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23 October 2022, 05:54 AM | #1 |
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Is Panerai still relevant anymore (compared to Omega/Rolex)?
Topic ..I'm on the waitlist for the DJ41 (only 4 months in) but stopped by Panerai boutique in Las Vegas last month and went over some models. Really loved the AR coating and case finishing but..cough, 44mm looks like a dinner plate on my 7" wrist. Also, they look weird on bracelets...lol. I do love leather straps but end up being a bracelet guy for the most part.
However, the pricing on newer 2022 models is, imo, over the top..some models are around Rolex pricing and we all know the resale value of Pam vs rolex. I mean, if someone is planning to throw around $8k+, is there any reason why they should consider a Panerai (vs Omega/Rolex)? I do admit Panerai definitely attracts more attention. In Vegas, I spotted tons of Pam on young blokes wearing skin tight jeans and white gucci sneakers. |
23 October 2022, 06:27 AM | #2 |
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Stay with a Rolex watch. You won’t regret it:)
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23 October 2022, 06:37 AM | #3 | |
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23 October 2022, 08:05 AM | #4 |
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Doesn’t seem relevant to you at least.
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23 October 2022, 08:19 AM | #5 |
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Not trying to bully you OP, but this is honestly incredibly sad. You're completely taking aesthetics out of the equation and stating value retention is the main factor one should consider here. How do newer guys even have fun in this hobby if it's what they prioritize?
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23 October 2022, 10:27 AM | #6 |
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I bought a Rolex OP41 this year and quickly sold it. Talk about dinner plates. The dial looked huge on my 7.25” wrist. Rolex is also having an issue with their 32XX movements. Add to that QC issues as they have been increasing production. I would personally not spend the $ on a Rolex until they get this all straightened out.
Omega still makes a quality watch for the money. Lots of good options in their current line up, readily available, and discounts available. Current Panerai I have some qualms with. Personally I would look for an older model, but still think some of the new offerings are solid watches for the money. But clearly Panerai is not your cup of tea. |
23 October 2022, 10:40 AM | #7 |
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I own both Rolex and Panerai. I think there's a place for both.
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23 October 2022, 02:13 PM | #8 |
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23 October 2022, 03:53 PM | #9 |
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Panerai is one of my first loves. It is unique compared to rolex omega. It may not be as versatile but it is at home on my wrist
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23 October 2022, 05:17 PM | #10 |
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They’re watches. Make your choice. I chose Panerai.
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24 October 2022, 01:13 AM | #11 |
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For me there is plenty of room for Panerai in the collection. I own a number of older models and enjoy them on the wrist. 233, 372, 360, 390, 424 are excellent watches and great value. Being able to switch between those and a decent Rolex collection is great.
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24 October 2022, 02:03 PM | #12 |
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I asked my wife to choose either a Rolex or Panerai for her birthday.
After trying both on - she made her decision. Excellent choice! |
24 October 2022, 02:06 PM | #13 |
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My two Panerai get about 90% of the wrist time over the rest of the collection. I love them and don't worry about value retention. I buy and wear what I like and enjoy, investing money for profit making ventures is done elsewhere. I enjoy being somewhat different. I can spot a Rolex or at least a fake just about every time I'm out and about, but have seen maybe 2-3 Panerai.
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24 October 2022, 09:38 PM | #14 |
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Panerai will certainly not have the "clout" that rolex has, but I would say, neither does Omega. However, if you buy to enjoy what you like, then it shouldn't matter. Out of my small 3 watch collection of sub, BLRO, and pam 111, the panerai gets most of the wrist time (60% or so, and the other 40% split between my rolexes).
I think this is a fairly new phenomenon though. It really felt as though no watch was "relevant" with the hype crowd. I never got any comments on any of my watches and it didn't seem as though anyone even cared about watches (unless you were into the hobby) until about 2018 or so. Those were the days! |
24 October 2022, 10:55 PM | #15 |
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I'm an unabashed fan of the brand.
A unique style unlike anything else IMHO. Italian design cues with Swiss watchmaking excellence. As for size, it depends on what you're used to. They're suppose to wear large, that's kind of the point 47 mm on 7" wrist. 20201202_120835.jpg Sent from my SM-G960W using Tapatalk |
25 October 2022, 02:30 AM | #16 | |
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I’d hope that this recent secondary market action would have reminded everyone that if you’re buying watches because of their resale value, then you’re not a collector or enthusiast, you’re a speculator. Not that I have a problem with speculators. I don’t think anyone will advise you to buy a Panerai because it will be worth more one day, or that it will hold its value better than some other brand. Buy a Panerai because they make very distinctive and functional timepieces. |
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25 October 2022, 03:21 AM | #17 |
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Somehow this reminds when I had my Honda S2000 back in the days (when I used to be cool)
People said Honda engine got no torque. My response was "you are right, it doesn't have enough torque to get on the freeway on ramp." Anyway, buy what you like, not what you think other people like. And some brand / model is better to buy used. Enjoy.
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25 October 2022, 05:05 AM | #18 |
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LOL @ this post...
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Current Stable: PAM 64, 87, 170, 82, 1216, 968, 508 Gone but not forgotten: PAM 233, PAM 1389, PAM 690, PAM 654, PAM 176, PAM 000, PAM 312, PAM 305, PAM 422, Rolex DSSD, Rolex TT Sub Bluesy |
25 October 2022, 08:05 AM | #19 |
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buy it cuz you like it. if we put resale value first on everything, there isnt much in life that can truly bring you joy.
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25 October 2022, 10:46 AM | #20 |
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I’ve passed on Rolex models to buy a Panerai and never regretted it in the past.
I buy what I want when I want it and resale value be damned. Panerai is it’s own force of a watch and style. A Panerai will call/speak to you as much as any other brand if you identify with it. I am pretty sure he could afford or get any Rolex he wanted with one phone call but……
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25 October 2022, 11:05 AM | #21 |
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Is any mechanical wristwatch "relevant" in 2022?
The fact that your initial concern seems to be about retained value would indicate you're more concerned with something's ROI than the item itself Also, the fact that you (and many, many others) are currently on the waitlist for a DJ is the sole reason for the implied value retention the Rolex brand currently offers. If you were able to walk into an AD and walk out with any Rolex model you wanted, I'm confident they'd depreciate like any other mid-tier luxury good
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26 October 2022, 12:51 AM | #22 |
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Panerai and Rolex can both have a place in any modern collection. Personally I came late to start appreciating Panerai but I feel these watches are so much more distinctive and have so much more character than a run of the mill Rolex. You just have to be okay with the size!
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26 October 2022, 07:38 AM | #23 |
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I’ve owned both brands. I’d purchase a Panerai over an Omega any day unless it was an Ed White. Love historic Panerai models. And the 233.
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26 October 2022, 08:00 AM | #24 | |
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On this topic, I kind of miss my 312 at times. Just a basic, solid PAM to have in the arsenal for some days. |
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26 October 2022, 09:49 AM | #25 |
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I'm currently considering a pam1370 and a pam0683. I don't give a hoot about resale value. I want them because I like them. There different. They will be just fine next to all my GS's and a Rolex.
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26 October 2022, 06:20 PM | #26 |
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Panerai is character and uniqueness. And I’d say they can take a beating compared to some other brands. My experience.
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26 October 2022, 09:27 PM | #27 |
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I love Panerai, but I hate the direction it is going. 44mm on a 7in wrist should not look out of place. Panerai is supposed to look large on the wrist relative to any other watch. I think older model Panerais have a place in a well rounded collection. I would never tell anyone to buy a new Panerai from the boutique and pay full price.
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27 October 2022, 01:29 PM | #28 | |
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27 October 2022, 03:17 PM | #29 |
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I'd argue a 20%-40% discount when buying Grey/Pre Owned is better than the warm fuzzy feeling you get buying new, but thats just me
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28 October 2022, 03:30 AM | #30 |
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For the life of me i cannot understand these posts. Why do you even care what other people are wearing, criticizing their clothing and watches they wear. Oh, wait, now I get it, you want to publicly criticize Panerai wearers and those that wear certain clothes in a certain fit. Sorry about that. What a great post! My humble apologies. And that is great that you get to strut around wearing a watch with the word Rolex on it! Bully for you!
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