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Old 18 August 2017, 11:52 AM   #1
JamesChristopher417
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Should I take the hit

It's been a while but I have that itch that can only be scratched one way....a new watch! I've had my beautiful two tone for years now and love it. I purchased a Panerai 389 almost two years ago and do not get to wear it as often as I'd like given it's size and it's has fallen out of favor. Would love to get into a BLNR and/or Explorer II.

Panerai do not retain their value as well as Rolex and although I did well with the Panerai purchase i would still be taking a couple grand hit.

Do I take the hit and make up the difference and buy a new Rolex?






Rolex 116613lb
Panerai 389
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Old 18 August 2017, 11:58 AM   #2
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Yes, imo the hit will only get bigger each year
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Old 18 August 2017, 12:16 PM   #3
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Yes, imo the hit will only get bigger each year
x2
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Old 18 August 2017, 12:28 PM   #4
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Yes, imo the hit will only get bigger each year

Yep. That's the problem with trendy brands. The fall can come hard and quick.
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Old 18 August 2017, 02:34 PM   #5
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Yep. That's the problem with trendy brands. The fall can come hard and quick.
I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
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Old 18 August 2017, 04:15 PM   #6
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I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
Ditto..... we all buy "what we like" (I dumped my Daytona for two Panerai).... at the end of the day "they're just watches after all"...

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Old 18 August 2017, 10:06 PM   #7
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I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
That's about the most favorable view of panerai you could have. How many of those years did they continuously make watches? Farm equipment and other stuff doesn't really count.
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Old 18 August 2017, 10:31 PM   #8
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That's about the most favorable view of panerai you could have. How many of those years did they continuously make watches? Farm equipment and other stuff doesn't really count.
I have no idea what you're point is or what you're driving at here but as far as I'm aware, they've made timepieces continually from the beginning. I'm no authority on Panerai so I'm happy to be educated by someone with knowledge of the brand. I'm not interested in BS from haters and the ignorant.

I'm a fan of Panerai. I wear them out of love for the brand and the timepieces themselves. No one puts a gun to your head to make you buy them. Wear what you love and love what you wear
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Old 18 August 2017, 10:41 PM   #9
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That's about the most favorable view of panerai you could have. How many of those years did they continuously make watches? Farm equipment and other stuff doesn't really count.
They manufactured depth gauges, compasses and other precision instruments for the navy.

Given the shared heritage of Rolex and Panerai, it's disappointing to read the inevitable negative comments in these types of threads. Doesn't happen on P.com (about Rolex).

Regarding value retention, Panerai does no worse than many other brands.
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Old 20 August 2017, 01:59 PM   #10
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I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
WJGESQ has a perpetual hard-on for any and all brands that are not Rolex (except, of course, for those he happens to own or has owned), and posts accordingly, used to troll the AP and Patek forums until he got put on notice. And even within the Rolex family, he tends to throw shade on (surprise, surprise) models other than the Sub, which he just happens to own (the Hulk, which is, of course, the very very very best model that Rolex makes). Bigtime fanboy.
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Old 18 August 2017, 08:54 PM   #11
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Yep. That's the problem with trendy brands. The fall can come hard and quick.
You should do some research before commenting
Early Panerai Radiomir cases were designed by Rolex and the watches used Rolex movements. Panerai were military suppliers from 1930s - 1990s.

@OP - I would hang on to the 389 and maybe switch out the strap to freshen its appeal (one of the fun aspects of Panerai ownership). Taking a big hit and then buying another watch that will also depreciate (if not as much) makes no sense to me. Nice to have some contrast in a collection.
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Old 18 August 2017, 09:00 PM   #12
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Keep the Panerai and just wear it. They're beautiful watches.
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Old 18 August 2017, 09:28 PM   #13
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Originally Posted by Ruud Van Driver View Post
I love reading crap like this from the haters who clearly know nothing about the brand.

Panerai has been around since 1860, which is about 45 years longer than Rolex, so it's hardly a 'trendy' brand.
Quote:
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You should do some research before commenting
Early Panerai Radiomir cases were designed by Rolex and the watches used Rolex movements. Panerai were military suppliers from 1930s - 1990s.

@OP - I would hang on to the 389 and maybe switch out the strap to freshen its appeal (one of the fun aspects of Panerai ownership). Taking a big hit and then buying another watch that will also depreciate (if not as much) makes no sense to me. Nice to have some contrast in a collection.
Enough said ... And I'll enjoy my trendy Panerai
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Old 19 August 2017, 12:09 AM   #14
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Enough said ... And I'll enjoy my trendy Panerai
A beauty, Brian
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Old 18 August 2017, 10:40 PM   #15
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Yes, imo the hit will only get bigger each year
Yep. That's why I've stayed with Rolex. I don't ever plan to sell, but you never know. Buying right is also key. The only reason I have an AP is because it was an incredible deal. As long as I don't beat the crap out of it, I can flip it and get all my money back. However, it's my favorite SS watch and I have zero intentions of selling.
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Old 18 August 2017, 11:44 PM   #16
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Yes, imo the hit will only get bigger each year
I agree. Take the hit now - I decided to ''take the hit'' on 3 Breitlings under a year old and it was severe to say the least, but I bought 3 Rolex to replace them and I couldn't be happier.

Best wishes with your decision!
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Old 18 August 2017, 11:59 AM   #17
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Your right unfortunately they don't retain. I could be wrong but I feel like they are at an all-time low right now. I would take the hit and got for the BLNR. But that's just me. Good luck!

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Old 18 August 2017, 12:30 PM   #18
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Make your move now OP. I'd try to 'flip' it here or contact some of the more established sellers to get trade value.
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Old 18 August 2017, 03:47 PM   #19
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Make your move now OP. I'd try to 'flip' it here or contact some of the more established sellers to get trade value.
I absolutely agree with you.
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Old 18 August 2017, 08:31 PM   #20
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Make your move now OP. I'd try to 'flip' it here or contact some of the more established sellers to get trade value.
I think you're right and that's what I'll have to do.
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Old 18 August 2017, 01:30 PM   #21
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Yes, that's what I did too. It'll just get worse. For me, the quality and reliability was just not there given the price point.


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Old 18 August 2017, 01:46 PM   #22
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Panerais unfortunately suffer from the fact that those crown guards are hideously ugly.

That will not go away.
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Old 18 August 2017, 01:51 PM   #23
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Yes. $20 is worth more to me than a watch I don't wear. Don't fall into the sunk cost fallacy.
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Old 18 August 2017, 02:07 PM   #24
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if your not in love with it, time to move on, so to speak..:)
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Old 18 August 2017, 02:12 PM   #25
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Go ahead!
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Old 18 August 2017, 02:14 PM   #26
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Do it. But only for the Blnr. The Exp 2 doesn't hold value well.
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Old 18 August 2017, 02:17 PM   #27
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Sell while you still can..

389 is still a popular model, but the market on Pam overall is very very soft
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Old 18 August 2017, 02:21 PM   #28
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If you ain't wearing it - you already taking a hit. Might as get something you want to wear


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Old 18 August 2017, 10:12 PM   #29
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If you ain't wearing it - you already taking a hit. Might as get something you want to wear


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What they said ^^^^^^^^^^^^^^^ Sell what you don't wear for something that you will wear.
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Old 18 August 2017, 02:23 PM   #30
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Scratch that itch!
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