This Newly-Reiterated Radiomir Guido Panerai & Figlio Timepiece Was Sold for a Record Sum at a Phillips Auction

Update: Last week, Panerai’s one-off Radiomir Guido Panerai & Figlio timepiece was officially sold at Phillips’ Geneva Watch Auction: XVIII auction. The one-off reference’s historical value is well-appreciated as it fetched a record sum of 355,600 CHF (approximately $392,121 USD).

“We witnessed an incredible moment at the auction in Geneva, as watch enthusiasts
and collectors acknowledged the heritage encapsulated in the Radiomir Guido Panerai & Figlio. The remarkable sale price affirms the timepiece’s worth and is also a nod to Panerai’s dedication to preserving our rich history,” Panerai’s CEO, Jean-Marc Pontroué comments.

All proceeds, which include the entire Phillips’ Buyer’s Premium, have been donated to the Intergovernmental Oceanographic Commission of UNESCO (IOC-UNESCO).

Original: Panerai has unveiled a new reiteration of the Radiomir Guido Panerai & Figlio reference, modeled after the iconic Ref. 3646 from the ’60s. The one-off timepiece will be offered at the Geneva Watch Auction: XVIII in collaboration with the Phillips auction house.

From build, and design, to the movement, the time-teller itself is a celebration of Panerai’s history and heritage. Many of its features, such as the 47mm sandwich dial, solid welded lugs, Marina Militare logo, and the Officine Panerai inscription are faithfully incorporated to honor its source inspiration. Completing the classic look, the watch is paired with a vintage oiled calf leather strap in a brown hue, with gold-tone topstitching that echoes the color of the indices and handset on the dial.

At the heart of this reference beats the Angelus SF240 caliber, a rare and historical movement that’s found in the Maison’s archives. Boasting an impressive 8-day power reserve, the timepiece is also capable of withstanding up to 50 meters underwater.

“This exclusive timepiece embodies a significant chapter of our storied heritage, breathing life into our past through the legendary Angelus caliber and celebrating our rich history. This initiative with Phillips, and its support to the UNESCO cause, reflects our commitment to continuously push boundaries. We are thrilled to see our history and technicity celebrated and embraced,” said Panerai’s CEO, Jean-Marc Pontroué.

The Geneva Watch Auction: XVII will take place on November 3, 2023. For more information regarding estimates and lots, head over to Phillips’ official website.

In other watch news, Luminox honors first responders with a limited-edition Pacific Diver.