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46PaneraiRef. PAM1700 A very fine, limited edition Carbotech™ double barrel wristwatch with three day power reserve, International Warranty, Certificate, and presentation box, number 1 of 702020 49mm Diameter Case, dial, movement and buckle signed Estimate $30,000 - 60,000 CHF27,200-54,500 €25,400-50,800 HK$233,000-465,000 Place Advance BidContact Specialist Paul Boutros Head of Watches, Americas & International Strategy Advisor Senior Vice President +1 212 940 1293 pboutros@phillips.com
Condition ReportRequest Condition ReportThank youfor your request. The Condition Report will be sent shortly.Contact Us* RequiredSend me the Report ViaEmailFaxContact SpecialistCancelDescriptionOur Buyer's Premium has been updated. View our Conditions of Sale.Manufacturer: Panerai Year: 2020 Reference No: PAM1700 Movement No: 000015 Model Name: Lab ID Material: Carbotech™ Calibre: Manual, cal. P.3001/C, 4 jewels Bracelet/Strap: Nylon Panerai Strap Clasp/Buckle: Panerai clasp Dimensions: 49mm Diameter Signed: Case, dial, movement and buckle signed Accessories: Accompanied by Panerai International Warranty Card, Certificate of Limited Edition, 01/70, fitted presentation box, and product literature. Catalogue EssayIn recent years, Panerai’s “Laboratorio de Idee” became the brand’s research and development arm, dedicated to finding horological inspiration from its heritage and combining it with innovative technology. Long known for historic dive watches, the brand sought to create new models that were clearly Panerai in design, but built with advanced innovations. As a result, after 2 years of development, in 2017 they released the Luminor LAB‐ID Carbotech (PAM700) made with high‐tech Carbotech™ and components made of a completely new low friction composite which integrates a Tantalum based ceramic. An instant hit amongst Panerai aficionados, it was sold with an unprecedented 50-year guarantee – see lot 45. Carbotech™ is a highly resilient, carbon fiber‐based material, which has been used in motorsports, as well as the aeronautical and bio‐medical industries. It is a material that is 14% lighter than titanium and 36% lighter that steel with a striking and dramatic matte black look. Phillips is proud to launch Panerai’s newest successor to the PAM700, the PAM1700 ‐ an all‐new Luminor Lab‐ID. Now offered with an incredible 70-year guarantee, its innovative movement, entirely executed by Panerai, will never require any oil or lubricants with its dry lubricated mainspring barrels, a silicon escapement, and self‐lubricating plates and bridges. Comprised of 203 components, the manually wound movement uses two mainspring barrels to provide three days of power reserve. This new generation LAB‐ID model also debuts a novel Super‐Luminova material developed specifically this year on the 70th Anniversary of the iconic Panerai Luminor collection. SuperLuminova Grade X1 was engineered with a particular design aesthetic in a shade that harkened back to the original neon green Pantone 802‐C color of the very first Panerai watches. Extremely durable and significantly brighter in even the farthest depths of the sea, this performance substance was created to accommodate the unique and distinctive external channels of lume on the inner bezel, logo, bridge, lever, crown and strap stitching – all geared towards improving the visibility of the watch in any lighting condition. The present watch, engraved with serial number 1 of a limited edition of 70, represents the official launching of this model. It is the first example to be offered to the public, is factory new and sold with original warranty and presentation box. Panerai timepieces are known for their robust designs and precision timekeeping, and their LAB‐ID models represent truly innovative watchmaking using their highest‐grade movements.Read MoreMaker BiographyPaneraiItalian • 1860 Follow Known for its robust designs and large case sizes, Officine Panerai was established in 1860 by Giovanni Panerai in Florence, Italy. Around 1900, Giovanni's grandson Guido Panerai took over, and Panerai became the supplier to the Regia Marina — the Royal Italian Navy. After supplying the navy with high-precision instruments for a number of years, Officine Panerai created Radiomir, a radium-based powder that gives luminosity to the dials of sighting instruments and devices. By 1936, the Royal Italian Navy approached Panerai again with the request to design a watch resistant to extreme underwater conditions. The