another Panerai, but only when the price is right.

Panerai are getting their act together these days, in the beginning they were more about the design and cases rather than the whole package, and the watches suffered a bit, but in the end they worked just as well as anything else.

Rolex, well as i said they're the way i said earlier, real tool watches that do exactly what it says on the tin, don't get me wrong, i love Rolex, i wouldn't have had seven of them if i didn't, i don't like all Panerai either, and with most of the watches i think they're vastly overpriced, same with Rolex, JLC, VC, Blancpain, etc, but they do sell at that pricepoint, and as much as it hurts financially you sometimes have to pay the market rate to get something you like.

It's a shame that most of the watches have gone out of reach, Panerai and Rolex are about the same when it comes to this, when i bought my first Submariner it cost around £1850, nowadays they're £4000, my first GMT was £2350 in about 2004, now they're £4200, and Panerai, well they're just as bad to get and my biggest grievance, their SE stuff, they are bought up by carpetbaggers and sold off quickly for double, pushing the market value up and causing price rises to occur

[Trurolexer]

Yeah, they all overpriced!!! SUCKS!!!

[argee1977]

Originally Posted by Trurolexer

Yeah, they all overpriced!!! SUCKS!!!

Don't we know it, how many PAMs and Rolexes would we have if the prices were the same as in 2000

But, they are at a price the market has allowed, and by that i mean people continue to buy them, hopefully this whole recession might make them come back down to normal prices!