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

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  • Manufacturer: Panerai
    Year: 1999
    Reference No: PAM00040
    Case No: BB980052
    Model Name: Luminor Marina
    Material: Titanium
    Calibre: Mechanical, OP II, 17 jewels
    Bracelet/Strap: Brown Panerai calf leather strap
    Clasp/Buckle: Titanium Panerai buckle
    Dimensions: 44 mm. bezel width
    Signed: Case, dial and movement signed, case further engraved B155/200
    Accessories: With Panerai screwdriver and fitted presentation box.
    Literature: For another example of the present watch, please see Panerai Watches from 1936 to 1997 by Mario Paci, page260.

  • Catalogue Essay

    The PAM00040 was limited to 200 pieces and the present watch is numbered 155 of that limited series. When Panerai was sold in 1997, the components of the PAM00040 was sold with it and retailed under the company's new owners in 1998. The present watch is a very attractive and original example of one of these early titanium PAM00040.

  • 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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Property from the Original Owner


Ref. PAM00040
A rare titanium limited edition cushion-shaped wristwatch

44 mm. bezel width
Case, dial and movement signed, case further engraved B155/200

HK$50,000 - 80,000 

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