Panerai - The Hong Kong Watch Auction: FOUR Hong Kong Monday, May 29, 2017 | Phillips

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  • 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 Panerai buckle
    Dimensions: 44 mm. width
    Signed: Case, dial and movement signed, case further engraved A1158/1500
    Accessories: With Panerai 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.'

  • 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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43 Watches & Encounters The Laurent Picciotto Collection of Contemporary Watches


Lot offered with No Reserve

Ref. PAM00024
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

44 mm. width
Case, dial and movement signed, case further engraved A1158/1500

HK$24,000 - 40,000 

Sold for HK$37,500

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

Ziyong Ho
+852 9386 2032

Jill Chen
+852 2318 2033

The Hong Kong Watch Auction: FOUR

Hong Kong Auction 30 May 2017