Latest Vintage Piece

2019 Panerai Radiomir 1940 3-Days 42mm PAM00575 18 karat rose gold. $16,000.00 CAD. 501-00395.

Get yourself a gold watch while the prices are still cheap. We feel this statement accurately reflects the current market prices of luxury gold watches, especially used and vintage watches. Consider the simple fact that basic commodity cost of raw gold has tripled over the last 6 years, but the retail pricing of most brands has risen only by around 50% on gold watches. Take for example the classic Rolex Day-Date 36 128238. In 2019 the retail price was $36,250.00 CAD; today the same watch cost $56,750.00 CAD. During the same time period (2019-2025) the price of gold has exploded from $1,800.00 per ounce CAD to over $5,600.00 per ounce. It is of our opinion that manufacturers will accelerate price increases on gold watches until they better reflect current commodity costs. Another scenario that makes sense would be to increase the production of stainless steel models and and slow down the production of gold watches, lessening the impact to the bottom line or maybe even stop making gold watches all together. Whatever happens, one thing is for sure, we are seeing fewer and fewer solid gold watches pass through our estate department. Our latest gold watch is this beautiful Panerai Radiomir 1940 3-Days reference PAM00575 crafted from 18 karat rose gold. This model was introduced around 8 years ago and came with a USD retail price of $18,100.00. Most Panerai we see are very large, very thick, and make a bold statement. While the 18 karat rose gold Radiomir isn’t small at 42mm, the thin 11.5mm profile and short lugs make for an easy the wear watch. Not a true sports watch yet not exactly a dress watch either with an instantly recognizable Panerai face that is all function. A matte black sandwich dial with oversized Arabic 12,3,6, large hash mark hour indexes, all treated to some of brightest luminova you’re going to encounter. The Panerai “Sandwich” dial is a unique detail that gives many of their watches a special look with a practical advantage. An exquisitely pierced dial is layered on top of a luminous disc that glows from the bottom. This layered manufacturing technique allows maximum luminous properties without a large surface applied frame to stabilize the delicate glowing material. In the daylight this makes the hour markers appear sunken below the dial surface. In the dark the hour markers explode in a luminous display that is much brighter than you’d expect given the actual area of luminous material. Powering the Radiomir is a proprietary in-house manufactured 21 jewel hand wind mechanism. When fully wound this beautiful movement can power the watch for 3 full days. Many of the 152 components used in calibre P.1000 are visible through the case back display window. This movement measures less than 4mm in thickness and features an unusual fly-back hacking seconds hand. When the threaded crown is pulled out fully into the setting position the small subsidiary seconds hand at 9:00 o’clock instantly flies back to the 60 seconds position. This is a thoughtful detail for synchronizing the time with an audible time signal. This watch was delivered in Canada for an authorized Panerai agent in the late 2019 and comes complete with all of the original packaging, documents and endorsed warranty card. It has hardly been worn, never polished, and looks like new old stock. The top grade black crocodile strap is blemish free and shows no evidence of use. Attached to the strap is a signed Panerai 18 karat rose gold buckle that is secured with a threaded screw. The watch is running great and keeping excellent time. There is definitely something special about the wearing experience of a gold watch. The added density of 18 karat convey a genuine feeling of luxury. The gross weight of the watch including the strap is a significant 100 grams. We are happy to provide the next owner with a no charge 1-year warranty. If the price of gold continues to rise it’s just a matter of time before production costs will result in retail pricing almost no one can afford; and those who can, they may refuse to purchase because the perceived value may be difficult to identify. $16,000.00 is quite a bit of money, but priced by the gram this gold watch and many other solid gold watches offer some genuine value. Get em while you still can. Stock #501-00395.

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