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uracowman · 12 December 2018, 01:12 PM

Fellow ristis,

Any idea what is going on with demand on the 721? Given the story of this watch and the significant, I’m surprised to see these now trading below retail.

fullcourt · 12 December 2018, 02:05 PM

it’s panerai, nothing surprises me

uracowman · 12 December 2018, 02:38 PM

Quote:

Originally Posted by fullcourt

it’s panerai, nothing surprises me

I know where you are coming from. 10 years ago it wasn't like this. I think they have butchered their offerings as of late and are losing the cult aura.

Fleetlord · 12 December 2018, 03:13 PM

It's very soft.

I've seen them @ boutiques on display every visit. Secondary market they go unsold..

Great watch and all that. Just Pam market is pretty toxic at the moment.

chemistman · 12 December 2018, 07:01 PM

It was hot for a while and saw a few dealers selling around $11000 to $12000 mark, now it's somewhere between 8 to 9k.

Have a feeling this is going to be like 232 or fiddy. The fiddy prices now is just unthinkable from a few years back.

Really have to go for what you love and get at the right price. Golden days of Pams are gone

uracowman · 13 December 2018, 12:14 AM

Quote:

Originally Posted by Fleetlord

It's very soft.

I've seen them @ boutiques on display every visit. Secondary market they go unsold..

Great watch and all that. Just Pam market is pretty toxic at the moment.

Quote:

Originally Posted by chemistman

It was hot for a while and saw a few dealers selling around $11000 to $12000 mark, now it's somewhere between 8 to 9k.

Have a feeling this is going to be like 232 or fiddy. The fiddy prices now is just unthinkable from a few years back.

Really have to go for what you love and get at the right price. Golden days of Pams are gone

Around your latter comment, what are your thoughts on why this is happening?

Ravager135 · 13 December 2018, 01:33 AM

Panerai special editions are volatile. For one, there's just too many special editions out there and too many models that are too similar. The subtle changes just don't do enough for the average buyer who just wants a 47mm Radiomir. Collectors will initially mop up the special editions and try and sell them over retail. People who missed the release will pay over MSRP, but once they get into the hands of the people who really want them, the remainder start to tank and prices drop. This goes on for several years until it becomes increasingly hard to find a BNIB example of the special edition at which time price goes back up a little and floats there.

Panerai needs to streamline their regular production models and offer special editions that really offer something new to consumers. Unfortunately over the past 10 years, Panerai as essentially saturated the market with every variation of every possible combination of case shape, dial, complication, etc. There isn't much new or imaginative to offer. The green and blue dial models are a direct example of this. They've exhausted what you can do with a black dial model, they get a new playbook if they change the dial to dark green or blue. Take the PAM 690; a very cool variation on the Radiomir 1940. Probably still the best blue dial example Panerai makes. What does Panerai do, they offer something very similar in the PAM 932.

synequano · 13 December 2018, 05:02 AM

The way the market now,just buy what you really like and don't think too much about resale

There are very few pams which price gone up over the years (with the exception of bronzos) probably the most surprising one is 168,bought one few years ago for around 6.5k,now the selling price is around 11k....even there's a dealer abroad willing to buy mine at 10k....the price increase is higher than the "el primerai" 74 that's pretty much stuck in 7-7.5k range

Panerai have exhausted their black,brown (tobacco),blue dial options,I guess next year they'll do boutique edition in green dial following the bronzo mk 1-2,73x trio and 911 with some stickers on their display back

I've been wearing Panerai since 2005/2006 and my youngest piece are O series 177 and 441,their new models aren't appealing for me...instead I'd rather hunt for their older models

utc66 · 13 December 2018, 07:38 AM

I just checked out the 721 image search, yes it's based on a historical model, but the dial is too sterile for me. I agree with the synequano above, the older models are more interesting.

fullcourt · 13 December 2018, 09:59 AM

Quote:

Originally Posted by utc66

I just checked out the 721 image search, yes it's based on a historical model, but the dial is too sterile for me. I agree with the synequano above, the older models are more interesting.

the sterile dial is a winner

uracowman · 13 December 2018, 01:55 PM

Thanks for the feedback everyone. I've had the same feeling. IMO, Panerai is driving themselves into the ground and has no focus.

dchang81 · 13 December 2018, 03:56 PM

too many damned models.

Dan2010 · 13 December 2018, 10:19 PM

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

nick c · 13 December 2018, 11:19 PM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

opawlows · 13 December 2018, 11:28 PM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

Very well said!

REXMTL · 13 December 2018, 11:35 PM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

Bushido · 14 December 2018, 02:38 AM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

Exactly!

fullcourt · 14 December 2018, 10:59 AM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

spot on....

Cru Jones · 14 December 2018, 03:43 PM

Quote:

Originally Posted by nick c

Quote:

Originally Posted by opawlows

Very well said!

Quote:

Originally Posted by REXMTL

Quote:

Originally Posted by Bushido

Exactly!

Quote:

Originally Posted by fullcourt

spot on....

I’m with these guys! Well said, Dan.

Dan2010 · 14 December 2018, 10:03 PM

Quote:

Originally Posted by Cru Jones

I’m with these guys! Well said, Dan.

. The Panerai bashing thing gets old after awhile. They are fantastic, unique watches that EVERYONE doesn't have on their wrist.

fullcourt · 14 December 2018, 10:17 PM

Quote:

Originally Posted by Dan2010

. The Panerai bashing thing gets old after awhile. They are fantastic, unique watches that EVERYONE doesn't have on their wrist.

exactly....this constant the brand is dead cr@p and is driving themselves into the ground and has no focus is just idiotic.

like you said, buy what you like not what you want to flip.

Have a great weekend

KBM · 15 December 2018, 02:29 AM

Ok, this thread really needs a pic.

Beautiful watch.

synequano · 15 December 2018, 03:05 AM

I had a chance to see 721 along with 172,if only they do the blue hands like 172 on 721....

The newer pams have painted blue hands that look more matte and darker in comparison to the older ones that look more shiny and lighter

Blue hands on old skool pam 168

The OG Beef · 15 December 2018, 05:42 AM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

Spot...flipping...on!

Sent from my iPhone using Tapatalk

Ruud Van Driver · 15 December 2018, 02:53 PM

Quote:

Originally Posted by Dan2010

I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

Only one thing I disagree with; the expression is ‘couldn’t care less’. Sorry mate, I had to. Otherwise, spot on

Quote:

Originally Posted by Dan2010

. The Panerai bashing thing gets old after awhile. They are fantastic, unique watches that EVERYONE doesn't have on their wrist.

Again Dan, bang on the money. Example on this point - Mrs Van D and me are on a two-week cruise between the Persian Gulf and India. There’s about 60% Brits on here, about 20% North Americans and the rest comprising a mix of Europeans and Asians.

I’ve seen about four billion Rolex, one AP, two Omega Speedys and two Panerai (including mine). The AP might have been a Hublot; I’m no expert and the two brands can look quite similar to my uneducated eye from ten yards plus. The other PAM was a Luminor of some description but I could only make out the crown guard.

rootbeer7 · 15 December 2018, 05:47 PM

All of the above plus, just by numbers made, Panerai is actually relatively rare! Love my 233, lost interest in Rolex a while back. (Ruud Van Driver’s fault) !!

red1108nyc · 16 December 2018, 02:53 AM

If you want to talk demand and resell, it's very soft. If you want to talk about buying what you love, its a great time to buy

For what it is worth, 721 is at $8975 at DavidSW's. It's just the market.

Ruud Van Driver · 16 December 2018, 05:46 AM

Yeah, Panerai’s rubbish. They have too many references that all look the same, they make too many LEs, the company have lost their way and their watches are worthless on the used market.

In fact, they’re so crap I’m giving all mine away and I’ll pay the shipping. And pigs are blue and have wings.

fullcourt · 16 December 2018, 05:47 AM

Quote:

Originally Posted by synequano

I had a chance to see 721 along with 172,if only they do the blue hands like 172 on 721....

The newer pams have painted blue hands that look more matte and darker in comparison to the older ones that look more shiny and lighter

Blue hands on old skool pam 168

different times. the 172 is an amazing piece, my ‘grail’ but the hands on the 721 are amazing in their own right.

fullcourt · 16 December 2018, 05:49 AM

forgot the pic

12 December 2018, 01:12 PM	#1
uracowman "TRF" Member Join Date: Jan 2008 Location: Texas Posts: 461	Panerai 721 demand? Fellow ristis, Any idea what is going on with demand on the 721? Given the story of this watch and the significant, I’m surprised to see these now trading below retail. __________________ PAM 372, PAM 424, PAM 720, PAM 968, AP 15500, 116610LV, 126710BLRO, Sistem51, G-Shock Soon to come: AP 26401 RG, AP 15202OR, Patek 3940G

12 December 2018, 02:05 PM	#2
fullcourt "TRF" Member Join Date: Oct 2010 Real Name: dp Location: chicago, usa Watch: panerai Posts: 2,369	it’s panerai, nothing surprises me __________________ dp just living the dream chicago, usa chgo_risti on IG

13 December 2018, 01:55 PM	#11
uracowman "TRF" Member Join Date: Jan 2008 Location: Texas Posts: 461	Thanks for the feedback everyone. I've had the same feeling. IMO, Panerai is driving themselves into the ground and has no focus. __________________ PAM 372, PAM 424, PAM 720, PAM 968, AP 15500, 116610LV, 126710BLRO, Sistem51, G-Shock Soon to come: AP 26401 RG, AP 15202OR, Patek 3940G

15 December 2018, 05:47 PM	#26
rootbeer7 "TRF" Member Join Date: Jan 2014 Location: london Posts: 5,950	All of the above plus, just by numbers made, Panerai is actually relatively rare! Love my 233, lost interest in Rolex a while back. (Ruud Van Driver’s fault) !! __________________ @imrootbeer7

16 December 2018, 05:49 AM	#30
fullcourt "TRF" Member Join Date: Oct 2010 Real Name: dp Location: chicago, usa Watch: panerai Posts: 2,369	forgot the pic __________________ dp just living the dream chicago, usa chgo_risti on IG

12 December 2018, 03:13 PM	#4
Fleetlord "TRF" Member Join Date: May 2013 Location: Vain Posts: 5,910	It's very soft. I've seen them @ boutiques on display every visit. Secondary market they go unsold.. Great watch and all that. Just Pam market is pretty toxic at the moment.

12 December 2018, 07:01 PM	#5
chemistman "TRF" Member Join Date: Sep 2014 Location: Auckland Watch: BLNR, Exp II, SubC Posts: 155	It was hot for a while and saw a few dealers selling around $11000 to $12000 mark, now it's somewhere between 8 to 9k. Have a feeling this is going to be like 232 or fiddy. The fiddy prices now is just unthinkable from a few years back. Really have to go for what you love and get at the right price. Golden days of Pams are gone

13 December 2018, 01:33 AM	#7
Ravager135 "TRF" Member Join Date: Apr 2012 Location: New Jersey Posts: 4,122	Panerai special editions are volatile. For one, there's just too many special editions out there and too many models that are too similar. The subtle changes just don't do enough for the average buyer who just wants a 47mm Radiomir. Collectors will initially mop up the special editions and try and sell them over retail. People who missed the release will pay over MSRP, but once they get into the hands of the people who really want them, the remainder start to tank and prices drop. This goes on for several years until it becomes increasingly hard to find a BNIB example of the special edition at which time price goes back up a little and floats there. Panerai needs to streamline their regular production models and offer special editions that really offer something new to consumers. Unfortunately over the past 10 years, Panerai as essentially saturated the market with every variation of every possible combination of case shape, dial, complication, etc. There isn't much new or imaginative to offer. The green and blue dial models are a direct example of this. They've exhausted what you can do with a black dial model, they get a new playbook if they change the dial to dark green or blue. Take the PAM 690; a very cool variation on the Radiomir 1940. Probably still the best blue dial example Panerai makes. What does Panerai do, they offer something very similar in the PAM 932.

13 December 2018, 05:02 AM	#8
synequano Banned Join Date: Dec 2014 Posts: 413	The way the market now,just buy what you really like and don't think too much about resale There are very few pams which price gone up over the years (with the exception of bronzos) probably the most surprising one is 168,bought one few years ago for around 6.5k,now the selling price is around 11k....even there's a dealer abroad willing to buy mine at 10k....the price increase is higher than the "el primerai" 74 that's pretty much stuck in 7-7.5k range Panerai have exhausted their black,brown (tobacco),blue dial options,I guess next year they'll do boutique edition in green dial following the bronzo mk 1-2,73x trio and 911 with some stickers on their display back I've been wearing Panerai since 2005/2006 and my youngest piece are O series 177 and 441,their new models aren't appealing for me...instead I'd rather hunt for their older models

13 December 2018, 07:38 AM	#9
utc66 "TRF" Member Join Date: Jul 2008 Location: DC Watch: 16600, PAM112,EZM1 Posts: 463	I just checked out the 721 image search, yes it's based on a historical model, but the dial is too sterile for me. I agree with the synequano above, the older models are more interesting.

13 December 2018, 03:56 PM	#12
dchang81 2024 Pledge Member Join Date: Aug 2014 Location: Cleveland Posts: 2,041	too many damned models.

13 December 2018, 10:19 PM	#13
Dan2010 "TRF" Member Join Date: Apr 2010 Location: South Carolina Watch: Panerai 914 Posts: 6,540	I still love Panerai and could care less about the people who can't flip a model and make a killing. Still plenty of people buying Panerai. it's just not as hyped as it once was which in my opinion is a good thing. Those type of people can go buy a Rolex and worry about their "investment"......LOL. Luxury purchases are an emotional purchase so you should buy what you love.

15 December 2018, 02:29 AM	#22
KBM 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jan 2010 Real Name: K. Location: 780 Posts: 10,386	Ok, this thread really needs a pic. Beautiful watch.

15 December 2018, 03:05 AM	#23
synequano Banned Join Date: Dec 2014 Posts: 413	I had a chance to see 721 along with 172,if only they do the blue hands like 172 on 721.... The newer pams have painted blue hands that look more matte and darker in comparison to the older ones that look more shiny and lighter Blue hands on old skool pam 168

16 December 2018, 02:53 AM	#27
red1108nyc 2024 Pledge Member Join Date: Apr 2011 Real Name: Fred Location: NYC/NJ Metro Area Watch: Rolex Posts: 8,498	If you want to talk demand and resell, it's very soft. If you want to talk about buying what you love, its a great time to buy For what it is worth, 721 is at $8975 at DavidSW's. It's just the market.

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