On occasion, Christie's has a direct financial interest in lots consigned for sale which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. This is such a lot. This indicates both in cases where Christie's holds the financial interest on its own, and in cases where Christie's has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful.
The "Egiziano" reference GPF 2/56
Following a request of Commander Fawzi of the Egyptian Navy who attended the Commando School of the Italian Navy, Panerai developed the legendary reference GPF 2/56, its internal code derived from the month and year of its projection, February 1956.
Nicknamed the "Egiziano" (Italian for "Egyptian") this model is the largest of all Panerai wristwatches ever made with an impressive diameter of 60 mm. It furthermore featured a revolving bezel graduated for 5 minutes. Most notably it was fitted with the well-known Angelus 8-day movement which already found use in a small number of reference 6152 (see lot 324). Earlier examples of GPF 2/56 were equipped with the "Radiomir" dial, later models had the "Luminor" version.
Regrettably, no documentation survived in regards to the precise number of "Egiziani" produced. Scholarship however stipulates that no more than 50 watches were supplied to the Egyptian Forces and that few other examples were made as prototypes.