CHF 355,600 for the Radiomir Guido Panerai & Figlio.

Among the iconic pieces of the Geneva Watch Auction XVIII, organized by Phillips in Association with Bacs & Russo which raised 39 million Swiss francs, the unique Panerai Radiomir Guido Panerai & Figlio watch sold for CHF 355,600.

Not a vintage watch and not a contemporary timepiece either, but rather the result of two years of planning, dreams and exchanges between Jean-Marc Pontroué, CEO of Panerai, and Aurel Bacs, senior consultant and auctioneer with Phillips in Association with Bacs & Russo to create a watch fashioned with the standards of the third millennium and that also represented a cross-section of Panerai’s maritime history and Italian heritage. The Radiomir Guido Panerai & Figlio features a very rare historical example of the Angelus SF240 movement, with a Glucydur® balance wheel, the very same deployed in Panerai’s watches 62 years ago.

A caliber, specifically built for G. Panerai e Figlio, whose manufacturing dates to June 1961 as evidenced by the original engraving on the movement’s plate. The success achieved at auction, marks a milestone for Panerai and seals the synergy among Panerai and Phillips, united in the celebration of heritage, watchmaking expertise and the allure of exclusive collector’s pieces. All the proceeds, including the entirety of Phillips’ Buyer’s Premium benefit the Intergovernmental Oceanographic Commission of UNESCO (IOC-UNESCO).

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