Important Collectors’ Wristwatches, P...

New York - The Fuller Building, Mar 28, 2007

LOT 269

"Platinum PAM 21" Officine Panerai, Firenze 1860, ?Radiomir?, No 30/60. Made in a limited edition of 60 pieces in 1997 to commemorate the first production of Radiomir Panerai watches for the Italian Navy in 1937. Very fine and extremely rare, cushion-shaped, large, water-resistant to 30 meters, platinum military-type diver?s wristwatch with Rolex movement and an 18K white gold buckle. Accompanied by a wooden fitted box, certificate and an additional, solid platinum case back.

USD 80,000 - 100,000

EUR 60,000 - 80,000

Sold: USD 140,400

C. Three-body, solid, polished, transparent screwed-down case back, screwed-down crown, wire lugs, sapphire crystals. D. Black with luminous Arabic numerals and indexes. Luminous yellow gold "baton" hands. M. Cal. 618, signed Rolex and designed after the 1940s original movement, rhodium-plated, "fausses côtes" decoration, 17 jewels, straight-line lever escapement, monometallic balance with 18'000 oscillations per hour, shock absorber, self-compensating flat balance spring. Dial and case back signed. Movement signed Rolex. Dim. 47 x 47 mm. Thickness 12 mm.


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Grading System
Grade: AAA

Excellent
Case: 1

As new
Movement: 1

As new
Dial: 1-01

As new

HANDS Original

Notes

PAM 21 The first of all the Panerai editions, and perhaps the most sought after by collectors, this is a 1997 special re-edition of the first Radiomir Panerai watch originally produced for the Italian Navy in 1937. The PAM21 is as faithful a reproduction of the original Radiomir as possible. The watch was produced to the same dimensions, using vintage Rolex movements and fixed wire lugs. The present model is number 30 in a limited edition of only 60 examples.