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

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  • Manufacturer: Panerai
    Year: 2017
    Reference No: PAM00740
    Movement No: 006’264
    Case No: 158/300, PL0011936
    Model Name: Radiomir 1940 Oro Rosso
    Material: 18K pink gold
    Calibre: Manual, P.1000, 21 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Panerai buckle
    Dimensions: 42mm Diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by a Panerai guarantee, presentation box, product literature and outer packaging.

  • Catalogue Essay

    Founded in 1860 by Giovanni Panerai (1825-1897), Officine Panerai specialized in producing high precision wristwatches and navigation tools for the Italian Royal Navy. Their Radiomir timepiece was Panerai’s first prototype wristwatch produced in 1936 for the Royal Italian Navy. Some examples were fitted with “Error-Proof” dials, also known as “California” dials, comprising of both Roman and Arabic numerals for improved legibility underwater, along with a railway track outer minute ring.

    Released in 2017, the PAM740 is a modern iteration of the famed Radiomir with a “California” dial. The limited edition was produced in 300 pink gold examples, with the present timepiece numbered 158. The vintage-inspired dial features SuperLuminova numerals, and like other special editions, lacks the Panerai Radiomir signature and logo. Powered by the manual caliber P. 1000 with 3-day power reserve, the high-grade movement is fitted with a specially constructed bridge and two supports to secure the balance wheel for robust shock resistance.

    The present example is offered by the original owner in excellent condition, and complete with accessories. This 21st century wristwatch is a lovely representation of the timepieces of 100 years ago, and a reminder of their classic design.


  • 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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Ref. PAM00740
An attractive, limited edition pink gold wristwatch with California-style dial, guarantee and presentation box, numbered 158 of 300

42mm Diameter
Case, dial, movement and buckle signed

$10,000 - 20,000 

Sold for $20,160

Contact Specialist

Paul Boutros

Head of Watches, Americas

+1 (212) 940-1293


The 2021 New York Watch Auction

New York Auction 11 - 12 December 2021