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43 Watches & Encounters
The Laurent Picciotto Collection of Contemporary Watches
No Reserve

1003

Panerai

Ref. PAM0239

Luminor Submersible Destro Chronopassion 75th Anniversary PAM00239

Laurent Picciotto Collection: A fine and rare stainless steel left handed cushion-shaped wristwatch with date, made for Chronopassion, numbered 1 of a limited edition of 75 pieces

Estimate
HK$40,000 - 60,000
€4,800 - 7,200
$5,000 - 7,500
HK$81,250
Lot Details
Manufacturer
Panerai
Year
Circa 2006
Reference No
PAM0239
Movement No
471'053
Case No
BB1196754
Model Name
Luminor Submersible Destro Chronopassion 75th Anniversary PAM00239
Material
Stainless steel
Calibre
Automatic, OP III, 21 jewels
Bracelet/Strap
Black and yellow <em>Panerai </em>rubber strap
Dimensions
44 mm. bezel width
Signed
<em>Case, dial and movement signed, case further signed 01</em>
Accessories
With <em>Panerai </em>Certificate confirming that the present watch is part of a limited edition of 75 pieces only, Contrôle Officiel Suisse des Chronomètre Watch Rate Certificate, International Guarantee Certificate dated 4 September 2006, mounted photograph, drawing, framed sketch, book, screwdriver, product literature, instruction manual, leather portfolio, fitted presentation box and outer packaging.
Catalogue Essay
'The PAM239 was greeted with madness from the collectors trying to acquire it. I was known by many at this time in 2006 as Mr. 239!! Collectors literally queuing outside of Chronopassion, wanting to stay inside until the watches have arrived. People flew from all over the world to Paris, only to get this watch and will return the same day home. This was the very first edition of the left-handed Submersible and the obsession can also be described as a 'cult' amongst the Paneristi.'

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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