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  • Manufacturer: Panerai
    Year: 2003
    Reference No: PAM 203
    Case No: BB 1171661, No. 125/150
    Model Name: Luminor 1950, 8 Giorni Brevettato
    Material: Stainless steel
    Calibre: Manual, cal. Angelus 240, 15 jewels
    Bracelet/Strap: Brown leather strap
    Clasp/Buckle: Stainless steel pin buckle
    Dimensions: 47mm wide
    Signed: Case, dial and movement signed
    Accessories: Accompanied with Officine Panerai presentation box, original certificate, International Guarantee card dated 7 June 2006 stamped by Beverly Hill Officine Panerai, specification sheet, additional strap and product literature.

  • Catalogue Essay

    Panerai announced the release of the PAM 203, a limited edition Luminor eight-day watch with vintage Angelus 240 movement, to great fanfare in 2005. The manufacturer spent two years refurbishing and upgrading a stock of older movements that had been found. The modern watches were released to a group of 150 collectors, which were chosen by the CEO of Richemont Officine Panerai.

    The present example number 125 is in excellent condition and a wonderful limited edition model for any collector.

  • 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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Ref. PAM 203
An attractive and rare oversized stainless steel wristwatch with eight day power reserve,numbered 125 of a limited edition of 150 pieces

47mm wide
Case, dial and movement signed

HK$320,000 - 480,000 

Sold for HK$350,000

Contact Specialist
Ziyong Ho
+852 9386 2032
[email protected]

The Hong Kong Watch Auction: FIVE

Hong Kong Auction 28 November 2017