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

Create your first list.

Select an existing list or create a new list to share and manage lots you follow.

  • Manufacturer: Panerai
    Year: Circa 2009
    Reference No: PAM00358
    Movement No: 569'711
    Case No: BB1406652
    Model Name: Luminor Submersible 2500 PAM00358
    Material: Titanium
    Calibre: Automatic, OP III, 21 jewels
    Bracelet/Strap: Brown Panerai calf leather strap
    Clasp/Buckle: Titanium Panerai buckle
    Dimensions: 47 mm. bezel width
    Signed: Case, dial and movement signed, case further engraved 001/100
    Accessories: With Panerai Certificate confirming that the present watch is numbered 1 of a limited edition of 100 pieces only, International Guarantee Certificate dated 27 May 2009, Contrôle Officiel Suisse des Chronomètres Watch Rate Certificate, key ring, books, notepad, additional rubber strap, photograph showing all 50 watches together sold at Chronopassion, model of a submariner, sale tag, instruction manual, tools, screwdriver, fitted presentation box and outer packaging.

  • Catalogue Essay

    'PAM358 was an enormous success. Limited to 100 pieces, 50 pieces were sold in one day, 12 pieces in the first 30 minutes. It was complete madness. Collectors were even showing me their plane tickets home in order to conclude the sale as quickly as possible so that they could quickly get back to the airport. It was a once-in-a-lifetime experience. We announced to collectors at the same time and the following morning there was a line of collectors queuing to buy. Other local retailers could not believe it and wondered what on earth we were selling. With the PAM239, there were some delay with shipments and therefore with the PAM358, we received all 100 watches together in two shipments, 50 watches each.'

  • 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.

    View More Works

43 Watches & Encounters The Laurent Picciotto Collection of Contemporary Watches


Lot offered with No Reserve

Ref. PAM00358
Laurent Picciotto Collection: A fine and rare titanium left handed cushion-shaped wristwatch with keyring, notepad, model of a submariner, made for Chronopassion, numbered 1 of a limited edition of 100 pieces

Circa 2009
47 mm. bezel width
Case, dial and movement signed, case further engraved 001/100

HK$40,000 - 56,000 

Sold for HK$81,250

Contact Specialist
Thomas Perazzi
Head of Watches, Asia
+852 2318 2030

Ziyong Ho
+852 9386 2032

Jill Chen
+852 2318 2033

The Hong Kong Watch Auction: FOUR

Hong Kong Auction 30 May 2017