How to Value Officine Panerai Watches?
Officine Panerai watches are some of the most expensive timepieces on the market. This makes them a very popular choice for collectors. While this is great for anyone looking to buy a watch, it can also lead to problems if you want to sell one of these timepieces in the future. You must know how to value these watches in order to ensure that you get the most out of them.
Officine Panerai origins
Officine Panerai is a watch brand that was established in Florence, Italy in 1860. In its early days, the company was a small watchmaker’s shop. The founder, Giovanni Panerai, opened a school in Florence, where young students were taught how to make watches. He also sold Rolex watches.
In the early 20th century, the family began to specialize in manufacturing high-quality instruments for the Royal Italian Navy. They were also responsible for the procurement of instruments for top secret operations. After Giuseppe Panerai died without offspring, the business was passed down to his son. As the years passed, the company took on the name Orolegeria Svizzera.
A few years after the company was established, the Italian Navy approached Panerai to design a watch that would keep time for frogman commandos. To satisfy their needs, the company created the Radiomir watch.
The watch featured a cushion-shaped case, water-resistant strap, and hand-wound mechanical movement. It was designed to be worn over a diving suit. All the tests performed by the company were successful. This case is still used in today’s models.
During this period, the company created a new type of lugs that improved resistance to water. The lugs were created out of a single block of steel. Some of the later cases had wire lugs.
Officine Panerai’s new watches drew inspiration from the historical models created for the Italian Navy’s Underwater Commandos division. Their first collection for the general public was introduced in 1993. During that same year, Officine Panerai introduced their first in-house movement, the PAM600 Carillon Tourbillon Minute Repeater in Red Gold.
In 2005, Officine Panerai launched a new Manufacture to produce its own watches. The new collection included three collections: the Luminor, the Radiomir, and the Mare Nostrum. These collections incorporated ten total references.
The company eventually became part of the Richemont Group. They are still considered to be one of the most desirable vintage watches on the market. Many of these pieces are worth over 100,000 euros. If you’re a collector, you should visit the company’s boutique in Florence.
Officine Panerai four distinct ranges
Officine Panerai is one of the most renowned luxury watchmakers in the world. The company produces high-quality timepieces and combines Italian design and Swiss horological expertise. Its history is rooted in sea world. For many years, the Panerai family supplied precision instruments for the Italian Navy. However, in 1992, the company branched out into the civil watch market. Today, Panerai offers more than 100 watches to choose from, with a range of movements, complications, and case sizes.
In addition to its traditional Luminor family, the brand also offers a Submersible line. Each timepiece features a crown-protection bridge and dress-watch water resistance. They are distinguished by black dials, excellent lume, and the OP logo.
Officine Panerai has recently launched three new in-house movements. These movements are named P.4000, P.9000, and P.2006. Their lugs are made from the same block as the case.
After developing several specialized movements, the brand has decided to launch a new case design with its P.4000/10 in-house movement. This case is inspired by the iconic Luminor of the 1950s.
The Luminor 1950 is the first watch to include a moon phase indication. A re-edition of the famous 1956 model has also been released. Another highlight of the collection is the Lo Scienziato-Luminor Tourbillon GMT, which features a 3D-printed Titanium case.
One of the most popular Panerai models is the Luminor. Although it may be considered to be the most basic watch in the brand’s collection, it comes with a two-hand time telling mechanism and in-house movement. There are several models with varying complications and dial colors to choose from.
Despite its entry-level status, the Luminor family of timepieces has gained popularity. To date, there are 150 Luminor models available in the Panerai catalog. The Luminor Due collection includes the Piccolo Due, a smaller 38mm timepiece. Both models are available in steel and Goldtech gold alloy.
As with most luxury watches, Panerai has a wide variety of cases to choose from. Several of the larger models feature stainless steel, while the smallest Panerai is the Piccolo Due.
Officine Panerai Complications
Officine Panerai is a luxury watchmaker based in Neuchatel, Switzerland. It has a long history of producing high-quality timepieces. These are made with Swiss horological expertise and Italian design flair. In addition, they use materials that are unique to the watch industry.
The company was founded by Giovanni Panerai in 1860 in Florence. His grandson Guido took over the business when the century came to a close. After Guido’s son Guiseppe died in 1972, the company went into a slow decline. But in 1997, the Richemont Group purchased the brand and transformed it into a sporty luxury watchmaker.
Today, the brand offers a wide range of complications. Some are basic, such as a time-and-date model, while others can be as complicated as a flyback chronograph or a tourbillon. Depending on the model, the complications can add as much as six figures to the price tag.
One of the first models in the brand’s catalogue is the Luminor. This timepiece is the most popular, with its incredibly accessible design and left-handed crown.
It was developed to keep time for frogmen commandos. The design also features a revolving bezel with a scale for measuring the length of immersion.
Another popular model is the Radiomir. It has a cushion-shaped case. However, the case is prone to wear and tear and the winding crowns aren’t as tight as they should be. So Panerai worked to create a new design.
Other innovations include the use of integrated lugs with spring bars, a Perspex crystal, and a signature crown-protecting device. A variety of calibers are produced in-house, including the OP I hand-wound movement that beats at 21,600 vph. There are also 10-day power reserve versions.
Officine Panerai is wholly owned by the Richemont Group, a Switzerland-based luxury goods holding company. Originally, it supplied the Royal Italian Navy with precision instruments.
Panerai watches are built with a strong design ethic. They are available with a variety of complications, such as a flyback chronograph, a power reserve indicator, or a dual-time zone display.
If you are looking for a big, sexy watch, check out the PAM 432. This 47mm watch features a flyback chronograph, luminescent lume, and a power reserve indicator.
Officine Panerai resale value
Officine Panerai is a renowned Italian luxury watchmaker. They are known for producing robust timepieces. In addition to their timepieces, they also manufacture military equipment. Some of their models include chronographs and tourbillons.
Since the late 1990s, Panerai has expanded its offerings to civilians. For the first time, they have created a line of timepieces that are geared towards the public. These timepieces include the Luminor, Radiomir, and Mare Nostrum. Each model has a variety of complications. However, most of the watches are just time-and-date watches.
During the early days of Panerai, they only produced watches for the military. It may have been a move to avoid any association with the pro-German fascist regime. This is a factor that can affect the resale value of the watches.
In the 1990s, the Richemont Group acquired Panerai and brought the brand to the international market. They have since developed their own in-house movements.
One of the most desirable Panerai watches is the PAM00920. This model is equipped with a hand-wound P.2005/GLS calibre. The movement beats at 18,800 bph. A Glucydur balance and Incabloc anti-shock device are also featured in the watch.
Another popular piece is the PAM00399, which has an 18K rose gold case and a dial made from titanium. The watch costs $41,000 brand new. But pre-owned models can be purchased for only $22,500.
Some collectors are focusing on Panerai’s Radiomir 1940 limited-edition models. Each model has only 100 pieces in the entire collection. And the prices are high.
There is also a new Panerai timepiece that is available in 2016. It is the PAM00578. This model features a skeletal design. At the same time, it comes with a 3-day power reserve.
When choosing a Panerai watch, make sure to pick a model that has a screwdriver, pushpin, and a changeable strap. Also, check the box for any additional items that are needed.
The resale value of Panerai watches depends on their popularity and the condition of the watch’s dial. Vintage Panerai watches can fetch very high prices at auction.