Panerai left behind as luxury watch market revives

The recovery in the secondary market for luxury watches is leaving Panerai behind. While brands like Cartier and Vacheron Constantin draw renewed buyer interest, Panerai's bulky timepieces are failing to generate similar enthusiasm.

The sharp contrast underscores how the market's rebound is selective, favoring certain maisons while others see little traction. Even as overall demand for pre-owned watches strengthens, Panerai appears stuck in a slump.