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Top Quality Panerai 45.00 mm Watches (97) Items
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Top Quality Panerai 45.00 mm Watches (97) Items
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Replica Panerai 45.00 mm Watches Latest Reviews

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  • Panerai - The "Panerai Only" sale tests buyer interest

    On December 8, Artcurial auctioned off some 69 lots in a sale titled "Panerai Only," the first public auction dedicated to the Italian brand. The sale included timepieces made from the 1930s to the present day. Notwithstanding its commercial aspirations, it aimed to give greater visibility to a brand whose history and production were cloaked in secrecy for years due to its military connection.

    "The brand deserves to be better known by the public," said Marie Sanna-Legrand, a specialist in Artcurial's watch department. "Panerai has produced unusual diving watches since its founding. It was only natural for us to dedicate a sale to the brand just ahead of its 80th anniversary," she said.

    The 80th anniversary in question refers to the birth of the Radiomir, first made by Panerai in 1936 for Italian military divers. The brand itself dates back to 1860 when it started as a small shop backed by an atelier and watchmaking school, primarily supplying measuring instruments and diving watches to the Italian Marine.

     In 1997, the brand was acquired by the Compagnie Financiere Richemont. Today, Panerai produces its own movements and assembles its watches in a manufacture in Neuchâtel, Switzerland.

    In sheer numbers, the sale was less than spectacular. It totaled €1,014,010 (including premium) against a presale estimate of €1,325,800 (not including premium), with only 43 percent of the lots sold and 63 percent sold by value.
    "When you consider the historical pieces, 80 percent were sold," said Romain Rea, an outside specialist retained by Artcurial to procure consignments and prepare the catalogue. "Limited editions also sold well to collectors and dealers. It was the middle range, pieces priced between €3,000 and €15,000, what we call second-hand pieces, that sold less well, in the 20 percent range. This is a phenomenon we have witnessed globally in the watch market," he added.

    According to the auction house, two world records were achieved. Lot 52, labeled an exceptional and rare limited edition 1956 stainless steel diving watch was sold for €125,800. Lot 38, a Radiomir model PAM00021, a 1997 limited edition wristwatch with a Rolex movement and a re-edition of the 1938 Radiomir, sold for €103,500. Both found buyers at or close to their lowest estimates.

    Two other models, lots 25 and 40, from the 1950s, both with Rolex-manufactured movements, found buyers for €101,000, at their lowest estimates.

     "We had gathered historical pieces that trace the brand's history and important stages of production," Mr. Rea said. "There was a time when there were few clients for Panerai watches. Now, there is a growing collector base and the sale helped in further developing that base."

    Educating the public and developing a collector-base with an appreciation of the merits of a brand can help narrow the gap with the top market sellers, Patek Philippe and Rolex. Clearly, the global result of the Panerai sale pales in comparison to the spectacular results that, say, a Patek Philippe or Rolex sale can generate.  
    Just weeks before the Panerai Only sale, Sotheby's had sold the Patek Philippe Henry Graves Supercomplication for nearly $24 million. Christie's single brand Patek anniversary auction last November generated $19,7 million. A year earlier, Christie's single-themed Rolex auction titled "Rolex Daytona Lesson One" had fetched $13 million.

    While Christie's and Sotheby's may shun brands other top sellers for theme sales, auction houses like Artcurial can carve their own niche market and capture clients out-priced by a rare Rolex or Patek.
    "Thematic watch sales are a strategy we believe in and that we will continue in the future," said Ms. Valade, Director of the Watch and Jewel Department, Artcurial.

  • Panerai - Old-school sailing

    Ten yachts and their crews will leave Lanzarote in the Canary Islands today in a race across the Atlantic Ocean to Martinique in the Caribbean. But the yachts are not high-tech, futuristic multihulls (one is nearly 90 years old) and their skippers are far from being superstars of sailing.

    As its name suggests, the Panerai Transat Classique is more concerned with reminiscing about the golden age of sailing, pitting the wits of the skippers against the elements and the weather. In keeping with the spirit of the race, some skippers choose to navigate only by sextant.

    Gildas Rostain, skipper of , the winner of the inaugural 2008 edition of the race, sums up the atmosphere on this unique regatta: "The days pass too quickly, so you owe it to yourself to remain positive every minute you are aboard, even in the most difficult moments. Make the most of the special moments. Have a drink, sit back and enjoy the sunsets in the trade wind zones, the shine of the varnished wood, that obedient spinnaker... Don't miss a second of it!" 

    What's more, for the third edition of this transatlantic race, the organisers have made the course even more difficult. Right at the start, the skippers have to take a gamble: head south to pick up as soon as possible the powerful trade winds that will carry them across the Atlantic, navigate through the Canary Islands archipelago to save on distance (it's the shortest route) but risk getting caught in the calm of the lee of the islands, or seek out the ber, but often more fickle, winds to the north. You can follow their progress in real time, and see whose gamble paid off, on the official website of the Panerai Transat Classique.

  • Panerai - Mare Nostrum - 52 MM

    The Mare Nostrum, the most mysterious and rarest of all Panerai models, returns thanks to an exceptional re-edition that is absolutely faithful to the main characteristics of this impressive chronograph: case, measurements, dial and production processes. The result is a large watch with big historical appeal and big visual impact.
    Mare Nostrum is the chronograph that Officine Panerai supplied to the Italian Navy in 1943 as standard issue for officers on deck. The ongoing historical events put an end to any possible development of this model, of which only a very few prototypes were produced - almost certainly three in total - of which first all trace and then all relative documentation was lost, following the flood that hit Florence in 1966.
    Discovery by Officine Panerai of one of the prototypes, now part of the collections at the Officine Panerai Museum in Florence, enabled creation of a new Mare Nostrum an extraordinary model from a collectors' point of view, in a single edition of just 99 examples that reproduce the original right down to the smallest detail.


    The Mare Nostrum - 52 mm has an impressive brushed case in three parts and measuring 52 mm in diameter, like the original. With very b lugs, it has a tonneau shape, but looks round due to the wide flat bezel with ridged edge on which, just as on the prototype, a fine circular mark stands out, perhaps due to an unfinished process or a reference mark for a subsequent scale engraving. The screw-down back plate has four grooves to assist unscrewing and this too is in brushed steel, but unlike the original, it features a sapphire crystal window through which the movement can be seen. The cylindrical winding and regulating crown, with the words Mare Nostrum engraved on its ridged edge is of the screw-down type and the pump buttons are cylindrical.
    The watch is guaranteed watertight to 3 bar (about 30 metres), a depth that depended on the historical use of the Mare Nostrum. The two reasons for this were that, firstly, the model was designed for use on ships and not underwater and secondly, at that time it was virtually impossible to make the chronographic buttons on a watch totally waterproof for any length of time.
    Protected by a 1.6 mm thick anti-reflective sapphire crystal, the dial has a black base and two levels. The outer, upper ring, bears small Arabic numerals, stick hour markers and round minute markers, all coated in luminescent material. The central one level, over a millimetre lower, bears the names of the brand and model and the two subsidiary dials. On the left the small seconds one, on the right the minute counter, set to 45, as was the norm in those days. The considerable gap between the two layers of the dial gives it unique depth and the chronograph hand, unlike the luminescent hour and minute hands, is blue, just like the prototype.


    This new edition of the Mare Nostrum uses, like the original, a hand-wound mechanism: OP XXV calibre, deriving from a Minerva calibre that measures 16 ¾ lignes. The balance makes 18,000 alternation an hour, the same as the Angelus movement of the prototype. Fitted with a anti-shock device, the column-wheel movement can easily be seen through the window on the back plate and all the levers are polished with rounded corners.
    With reference PAM00300, Mare Nostrum - 52 mm even has the same strap colour and material as the original: military green in leather-lined fabric. The buckle however is different, larger and trapezoidal in shape, like all current models by Officine Panerai.

Panerai 45.00 mm

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