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

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  • Manufacturer: Panerai
    Year: Circa 2012
    Reference No: PAM 382
    Movement No: 030’512
    Case No: BB1471151, N0288/1000
    Model Name: Luminor Submersible 1950 3 Days Automatic Bronzo
    Material: Bronze
    Calibre: Automatic, cal. P9000, 28 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Bronze Panerai pin buckle
    Dimensions: 47mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Panerai certificate stamped Officine Panerai Hong Kong dated 19th October 2012, limited edition certificate, instruction manual, additional leather strap with buckle, tool, key, outer packaging and fitted presentation box.

  • Catalogue Essay

    Making its important debut in 2011 and marking a milestone for the firm, Panerai released the limited edition Luminor Submersible 1950 3 Days Automatic Bronzo being the first ever wristwatch by any brand to feature a bronze case. Immediately making waves during its launch, the PAM382 was arguably one of the most sought after timepieces of the year. Released with only 1,000 examples worldwide, the implementation of the bronze material was perhaps due to its closely knit connection to underwater exploration and maritime industries. Regarded as one of the most robust, durable and non-corrosive metals for underwater exploration, bronze is a common material used in piping as well and boating components. Untreated, the raw metal allows the case to develop a patina unique to each example produced largely depending on the climate and environment it may be exposed to.

    The present example PAM382 numbered 288 is offered in excellent overall condition with a mild layer of patina displayed on the case. Consigned by its original owner and set of accessories, it is a great opportunity for Panerai lovers to acquire the very first bronze wristwatch made by any manufacturer.

  • 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. PAM 382
An attractive and oversized limited edition bronze diver’s wristwatch with small seconds, date, certificate and presentation box, numbered 288 of a limited edition of 1,000 pieces

Circa 2012
47mm diameter
Case, dial, movement and buckle signed

HK$80,000 - 120,000 

Sold for HK$201,600

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021