Phillips Racing Pulse New York Auction 12 December 2020 | Panerai Lab-ID Carbotech™ PAM01700 sold for USD 81'900

LOT 46

Panerai Ref. PAM01700

A very fine, limited edition Carbotech™ double barrel wristwatch with three day power reserve, International Warranty, Certificate, and presentation box, number 1 of 70. Circa 2020. Diameter: 49 mm

Estimate

$30,000 - 60,000 
CHF27,400-54,800
€25,400-50,800
HK$233,000-465,000

SOLD FOR $81'900

Manufacturer: Panerai
Year: 2020
Reference No: PAM01700
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 Essay

In 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, is 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.

All photos (c) Phillips