Panerai - The Hong Kong Watch Auction: XIII Hong Kong Thursday, November 25, 2021 | Phillips

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  • Manufacturer: Panerai
    Year: Circa 2013
    Reference No: PAM00029
    Movement No: 603’084
    Case No: OP6807, BB1426356, M0993/1000
    Model Name: Luminor GMT Tuxedo
    Material: Stainless steel
    Calibre: Automatic, cal. 2893/2, 21 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Stainless steel Panerai pin buckle
    Dimensions: 44mm diameter
    Signed: Case, dial, movement and pin buckle signed
    Accessories: Accompanied by Panerai certificate stamped Panerai Boutique Hong Kong dated 12th April 2013, numbered certificate, chronometer certificate, instruction manual, guarantee booklet, bezel protector, additional rubber strap, screw driver, fitted presentation box and outer packaging.

  • Catalogue Essay

    Released in 2010, the Panerai Luminor GMT Tuxedo PAM00029 takes inspiration from the original PAM029 model from 1998. Produced in a limited edition of 1,000 pieces, the dual-time model features a sleek tuxedo dial with grey and black pinstripe details giving it a completely different personality compared to its other siblings. Fitted with an engraved 24-hour bezel, the Luminor GMT Tuxedo makes a perfect companion for the frequent traveler. Numbered 993 of a limited edition, the present example is kept in an absolute pristine unworn condition and is accompanied by its full accessories and additional rubber strap.

  • 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. PAM00029
A rare, attractive and "like-new" limited edition cushion-shaped stainless steel diver’s dual-time wristwatch with date, center seconds, certificate and presentation box, numbered 993 of a limited edition of 1,000 pieces

Circa 2013
44mm diameter
Case, dial, movement and pin buckle signed

HK$24,000 - 40,000 

Sold for HK$63,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021