Panerai - The 2021 New York Watch Auction New York Saturday, December 11, 2021 | Phillips

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  • Manufacturer: Panerai
    Year: 1999
    Reference No: PAM046; OP 6516
    Case No: Numbered 13 of 60; BB1010408
    Model Name: Radiomir GMT Alarm
    Material: 18K white gold
    Calibre: Automatic, cal. 59P, 31 jewels
    Bracelet/Strap: Alligator
    Dimensions: 40mm Diameter
    Signed: Case, dial, and movement signed.
    Accessories: Accompanied by Panerai Specification document dated December 1st 2001, Panerai Certificate numbered 13 of 50 pieces, dated December of 1999, international warranty and guarantee card and booklet, key, inner presentation box, and outer presentation box.

  • Catalogue Essay

    1999. The first of the second series of Star Wars movies, The Phantom Menace, was released. The Space Shuttle Discovery first docks at the International Space Station. The world is gripped with fear about the impending Y2K disaster. And the Panerai Radiomir GMT Alarm was introduced.

    Rarely offered publicly, the Panerai Radiomir GMT Alarm, cased in 18K white gold, was released in 1999 as part of a limited series of 60 pieces. Small in comparison to its other Radiomir brethren at only 40mm diameter, it combines three highly useful travel complications: a magnified date, a GMT indicator, and an alarm. Powering the PAM046 is the Girard-Perregaux caliber 59 finished with a motif of the Panerai logo. Stainless steel and pink gold versions followed as the PAM046, the PAM00238 and PAM00098 respectively.

    The present lot is replete with its original suite of accessories, including certificate, warranty, and presentation box. Offered in superb overall condition, it presents an attractive opportunity to own a piece of modern Panerai history.

  • 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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Σ127

Ref. PAM046; OP 6516
An interesting and uncommon white gold limited edition dual-time wristwatch with date, alarm, certificate, and presentation box

1999
40mm Diameter
Case, dial, and movement signed.

Estimate
$8,000 - 16,000 
CHF7,400-14,800
€7,100-14,200
HK$62,400-125,000

Sold for $27,720

Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293

WatchesNY@Phillips.com

 

The 2021 New York Watch Auction

New York Auction 11 - 12 December 2021