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teo · 17 April 2008, 04:15 AM

If you think recent price increase in Rolex has made it expensive but wait what about Panerai? The price increase for Panerai is even more, I think it's crazy. ETA movement and leather strap Panerai cost more than a Rolex???

frostie · 17 April 2008, 04:18 AM

Well demand drives the market and it drives the prices too

I am not amazed that much at what happens with panerai watches not to mention that panerai watches are really trendy

JJ Irani · 17 April 2008, 04:18 AM

Quote:

Originally Posted by teo

ETA movement and leather strap Panerai cost more than a Rolex???

Bloody ridiculous, ain't it?

Get yourself a Rolex!!

CoopJr · 17 April 2008, 04:28 AM

Quote:

Originally Posted by JJ Irani

Bloody ridiculous, ain't it?

Get yourself a Rolex!!

Here Here!!

neilgader · 17 April 2008, 04:34 AM

So how much are they?? Could you list a comparison?

mfer · 17 April 2008, 04:57 AM

Quote:

Originally Posted by neilgader

So how much are they?? Could you list a comparison?

Panerai's are all over the board depending on if it is a limited addition or not. Prices are similar to Rolex, but a little more for what you get. They are very stylish, yet classic. They have their own design and that is what you are paying for! I think they only make like 50,000 pieces a year as compared with Rolex's 1,000,000 pieces per year

A Panerai GMT (88) on leather is about $6700 new.
same on on a Ti/Steel bracelet, old sytle (161) is about $9100 new.
A Panerai Sub (24) on rubber is about $6,300 new.
A Panerai Chrono (250) on leather is about $8,100 new.

Those are just a few (as there are many, many, many). Make it a limited edition (small batch count, different colors) and the price skyrockets!!!!!!!!!!!

Those are all MSRP prices. If you buy from an AD, that is most likely what you'll pay. There is a BIG Grey market on them that will save you a few hundred bucks. They hold their value very well on the used market on par with Rolex. Hope this helps.

mfer · 17 April 2008, 04:59 AM

Forgot to mention it. The thing I don't like about them is that they are fairly easy to fake. They have ETA movements and the cases are very simple. I have seen models from HK that experts cannot distinguish as fakes. These fakes are only about $800!!!!

SPACE-DWELLER · 17 April 2008, 05:02 AM

My favourite Panerai is the ten day power reserve GMT. Wow, that watch is stunning! AND expensive!

Scarface · 17 April 2008, 05:20 AM

Very funny...but these price increases increase demand...

frostie · 17 April 2008, 05:22 AM

Quote:

Originally Posted by Scarface

Very funny...but these price increases increase demand...

True

Scarface · 17 April 2008, 05:38 AM

In economics this phenomenon is called "Veblen effect".

mfer · 17 April 2008, 05:41 AM

Quote:

Originally Posted by Scarface

In economics this phenomenon is called "Veblen effect".

I know a guy who had his own business and he was soooooo busy. He had to do something to slow down. He decided to dramatically increase the rate at which he charged for his business. He told me a year later, the worst thing possible happened.......... They grew!!!!!!!

PeteS · 17 April 2008, 05:42 AM

But I think the prices are waaaaay out of whack for what you get. The historic (entry) models are between 4k and 4.5k...not too bad for a cool manual wind with history. However, the recent price increases are crazy IMHO!

f16570 · 17 April 2008, 06:20 AM

Nice watches, but no wat I would part with that kind of money for a watch the had a shared ETA movement.

mfer · 17 April 2008, 06:24 AM

Quote:

Originally Posted by f16570

Nice watches, but no wat I would part with that kind of money for a watch the had a shared ETA movement.

Yup, hence the fakes that the experts can't even distinguish!

daveathall · 17 April 2008, 06:34 AM

Sold my Panerai and bought a Sea Dweller, dont miss the Pam, love and would not sell my SD.

neilgader · 17 April 2008, 07:10 AM

Quote:

Originally Posted by SPACE-DWELLER

My favourite Panerai is the ten day power reserve GMT. Wow, that watch is stunning! AND expensive!

Bo,
How do they attain that kind of reserve?

Eee · 17 April 2008, 11:29 AM

Quote:

Originally Posted by SPACE-DWELLER

My favourite Panerai is the ten day power reserve GMT. Wow, that watch is stunning! AND expensive!

You should see that exact same watch with a blue dial! It's a unique piece, pink gold radiomir with a brown alligator strap and the dial in the most amazing deep, dark shade of blue you'll ever see! no offense to bluesy lovers out there

auctioned off for a mere 44k euros

BigHat · 17 April 2008, 11:35 AM

Quote:

Originally Posted by teo

If you think recent price increase in Rolex has made it expensive but wait what about Panerai? The price increase for Panerai is even more, I think it's crazy. ETA movement and leather strap Panerai cost more than a Rolex???

Why do you say ETA movement? In many cases Panny's have in-house movements (and bracelets): p2002, p2003, p2004. Soon all will have them. They had Rolex movements for a period too by the way.
Of course, if you don't like them or find them not worth the $ don't buy them, just represent them fairly.

BigHat · 17 April 2008, 11:37 AM

Quote:

Originally Posted by neilgader

Bo,
How do they attain that kind of reserve?

With a triple barrel main spring system.

etp095 · 17 April 2008, 11:37 AM

i'd like to get just the basic pam 0000,old price was $3600 new price $4100.that would be all for me,i'll see how the overtime goes this summer.

marshallr47 · 17 April 2008, 11:39 AM

Rolie all the way.

BigHat · 17 April 2008, 11:45 AM

Quote:

Originally Posted by marshallr47

Rolie all the way.

Yep, everything but Rolex is crap. Guess I should sell everything and buy a SS SD, then I'll know everything there is to know about watches. Welcome to the only irritating aspect of this forum.

fernando · 17 April 2008, 11:53 AM

Actually, the effect is called the "Chevis Regal" effect

MAINEZX10 · 17 April 2008, 11:54 AM

I own a few Rolexes, a couple of Cartiers,and I have to say that this is one of my favorites. Price increase was alot on this piece since I purchased it. Pam140

Paperbill · 17 April 2008, 12:08 PM

Quote:

Originally Posted by BigHat

Yep, everything but Rolex is crap. Guess I should sell everything and buy a SS SD, then I'll know everything there is to know about watches. Welcome to the only irritating aspect of this forum.

Well it is a Rolex forum....lol, I feel your pain although I have had very nice comments regarding my Omega's.

PeteS · 17 April 2008, 12:11 PM

Quote:

Originally Posted by MAINEZX10

I own a few Rolexes, a couple of Cartiers,and I have to say that this is one of my favorites. Price increase was alot on this piece since I purchased it. Pam140

Nice PAM!

BigHat · 17 April 2008, 12:17 PM

Quote:

Originally Posted by Paperbill

Well it is a Rolex forum....lol, I feel your pain although I have had very nice comments regarding my Omega's.

Yes, you are right in that respect and I sincerely love this site and most of those that contribute. Maybe having a bad day, but suffering fools poorly in any event.
I truly find it hard to understand why someone can fall in love with Rolex and actively become hostile to other brands, but you see people who have little knowledge of watches do it here EVERY day.
I will cease the negativity as I know it adds nothing to the discourse and won't change a thing here. Wow, that Sub is the ultimate watch !!! Amazing that your watch lost a half second in a decade. Congrats, you got a winner but that's easily accomplished by Rolex.

Better?

Out of my system now.

teo · 17 April 2008, 12:25 PM

Its a discussion hope it didn't offend anyone here.

BigHat · 17 April 2008, 12:30 PM

Quote:

Originally Posted by teo

Its a discussion hope it didn't offend anyone here.

We're cool.
But why the comment about ETA when that's not the complete picture on Panny? Do you know Panny has been making in-house movements for a few years?
All of the watches we discuss, to include Rolex, are priced as luxury goods and hard to justify if you don't love them.

17 April 2008, 04:15 AM	#1
teo "TRF" Member Join Date: Aug 2007 Location: amk Posts: 792	If you think rolex is expensive what about panerai? If you think recent price increase in Rolex has made it expensive but wait what about Panerai? The price increase for Panerai is even more, I think it's crazy. ETA movement and leather strap Panerai cost more than a Rolex???

17 April 2008, 04:18 AM	#2
frostie 1,000,000th PostMember Join Date: Jun 2007 Location: Earth Posts: 14,048	Well demand drives the market and it drives the prices too I am not amazed that much at what happens with panerai watches not to mention that panerai watches are really trendy __________________ GMT - Master II C - 116710 LN

17 April 2008, 04:59 AM	#7
mfer "TRF" Member Join Date: Mar 2007 Real Name: Mik Location: USA Posts: 13,724	Forgot to mention it. The thing I don't like about them is that they are fairly easy to fake. They have ETA movements and the cases are very simple. I have seen models from HK that experts cannot distinguish as fakes. These fakes are only about $800!!!! __________________ member#3242

17 April 2008, 05:02 AM	#8
SPACE-DWELLER "TRF" Member Join Date: Apr 2007 Real Name: Bo Location: Denmark Watch: Rolex, of course! Posts: 22,436	My favourite Panerai is the ten day power reserve GMT. Wow, that watch is stunning! AND expensive! __________________ With kind regards, Bo LocTite 221: The Taming Of The Screw...

17 April 2008, 05:20 AM	#9
Scarface "TRF" Member Join Date: Dec 2007 Real Name: Minas Location: London UK Watch: Rolex , Omega Posts: 1,370	Very funny...but these price increases increase demand... __________________ *Rolex* Oyster Perpetual GMT-Master ll *Rolex* Oyster Perpetual Datejust *Omega* Seamaster Professional Chronograph

17 April 2008, 04:34 AM	#5
neilgader "TRF" Member Join Date: Jan 2008 Real Name: Neil Gader Location: Studio City Watch: Rolex 1680 Red Sub Posts: 153	So how much are they?? Could you list a comparison?

17 April 2008, 05:38 AM	#11
Scarface "TRF" Member Join Date: Dec 2007 Real Name: Minas Location: London UK Watch: Rolex , Omega Posts: 1,370	In economics this phenomenon is called "Veblen effect". __________________ *Rolex* Oyster Perpetual GMT-Master ll *Rolex* Oyster Perpetual Datejust *Omega* Seamaster Professional Chronograph

17 April 2008, 05:42 AM	#13
PeteS "TRF" Member Join Date: Jun 2007 Location: Orange County, CA Posts: 89	I'm a admitted PAM Fan... But I think the prices are waaaaay out of whack for what you get. The historic (entry) models are between 4k and 4.5k...not too bad for a cool manual wind with history. However, the recent price increases are crazy IMHO!

17 April 2008, 06:20 AM	#14
f16570 "TRF" Member Join Date: Jan 2007 Real Name: F Location: Scotland Watch: Exp II White Face Posts: 4,272	Nice watches, but no wat I would part with that kind of money for a watch the had a shared ETA movement. __________________ Why have what's new when you have what's best. f

17 April 2008, 06:34 AM	#16
daveathall "TRF" Member Join Date: Dec 2007 Real Name: Dave Location: England. Watch: Various Posts: 7,305	Sold my Panerai and bought a Sea Dweller, dont miss the Pam, love and would not sell my SD. __________________ KINDEST REGARDS DAVE

17 April 2008, 11:37 AM	#21
etp095 "TRF" Member Join Date: Jan 2008 Real Name: rudolph Location: chicago burbs Posts: 2,026	i'd like to get just the basic pam 0000,old price was $3600 new price $4100.that would be all for me,i'll see how the overtime goes this summer. __________________ tt date circa 69' 5513 circa 81' ss sub w/date (z) pepsi gmt for dad(D) polar expy II(z) 1675 gmt circa 68' ladies datejust on jubilee for mom (z) sea dweller16600(M) SS Sub-C(g) Omega Planet Ocean,45.5 on mesh(2500D)

17 April 2008, 11:39 AM	#22
marshallr47 "TRF" Member Join Date: Oct 2006 Real Name: Ron Location: Alabama Watch: Daytona,TT Sub,GMT Posts: 4,673	Rolie all the way. __________________ Ron

17 April 2008, 11:53 AM	#24
fernando Member Join Date: Dec 2007 Location: NH Posts: 31	Actually, the effect is called the "Chevis Regal" effect

17 April 2008, 11:54 AM	#25
MAINEZX10 "TRF" Member Join Date: Mar 2008 Location: MASSACHUSETTS Posts: 896	I own a few Rolexes, a couple of Cartiers,and I have to say that this is one of my favorites. Price increase was alot on this piece since I purchased it. Pam140

17 April 2008, 12:25 PM	#29
teo "TRF" Member Join Date: Aug 2007 Location: amk Posts: 792	Its a discussion hope it didn't offend anyone here.

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