Panerai - The Watch Auction: One Geneva Saturday, May 9, 2015 | Phillips

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  • Manufacturer: Panerai
    Year: 1996
    Reference No: 5218-304
    Case No: 020/500
    Model Name: Pre-Vendome, Mare Nostrum "SLYTECH"
    Material: Stainless steel
    Calibre: Manual, 13'''
    Bracelet/Strap: Leather
    Clasp/Buckle: Large stainless steel buckle, signed Panerai
    Dimensions: 42mm. Diameter
    Signed: Case, dial and movement signed, case back further signed Special Edition Sylvester Stallone and engraved with the actor's signature

  • Catalogue Essay

    The present special edition Panerai is known as a Pre-Vendome model. Panerai was re-established in 1993 and all of the firm’s watches manufactured from this point up until the Vendome Group took control in late 1996/7 are known as Pre-Vendome pieces. Panerai commissioned a special series of large stainless steel chronograph wristwatches for the actor Sylvester Stallone. Originally intended to be made in a limited edition of 500 watches, scholarship states that eventually only 50 watches of reference 5218-304 were ever finished. In fact, it appears that Officine Panerai sold 31 watches of this series and Vendome distributed the remaining 19 examples. The example offered here for sale is consequently a very rare collector’s watch and preserved in overall very good condition.

  • Artist Biography


    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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Lot offered with No Reserve

Ref. 5218-304
A rare stainless steel limited edition chronograph wristwatch

Stainless steel
42mm. Diameter
Case, dial and movement signed, case back further signed Special Edition Sylvester Stallone and engraved with the actor's signature

CHF12,000 - 18,000 

Sold for CHF45,000

Contact Specialist
Nathalie Monbaron
+41 22 317 81 83

The Watch Auction: One

Geneva Auction 10 May 2015 6:30pm