WatchProSite|Market|Digest
WatchProSite|Market|Digest

Officine Panerai

I bag to differ.....

 

Hiii,....guys I am new to Panerai but I have spoken to several ppl in the watch industry and fellow collectors. I have a friend who works with Richemont, it seems that sales for Cartier and Panerai has gone up aspecially Cartier.  2008 Annual Report Sales of Richemont Specialist watchmakers namely A. lange, Piaget, JLC, Vachron, Panerai, IWC and Baume & Mercier went up from 1203 million Euro to 1378 million Euro. As my fellow collectors friend told me tht historiclly ppl with wealth or money tend to invest in watches when there is an economic down turn or economic slowdown because watches like Rolex, Patek, AP, FP Journe, Lange and the new red hot Panerai hold their value and some appreciates. It is also true watch prices do not fluctuate as much as stock.

The big question is do we buy collect watches because we like it due to its fine craftmanship and aesthetic value or Investment ? I know some collectors collect watches in two categories 1) for its craftmenship & aesthetic value 2) for investment. Some collectors do wear their watch and some keep it in safe. I know some collectors collect over 50 watches, they love the watch so much tht they do not wear them. Some collectors buy watches to be kept in safe & sells them within 2 to 5 years but some buys them and flip it because they get the privillage to buy (limited production or limited editions) it first as they are close with AD. Some collectors sells their watches because they want to buy other watches this is great.

I collect watches because of its craftmanship, quality, and aesthetic value.

Cheers guys

Small watch collector

This message has been edited by GPUSA71_76 on 2008-09-16 18:37:58

  login to reply
Related Content
expand_more
A. Lange and SöhneBaume & MercierCartierF.P. JourneIWCJaeger LeCoultrePaneraiPiagetRolex
💰1853 Marketplace Listings for Rolex›
13 Comments view entire thread 

Does the current economic slowdown affect your appetite in purchasing more pam?

 
By: bmccaw : September 15th, 2008-00:19
As the global financial markets are collapsing everyday, given the target customer of Panerai are mainly professionals and entrepreneurs, would such environment affect the sales of Panerai? Or these customers simply start to pull back and become less self... 

Not totally true

 
By: amanico : September 15th, 2008-02:19
It depends on what Panerai will offer in a very next future... I really think that whatever is the Economical cirucmstances, if Panerai releases a 47mm base Luminor, you can be sure that they will go, crisis or not, in a very short time. That's only my op... 

my logic is slightly different -

 
By: Asimut : September 15th, 2008-06:02
when economic situation is slow, crime level goes up. with crime level up, you will have even more watches not bad news for everyone Asi

Investment Banks, Insurance, Commercial Banks..... going belly up....

 
By: bmccaw : September 15th, 2008-10:01
I wonder when most of the US financial institutions are going belly up and still can't resolve the crisis.... maybe people will need more pams? As money is really useless... its better to keep something tangible then the money in your account.

Depends....

 
By: ed : September 15th, 2008-11:39
a 203 at the fair and right price will still get a thousand dibs, that I can bet on cheers

I believe the economy will affect Panerai sales...

 
By: Krieng : September 16th, 2008-21:33
only in the simple pieces for beginners but not for the special models such as 309 or 322. I'm with Nicolas....if Panerai launch some new models with 47mm, 1950 case, base model, either ceramic or steel case...I'm sure they will be all GONE in a very very...