Value of pre-owned Panerai watches in 2021
Value of Panerai watches in 2021
Wondering what the value of pre-owned Panerai watches in 2021 is going to be like? For a genuine perspective, in 1935, Panerai began working with Rolex to develop professional dive watches for the Royal Italian Navy. The result of this partnership was the first official Panerai timepiece. This big wristwatch came equipped with the same luminous markings and cushion-shaped case as the original prototype. Another notable feature of the watch was the water-resistant Rolex movement, how it moved and the features it sported. The Panerai proved to be essential for Regia Marina divers who needed a reliable tool for measuring time and distance underwater for extended periods.
The Frogmen of the Italian Navy who manned Slow Moving Torpedoes to their designated targets during covert night missions also found the Panerai to be an indispensable tool, and perhaps this piece of masterful manufacturing is why the value of pre-owned Panerai watches in 2021 is rising.
From Rags to Riches | Value of Pre-Owned Panerai Watches in 2021
During the next decade, Panerai continued to work on refining this luminous technology. In 1949, they patented a new and improved luminous substance called Luminor. With this innovation came a new model, aptly named the Luminor. The first Luminor had a similar look to the Radiomir. It featured a cushion-shaped case, crown-protecting bridge, and flatter, wider bezel. By 1956, Panerai had filed the patent for the now iconic crown-protecting bridge that first appeared on the Luminor. The bridge has become a signature detail for both the Luminor model and the Panerai brand.
Panerai Watches
1972 marked a year of great transition for Panerai. After remaining a family business for over a century, engineer Dino Zei took over the company. He ushered the brand through the Quartz Crisis by going back to its roots and classic models. Just before the twenty-first century, Panerai changed hands yet again. The Richemont Group acquired the brand in 1997. This ultimately gave Panerai access to a larger network for development, production, and distribution. For instance, it helped the brand gain the resources to create their first in-house movement in 2005: the P.2001. This hand-wound caliber came equipped with a GMT function and an eight-day power reserve. Since this expansion, the Panerai name has become synonymous with Italian luxury watches. Today, the brand continues to push the bounds of innovation by experimenting with new materials, and the value of pre-owned Panerai watches in 2021 looks like it’s going up.
In the case of a genuine Panerai timepiece, there’s some serious money to be made if you’re looking to sell, and at the same time, if bought, the wristwatch will be a great value-for-money investment given how rare and immaculate it is.
Panerai watches are the perfect mix between Italian design and Swiss technology, and Gray & Sons offers the best deals for customers who’re looking to buy. If you’re on the seller’s side, Sell Us Your Jewelry offers some of the best rates in the market if the watch is in impeccable condition.