Important Modern and Vintage Timepieces.

Geneva, Nov 13, 2010

LOT 462

Panerai Luminor Panerai, ?Luminor?, case No. 124982, Ref. 6152/1. Made for the Italian military frogmen circa 1950. Very fine and very rare, large, thick, cushion-shaped, anti-magnetic, water-resistant, 8 days, stainless steel military diver?s wristwatch.

CHF 40,000 - 55,000

USD 40,000 - 55,000 / EUR 30,000 - 40,000

C. Three-body, polished and brushed, concave bezel, curved lugs, screw-down case back engraved ?SMZ 186?, patented winding-crown with security lever. D. Black ?Sandwich? with luminous Arabic numerals and baton indexes, subsidiary dial for the seconds at 9. Luminous yellow gold baton hands. M. Cal. Angelus 12.55, rhodium plated, 15 jewels, straight line lever escapement, monometallic balance, shock absorber, self-compensating flat balance spring, index regulator. Dial signed Panerai, case numbered and movement signed Angelus. Dim. 47 x 47 mm. Thickness 18 mm.


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Grading System
Grade:
Case: 3

Good
Movement: 3*

Good

Overhaul recommended, at buyer's expense
Dial: 3-01

Good

HANDS Original

Notes

Officine Panerai produced watches and other tools in Florence for the Italian military and other Italian specialist dive units. Every watch given to the Italian Navy Dive Unit was engraved with the initials ?S.M.Z.? on the outside of the case back (for ?Sommozzatore?, or "diver" in English) and the diver?s serial number. The present lot is engraved ?S.M.Z., 186?, indicating that this watch was assigned to a military diver with this serial number.
The term ?Luminor? on the dial refers to the luminous substance used to ensure that the dial was legible even in very dim light.