Here at the SecondhHander, we realize there are many other sites reviewing watches (and doing a really good job of it). So we thought take a different approach by reviewing watches through the lens of the used watch market. We’ll tell you how a watch is trending, if it’s being offered at a good value, and what price targets you can expect. We hope you enjoy!
If there ever was a brand whose products are all over the map in terms of pricing, it’s Panerai. And the 292 is no exception. The PAM292 is one of those watches that really hits a sweet spot of high brand pedigree with good value, if you’re patient. Let’s take a look at the Radiomir Black Ceramic Panerai PAM00292.
Introduced in 2007 in somewhat limited edition, the PAM292 is a black ceramic (not PVD) coated manual wind offering in the Radiomir line. Taking a look at the 292, all the telltale PAM signs are there: cushion case, large numbers with the classic font, clear hour markers, and obvious hands. It carries with it the venerable Panerai OP XI caliber hand wind movement as well.
In terms of styling, it’s classic Panerai, but I love that they opted for a black ceramic case instead of a PVD version. That’s not to say I don’t love PVD, but in 2007, major brands were really just starting to play with ceramic bezels and cases on a larger scale. And when you are trying to demand a price north of $10,000 in a competitive category, it’s wise to look for ways to use new techniques and materials.
Looking at the pricing for this watch is a fun one for those who like to geek out on secondary market values. This watch was originally a limited run, providing the always fun scenario of secondary pricing to exceed MSRP. If you managed to snag one of these in the first J series, you could immediately turn it for about a $2,500 profit.
Unsurprisingly, pricing eventually came back down to earth. But like almost all Panerai models, even a series that is 9 years old still demands a decent sum in the used space. SecondHander’s price guidance currently sits at around $6100. However, this model can be had for as much as $8000 and as low as $4800. We don’t normally see this type of variance for a given model in the used space.