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Panerai PAM 360 “Paneristi” Edition

Kyle — Fri, 02 Jul 2010 17:55:54 +0000

Celebrating 10 years of Paneristi…

Members of the Panerai Brotherhood known as “Paneristi” are weeping with joy over the July 1 announcement of a new, limited edition Panerai Luminor — aka the PAM360 — that will be produced specially to commemorate the 10 year anniversary of Paneristi.com (the unofficial and undisputed resource on all things Panerai):

Only 300 will be made — meaning that the PAM 360 is set to become one of the most highly coveted and sought after Panerai’s. The Paneristi “Mod team” (the forum Moderators) along with some other key players appear to have helped design the watch and make it all happen. The PAM360 is a 44mm Luminor with black PVD case, patina dial markers, and the “OP” logo:

Panerai Luminor “Paneristi” (PAM 360)

The case back has special commemorative language ala “Paneristi.com Tenth Anniversary”:

How exactly Panerai will allocate these watches is unknown (to me at least) — I only hope that it is done via a lottery or random drawing as opposed to a “political” process such as allocation as determined by the Mod team or according to one’s “contribution” to the website over the years. The price will be $6,700 USD (5,500 EURO/630,000 JPY/52,500 HKD).

I really applaud Panerai and other brands such as IWC who make special edition watches such as these. I think that these models payback almost unlimited dividends to the brands in the form of an even deeper passion and sense of loyalty amongst their most dedicated fans.

Panerai Radiomir Regatta 2010 (PAM 343)

Kyle — Thu, 01 Apr 2010 14:03:22 +0000

New limited edition Panerai…PAM 343

The association between classic yachting and Officine Panerai has been renewed for 2010, with the sixth edition of Panerai Classic Yachts Challenge, an international circuit of regattas reserved for vintage and classic sailing boats. In keeping with annual tradition, Officine Panerai has created a special limited edition watch – The Radiomir Regatta 1/8th Second Titanio, a split-seconds chronograph with a 1/8th second foudroyante function and an express scale in knots for the calculation of the average speed of the vessel. Quite nicely it will be the prize for the winners of each heat in the different construction classes of the Panerai Challenge!

Panerai Radiomir Regatta 2010 (PAM 343) – Limited Edition of 500

47mm brushed titanium case, “OP” crown, Panerai OP XXI caliber (automatic mechanical), 1/8^th second counter at 9’oclock, Water resistant 100 meters, Leather strap with brushed titanium buckle

Panerai Press Release: For the 2010 edition of the Panerai Classic, the circuit has grown thanks to new and prestigious regatta fields: for the first time, the historical British Classic Yacht Club Cowes Regatta (Isle of Wight, Great Britain) and the Corinthian Classic Yacht Regatta (Marblehead, USA) are also part of the circuit. The latter is one of the most famous and exclusive American yachting centres, as well as being the historical birthplace of the American Navy.

The inclusion of the Corinthian Classic Yacht Regatta represents an important change for the Panerai Classic Yachts Challenge, not just because of the prestige of the event but also, for the first time, the American regattas are combined to form an independent Trophy, parallel to that of the Mediterranean: the North American Panerai Classic Yachts Challenge. This Trophy event takes place entirely in the waters of New England and is made up of the Marblehead Regatta, the Newport Opera House Cup and the Museum of Yachting Classic Yacht Regatta, also in Newport. The Antigua Classic Yacht Regatta Trophy however remains an independent event, and in April, like every year, it will open the Panerai Classic Yacht Challenge in the clear waters of the Caribbean island.

The other great change in 2010 is the British Classic Yacht Club Panerai Cowes Regatta. With more than 65 classic yachts expected at the start, this traditional appointment – held every year, in July, in the waters of the Solent, the stretch of sea which separates the Isle of Wight from Great Britain – is likely to be the largest regatta reserved for vintage and classic sailing boats ever held in the region.

Prestigious confirmations for the Mediterranean circuit of the Panerai Classic Yachts Challenge: as well as Les Voiles d’Antibes and the Régates Royales in Cannes, which open and close the circuit season every year in the Costa Azzurra, the circuit features the spectacular meeting of the Vele d’Epoca in Imperia, which every other year brings to the Ligurian coast an exceptional number of vessels from every class, and the traditional Copa del Rey in Mahon, on the island of Minorca.

Among the more than 500 vintage boats taking part in the Panerai Classic Yacht Challenge regattas, 2010 will also see the debut of Eilean, the Bermudan ketch built in 1936 in the legendary Scottish Fife boatyards, which was purchased and painstakingly restored by Officine Panerai, as part its commitment to safeguarding and promoting classic yachting.

Panerai and Ferrari Part Ways; Watch Values Plummet, Opportunity Knocks?

Kyle — Tue, 09 Mar 2010 03:43:08 +0000

65% Off A Panerai for Ferrari Gran Turismo Rattrapante Chronograph, Anyone?

The end of the fabled Panerai / Ferrari watch partnership was announced last week by watch industry omniscient Gregory Pons (Business Montres). The announcement was also picked up echoed very shortly therafter by watch blogger Areil Adams over at Luxist (for those of you who prefer English). While the reasons for the possibility that this partnership was doomed from day 1 are perhaps obvious and fully appreciated, I think that there is yet one unanswered question. That is, what will happen to the future value of these watches now that their status is officially “post-production”? Will their value increase or decrease? Will they one day – perhaps one year from now, perhaps ten – ultimately become items of great value? Or dusty relics of another luxury marketing partnership gone south? I tend to think the latter is the case, and that these watches have seen their high watermark when it comes to the price.

Case in point: just today I happened upon a “small number of Panerai for Ferrari Gran Turismo Rattrapante Chronographs…available…for a very limited time at a very special price.”

FER 005, Brand New Never Worn, Offered at $4,995

In fact, at the offered price of $4,995, these watches – the bearing the FER 005 reference number – are fetching just under 35% of their original retail price. Put another way, they are over 65% off. This represents a significant discount to the current asking prices for these watches on the ‘Net grey market. It is even way below what some individuals are asking for a used FER 005’s. While this is most likely very unfortunate if you are a seller or holding inventory of these watches, it is for you as a buyer a chance to own a high quality Panerai watch with Ferrari logo at a phenomenal price.

If you are interested in the dealer who is offering Ferrari Gran Turismo Rattrapante Chronograph watches at 65% off retail, send me an email or ping me on Twitter and I’ll tell you. And in case you wonder, I have no relationship or financial interest in helping to sell these watches, I merely use them to make my broader point…..

which is that the dissolution of the Panerai / Ferrari partnership and the unheard of liquidation sale for the FER005 is NOT merely a coincidence! And although this is merely a sample size of one, I think it portends a very soft market for the Panerai Ferrari watches for many years to come.

What is your opinion on these watches and their future value?

SIHH 2010 Panerai Luminor 1950 Ceramic (PAM 335)

Kyle — Mon, 25 Jan 2010 23:24:20 +0000

Still sifting through the massive onslaught of new watches from SIHH 2010…fun, fun…here is one more Panerai that caught my eye - the Panerai Luminor 1950 Ceramic (aka PAM 335). More than just catching my eye (which can be a good or a bad thing, you know ), this watch has the signature Panerai look, it is in ceramic, with Panerai in-house movement (P.2003) with 10 days power reserve, and with useful functions (ie GMT and date function). Basically – this is my kind of watch! And….an estimated $20,000 per, I think I’ll take two

Seriously though, I think this watch is something I could proudly and comfortably wear – unlike the 52mm Mare Nostrum PAM 300 (way too big), or the Radiomir Skeleton PAM 348 (looks cool and has ceramic case, but too edgy of a “Panerai” for me), or the Luminor 1950 Tourbillon Equation of Time titanium PAM 365 (if I get an EOT it would probably be an Audemars Piguet). Now, if only I could do something about that price tag…

So, what do you think of this watch? Yay…or nay?

By the way, if you have not already, you can see all the 2010 Panerai collection here on our SIHH forum.

SIHH 2010 Panerai Luminor 1950 Tourbillon Equation of Time Titanium PAM365

Kyle — Mon, 18 Jan 2010 10:46:29 +0000

OK last Panerai I wanted to throw up here for now as it looks to be impressive – just a bit of a teaser pic, but this is the Panerai Luminor 1950 Tourbillon Equation of Time Titanium also known as PAM365. The watch is in 50mm titanium case with the equation of time complication – all of which means it is not cheap – about $220,000.

Stay tuned for more information and other new 2010 Panerai’s here in the SIHH 2010 forum.

SIHH 2010 Panerai Composite Marina Militare PAM 339

Kyle — Mon, 18 Jan 2010 10:39:11 +0000

Radiomir Composite® Marina Militare 8 Giorni – 47 mm (PAM00339)

Another interesting new one from Panerai, the PAM 339. This one is turning out to be THE hot watch from Panerai for 2010, because of its unique look largely from its “composite” case material (read about it below). The PAM339 has a 47mm case and Panerai’s P.2002 caliber in it. It will be priced at about $15,000 USD. Full specs are posted below the high-res photos. I like the look! You can see the rest of the 2010 Panerai’s here. Here’s the watch including some great close up photos:

The new Radiomir Composite® Marina Militare 8 Giorni – 47 mm introduces itself by showing the two most authentic sides of Officine Panerai: state-of-the-art technological innovation and a deep-rooted history.

The material used for the case is truly innovative in the field of fine watch-making: the Panerai composite is a material whose features and performance are exceptional, being practically immutable over time. The result of an electrochemical process of ceramization of the aluminium, this material is harder than the ceramics normally used for cases in watch-making (zirconia), and also harder than metals like steel and titanium, as well as being lighter. Thanks to its qualities of ductility and reliability, the Panerai composite allows for complex and extremely precise workings and is the result of processes that, up to now, were employed in the creation of components for the aeronautic industry and for car and motorcycle races requiring the highest levels of performance.

From the aesthetic viewpoint, the Radiomir Composite® Marina Militare 8 Giorni – 47 mm has a mono-colour look: the matt, deep brown of the 47mm Radiomir case and of the crown are in tune with the brown of the dial and strap in vintage leather. The stitching of the strap is a reminder of the ecru colour of the Super-LumiNova® on the hands and the other elements of the ‘sandwich’ dial: indexes and numerals, small-seconds dial at 9 o’clock, the RADIOMIR COMPOSITE MARINA MILITARE 8 GIORNI – 47 MM
words Marina Militare and Panerai and the second dial with the inscription 8 giorni brevettato, deriving directly from the historic models.

The movement of the new Radiomir Composite® Marina Militare 8 Giorni – 47 mm is the P.2002/7 Calibre, entirely developed and built by Officine Panerai. Hand wound and with a 13 ¾ lignes diameter, the movement is made up of 191 components and has three barrels ensuring a long power reserve of around 8 days, a traditional feature of Panerai watches since the 1940s.

The Radiomir Composite® Marina Militare 8 Giorni – 47 mm (PAM00339) is a special edition of 1000 watches that pays homage to the historic link with the Italian Navy, to which Panerai was a specialised supplier. This is not the first watch Officine Panerai has dedicated to this alliance. Indeed, in the past it created special limited editions like the Luminor Marina Militare in 1998 and the Panerai Luminor Marina Militare in 2005. The trademark Super-LumiNova® is not the property of Officine Panerai.

TECHNICAL SPECIFICATIONS

Movement: Hand-wound mechanical, Panerai P.2002/7 calibre, executed entirely by Panerai, 13 ¾ lignes, 6.6 mm, 21 jewels, Glucydur® balance, 28,800 alternations/ hour. KIF Parechoc® anti-shock device. Power reserve 8days, three barrels. 191 components.
Functions: Hours, minutes, small seconds.
Case: Diameter 47 mm, brown Panerai composite material, with removable wire loop strap attachments (patented). Winding crown personalized Panerai.
Bezel: Panerai composite material.
Back: Panerai composite material.
Dial: Brown with luminous Arabic and Roman numerals and hour markers. Small seconds at 9 o’clock. Crystal: Sapphire, formed of corundum, 1.9 mm thick. Anti-reflective coating. Water-resistance: 10 bar (100 metres).
Strap: PANERAI personalised leather strap and large size brown Panerai composite material.
Reference: PAM00339

The trademarks Glucydur®, KIF Parechoc® and Incabloc® are not the property of Officine Panerai.

http://www.perpetuelle.com/UsrViewForumDetails.aspx?UsrForumTopicid=2253&Mode=A&Catid=165&Ty=&UsrForumId=5529&topictag=SIHH%202010&type=Keyword_Tags

SIHH 2010 Panerai Radiomir Skeleton PAM 348

Kyle — Mon, 18 Jan 2010 10:29:44 +0000

This is another one from Panerai that caught my eye because it is so NOT a Panerai – or at least a Panerai as I’ve known them for all these years. Sure to be some mixed reactions to this one from the Paneristi, particularly as this one may be selling for more than $150,000 US – but I like Panerai for pushing the envelope a bit this year. This watch is also “Panerai sized” at 48mm case.

Again you can see all the new 2010 Panerai models here on Perpetuelle’s Official SIHH 2010 forum. There are definitely some lookers in there! I may post 1-2 more that caught me eye here on the blog. Will be back with specs, too!

SIHH 2010 Panerai Mare Nostrum PAM 300

Kyle — Mon, 18 Jan 2010 10:25:02 +0000

See all the new 2010 Panerai models here (well not quite all yet but many of them)

This is one of Panerai’s annual “Special Editions”, the “Mare Nostrum”. The case is a whopping 52mm – far, far too big for most. Price is about $36,000 UDS. This is a reissue of the Panerai Radiomir Mare Nostrum that was first introduced in 1943.

SIHH 2010: Panerai Luminor 1950 Chrono Monopulsante 8 Days Oro Rosa PAM344

Kyle — Wed, 13 Jan 2010 02:27:39 +0000

Here’s another new one that will be officially unveiled by Panerai next week – the Panerai Luminor 1950 Chrono Monopulsante 8 Days Oro Rosa, or PAM 344 for all you Paneristi out there who prefer ref no.’s. This watch has a 44mm pink gold case and inside it has Panerai’s in-house P.2004 Caliber in it, a hand-wound movement. It will be limited production of just 150 pieces. Panerai is proud of the fact that this watch not only has an 8 ‐ days power reserve mechanical movement, “but is also a technically accurate single push ‐ piece chronograph” – a challenge that only a few brands have taken on, Panerai notes. I like the more traditional “circular” design of the power reserve meter on this watch, as opposed to the horizontal meter Panerai uses on some of its other models.

If you missed my preview of the PAM 336, also in rose gold, check it out here – SIHH 2010: A Thinner, Smaller, Sleeker….Panerai?

SIHH 2010: A Thinner, Smaller, Sleeker….Panerai?

Kyle — Fri, 06 Nov 2009 02:23:23 +0000

UPDATE: You can see all the new 2010 Panerai models HERE on Perpetuelle.com’s Official SIHH 2010 Forum

Yes, watch fans it is true – a thinner, smaller, sleeker Panerai is scheduled to be born in 2010.

As I alluded to in my last post, 2010 may very well be the year of the small watch. And I say “small” in the most relative of senses and as I am silently laughing to myself. Perhaps “not as large” would be a better descriptor - especially when we are talking about a brand such as Panerai. If you did not know, Panerai was perhaps the initiator of the “big watch” trend when CEO Angelo Bonati presented what was at the time a collection of strikingly oversize watches…way back when….at SIHH 1998! And it was just last year that Panerai’s big watch ambitions were running strong as it released the limited edition Panerai Radiomir Egiziano – a watch that clocked in at a whopping 60mm (see it here)!!! But for SIHH 2010 we learn that Panerai – no longer just a “brand” as it was in 1998 but now a “manufacture” – will be moving in the other direction – thinner, smaller, sleeker. And with the help of a new movement, the Panerai Caliber P.999. Believe it!

So is the watch brand that started the big watch craze going to end it? Don’t hold your breath. However, First In Watches believes that this is a masterful move for Panerai. If you thought Panerai was “the” watch to own before, just wait until after this year’s SIHH! So here’s the watch, and some details on the new P.999 movement follow:

Panerai Radiomir P.999 42mm Pink Gold (PAM 336)

Limited Production of 500 pieces

The new Panerai P.999 manufacture movement – thickness of only 3.4 millimeters, individually numbered, a whopping 60-hour power reserve, and a swan neck regulator (a nice touch, I might add!):

Source: Panerai.

Dealing with Dictators – Wear Your Finest Panerai?

Kyle — Thu, 06 Aug 2009 22:11:03 +0000

Did Bill Clinton Wear A Panerai to Meet with North Korea’s Kim Jong Il?

As you know the primary interest here at First In Watches is, well, watches And after this, well, I guess expensive and exotic cars. Politics? Mmm, nope – it’s not on the First In Watches interest list, so please pardon (or thank) us for the complete lack of commentary on the obvious gravitas of the topic at hand – we’ll stick with what we know best

At present it remains uncertain which watch former United States President Bill Clinton wore in his actual meeting with North Korean Dictator Kim Jong Il earlier this week. However, press photos of Bill Clinton celebrating the return of the 2 captured US journalists reveal Clinton wearing a Panerai – ostensibly of the Luminor collection; specific model unknown. Presumably the photo you see below was taken shortly after Clinton’s return from his successful humanitarian mission to North Korea this past Wednesday. First In Watches shares with you here the most defining photo of Clinton and his Panerai, as he is pictured here with Current TV co-founders Al Gore and Joel Hyatt (Current TV is the employer of the 2 captured journalists):

Are they looking at Bill’s Panerai?

Photo: Reuters.

While First In Watches has been unable to timestamp the photo you see above, I think it unlikely that Clinton, amidst all the media attention, would have had the opportunity to change watches upon his arrival in the U.S. – unless of course he was travelling with more than one of his many fine watches.

However, knowing the watch aficionado and well-cultured man that Bill Clinton is, First In Watches is also a bit surprised that a watch as bold as a Panerai would be this Statesman’s choice of watches for such a mission. Perhaps a low profile Patek Philippe or Piaget would have been more appropriate? Then again, maybe it’s all about putting on your best “watch bravado” when you sit down with one of world’s most notorious dictators! Anyway – mission accomplished!

By the way, anyone care to proffer a guess at the particular model Clinton is shown wearing above?

Narco Bling: The Watches of Mexican Drug Kingpins

Kyle — Tue, 28 Jul 2009 07:20:54 +0000

Drug Lords Like Hublot, DeWitt, Cartier – or Anything Diamond Bezeled and Ostentatious!

The Wall Street Journal reporter John Lyons ran an interesting story last week about the odd items seized by Mexican authorities from drug lords. Of course my interest here is the watches, and I found this picture of a tray of seized watches rather fascinating – unless I am mistaken (which is entirely possible!), there looks to be 2 Hublot Big Bangs, a DeWitt, a Cartier, a Breitling, a Corum Golden Bridge, a Panerai for Ferrari, and a Jacob & Co. in that tray, among others! Read the entire curious article here, and watch the video here, or see a slideshow here (all part of the WSJ story). CRAZY!

Feel free to weigh-in with a comment if you can identify any more of the watches.

Photo credit John Lyons/The Wall Street Journal.