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

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  • Manufacturer: Panerai
    Year: Circa 2017
    Reference No: PAM00692
    Movement No: 018’963
    Case No: OP7108, PN0009207, T0333/1000
    Model Name: Luminor Submersible BMG-TECH™
    Material: BMG-TECH™ and Titanium
    Calibre: Automatic, cal. P.9010, 31 jewels
    Bracelet/Strap: Rubber
    Clasp/Buckle: Titanium Panerai pin buckle
    Dimensions: 47mm diameter
    Signed: Case, dial movement and buckle signed
    Accessories: Accompanied by Panerai certificate stamped Officine Panerai, Hong Kong dated 5th August 2018, instruction manual, additional rubber strap, adjustment tool, protective cover, fitted presentation box and outer packaging.

  • Catalogue Essay

    In 2017, Panerai introduced the PAM00692 Luminor Submersible BMG-TECH™ encased in a 47mm diameter case. Innovative in the use of material, Panerai developed the trademarked BMG-TECH™ based on bulk metallic glass prone to extreme resistant against corrosion, shocks and magnetic fields. This structure is achieved by using a high-pressure injection process at a certain temperature, followed by a cooling down process for a specific duration. According to Panerai, this results in a material that has a disordered atomic structure. It is this structure that gives the Panerai PAM00692 made of BMG-Tech material this robustness and protection against magnetism.

    Aside from its technical aspect, the PAM00692 features an attractive blue appearance, finished in high gloss rich cobalt and arctic blue accents, the watch is paired with either a choice of a matching navy blue or black rubber strap that heightens it’s sports appeal. Furthermore the engraving on the titanium caseback is decorated with the Firenze 1860 torpedo logo and individually numbered. The watch features an in-house cal. 9010 with up to 3 days of power reserve via two barrels.

    The present example is numbered 333 of a limited edition of 1,000 pieces is preserved in excellent overall condition and accompanied by the full set of accessories. It is a fantastic chance for lovers of dive watches to acquire an attractive and robust professional tool watch.

  • 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. PAM00692
A fine, rare and attractive limited edition cushion-shaped BMG-TECH™ and titanium diver’s wristwatch with small seconds, date, warranty and presentation box, numbered 333 of a limited edition of 1,000 pieces

Circa 2017
47mm diameter
Case, dial movement and buckle signed

HK$32,000 - 48,000 

Sold for HK$56,700

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021