Panerai - The Hong Kong Watch Auction: XII Hong Kong Saturday, June 5, 2021 | Phillips

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  • Manufacturer: Panerai
    Year: Circa 2004
    Reference No: PAM192
    Case No: OP 6611, BB 1’196’799, G233/300
    Model Name: Luminor Chrono Tantalum
    Material: Tantalum
    Calibre: Manual, cal. OPXVI, 18 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Stainless steel Panerai pin buckle
    Dimensions: 44mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Panerai International Guarantee Certificate stamped Officine Panerai Hong Kong dated 19th October 2006, limited edition certificate, instruction manual, product literature, extra rubber strap, tool, key, leather document holder, outer packaging and fitted presentation box.

  • Catalogue Essay

    The Panerai Luminor Chrono Tantalum PAM 192 was released in 2004 as a limited edition of 300 pieces. Encased in tantalum, the rare material has a natural bluish gray appearance with a lustrous sheen that is also highly corrosion-resistant, which is perhaps why it might be the perfect case material to incorporate in a sports wristwatch. Powered by the Lemania-based cal. OPXVI, manually-wound chronograph movement, the movement beats at a frequency of 21,600 bph.

    Preserved in excellent “like new” overall condition, the present example numbered 233 is complete with its full set of accessories.

  • 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


Lot offered with No Reserve

Ref. PAM192
A fine and rare limited edition tantalum chronograph wristwatch with tachymeter scale, certificate and presentation box, numbered 233 of a limited edition of 300 pieces

Circa 2004
44mm diameter
Case, dial, movement and buckle signed

HK$78,000 - 120,000 

Sold for HK$119,700

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XII

Hong Kong Auctions 5-6 June 2021