Special Edition of only 60 Pieces
This watch is an amazing example of the PAM21 This is a 1-owner watch purchased brand new from Bucherer Watches in Switzerland. 100% complete right down to the smallest detail. The original owner even maintained the original bill of sale.
I’ve always had a mad love affair for the Panerai PAM21. Here is what I love about this watch-
#1. Sometime around 1997 60 PAM21’s were released with a retail MSRP of $25,000 each for a total sales of $1.5m. This is a significant number since it was rumored that $1.5m was the alleged purchase price that Vendome Luxury Group (Now Richemont) paid for the entire Panerai company. So, in essence this one watch literally financed the entire purchase of the Panerai Watch Company circa 1995. Not sure how accurate this story is but I’ve heard it from numerous sources…
#2. Made in only a scant 60 pieces for the entire world, the PAM21 is powered by a thought to be extinct New Old Stock 1950’s era Rolex movement. Allegedly, These movements were ‘cobbled together’ out of the un inventoried backstock remaining from the original Panerai company. That makes for an amazing Barn-type find of a discovery.
#3. The PAM21 comes with 2 casebacks, the sapphire exhibition caseback installed on the watch from the factory and an additional sold platinum caseback. Even cooler is the dedicated ‘Panerai’ tool designed to enable you to change our your caseback yourself (like some mad scientist or maybe a watchmaker!) If you think about the history of watches, what other watch has been sold with a caseback opener to change casebacks! For me that was really cool!
#4. Set the Standard for Thematic Special Edition Set – The PAM 21 set in my opinion is one of the coolest, most detailed and thematic of any watch ever produced. This was a special set, you could tell just by the incredible weight, the rich burlwood finish and gold framed keyhole, and the protective outer box. Opening the box revealed a desktop figurine complete with wooden base, an additional solid platinum caseback w/ tool, hardcover coffee table book, hand signed special edition parchment certificate and a removable tray. This was a complete package the likes of which I had never before seen in a special edition watch!
I can't imagine a more complete example of the PAM21 in existence. Don't let this serious collectors grail slip away!
**From the Atlas Collection**
purchased brand new direct from authorized dealer and upon purchase was put into storage - rarely (if ever) worn!
100% complete down to the tiniest detail including hang tangs, booklets, dealer stamped warranty, tools, etc.
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