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43 Watches & Encounters
The Laurent Picciotto Collection of Contemporary Watches
No Reserve

1002

Panerai

Ref. PAM00024

Luminor Submersible Automatic Acciaio

Laurent Picciotto Collection: A titanium limited edition cushion-shaped wristwatch with date, travel bag, framed photograph, framed sketches of the present watch, photograph of American patent and model of a battleship, manufactured in the first year of Richemont ownership

Estimate
HK$24,000 - 40,000
€2,900 - 4,800
$3,000 - 5,000
HK$37,500
Lot Details
Manufacturer
Panerai
Year
1998
Reference No
PAM00024
Case No
BB975119
Model Name
Luminor Submersible Automatic Acciaio
Material
Titanium
Calibre
Automatic, OP III, 21 jewels
Bracelet/Strap
Black Panerai rubber strap
Clasp/Buckle
Titanium <em>Panerai </em>buckle
Dimensions
44 mm. width
Signed
<em>Case, dial and movement signed, case further engraved A1158/1500</em>
Accessories
With <em>Panerai </em>International Guarantee Certificate dated 11 July 1998, Contrôle Officiel Suisse des Chronomètres Watch Rate Certificate, framed photograph, framed sketches of the present watch, USB, keyring, product literature, book, photograph of America patent, leather wallet, model of battleship, leather portfolio, travel bag, fitted presentation box and outer packaging.
Catalogue Essay
'The present PAM00024 Luminor Submersible wristwatch is manufactured in tribute to the oceanic world. The watch, featuring a 44 mm. case, is a modern re-interpretation of the model created in 1956 for the Egyptian Navy. The rotating bezel calibrated to 60 units is designed for easy underwater reading. With respect to its predecessor, the watch is manufactured to the highest readability and quality. It is also interesting to note that the present watch carries the A serial number, indicating that the watch was manufactured in the first year of Richemont ownership.'

Panerai

Italian | 1860
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.
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