Contemporary, Limited Edition and Col...

New York, Grand Havana Room, May 13, 1999

LOT 33

Officine Panerai Firenze 1860, Mare Nostrum - Slytech Panerai, No 031, model 5218-302, made in 1996. Large and extremely rare, waterproof to 50 meters, stainless steel Aisi 316 L, military-type diving wristwatch with round button chronograph, register and tachometer, 30 hours power-reserve, a dark blue leather strap with a large stainless steel buckle, and a large thuya-root wooden fitted box containing the watch, an additional strap, a maquette of the Mignatta explosive mobile torpedo, the book "I Mezzi d'Assalto della Xa Flottiglia Mas" di Marco Spertini e Erminio Bagnasco, and a certificate.

USD 6,000 - 7,000

C. polished, satined, screwed dedicated back, signed by Silvester Stallone, manual winding system, tachometer graduation on the bezel. D. opaque blue brass with ISO 8/3 tritium-coated Arabic numerals and indexes + auxiliary seconds and 30 minutes register dials, sapphire crystal glass. "Baton" tritiumcoated hands. M. 13 1/4 "' Dubois-Depraz on a base ETA, rhodium plated, "fausses cotes" decoration, 43 jewels, lever escapement, Glucidur balance with 28.800 oscillations per hour, 4 adjustments, antishock system, self-compensating flat balance-spring, micrometer regulator, precision guaranteed to within 10 seconds/day. Dial, case and movement signed. Diam. 42 mm. Weight : 115 g.


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Grading System
Grade: AAA

Excellent
Case: 1

As new
Movement: *1

As new

Overhaul recommended, at buyer's expense
Dial: 1

As new

Notes

The Panerai Mare Nostrum watch is a reissue of the timepiece that Panerai designed for the Italian Navy in the 1940's, and was intended for use by officers aboard ship. Due to the outbreak of the war, this special navy-styled chronograph with luminous dial never entered into production. Panerai offers it now, based on the original design drawings. This particular model has been realized in a special edition, in agreement with Sylvester Stallone whose signature is on the watch. On the dial of the watch, there is the mark Slytech Panerai (Sly being the well known nickname for Sylvester Stallone) and on the base, Stallone's signature with the inscription: Spec/alEdition. Sylvester Stallone. This watch is No. 31 of this new limited series of 50 examples, although the back of the watch indicates No. 031/500. The dials of the first Panerai watches, in the 1940's, were made with diverse superposed plates fitted with each other: the bottom plate was luminous with "Radiomir" or "Luminor". The dial plate was pierced, so that the numbers were visible through the slots. Panerai very soon noticed that Radiomir was slightly radioactive, so they changed for Luminor. The numerals, indexes and hands of the present model are made with tritium, which has no radioactive effect at all. The "Mignatta", explosive mobile torpedo, the "S.L.C. Silvro a Lenta Corsa" was frequently used by the Italian Navy during WWII. Manned by one or two marines sitting directly on it, they could steer the torpedo close to the enemy objective. Swimming in the water, they could direct the projectile with great precision and let it continue its course to destroy its target. A small boat would then pick up the marines.