The Panerai Luminor 1950 3 Days GMT Automatic Acciaio 42mm Boutique Blue PAM688 is a compelling timepiece, blending classic Panerai design with modern functionality and a touch of exclusivity. This article will delve into a comprehensive overview of the PAM688, examining its retail and market price, detailed specifications, historical context within the Luminor 1950 line, and its place amongst other notable Panerai models. We'll also explore the broader market trends influencing its value and desirability.
Retail and Market Price:
Determining the precise retail price of the PAM688 can be challenging due to variations across authorized dealers and regional differences. However, its original retail price typically fell within a range of $8,000 to $9,000 USD. This price point reflects the watch's premium materials, in-house movement, and limited availability as a boutique-exclusive model.
The market price, however, is a more fluid figure and depends on several factors including condition, box and papers (original packaging and documentation), and overall demand. Pre-owned PAM688 models can be found on the secondary market (such as Chrono24, eBay, and other watch auction sites) at prices ranging from slightly below its original retail price to a premium, depending on the factors mentioned above. A pristine example with full documentation might command a price closer to or even exceeding the original retail price, particularly if demand is high. Conversely, watches showing signs of wear may sell at a discount. It's essential to thoroughly research the market before buying or selling a PAM688 to ensure a fair price.
Model Specifications:
The PAM688 boasts a compelling blend of classic Panerai aesthetics and sophisticated horological engineering. Key specifications include:
* Case: 42mm stainless steel (Acciaio) case, a size considered versatile and wearable for a wide range of wrist sizes. The Luminor 1950 case shape, characterized by its cushion-shaped profile and iconic crown-protecting device, is a hallmark of Panerai design.
* Movement: Calibre P.9001, an in-house automatic movement with a 3-day power reserve (72 hours). This movement is known for its reliability and smooth operation, a testament to Panerai's commitment to high-quality watchmaking. The GMT function allows for the tracking of a second time zone.
* Dial: The dial is a striking boutique-exclusive blue, adding a touch of elegance and sophistication. The signature Panerai sandwich dial construction, with luminous markers and numerals, ensures excellent legibility in low-light conditions.
* Water Resistance: The watch offers a water resistance rating suitable for everyday wear and occasional swimming, although it's not designed for professional diving. The exact rating typically falls around 30 meters (100 feet).
* Strap: The PAM688 typically comes with a brown leather strap, complementing the blue dial and the overall classic aesthetic. However, the strap is easily interchangeable, allowing for personalization.
* Crystal: Sapphire crystal, known for its scratch resistance and clarity.
Historical Trends and Context within the Luminor 1950 Line:
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