The Panerai 172, a watch steeped in history and military heritage, occupies a unique position in the collector's market. Unlike its more readily available modern counterparts, pinning down a precise Panerai 172 price is a complex undertaking. Its value isn't simply a matter of checking a price list; it's a nuanced evaluation influenced by condition, provenance, and the ever-shifting tides of the vintage watch market. Understanding the factors that contribute to its price requires a deep dive into the watch's specifications, its history, and the current market landscape.
This article will explore the Panerai 172 price, comparing it to similar models like the Panerai Luminor Marina price and Panerai Tantalium price (including the Panerai Luminor Tantalium price), while providing a framework for understanding the valuation of this highly sought-after timepiece.
The Panerai 172: A Technical Overview
Before delving into pricing, let's examine the technical aspects of the Panerai 172. This watch, a testament to Panerai's early collaborations with the Italian Navy, is powered by a hand-wound mechanical movement, the Panerai OP XI calibre. This calibre, measuring 16½ lignes, features 17 jewels, a Glucydur® balance for enhanced stability and shock resistance, and a frequency of 21,600 alternations per hour. The inclusion of an Incabloc® anti-shock device further protects the delicate movement from the impacts of daily wear.
These specifications highlight the robust and reliable nature of the movement, a critical factor in determining its value. The OP XI calibre, while not overly complicated by modern standards, represents a significant piece of horological history, reflecting Panerai's commitment to functionality and durability during its military supply period. The simplicity of the movement also contributes to its relative ease of servicing, a positive aspect for potential buyers concerned about long-term maintenance costs.
Factors Affecting the Panerai 172 Price
The price of a Panerai 172 is not fixed; it's a dynamic figure influenced by a number of critical factors:
* Condition: This is arguably the most significant factor. A watch in pristine, untouched condition with its original box and papers will command a significantly higher price than one showing signs of wear, even minor scratches or imperfections. The presence of original straps, buckles, and any accompanying documentation further enhances value. A complete and original example is a rare find and will fetch a premium. Restorations, even expertly done ones, can negatively impact the price, as collectors often prefer unaltered examples.
* Provenance: A documented history adds immense value. Knowing the watch's previous owners, its history of service, and any notable events associated with it can significantly increase its desirability and, consequently, its price. A watch with a clear chain of ownership is more appealing than one with an uncertain past.
* Case Material: While the Panerai 172 is typically associated with steel cases, variations in material can also affect the price. The presence of specific markings or inscriptions on the case back can also add to its value.
* Dial Variations: Subtle variations in dial design, including color, markers, and font, can influence the price. Certain dial variations are rarer than others, making them highly sought after by collectors. Original, un-restored dials are highly prized.
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