Unique Panerai & Figlio timepiece fetches record price at Phillips

Recently, a unique Radiomir Guido Panerai & Figlio timepiece was sold at a record sum of $ 392,121, including buyer’s premium, by Phillips in Association with Bacs & Russo, during The Geneva Watch Auction: XVIII at La Réserve Genève. Inspired by the legendary Angelus calibre of the 1960s Ref. 3646 modified, this exclusive watch houses a very rare historical example of the Angelus SF240 movement, with a Glucydur balance wheel – a calibre, specifically built for G. Panerai e Figlio, whose manufacturing dates back to June 1961 as evidenced by the original engraving on the movement’s plate – and is enclosed in a 47mm cushion shape casing of Panerai Platinumtech. Through the domed sapphire crystal, a sandwich dial emerges bearing the Officine Panerai inscription and the Marina Militare logo paired with gold-coloured hands and small seconds at the 9-hour mark. All the proceeds, including the entirety of Phillips’ Buyer’s Premium will benefit the Intergovernmental Oceanographic Commission of UNESCO (IOC-UNESCO).