Panerai. A large and very rare titanium-nitrate treated stainless steel cushion-shaped wristwatch with Certificate, mahogany box and book
Prospective purchasers are advised that several co… Read more Property of the Original Owner
Panerai. A large and very rare titanium-nitrate treated stainless steel cushion-shaped wristwatch with Certificate, mahogany box and book


Panerai. A large and very rare titanium-nitrate treated stainless steel cushion-shaped wristwatch with Certificate, mahogany box and book
Signed Panerai, Luminor Marina, no. 0093, Ref. 5218-203/A, case no. 6047, circa 1994
Cal. 6497 mechanical movement, 17 jewels, black "sandwich" dial, luminous baton and Arabic numerals, luminous hands, subsidiary seconds, large cushion-shaped water-resistant-type case, screw back, crown protecting bridge, large stainless steel Panerai buckle, case, dial and movement signed
44 mm. wide & 53.5 mm. overall length
Special notice

Prospective purchasers are advised that several countries prohibit the importation of property containing materials from endangered species, including but not limited to coral, ivory and tortoiseshell. Accordingly, prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import this lot into another country.

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Sabine Kegel
Sabine Kegel

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Lot Essay

With Panerai Registration and Service booklet containing both a Certificate stamped 25 November 1994 stating that the watch has undergone all of the inspections prescribed by Panerai quality control procedures and a Warranty card page stamped by an Italian retailer and dated 8 May 1995. Furthermore delivered with a book in Italian entitled I Mezzi D'Assalto Della Xa Flottiglia Mas, 1940-1945 by Marco Spertini and Erminio Bagnasco, Edizione Speciale, Ermanno Alberteilli Editore, 1991. The title translates as "10th Assault Vehicle Flotilla, 1940-1945." The Decima Flottiglia MAS (which is also known as La Decima or X MAS) was a unit of combat swimmers, or Frogmen, from Italy's Royal Navy during World War II. The lot is also accompanied by two spare Panerai straps, one Panerai screw driver and a mahogany box with silvered Panerai plaque on the front.

Purchased by its present owner in 1995, this watch has never been offered in public before and is furthermore preserved in excellent overall condition, still retaining remainders of the protective seal on the case back.

This "Luminor Marina" is one of the exceedingly rare and highly collectible so-called "Pre-Vendôme" models.

The celebrated manufacture Officine Panerai, founded in 1860 by Giovanni Panerai, had been supplying diving instruments and equipment followed by watches to the Italian Navy since the late 19th century. Panerai's precision devices, notably compasses, manometers and watches, were supplied to Italian naval forces, hence the designation "Marina Militare", and later to naval forces of other countries, but were never sold publicly.

In 1993, while still belonging to the Panerai family, Officine Panerai re-issued a watch originally developed in the 1930s for the Italian Navy. Based on the original drawings of the "Panerai Radiomir" watch, the Luminor Marina was the first PVD coated military wristwatch ever available to the public. The watches were fitted with the hand-wound, anti-magnetic ETA UT 6497 movement, 44 mm. black PVD coated stainless steel case, case back engraved with the "OP" arrow logo, reference and serial numbers, "sandwich" dial, large PVD coated buckle also featuring the "OP" logo sewn into the leather strap.

Physical Vapour Deposition or PVD coating has been used for decades primarily in military applications because of its outstanding wear-resistant properties. It is easily distinguishable by its black matte, gun metal or stealth appearance.

Following the acquisition of Panerai by the Vendôme Luxury Group (now Richemont Group) in 1997, several details on the watches produced thereafter were modified, most notably the "OP" logo, which was discontinued, rendering the early models highly coveted collector's pieces.

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