Panerai - The Hong Kong Watch Auction: XIX Hong Kong Saturday, November 23, 2024 | Phillips
  • Manufacturer: Panerai
    Year: Circa 2022
    Reference No: PAM01269
    Movement No: 000’827
    Case No: OP7462, PL0147661, Y17/33
    Model Name: Luminor Goldtech Calendario Perpetuo
    Material: 18K pink gold
    Calibre: Automatic, cal. P.4100, 55 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Panerai pin buckle
    Dimensions: 44mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Panerai warranty card dated 24th October 2022, Watch ID stamped Panerai Seoul, limited edition certificate, additional rubber strap, screwdriver, fitted presentation box and outer packaging.

  • Catalogue Essay

    Released in 2022, the present PAM01269 is essentially an open-worked version of the blue-dialed PAM00742. Encased in Panerai’s innovative Goldtech material—an alloy that combines pure gold with platinum and copper—this watch showcases a warm, rich hue with enhanced durability, making it well-suited for the sports watch category.

    Despite its open-worked design, the dial remains highly legible. Made of tinted sapphire, it reveals the concentric calendar discs underneath. The indicators are presented linearly, offering a clean and balanced aesthetic, with all elements aligned along a horizontal axis from nine to three o’clock. The Italian calendar reflects the brand’s heritage as a supplier to the Italian Royal Navy, connecting the original buyers of this limited timepiece to a unique experience in Florence and the surrounding Tuscan countryside—a journey through Panerai's rich culture and history.

    Visible through the sapphire case back, the reverse of the watch is equally impressive, featuring perpetual calendar displays along with a 3-day power reserve indicator and a 22K micro-rotor. Limited to just 33 pieces, this PAM01269 is numbered 17 and accompanied by its certificate and box. Representing the pinnacle of Panerai craftsmanship, the present reference marks its auction debut and is an ultimate choice for the most distinguished collectors.

  • 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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Σ933

Ref. PAM01269
A very fine and rare limited edition cushion-shaped pink gold semi-skeletonized perpetual calendar dual-time wristwatch with small seconds, Italian calendar, 3-day power reserve, day and night, leap year indication, digital year display, zero-reset function, warranty and presentation box, numbered 17 of a limited edition of 33 pieces

Circa 2022
44mm diameter
Case, dial, movement and buckle signed

Estimate
HK$120,000 - 240,000 
€14,000-28,100
$15,400-30,800

Sold for HK$215,900

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2030
WatchesHK@phillips.com
 

Gertrude Wong
Head of Sale, Hong Kong
+852 2318 2045
gertrudewong@phillips.com
 

The Hong Kong Watch Auction: XIX

Hong Kong Auction 23 - 24 November 2024