Panerai - The Hong Kong Watch Auction: XVII Hong Kong Friday, November 24, 2023 | Phillips

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  • Manufacturer: Panerai
    Year: Circa 2008
    Reference No: PAM00306
    Movement No: K053/150
    Case No: OP6767, BB’1320’552, No. K053/150
    Model Name: Luminor 1950 Tourbillon GMT Titanio
    Material: Titanium
    Calibre: Manual, cal. P.2005, 31 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Stainless steel Inox pin buckle
    Dimensions: 47mm diameter
    Signed: Case, dial and movement signed
    Accessories: Accompanied by Panerai certificate stamped Les Bijoux LLC, Florida, dated 18 December 2008, limited edition certificate, instruction manual, additional Panerai crocodile strap with titanium pin buckle, stingray strap, leather pouch, adjustment tool, fitted presentation box and outer packaging.

  • Catalogue Essay

    With its understated dual-time sandwich dial, the Panerai Luminor 1950 Tourbillon GMT conceals an impressive horological revelation within. Behind the lightweight titanium case lies the manufacture cal. P.2005 - Panerai’s first lateral tourbillon.

    Visible through the sapphire back, the tourbillon rotates 360 degrees on a perpendicular axis, creating mesmerizing three-dimensional motion. Spinning at double the speed of a standard one-minute tourbillon, the balance makes a full revolution every 30 seconds as indicated by the white dot. An extended 6-day power reserve is also displayed against the meticulously finished movement bridge.

    Numbered 53 of a limited edition of 150 pieces, this rare titanium Panerai ref. PAM00306 in an attractive brown dial succeeds the previous ref. PAM00276 in stainless steel, representing a milestone in Panerai’s journey of innovation. Accompanied by its full set of accessories, this Luminor 1950 Tourbillon GMT is preserved in exceptional condition.

  • Artist Biography

    Panerai

    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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Σ978

Ref. PAM00306
A rare and attractive limited edition titanium rotating 30-second tourbillon dual-time wristwatch with small seconds, 30-second tourbillon counter, 6-day power reserve, day and night indication, certificate and presentation box, numbered 53 of a limited edition of 150 pieces

Circa 2008
47mm diameter
Case, dial and movement signed

Estimate
HK$160,000 - 240,000 
€19,400-29,100
$20,500-30,800

Sold for HK$203,200

Contact Specialist

Thomas Perazzi
Deputy Chairman, Watches, Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XVII

Hong Kong Auction 24-25 November 2023