And remember that the bigger they are, they harder they fall. Or the higher they start the further they can fall. Prices have already started coming down on many more expensive watches and Panerai is no exception. Fiddy's no longer clear the market in the $20's. We are now talking teens. On the extreme vintage end prices have also come down substantially. THe last 3646 that came up for auction with a range of $70,00 - $100,000 did not sell. Double Red Rolexes appear to have come down 20-30% (based on nothing other than my eyeballing results so take it for what it is worth). The ask on the 203A was as high as $140,000. But even Risti can run out of money. If I were a betting man it will go under $50k.