Last Saturday, Jan 2, 2016, I had a chance to see the Panerai PAM00375 Luminor Composite 1950 47mm 3 Days. Finally! This watch came out in 2011 and it’s only now trickling in which amazes me! The PAM00375 is a Special Edition of 2,000 pieces for the world.
The main reason why this watch has taken so long is because the composite case is a very tough case to manufacture and has a very high fail rate. This is basically a Panerai PAM00127 in a composite case. I once owned the Panerai PAM00127 and let me tell you, in a lot of ways this is a much cooler watch and has more character. The composite case is a rich and warm chocolate brown and has a tobacco brown sandwich dial with incredible contrasting ecru super luminova. This watch is fitted on a assolemente strap which compliments it quite well. I am not a fan of the texture of the strap but the color is quite nice, but that’s just my personal preference.
When I owned my 127, I was not a fan of the sub seconds hand next to the Arabic numeral 9 but on this watch it works and I am not as offended. I would still have preferred if it didn’t have a sub seconds hand because it’s much more clean and symmetrical without it. This watch retails for $14,100. When you compare this watch to the 127 it’s a really tough call. The 127 retailed for $6,800 back in 2002. When the PAM00375 came out almost 10 years later it’s double the price. I can’t justify paying a premium, almost double for a watch with an in house movement and a case made out of a different material other than stainless steel.
I think the issue I have most is that Panerai prices have been out of control of late and very unpredictable. I have a problem with paying more than 10k for a Panerai even if it is a Special Edition . Even then you can get so many great watches for 10k or under that are totally iconic and hold their value and you won’t worry that it could potentially break. Even though the 375 is cool I would say it’s not worth it. I am sure there are those people out there who think otherwise but that’s just me.