Are Panerai Watches Worth the Money? - Blowers Jewellers (2024)

FAQs

Are Panerai Watches Worth the Money? - Blowers Jewellers? ›

There is no doubt that Panerai watches can be extremely expensive. But, as with most things, you are definitely getting what you pay for. The brand is synonymous with quality and is steeped in history and tradition.

With this military history behind the brand, Panerai is a unique and fascinating watchmaker that's well worth investing in thanks to its military history. Here are some models to watch out for in 2023.

Best Selling Panerai Models

These are the bestselling models that are high in demand. Their price depends on their condition and original price. A vintage Panerai model holds high market resale value. You can get a great Panerai watch price if you decide to sell it through our website.

The 202A is considered a holy grail of Panerai collecting and when we are hunting for the most expensive Panerai watches today, the 202A and 201A have to be in the conversation. Only 140 of these timepieces was created in 1993- 1994.

Panerai vs Omega: Value

Both brands offer excellent value for money, but it really comes down to what you're looking for in a watch. If you want a classic, masculine watch with a simple, bold design, and you're willing to pay a premium for exclusivity, then Panerai might be the way to go.

Panerai watches were created for the avid diver and adventure seeker that needs a watch that can keep up with the wearer's active life. A man that wears a Panerai watch is most likely active and not afraid to get a bit dirty. An OMEGA watch can also say a lot about a person.

Famous action stars such as Arnold Schwarzenegger, The Rock Dwayne Johnson have shown their love for Panerai watches. Besides, Panerai watches have been seen worn and beloved by singers, CEOs, and former presidents.

Panerai has models that are much more expensive than the IWC brand. The Panerai models sell double the market price compared to IWC. Despite being more expensive, Panerai proves to be a better brand. The brand prides itself on having a rich history with the Royal Italian Navy and producing high-quality dive watches.

How should I care for my Panerai? Read Close. We recommend maintenance every 2-3 years with a complete service every 4-5 years. For further detail, kindly contact the Concierge Service at +1 877-726-3724.

Will Panerai hold value? ›

Created in true Italian style, a Panerai watch retains value thanks to its larger-than-life look that truly captivates. The classic dials, for example, appeal to a large demographic and have helped the brand become an extremely popular investment option.

An Introduction to Vintage Watches

Panerai is of course well known for its military roots. But you don't get so see many of the original watches often. The vintage pieces are rare and the current price range of such pieces sadly places these watches outside of the possibilities of most collectors.

You can find Panerai watches on Chrono24 for as little as 4,000 or 4,500 USD. For that price, you can purchase a Radiomir Black Seal or Luminor Base Logo. Be sure to have between 5,400 and 6,500 USD on hand for a Luminor Marina. Models with a chronograph or second time zone change hands starting at around 6,800 USD.

Panerai is so expensive because it is a revered luxury brand. Panerai timepieces are created from quality materials and the company's offerings are also associated with reputable production methods. The brand's innovative watch designs have rendered Panerai a celebrated brand.

Watch Spotting Sylvester Stallone Wearing A Panerai Luminor 5218-201/a In 'Daylight' (1996)

Rolex does not own Panerai. Since 1997, Panerai has been part of the Richemont Group. This is a luxury goods conglomerate that owns other fine Swiss luxury brands such as Cartier and IWC. Rolex and Panerai did work in partnership together in the 1930s.

As a prestigious, historic, and well respected watch brand, Panerai offers a ton of value for those just getting into the watch market, experienced collectors and everyone in between.

Panerai originally created their iconic line of tool watches for the Italian Navy, not with more formal settings in mind. So can this military-inspired watch rise to the occasion for business-formal or casual dress? In a word, yes.

The design elements of a Panerai watch are highly distinctive. With unusually large crowns, a minimalist style of its dials, and a large case, Panerai watches are made to stand out while remaining understated and fashionable. Going out for a meal wearing a Panerai watch will be sure to turn heads.

Panerai has a fraction of Rolex's production - estimates range between 45,000 and 60,000 timepieces per year - and is just ramping up its in-house manufacturing capability.

What watch does Dwayne Johnson wear? ›

The Rock's collection includes a wide range of high-end timepieces from some of the most prestigious watch brands in the world. He is often seen wearing watches from Rolex, Panerai, and Audemars Piguet, among others. The watches in his collection feature a variety of styles, from classic and elegant to bold and sporty.

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The men who go for Panerai watches are most likely grown-up hipster boys, who used to roam around the big city on their skateboards doing all sorts of tricks (some of them perhaps still do).

Hublot has better resale value, where as Panerai has excellent collector value. Hublot is known more among watches circle, where are Panerai is very popular among watches Aficionado's. Hublot aesthetic is more bold & loud, while Panerai appeals to select lovers.

LUMINOR DUE 38MM

With a diameter of only 38 mm, the new Luminor Due 3 days automatic has the unmistakable Panerai design suitable for every wrist and situation. The Luminor Due is the thinnest and most versatile of Panerai's creations.

While the practical answer to this question is “Whenever you feel the need to replace your Panerai watch strap,” the reality is, in most cases, even an extremely well-made watch strap will likely need to be replaced after about five years or so.

If you have a watch that you are not wearing, be sure to wind it at least once a month.

They wear their large watches proudly, hoping some of Stallone's masculinity might rub off. While even the oldest of them remain hooked, Stallone has grown up horologically and is barely seen wearing Panerai in private anymore.

panerai.com's audience is 70.02% male and 29.98% female.

Giovanni Panerai (1825–1897) founded Officine Panerai in Florence, Italy in 1860. The company is headquartered in Geneva and manufactures watches in Neuchâtel, Switzerland using movements manufactured by Manufacture Horlogère ValFleurier.

What has happened to Panerai? ›

Officine Panerai — Since 1997

It's fair to say that the watch brand Panerai has existed since 1997 when the Firenze-based original Panerai company sold the name “Officine Panerai” and its remaining watch stock to Vendôme Luxury Group, which later dissolved into parent company Compagnie Financière Richemont AG.

Panerai Submersible GMT Navy SEALs PAM01323 for $12,500 for sale from a Trusted Seller on Chrono24.

Panerai watches are synonymous with special editions. Each year a handful are released in low editions from there own calibre movements to manual wind and valjoux movements. These watches are very limited and often pre bought by collectors fetching over list prices once they are sold 2nd hand.

“An authentic Panerai watch will feature a serial number (beginning with BB), a case number (beginning with OP) and a single letter and slashed number combination engraved on the caseback,” says Hoge. “The alphanumeric combination corresponds to the year of production, and to the total number of watches produced.

Watching Movies Martin Sheen Wears A Seiko Willard And Marlon Brando A Rolex GMT-Master in 'Apocalypse Now.

Panerai's luxury watch range offers not only true luxury but also practicality. Originally created to be used deep underwater, Panerai watches are known for their unparalleled durability as well as their unique and stunning designs. Explore our Panerai luxury watch range.

1993 marked the dawn of the modern era for Officine Panerai. Having assumed that name during the early Zei era, the one-time watchmaker realized that its military legacy could secure it a niche in the resurgent market for upscale mechanical watches.

Known for creating the “Italian Stallion” script for Rocky, in which he also became famous as the lead actor, Sly became the perfect spokesperson for the Italian watchmaker brand Panerai.

AISI 316L 1.4435 stainless steel is Officine Panerai's material par excellence since it is highly resistant to corrosion and is hypoallergenic, making it ideal for contact with the skin.

Panerai Luminor Marina Logo

The difference between the Luminor Base and Luminor Marina is the small running seconds hand, located at 9 o'clock. The Luminor Marina version has a retail price of €4900 including VAT. The hand-wound movement is the P. 6000, a hacking movement that ticks at 21,600vph.

What type of watch is the best investment? ›

The easy answer: Rolex, Patek Philippe, Audemars Piguet, and popular independents such as F.P. Journe and Akrivia. The vaguer answer: Watches of good investment value can be found across the full spectrum, from Swatch and Seiko to the upper echelons of masters like Philippe Dufour and Roger W. Smith, model dependent.

Thanks to over 150 years of innovation, rarity, and a unique brand name, Panerai watches have attracted attention from collectors around the globe. Among these collectors, there is a list of models that garner more adoration above all others. These include: Radiomir 1940 3 Days Automatic.

The best watch brands for investment are Rolex, Patek Philippe, and Audemars Piguet as they are prestigious, exclusive, high-quality brands. Watches by these brands often hold their value or appreciate in value over time. Their ongoing popularity, limited editions, and scarcity drive increasing prices.

Another reason why Panerai watches retain value is because of the level of enthusiasm the fanbase has for the brand. Panerai enthusiasts known as “Paneristi ” have conventions, meetups, and forums dedicated to the brand's history, collection, and creative innovation.

Rolex reigns supreme.

Next up is Omega, which retained its No. 2 spot, followed by Patek Philippe and Audemars Piguet. Retailer Watches of Switzerland recently placed Rolex, Patek Philippe, and Audemars Piguet watches in its “super high demand” category.

OMEGA Speedmaster, Patek Philippe Nautilus, Audemars Piguet Royal Oak, and Jaeger-LeCoultre Reverso are each icons of well established brands. This stability of a model within a stable brand brings more attention to the watch and the more people know a model the more it will retain the value.

Panerai is so expensive because it is a revered luxury brand. Panerai timepieces are created from quality materials and the company's offerings are also associated with reputable production methods. The brand's innovative watch designs have rendered Panerai a celebrated brand.

Rolex and Patek Philippe are generally considered to be the top most collectable luxury watch brands, and the most likely to hold and even appreciate in value over time due to brand recognition, exclusivity, complications, popularity and craftsmanship.

Which watch to buy under $1,000? ›