NEWS & EVENTS

THE “PANERAI ONLY” AUCTION IN PARIS: PROCEEDS OF OVER ONE MILLION EUROS AND TWO WORLD RECORDS

7 January, 2015

7 January, 2015THE “PANERAI ONLY” AUCTION IN PARIS: PROCEEDS OF OVER ONE MILLION EUROS AND TWO WORLD RECORDS

On 8 December, in the “Panerai Only” auction organised by the well-known Artcurial auction house for Officine Panerai, about one hundred models of the Florentine brand were offered, divided into three sections: Vintage (1930-1950), "Pre-Vendome" (1993-1997) and “Vendome" (1997 to the present).

Two world records were broken by two models of great importance in the history of Panerai. The first was an extremely rare “Radiomir Egiziano”, the diver’s watch made in 1956 for the Egyptian Navy, which was sold for $155,000, beating the previous record price for this model.

The other world record was broken by a Radiomir PAM00021, a Special Edition of 1997 in platinum with a case design extremely faithful to that of the watch created by Officine Panerai for the frogmen of the Royal Italian Navy in 1938, which was sold for $127,000.

Two other vintage models, a Luminor and a Marina Militare, both with Rolex movements, each made over 120,000 euros, well above the initial auction estimates, while a Luminor 1950 8 Days (PAM00203), a Special Edition of 2005 with an Angelus eight-day mechanical movement, was sold more than $80,000.