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2 July 2013, 07:45 AM | #1 |
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So explain to me the price diffs between 372 and 422
MSRP 372 $10,400
MSRP 422 $11,200 Both have a quantity of 2,000 units/year, the 372 has obviously been out a year longer. The additional $800 gets you a small second hand, PR indicator and a sapphire crystal. Now the used prices for a mint 372 is $7,250-$7,600 but the 422 seems to land around $9,800?! Can someone please explain this to me? |
2 July 2013, 07:47 AM | #2 |
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It all comes down to what people will pay, but the 422 would seem to be the better value?
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2 July 2013, 07:51 AM | #3 |
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The 422 is still relatively new (O + P serials) whereas the 372 has been out since N serials. I thought the 372 was 3500 units per serial?
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2 July 2013, 08:59 AM | #4 |
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2 July 2013, 09:19 AM | #5 |
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372 is 3500 units for N series, 2500 units for O series and 3000 units for the current P series.
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2 July 2013, 07:57 AM | #6 |
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Is there no additional cosc involved with the ss hand? Like the historics?
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2 July 2013, 07:58 AM | #7 |
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I think a lot of people bought a 372 to make money and not because they wanted to wear it ... The daytona effect. They hoped the model would be discontinued and a buck could be made .... Now it did not happen and these people are now selling ... The 422 is younger and was never so much a watch for speculation and profit hunters... IMHO
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2 July 2013, 09:00 AM | #8 | |
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Still, love both models, not sure the 422 is worth $2K-$2.5K extra at this point though. |
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3 July 2013, 02:56 AM | #9 | |
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3 July 2013, 03:48 AM | #10 |
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2 July 2013, 08:07 AM | #11 |
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Not sure Patrick....both nice IMHO. The 372 more tied to vintage 6152-1 look to me and thus more my style. I like the 422 as well but for the money 372 it is.
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2 July 2013, 08:47 AM | #12 |
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Wait another year and 422 would be around 8K ... Just the way it goes !! It is already going down to 9k or so ...
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2 July 2013, 09:01 AM | #13 |
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2 July 2013, 09:17 AM | #14 |
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2 July 2013, 09:49 AM | #15 |
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You never really know. The market is crazy. If they stop making it next year, so is it still $9k? Or the new models don't look nice/appeal to Pam's Fans. Then it's gonna go up again as 372. Last year, 372's price market is lower than this year after the Pam's fans wanna go to the historic looking watch and don't care much how big it is these days! and same as 233 dot dial model has the same value as the new am/pm 233 dial??? How come? you will never know
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2 July 2013, 09:51 AM | #16 |
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422 prices will surely drop a bit with time.
I believe it's just a matter of the 372 being out a year longer. |
2 July 2013, 02:49 PM | #17 |
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422 has two additional complications and the sapphire crystal must cost more than the plexiglas so the higher price seems justified to me (if you are interested in those features)
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2 July 2013, 06:56 PM | #18 |
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nothing against the 372, i really like it, and am totally convinced especially thanks to mike's photo thread. but, as for "value", it's a niche watch....big, two hands, manual, plexi. there probably are too many out there to maintain a high value, but, it's still doing well, and everyone who wants one can get one, so, that's great. we can't have it both ways with panerai, it seems. but, that all being said, we are not in omega or breitling depreciation territory, either.
the 422 has a couple details that make it more of a generalist (sapphire, power reserve indicator, seconds hand) and it's newer, so, it seems to be holding its value better....for now. |
2 July 2013, 10:42 PM | #19 | |
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3 July 2013, 01:25 AM | #20 | |
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However 127 prices seem to be lagging. Maybe due to easing of demand due to 372/422 purchases or perhaps speculation (really 'when' not 'if' IMO) that Panerai will release an in-house version. |
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3 July 2013, 02:05 AM | #21 | |
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I don't have a crystal ball, but just imagine if Panerai offers a 44mm equivalent at an upcoming SIHH. Of course, it won't be true to the vintage Panerais, but I imagine there would be more than a few 372 owners who would switch due to the size. Just my 2 cents. As always, the most important thing is to get what you want! |
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3 July 2013, 02:03 AM | #22 |
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Look at the diff between a 5711 and a 5712 patek!
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3 July 2013, 07:04 AM | #23 |
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Are you talking new or used?
They are surprisingly different, aside from the complications, they also have different movements.
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3 July 2013, 09:46 AM | #24 | |
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422, you get a second hand and a PR. I see your point on used however.
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3 July 2013, 10:37 AM | #25 | |
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Also have to consider the movements, the 5712/240 : has a micro rotor & seems to be a finer movement? vs 5711/324 But what i was curious about was do you think there is a similar disparity in after sales valuation
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3 July 2013, 11:19 AM | #26 | |
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Same as the OP that the 422 is so much more that the 372.
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3 July 2013, 02:11 AM | #27 |
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Here's what is amazing. When you talk about production numbers for Panerai, they remain relatively small globally. So discusssion about there being too many 372's out there makes no sense to me. They are simply available to a smaller market. How many non-Panerai fanatics want a manual wind, faux patinaed, no date, plexiglass watch? Gimme a break. The piece, like the 422 was NEVER held out to be a limited production so those who bought on speculation paid the price.
Panerai is also at a price point where they will hard pressed to continue to raise their prices as Rolex does. Rolex makes thousands more of every model each year. Panerai in comparison is a cup of water in a swimming pool. I am not at all pleased with the drop in price for my 422 as I paid full retail to have one of the first out there. I love the watch and have no intention of getting rid of it but if I did or had to, I doubt I will ever break even on my purchase. The one thing I will say for Rolex is that they hold their value on most models (sports) very, very well. To stay on topic, I think the 422 is a better choice than the 372 and I don't subscribe to the purist chatter about plexi and super simplicity. The 372 is a Paneristi's almost perfect timepiece. The 422 IMHO brings more to the table without sacrificing that beloved DNA. Walk into any Panerai boutique and the giant clock on the wall is a Luminor Marina. That's pure enough for me. Overall, save for a few very limited pieces, I don't expect Panerai to hold its value well in the future. Oh well. But, you never know. |
3 July 2013, 02:22 AM | #28 |
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I was offered a 423 (MSRP $11,300) BNIB for $9,875 so I took it. I have a 176 so I already have a 2 hand, and I like the PR on the front. I'm not a plexi fan, and I have only myself to please, no one else. I personally never buy a watch with what the resale market may be.
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3 July 2013, 02:46 AM | #29 | |
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3 July 2013, 02:51 AM | #30 |
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Yes, I agree I feel pleasure when I look at my "D" SD is likely worth more on the used market than I paid for it.
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