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1031. Panerai A fne and rare limited edition stainless steel wristwatch with 8-days Angelus movement, guarantee and presentation box, numbered 111 of a limited edition of 150 pieces 沛納海,型號PAM203,十分精細及罕有,限量版精鋼腕錶,配「Angelus」 機芯,限量發行150枚,編號第111號,約2005年製。附錶盒、原裝證書、 備用皮帶和配件 Manufacturer Year

Panerai Circa 2005

Reference No. Case No. Model Name Material Calibre

PAM 203 BB 1171753 Luminor 1950 Stainless steel Manual, cal. Angelus 240, 15 jewels Bracelet/Strap Leather Clasp/Buckle Stainless steel Ofcine Panerai pin buckle Dimensions 47mm Diameter Signed Dial, case and

Panerai’s PAM 203 was an instant success when released in 2005, as it was a combination of both vintage and contemporary horology. The timepiece featured a modifed Angelus caliber 240 movement, which had remained in stock and unused for years. Panerai spent two years refurbishing the movements and encasing them in their icon stainless steel cushion-shaped wristwatch before ofering them in a limited edition of 150 examples.

movement signed Estimate

HKD 240,000-480,000 USD 30,800-61,500 Accessories Further delivered with certifcate dated November 2005, guarantee card, ftted presentation box, wallet, book, setting tool, extra leather strap, hang tag, product literature and outer packaging.

To increase their exclusivity, Panerai CEO Angelo Bonati personally selected the true Paneristi who would be ofered each watches. The present example number 111 is in excellent overall condition and complete with certifcate and presentation box. It is an interesting reminder of the glorious past of Panerai.

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