Panerai - The Hong Kong Watch Auction: XIII Hong Kong Thursday, November 25, 2021 | Phillips
  • Manufacturer: Panerai
    Year: Circa 2017
    Reference No: PAM00716
    Case No: OP7109, PL0023826, T0213/1000
    Model Name: Mare Nostrum
    Material: Stainless steel
    Calibre: Manual, cal. XXXIII
    Bracelet/Strap: Crocodile
    Clasp/Buckle: Stainless steel Panerai pin buckle
    Dimensions: 42mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Panerai certificate stamped Officine Panerai Hong Kong dated 26th August 2017, Panerai numbered certificate, model, additional strap with buckle, screw driver, fitted presentation box and outer packaging.

  • Catalogue Essay

    Panerai's rarefied Mare Nostrum—Latin: Our Sea, Roman name for the Mediterranean Sea— chronograph wristwatch was originally designed to be used by deck officers of the Italian Navy. Only very few of these watches were made in 1943 but due to the turmoil during the war, the model never went into production and remained at the prototype stage. Only one vintage Mare Nostrum prototype has surfaced in the market since 2005, and now resides at the Richemont Museo Panerai Collection. It was not until 50 years later that Officine Panerai revived the Mare Nostrum Pre-Vendôme ref. 5218-301/A taking blue print from its archival photographic plate created in tribute to the original model.

    In 2017, Panerai added the last member of the Mare Nostrum family with the ref. PAM00716. Produced in a limited edition of 1,000 pieces with high resemblance to its sibling ref. 5218-301A but cased in a 42mm stainless steel. Fitted with a handsome ocean blue dial and robust appearance, the watch certainly wears with comfort compared to the 52mm prototype. Housed inside is the cal. OP XXXIII based on the ETA 2801 movement with a Dubois-Depraz chronograph module with 42 hours of power reserve.

    Offered by the original owner, the present timepiece numbered 213 is preserved in excellent overall condition and is fresh-to-the-market. Highly collectible and rare, it is furthermore accompanied by its full accessories including the model of the Luigi Durand de la Panne Destroyer—Italian Navy Naval Diver in the Decima MAS during WWII.

  • 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. PAM00716
A fine and rare limited edition stainless steel chronograph wristwatch with certificate and presentation box, numbered 213 of a limited edition of 1,000 pieces

Circa 2017
42mm diameter
Case, dial, movement and buckle signed

HK$48,000 - 64,000 

Sold for HK$81,900

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021