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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. PAM00316
Model: Radomir 48 Tourbillon
The Panerai 000316 is a watch of juxtapositions. Simple in design, yet fitted with a complex Tourbillon with a six day power reserve. A sports watch , but cased in Platinum giving a distinctive weight reserved for complications. All of these facets produce a very unique approach to classic Panerai design language and this limited edition of just 75 pieces is rare to find in the market. Complete with full accessories including International Warranty, inner and outer box.Sold
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Panerai
Ref. PAM00306
Model: Luminor
While Panerai are known to have produced some of the world’s most important military and dive watches, the firm produces much more than just the basic time only wristwatches. With a focus on technical innovation combined with refined aesthetics, Panerai has produced complicated variants of the Radiomir and Luminor in recent times.
The Luminor Tourbillon GMT PAM003i06 s an example of the firm’s innovative pieces. With an oversized titanium case, the generous sizing has been subdued by its lightSold
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Panerai
Ref. PAM00315
Model: Radiomir Tourbillon GMT
The Radiomir Tourbillon GMT PAM00315 is an example of the firm’s innovative pieces. With an oversized 48mm diameter brushed titanium case, the generous sizing has been subdued by its light weight principles of the material. Housing the firm’s in-house manual cal. P.2005, the movement features three large plates securing three barrels with 6 days of power reserve indicated atop of the plate on the right side. Featuring an impressive 30-second rotating tourbillon on a fixed axis perpendicular to tSold
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Panerai
Ref. PAM00424
Model: Radiomir 3 Days 47mm
Inspired by the historic 'Error-Proof' military dive watches, this PAM00424 "California" sports a cool mixed Arabic/Roman dial. Complete with the original papers and accessories, this unworn example from 2014 is triple boxed with the barcode sticker, jelly mould and even the plastic strap-saver. The large 47mm stainless steel case houses Panerai's Manifattura P.3000 calibre with 3 day power reserve and guarantees 100m of water-resistanceSold
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Panerai
Ref. PAM00630
Model: Luminor Base Logo
The Luminor Base Logo was the swan song of Panerai's previous CEO, Angelo Bonati, who harnessed the powerful design of an Italian military supplier and built up one of the major watchmaking companies of the late 1990s and early 2000s. Powered by in-house Caliber P.6000, which hails from the company's Neuchatel manufacture, Panerai is endowing its entry level 44mm sports watch, the Luminor Base Logo, with a manufacture movement, bringing an end to the use of the ETA Unitas-based calibers that werSold
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Past Lots
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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30
Panerai
Ref. PAM00332
Model: Luminor 1950 Regatta Rattrapante
An attractive DLC coated stainless steel split seconds chronograph wristwatch, number 47 of a 500 piece limited edition with guarantee and boxEstimate CHF5,000 - 10,000
Sold for CHF10,710
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902No 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$37,800
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52No Reserve
Panerai
Ref. PAM214, OP6642
Model: Radiomir Rattrapante
A fine and attractive limited-edition stainless steel split-seconds chronograph chronometer wristwatch watch with guarantee, chronometer rating certificate, and presentation boxEstimate $3,000 - 5,000
Sold for $9,450
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159
Panerai
Ref. 3646
Model: "Error Proof California Dial"
An extremely rare, large and attractive stainless steel water-resistant diver's wristwatch with black "California" dialEstimate CHF60,000 - 120,000
Sold for CHF94,500
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242
Panerai
Ref. PAM00078; OP 6549
Model: Radiomir "Seconds Counter"
A very elegant and 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 CHF21,420
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243
Panerai
Ref. PAM00067
Model: Radiomir Zerograph
A massive and distinguished white gold single-button chronograph wristwatch with vintage Lemania movement, Guarantee and box, numbered 88 of a 99 pieces limited editionEstimate CHF4,000 - 8,000
Sold for CHF30,240
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293
Panerai
Ref. 6154
Model: "Egiziano Piccolo"
An extremely rare and historically important oversized stainless steel diver's wristwatch with "tropical" dial, diver's torch and depth gaugeEstimate CHF100,000 - 200,000
Sold for CHF163,800
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112No Reserve
Panerai
Ref. The first: PAM00448, the second: PAM00449
Model: The first: Radiomir California 3 Days; the second: Radiomir S.L.C 3 Days
An attractive and “new-old-stock” limited edition set of stainless steel wristwatches with certificate and presentation box, made in a limited edition of 750 piecesEstimate HK$60,000 - 100,000
Sold for HK$88,200
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127
Panerai
Ref. PAM046; OP 6516
Model: Radiomir GMT Alarm
An interesting and uncommon white gold limited edition dual-time wristwatch with date, alarm, certificate, and presentation boxEstimate $8,000 - 16,000
Sold for $27,720
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128
Panerai
Ref. PAM00740
Model: Radiomir 1940 Oro Rosso
An attractive, limited edition pink gold wristwatch with California-style dial, guarantee and presentation box, numbered 158 of 300Estimate $10,000 - 20,000
Sold for $20,160
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63
Panerai
Ref. PAM00080; OP-6551
Model: Radiomir Independent
An extremely rare and unusual limited edition white gold wristwatch with jumping seconds, certificate, and presentation boxEstimate $12,000 - 24,000
Sold for $32,760
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