Panerai - Racing Pulse New York Saturday, December 12, 2020 | Phillips
  • Manufacturer: Panerai
    Year: Circa 2017
    Reference No: PAM00700
    Movement No: 000116
    Case No: T34/50
    Model Name: Lab-ID
    Material: Carbotech™
    Calibre: Manual, cal. P.3001/C, 4 jewels
    Bracelet/Strap: Two Panerai rubber straps
    Clasp/Buckle: Panerai buckle
    Dimensions: 49mm Diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Panerai International Warranty Card, Certificate of Limited Edition, 34/50, fitted presentation box with key, and product literature.

  • Catalogue Essay

    Panerai’s “Laboratorio de Idee” is the research and development group within the company dedicated to finding horological inspiration from its own past and combining it with high-technology watchmaking with 50 specialised technician, and designers the group seeks to create timepieces that are of the highest quality, and craftsmanship in the field of horology.
    Long known for their historic dive and navigational pieces, the brand sought to create new models that were unmistakably Panerai, but with 21st century innovation. A synthesis of their research and ingenuity, in 2017, they released the Lab-ID Luminor 1950 Carbotech™ 3 Days (PAM700).

    The Lab-ID was a new creation made with rare, high-tech materials and space-age technical advancements. As a result, the entire movement uses no traditional oils or liquid lubricants of any kind, and impressively, was sold with an unprecendented 50-year guarantee. The 49mm Carbotech™ case is manufactured from carbon fiber using CARBOTECH™ technology – a composite material obtained from compressed, thin sheets of carbon fiber that is extraordinarily strong and durable.

    The movement is manufactured with a tantalum-based ceramic composite, which minimizes pivot friction making the need for lubrication unnecessary, while requiring only four jewels. Additionally, the escapement is made from silicon and a special coating, Diamond Like Carbon (DLC), which also eliminates the need for lubrication. The sandwich dial features a carbon nanotube coating, which absorbs nearly all light, making it appear extremely black with a velvety finish. The dial and hands are also illuminated with blue Super-LumiNova, and since printing cannot be performed on the nanotube coating, the words "Luminor Panerai" and “LAB-ID” are uniquely printed directly on the crystal.

    Fresh-to-the-market and consigned by the original owner, the present example is in outstanding overall condition. One of a limited edition of 50 timepieces and complete with certificate and presentation box, the LAB-ID is a rarely seen, modern timepiece that is at the forefront of technical advances in horology.

    Consigned by the Original Owner

  • 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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Ref. PAM00700
A fine limited edition Carbotech™ double barrel wristwatch with three day power reserve, International Warranty, Certificate, and presentation box

Circa 2017
49mm Diameter
Case, dial, movement and buckle signed

Estimate
$30,000 - 60,000 
CHF27,000-54,000
€25,300-50,500
HK$233,000-465,000

Sold for $69,300

Contact Specialist

Paul Boutros
Head of Watches, Americas & International Strategy Advisor
Senior Vice President
+1 212 940 1293
pboutros@phillips.com

Racing Pulse

New York Auction 12 December 2020