10 years ago this might have been acceptable but today I think it's unfair to call Panerai a fashion brand.
To answer your and Dje his question ... YES Panerai belongs to the top watch brands.
No way I would compare it wit a Patek , Lange, VC or similar brands but imo they do belong in the IWC / JLC / GP / UN / ... category
With 8 inhouse movements we can't be talking about a fashion brand. They still use quite a lot modified ETA movements but I think it's safe to say that they will go for 100% inhouse sooner or later
That PAM318 was a mistake. We don't know why that happened.
But since 1993 they made more than 500.000 good, nice, reliable and well decorated movements ( both inhouse and modified èbauches) , Now, would you question their reputation because of these 150 ? We're talking about a 0.003% deviation
with you. I also do not believe Panerai (at its present stage) can aspire to be inserted in the echelons of horology. But I also belive that Panerai is more a...state of mind...than a precision's tool. More of an historical reference than a horological one. I also believe that Richemont can and will bring Panerai forward and are justifed in planning to become part of the elite. As for the 318 fiasco, far from condoning it, I personally don't care much and I don't think that will affect the grassroots Panerai's followers nor the cult status Panerai has always enjoied......
Cheers
I was searching for these posts to send them to you regarding your answer (Is there something wrong with the 318 ?)
then I found you on this post.
I'm a huge admirer of Panerai myself, but only a beginer my friend,
I'm am still learning about this singularities.
Best regards my friend and enjoy your Panerai on this Thanksgiving!
René
look at the norm specified by SHH
http://www.hautehorlogerie.org/en/fondation/about/manifesto/
http://www.hautehorlogerie.org/en/fondation/about/manifesto/product/
on the other hand when I see brands like Beaume & Mercier, Hermes, Van Cleef & Arpels, Chanel, Jean Richard, Bovet, TAG and a few others (all partners of FHH)
then I don't think Panerai has something to worry about ....
they are all member because they talk "business" not more not less
which doesn't mean I approve the 318 debacle of course !!!
on the subject of being a fashion watch, I do not agree, IMO they were trendsetters (without knowing it), look how many brands jumped on the bigger is better wagon, while Panerai had 44-47mm from the real beginning in the early 1940's
If you don't like Panerai for their history connected to the war, than we shouldn't drive Mercedes and Volkswagen either or wear the IWC 'grosse fliegeruhr' also , there are just to many examples of brands that had a connection to the past wars and that still are very popular today, so personnaly I don't care to much about that.
PANERAI is born as a military secret, it was born out
creative desire to ameliorate visibility and waterproofing at a time when those
issues were serious problems when time was needed under-water. 'G.P.F.' was a
creative and determined, he therefore succeeded to ameliorate the works of
Rolex for which the family was a renowned agent. First the dial 'Radiomir',
second the Dial 'Luminor' and in late 1940's the famous 'protecting device'
which was patented and registered only in 1950’s. Everything else
belonged to the true industry horology.
The rebirth of PANERAI instruments/tool watch started in the 80's, when one of
the contracted engineer 'AB' passionate and dedicated to military devices
wished Panerai to re-offer timing instruments to the Italian combat
units. With difficulties, he convinced management to allow some
researches and works. Based and driven by the foundation laid by 'G.P.F.' 40
years earlier, the first 2 timing instruments were prototyped, the root and the
spirit was the same, ameliorating and adapting existing works of the horology
industry for military purposes and use.
1990's, Due to PANERAI financial difficulties, the company decided and attempting
an entry into the civil arena, they re-specified the legendary watches of the
late 40's, outsourced and subcontracted the entire production. There was no new
inventions or adaptation, safe for the right tool size, which met a tremendous
success later or sort of forced most horology company to increase their
watch-cases.
All this is to say, PANERAI roots and spirit was never to be a manufacturer of
watches, their aim was to adapt and bring ameliorations to existing horological
works to serve military purposes and usage. What only mattered to PANERAI
was legibility and waterproofing, the rest, at all times they knew it was not
their business.
Since 1997, what we today see from PANERAI is market share, there are no
differences between PAM 318 and PAM 276, they are securely branded and giving time
in a chosen style, the rest is the works of others regardless how presented.
So does Panerai alone has its place, in my opinion you no
doubt answered it right; NO, regardless PAM 318's con
When you mentionned one of the contracted enginner " AB ", you spoke about Alessandro, not Angelo.
Thanks for this historical background, it is an important detail of the discussion.
Best,
Nicolas.
After all, hordes of aficionados were always clamouring, begging,queueing,paying crazy premiums for their basic models with a simple Unitas movements, albeit an LE perhaps. It was never about fine finishing as most regard it as a toolwatch with cult status, history and of course a lot of hype created by the 'brotherhood'. The talk with Panerai was always about dial colour, patina, hands, case configuration, pre-V or such and of course straps. Movements are seldom discussed.
So I guess Panerai misjudged the reaction when they presented the 318, thinking every one will be sold anyway because it's limited to 150 and may also provide another round for the flippers as well. With the powers of the internet and the fact that someone actually opened the caseback and unveiled a pic. of the movement, things began to turn sour and immediately damage control took effect with replacement movements being offered. I'm thinking not every one of these owners would be going for the replacement, as there is also the 'special and unique' factor to consider. He/She will be able to show the next generation the most authentic and 'untouched' movement in his very 'rare' Pam.
This IMO is just a small blip in the grand scheme of things and it will soon blow over. Not everyone is bothered by an 'unfinished' movement and after all, it's so much more than just a watch!
I have no axe to grind with Panerai or any watch brand. Just a personal opinion expressed in answer to Dje's question without critical intent.
Cheers
fernando
"If someone had not open the case-back, they would continue cheating?"
The watch was made 2.5 years ago, and this makes it imo strange. Like I said before, if they used that OP XXIX in 10.000 watches (41x, 366, 005, ...) than it would be a huge scandal. But why in only 150 pieces ? That doesn't make any difference to Panerai. Maybe they saved 15K.
I just can't imagine one good reason why they used that OP XXIX 2.5 years ago. If it were for cost cutting they would have used it several thousand times.
And today we can be 100% sure they will never try tis again. So what was it good for ? Nothing, on the contrary

1. How do you know there is no more than 150 pieces?
Because they did not cheat with the movement. It was unacceptable that they used the XXIX if you knew what a XXIX was. But look at all their references and the only PAM with the XXIX is the PAM318
2. With all their claimed controls, 150 pieces were checked for quality control and off to the market, claimed COSC certified?
the COSC certification alone is an enormous issue here, I am sure the COSC organisation would love to know and see those mouvements...
uhmmm, NO, they NEVER said the XXIX was COSC. Not 2.5 years ago when they offered it and not in the documents that come with the watch
3. How did they come to have 'those' movements in stock?
Don't understand you question but doesn't every movement OPI OPII OPX OPXI looks like this before they did their modifications ?
4. Are you sure you can be so sure, 100% it will not happen again?
No, I am not but since they are willing to replace all the XXIX and when you see how negative and how huge the reaction from collectors, paneristi and other watch enthusiasts was... wel I'm pretty sure they won't dare to make that mistake ever again

that my friend was published after all the 318 were sold
This is from the catalog (limited editions) printed in 2010 .... 318 were sold early 2009
The thing in the catalog is indeed wrong, probably a print error but in any case nobody bought the 318 in 2009 because of a print error in 2010.
This was the info you got if you were interested in 2009