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Panerai
Italian • b. 1860
Biography
Known for its robust designs and large case sizes, Officine Panerai was established in 1860 by Giovanni Panerai in Florence, Italy. Around 1900, Giovanni's grandson Guido Panerai took over, and Panerai became the supplier to the Regia Marina — the Royal Italian Navy. After supplying the navy with high-precision instruments for a number of years, Officine Panerai created Radiomir, a radium-based powder that gives luminosity to the dials of sighting instruments and devices. By 1936, the Royal Italian Navy approached Panerai again with the request to design a watch resistant to extreme underwater conditions. The watch they created became known as the "Radiomir".
Panerai's watches made during the early twentieth century era were comprised of cases designed and manufactured by Rolex SA, with Cortébert, a Swiss manufacturer, supplying the majority of their movements. The most recognizable designs from the firm are the Radiomir and Luminor. To date, vintage models from the first half of the 1900s, such as the reference 3646 and 6152 models, remain the most desirable among collectors.
Insights
The earliest known Panerai reference 3646 Type E model sold for 106,250 CHF during the Phillips Geneva Watch Auction: THREE sale in May 2016.
Today, Officine Panerai is part of the Richemont Group, producing modern versions of its iconic Radiomir and Luminor models.
"Panerai's watches made during the early twentieth century era were comprised of cases designed and manufactured by Rolex SA, with Cortébert, a Swiss manufacturer, supplying the majority of their movements."
Upcoming Lots
Panerai
Ref. PAM090
Model: Luminor Power Reserve
The masculine 44mm cushion shaped case of the PAM0090 is enhanced by the iconic, patented D-shaped crown protector (referenced again in the folding clasp and the unique fan-shaped power reserve). Panerai are known for building tough watches, this is the chance to join the ranks of Stallone, Statham and Schwarzenegger with one of the most fondly reminisced references of the early noughties. The dials are superbly legible with bold punchy lume matched on the hands, whilst the screw in case back guSold
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Past Lots
8114No Reserve
Panerai
Ref. PAM00317
Model: Luminor 1950 Ceramic 8 Days Chrono Monopulsante GMT
A fine and rare limited edition cushion-shaped black ceramic and titanium dual-time single-button chronograph wristwatch with small seconds, 8-day power reserve, day and night indication, zero-reset function, certificate and presentation box, numbered 119 of a limited edition of 500 piecesEstimate HK$40,000 - 80,000
Sold for HK$50,800
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8136No Reserve
Panerai
Ref. PAM00616
Model: Luminor Submersible 1950 Carbotech
A fine and rare limited edition carbon fibre and titanium cushion-shaped diver’s wristwatch with date, small seconds and presentation box, numbered 9 of a limited edition of 500 piecesEstimate HK$30,000 - 60,000
Sold for HK$53,340
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8137No Reserve
Panerai
Ref. PAM00438
Model: Tuttonero Luminor 1950 3 Days GMT Ceramica
A fine and well-preserved limited edition black ceramic and titanium dual-time wristwatch with small seconds, date, power reserve indication, zero-reset mechanism, bracelet, certificate and presentation box, numbered 423 of a limited edition of 1,000 piecesEstimate HK$30,000 - 60,000
Sold for HK$44,450
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8145No Reserve
Panerai
Ref. PAM01048
Model: Luminor Marina
A fine and rare limited edition cushion-shaped stainless steel wristwatch with small seconds, date, certificate and presentation box, numbered 118 of a limited edition of 1,000 piecesEstimate HK$25,000 - 35,000
Sold for HK$33,020
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8146No Reserve
Panerai
Ref. PAM00510
Model: Luminor Marina 8 Days
A fine and attractive stainless steel limited edition cushion-shaped wristwatch with small seconds, 8-day power reserve, certificate and presentation box, numbered 2,061 of a limited edition of 3000 piecesEstimate HK$20,000 - 30,000
Sold for HK$25,400
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8147No Reserve
Panerai
Ref. PAM00914
Model: Luminor 8 Giorni
A fine and attractive limited edition stainless steel cushion-shaped wristwatch with crown guards, warranty and presentation box, numbered 8 of a limited edition of 1,500 piecesEstimate HK$20,000 - 40,000
Sold for HK$27,940
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7No Reserve
Panerai
Ref. PAM01056
Model: Luminor1950 3 Days GMT - Mahendra Singh Dhoni
A sporty and attractive cushion-shaped dual-time stainless steel wristwatch with small seconds and date, certificate of origin and presentation box, number 6 of a limited edition of 251 piecesEstimate CHF4,000 - 8,000
Sold for CHF10,160
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70
Panerai
Ref. PAM00316
Model: Radiomir Tourbillon GMT Platinum
A fine and attractive platinum tourbillon dual time wristwatch with 6-day power reserve, small seconds, day and night indicator, certificate and presentation box, number 24 of a limited edition of 75 piecesEstimate CHF20,000 - 40,000
Sold for CHF38,100
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839
Panerai
Ref. PAM00350
Model: Radiomir Tourbillon GMT Ceramica “Lo Scienziato”
A very fine and attractive limited edition ceramic and titanium skeletonized tourbillon dual-time wristwatch with day and night, 6-day power reserve indications, certificate and presentation box, numbered 61 of a limited edition of 150 piecesEstimate HK$160,000 - 320,000
Sold for HK$406,400
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978
Panerai
Ref. PAM00306
Model: Luminor 1950 Tourbillon GMT Titanio
A rare and attractive limited edition titanium rotating 30-second tourbillon dual-time wristwatch with small seconds, 30-second tourbillon counter, 6-day power reserve, day and night indication, certificate and presentation box, numbered 53 of a limited edition of 150 piecesEstimate HK$160,000 - 240,000
Sold for HK$203,200
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24No Reserve
Panerai
Ref. PAM01346
Model: Radiomir Guido Panerai & Figlio
An important and unique platinum wristwatch with historical movement and presentation box, with proceeds going to the Intergovernmental Oceanographic Commission of UNESCOEstimate CHF60,000 - 180,000
Sold for CHF355,600
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8043No Reserve
Panerai
Ref. PAM00286
Model: Luminor 1950 Regatta Rattrapante
A fine and attractive limited edition stainless steel split-seconds chronograph wristwatch with guarantee and presentation box, numbered 255 of a limited edition of 500 piecesEstimate HK$40,000 - 80,000
Sold for HK$60,960
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8044
Panerai
Ref. PAM00335
Model: Luminor 1950, 10 Days GMT
A fine and rare limited edition cushion-shaped dual-time black ceramic and titanium wristwatch with small seconds, date, 10-Day power reserve, day and night indication, zero-reset function, certificate and presentation box, numbered 55 of a limited edition of 500 piecesEstimate HK$30,000 - 60,000
Sold for HK$50,800
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8111
Panerai
Ref. PAM00067
Model: Radiomir Zerograph
An attractive and distinguished limited edition white gold single-button chronograph wristwatch with Lemania movement, guarantee and presentation box, numbered 71 of a 99 pieces limited editionEstimate HK$70,000 - 140,000
Sold for HK$177,800
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15
Panerai
Ref. PAM00507
Model: Luminor Submersible 1950 3 Days Automatic Bronzo
An attractive and oversized limited edition bronze diver’s wristwatch with small seconds, date, certificate and presentation box, numbered 56 of a limited edition of 1,000 piecesEstimate CHF8,000 - 16,000
Sold for CHF16,510
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36
Panerai
Ref. PAM01271
Model: Luminor Marina
A sporty and attractive stainless-steel cushion-shaped wristwatch with small seconds, crown guards, guarantee and presentation box, number 578 of a limited edition of 2000 piecesEstimate CHF2,800 - 5,600
Sold for CHF4,826
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51No Reserve
Panerai
Ref. PAM00200 OP6618
Model: Radiomir 8 Days GMT
A highly rare and attractive limited edition white gold dual time wristwatch with 8 day power reserve, certificate and presentation box, number 161 of a limited edition of 250 piecesEstimate CHF4,000 - 8,000
Sold for CHF10,160
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8105No Reserve
Panerai
Ref. PAM 764
Model: Luminor Yachts Challenge
A fine and attractive limited edition titanium flyback central chronograph wristwatch with nautical tachometer scale, warranty and presentation box, numbered 79 of a limited edition of 1,000 piecesEstimate HK$50,000 - 80,000
Sold for HK$48,260
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8106No Reserve
Panerai
Ref. PAM01391
Model: Submersible QuarantaQuattro Luna Rossa
A fine, attractive and "like-new" limited edition cushion-shaped stainless steel diver’s wristwatch with small seconds, date, warranty and presentation box, numbered 324 of a limited edition of 1,500 pieces made for Luna RossaEstimate HK$50,000 - 100,000
Sold for HK$48,260
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148
Panerai
Ref. 3646
Model: Radiomir “Type B”
An exceptionally rare and historically important stainless steel cushion-shaped military diver’s watch with engraved casebackEstimate $20,000 - 40,000
Sold for $63,000
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103No Reserve
Panerai
Ref. PAM00687
Model: Radiomir 3 Days Acciaio
An attractive and “like-new” limited edition stainless steel wristwatch with warranty and presentation box, numbered 364 of a limited edition of 1,000 piecesEstimate HK$30,000 - 50,000
Sold for HK$40,320
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104
Panerai
Ref. PAM00080
Model: Radiomir Independent
A rare and unusual limited edition white gold wristwatch with deadbeat seconds, certificate and presentation box, numbered 47 of a limited edition of 160 piecesEstimate HK$48,000 - 80,000
Sold for HK$201,600
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105No Reserve
Panerai
Ref. PAM00111
Model: Luminor Marina
A fine and attractive limited edition stainless steel cushion-shaped wristwatch with small seconds, crown guards, certificate and presentation box, numbered 2,906 of a limited edition of 3,000 piecesEstimate HK$20,000 - 40,000
Sold for HK$27,720
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23No Reserve
Panerai
Ref. PAM00078 and OP 6549
Model: Radiomir "Seconds Counter"
A rare cushion shaped white gold one minute single button chronograph wristwatch with date, number 36 of a 75 piece limited editionEstimate CHF4,000 - 8,000
Sold for CHF17,640
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