Pessoa suffers from the same price vs. quality problems the every saddle company has encountered.
Really good quality leather, tanned well has skyrocketed in price. It’s a shock to me too that you have to pay at least $3k before you get “back” to leather chosen and tanned to British and French standards. The one slight exception to this rule is the Black Country Quantum.
Yes, most Pessoas you will find floating around now were made in Argentina. But there’s better and worse factories there. Pessoa (an early entrant there) seems to have assembled the right manufacturing team. I think their quality is higher than that of other workmanship in other companies (say, Marcel Toulouse, Beval Stamford, and more).
But Pessoas are, by and large, well-designed. They tend to fit lots of horses. They tend to fit many riders, though you increasingly must be of the long-femured variety to be happy in any modern saddle. Shorties and those of us who learned to ride in the PdN era aren’t always accommodated.
Pessoa improved upon the design of Bates’ changeable gullets. I’m told their easier to switch in and out. I find Pessoas remarkably heavy (Why?), but that difference is immaterial to the horse carrying it. The Bayflex foam is good, but the panel design-- especially the way they flare out in the cantle section-- makes this saddle comfortable for many horses.
To me, Pessoas are a good, reliable “middle of the road” saddle. Are they worth $2 grand and change? Not in my curmudgeonly view… but then neither are any of the saddles competing for the same slice of the market.
If I had to/desire to buy new, I’d certainly try an Ovation (leather just about as good, another “make many happy” design, and less $$) before I plunked down for a Pessoa. I would not, for example, put a Pessoa, an Ovation and a Dover Circuit on my same “comp” list.