The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 4 October 2017, 12:40 PM   #1
zlin08033
"TRF" Member
 
zlin08033's Avatar
 
Join Date: Oct 2008
Location: NJ
Posts: 985
Is panerai really this cold now?

While I was picking up my new bronze 671, I saw 716 Mare Nostrum, 685 and 687 3 Days Acciaio in the showcase, they are such nice looking pieces! Wondering is panerai really this cold now?
zlin08033 is offline   Reply With Quote
Old 4 October 2017, 02:51 PM   #2
Snarltorialist
"TRF" Member
 
Join Date: Sep 2017
Location: Singapore
Posts: 32
Quote:
Originally Posted by zlin08033 View Post
While I was picking up my new bronze 671, I saw 716 Mare Nostrum, 685 and 687 3 Days Acciaio in the showcase, they are such nice looking pieces! Wondering is panerai really this cold now?
Suppose it depends on which region you're in. Out of interest, were there any of the newly released green dials?
Snarltorialist is offline   Reply With Quote
Old 4 October 2017, 05:12 PM   #3
S2000_driver
"TRF" Member
 
Join Date: Jan 2008
Location: So Cal
Posts: 105
Quote:
Originally Posted by zlin08033 View Post
While I was picking up my new bronze 671, I saw 716 Mare Nostrum, 685 and 687 3 Days Acciaio in the showcase, they are such nice looking pieces! Wondering is panerai really this cold now?
I've seen all three available at the LA boutique. There's a 687 sitting on display at my local Tourneau for at least 4 weeks now...
S2000_driver is offline   Reply With Quote
Old 4 October 2017, 06:30 PM   #4
rolexforum73
"TRF" Member
 
Join Date: Dec 2012
Location: UK
Posts: 22
The 687 is my new favourite panerai of all time. It's a thing of beauty. The dial, those hands, and the white font. Very special.
rolexforum73 is offline   Reply With Quote
Old 4 October 2017, 07:30 PM   #5
Cru Jones
2017 HULK Pledge Member
 
Cru Jones's Avatar
 
Join Date: Mar 2010
Location: Paris, France
Posts: 24,917
Congrats on the 671!!

I think it's tough to make a general comment on the state of Panerai based on one AD...

That being said, the Mare is gorgeous, though some say over-priced for the movement....685 & 687 are collector pieces. Those just "wanting a Panerai" will look elsewhere, IMHO.
Cru Jones is online now   Reply With Quote
Old 4 October 2017, 09:05 PM   #6
1William
2017 HULK Pledge Member
 
Join Date: Nov 2010
Location: North Carolina
Watch: Rolex/Others
Posts: 11,676
I assume a lot may have to do with the AD and the willingness to deal. Many consumers now expect a significant discount and a lot of AD's will hold certain pieces and only go full retail for a walk in. No doubt Panerai is soft now but it is also a good time as a buyer, if you are not going to flip.
1William is offline   Reply With Quote
Old 4 October 2017, 09:08 PM   #7
brandrea
2017 HULK Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian
Location: canada
Watch: es make me smile
Posts: 21,688
Congratulations, it's a beauty

We only have a boutique here in Toronto and the other AD doesn't discount, at least to me
brandrea is offline   Reply With Quote
Old 4 October 2017, 11:31 PM   #8
Pam673
"TRF" Member
 
Join Date: Mar 2017
Location: Panerai Land
Watch: 673
Posts: 20
What a beautiful watch!

I am also thinking that they have released too many of those Special Editions/Limited Editions watches in the last few years with each issue in the vicinity of 500-1000 units.

They should have cut it down to 50-100 units and then in that way the market won't be saturated with these SE/LEs and it will drive demands up again.

Also there are too many releases of regular series that look similar and that does confuses customer and will drive them away. With Rolexes people know to go for the Submariner or the Sea Dweller or the Daytona. With AP you have the ROO series and with Patek you have the Nautilus series (5711, 5712 & 5990...etc).

With Panerai new comers don't know which series to go for as they don't have a well sought after bread and butter series in the brand anymore. This is what they have to change. They have to scale back on new releases and create hype in a few of their back to basic bread and butter models and then the brand will be hot again.
Pam673 is offline   Reply With Quote
Old 4 October 2017, 11:50 PM   #9
mfer
2017 HULK Pledge Member
 
mfer's Avatar
 
Join Date: Mar 2007
Real Name: Mik
Location: USA
Posts: 13,314
Yes. I’ve seen some insane prices on used pieces. I don’t want to even say them. I’ve been offered a 687 at a great price.

So the pieces are sitting. That should tell you something

372’s retail for 10k, secondary market <5k. :-(
__________________
member#3242
mfer is offline   Reply With Quote
Old 4 October 2017, 11:51 PM   #10
mfer
2017 HULK Pledge Member
 
mfer's Avatar
 
Join Date: Mar 2007
Real Name: Mik
Location: USA
Posts: 13,314
Congrats on the 671 btw! it’s a winner.
__________________
member#3242
mfer is offline   Reply With Quote
Old 5 October 2017, 12:00 AM   #11
jhcam8
2017 Batman Pledge Member
 
jhcam8's Avatar
 
Join Date: May 2011
Real Name: Jim
Location: SE MI, USA
Watch: Explorer I
Posts: 2,058
Quote:
Originally Posted by Pam673 View Post
What a beautiful watch!

I am also thinking that they have released too many of those Special Editions/Limited Editions watches in the last few years with each issue in the vicinity of 500-1000 units.

They should have cut it down to 50-100 units and then in that way the market won't be saturated with these SE/LEs and it will drive demands up again.

Also there are too many releases of regular series that look similar and that does confuses customer and will drive them away. With Rolexes people know to go for the Submariner or the Sea Dweller or the Daytona. With AP you have the ROO series and with Patek you have the Nautilus series (5711, 5712 & 5990...etc).

With Panerai new comers don't know which series to go for as they don't have a well sought after bread and butter series in the brand anymore. This is what they have to change. They have to scale back on new releases and create hype in a few of their back to basic bread and butter models and then the brand will be hot again.
Not sure how hot it'll get - it really got kicked off as a trend and now it's so dilluted - I mean a Rad with 30m depth rating? What's that mean?
There are a few pieces that I like, but as @mfer notes, the used market is still too high. My 2 cents.
jhcam8 is offline   Reply With Quote
Old 5 October 2017, 12:40 AM   #12
nick c
"TRF" Member
 
nick c's Avatar
 
Join Date: Feb 2012
Location: Canada
Posts: 22,085
Congratulations on your 671
nick c is offline   Reply With Quote
Old 5 October 2017, 12:52 AM   #13
jhcam8
2017 Batman Pledge Member
 
jhcam8's Avatar
 
Join Date: May 2011
Real Name: Jim
Location: SE MI, USA
Watch: Explorer I
Posts: 2,058
Oh, and congrats on your 671!
jhcam8 is offline   Reply With Quote
Old 5 October 2017, 01:00 AM   #14
mfer
2017 HULK Pledge Member
 
mfer's Avatar
 
Join Date: Mar 2007
Real Name: Mik
Location: USA
Posts: 13,314
Quote:
Originally Posted by jhcam8 View Post
Not sure how hot it'll get - it really got kicked off as a trend and now it's so dilluted - I mean a Rad with 30m depth rating? What's that mean?
There are a few pieces that I like, but as @mfer notes, the used market is still too high. My 2 cents.
I was saying some of the used prices are tanking insanely low. I just saw a 232 sell for a crazy LOW price. Iím seeing 249ís falling too. I gave the 372 as an example of a watch selling for 50% of MSRP.

I donít know how to run a watch company but to me, Panerai is taking something that was unique and special and diluting it. Maybe it is just natural evolution of a publicly traded watch company. Iím not throwing stones at Panerai; just posting my observations.
__________________
member#3242
mfer is offline   Reply With Quote
Old 5 October 2017, 01:39 AM   #15
jhcam8
2017 Batman Pledge Member
 
jhcam8's Avatar
 
Join Date: May 2011
Real Name: Jim
Location: SE MI, USA
Watch: Explorer I
Posts: 2,058
Quote:
Originally Posted by mfer View Post
I was saying some of the used prices are tanking insanely low. I just saw a 232 sell for a crazy LOW price. Iím seeing 249ís falling too. I gave the 372 as an example of a watch selling for 50% of MSRP.

I donít know how to run a watch company but to me, Panerai is taking something that was unique and special and diluting it. Maybe it is just natural evolution of a publicly traded watch company. Iím not throwing stones at Panerai; just posting my observations.
Right, I agree. I'm wondering if I should spend 7k on a 622 or similar.
jhcam8 is offline   Reply With Quote
Old 5 October 2017, 02:35 AM   #16
zlin08033
"TRF" Member
 
zlin08033's Avatar
 
Join Date: Oct 2008
Location: NJ
Posts: 985
How you guys feel about 716?

Thanks guys.
I like 716 more than 687.
zlin08033 is offline   Reply With Quote
Old 5 October 2017, 03:14 AM   #17
stockae92
2017 Pledge Member
 
stockae92's Avatar
 
Join Date: Oct 2009
Location: Socal
Posts: 3,096
Where are all the 690?? That's how *cold* it is ... :p

Congrats on the bronzo :)
__________________
135
├┼┼╕
246 R
stockae92 is offline   Reply With Quote
Old 5 October 2017, 06:06 AM   #18
stockae92
2017 Pledge Member
 
stockae92's Avatar
 
Join Date: Oct 2009
Location: Socal
Posts: 3,096
Quote:
Originally Posted by mfer View Post
Yes. Iíve seen some insane prices on used pieces. I donít want to even say them. Iíve been offered a 687 at a great price.

So the pieces are sitting. That should tell you something

372ís retail for 10k, secondary market <5k. :-(
I think the 372 is a SCREAMING deal in the pre-owned market for that price

So many time I am tempted to get one just for the crystal, too bad my wrist size just can't pull it off
__________________
135
├┼┼╕
246 R
stockae92 is offline   Reply With Quote
Old 5 October 2017, 08:18 AM   #19
red1108nyc
2017 HULK Pledge Member
 
red1108nyc's Avatar
 
Join Date: Apr 2011
Real Name: Fred
Location: NYC/NJ Metro Area
Watch: Rolex
Posts: 6,172
Love the brand but I definitely had less interest when I wanted to sell them once I got bored over the past 2 years. Difficulty in moving them definitely played a hand in me owning zero Panerai(s) right now.
red1108nyc is offline   Reply With Quote
Old 5 October 2017, 11:34 AM   #20
Ruud Van Driver
2017 HULK Pledge Member
 
Ruud Van Driver's Avatar
 
Join Date: Oct 2014
Real Name: Chopped Liver
Location: Singapore/UK
Watch: G-Shock
Posts: 8,907
Quote:
Originally Posted by 1William View Post
I assume a lot may have to do with the AD and the willingness to deal. Many consumers now expect a significant discount and a lot of AD's will hold certain pieces and only go full retail for a walk in. No doubt Panerai is soft now but it is also a good time as a buyer, if you are not going to flip.
Very true. OP Singapore have a few LE pieces built especially for Chinese New Year. Oneís been sat in the case for eighteen months and the other for about seven. They will not discount them by one cent. I only showed mild interest but was steered away because theyíre very Ďbasicí and, reading between the lines, it worth the money.

Quote:
Originally Posted by brandrea View Post
Congratulations, it's a beauty

We only have a boutique here in Toronto and the other AD doesn't discount, at least to me
Lucky you, Brian. Thereís no OP boutique in the UK. When I move back to the UK, possibly next year, my closest OP boutique will be Paris, where thereís three. No way will I be going there though, far too close to the influence of our Panerai Enabler-in-Chief!

Looking at the soft used market for Panerai and Iím glad that two of mine are LE and quite exclusive.

Congrats on the 671, OP
__________________


116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM 359, PAM 689, PAM 737

"Whatever watch it is, it's that man's watch and it's very poor form to criticize another man's watch."
© Grady Philpott

* Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons *
Ruud Van Driver is offline   Reply With Quote
Old 5 October 2017, 11:56 AM   #21
brandrea
2017 HULK Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian
Location: canada
Watch: es make me smile
Posts: 21,688
Quote:
Originally Posted by Ruud Van Driver View Post
Very true. OP Singapore have a few LE pieces built especially for Chinese New Year. Oneís been sat in the case for eighteen months and the other for about seven. They will not discount them by one cent. I only showed mild interest but was steered away because theyíre very Ďbasicí and, reading between the lines, it worth the money.



Lucky you, Brian. Thereís no OP boutique in the UK. When I move back to the UK, possibly next year, my closest OP boutique will be Paris, where thereís three. No way will I be going there though, far too close to the influence of our Panerai Enabler-in-Chief!

Looking at the soft used market for Panerai and Iím glad that two of mine are LE and quite exclusive.

Congrats on the 671, OP
Hard to believe they don't have a boutique in the UK : thinking:

Sent from my SM-G935W8 using Tapatalk
brandrea is offline   Reply With Quote
Old 5 October 2017, 02:15 PM   #22
Snarltorialist
"TRF" Member
 
Join Date: Sep 2017
Location: Singapore
Posts: 32
Quote:
Originally Posted by brandrea View Post
Hard to believe they don't have a boutique in the UK : thinking:

Sent from my SM-G935W8 using Tapatalk
Well not for long, it opens next month:

http://www.watchpro.com/officine-pan...reet-boutique/
Snarltorialist is offline   Reply With Quote
Old 5 October 2017, 02:38 PM   #23
LordNantucket
"TRF" Member
 
Join Date: Aug 2012
Location: Canada
Posts: 42
It is definitely a buyerís market right now!


Sent from my iPhone using Tapatalk
LordNantucket is offline   Reply With Quote
Old 5 October 2017, 03:33 PM   #24
chemistman
"TRF" Member
 
chemistman's Avatar
 
Join Date: Sep 2014
Location: Auckland
Watch: BLNR, Exp II, SubC
Posts: 123
685 and 687 looks fantastic , but the 30m WR is the ultimate buzz killer. In a radiomir case with a different bezel- I don't see why this has anything to do with the lowered WR.

Yea in general Panerai is a slow mover these days. Lots of AD and TD has stock for discount. Great time to buy if you are a true fan!!!
chemistman is offline   Reply With Quote
Old 5 October 2017, 07:05 PM   #25
brandrea
2017 HULK Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian
Location: canada
Watch: es make me smile
Posts: 21,688
Quote:
Originally Posted by Snarltorialist View Post
Well not for long, it opens next month:

http://www.watchpro.com/officine-pan...reet-boutique/
That outta make Paul very happy

Sent from my SM-G935W8 using Tapatalk
brandrea is offline   Reply With Quote
Old 5 October 2017, 07:56 PM   #26
Ruud Van Driver
2017 HULK Pledge Member
 
Ruud Van Driver's Avatar
 
Join Date: Oct 2014
Real Name: Chopped Liver
Location: Singapore/UK
Watch: G-Shock
Posts: 8,907
Quote:
Originally Posted by Snarltorialist View Post
Well not for long, it opens next month:

http://www.watchpro.com/officine-pan...reet-boutique/
Awesome, thanks for sharing

Quote:
Originally Posted by brandrea View Post
That outta make Paul very happy

Sent from my SM-G935W8 using Tapatalk
Iím very happy!

I canít believe thereís three in Paris and thereís not been one in the UK. Thatís absolutely nuts.
__________________


116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM 359, PAM 689, PAM 737

"Whatever watch it is, it's that man's watch and it's very poor form to criticize another man's watch."
© Grady Philpott

* Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons *
Ruud Van Driver is offline   Reply With Quote
Old 5 October 2017, 09:32 PM   #27
tyler1980
2017 HULK Pledge Member
 
tyler1980's Avatar
 
Join Date: Apr 2015
Location: london
Posts: 3,040
Quote:
Originally Posted by Snarltorialist View Post
Well not for long, it opens next month:

http://www.watchpro.com/officine-pan...reet-boutique/
Im excited to visit the boutique and am happy they are doing this. Makes the absence of AP on bond street even more conspicuous though.
tyler1980 is offline   Reply With Quote
Old 5 October 2017, 09:41 PM   #28
fullcourt
2017 Pledge Member
 
fullcourt's Avatar
 
Join Date: Oct 2010
Real Name: dp
Location: chicago, usa
Watch: panerai
Posts: 1,736
nope
__________________
dp
just living the dream
chicago, usa
fullcourt is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Banner Of The Month
*Banner Of The Month*
This space is provided to horological resources.





Copyright ©2004-2017, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.