{"listing": {"id": "h_6865274077259", "title": "Panerai Panerai Luminor Marina Logo PAM 005", "brand": "Panerai", "model": "Panerai Luminor Marina Logo PAM 005", "reference": "005", "price_usd": 4800.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": [], "merchant_slug": "hodinkee", "merchant_name": "Hodinkee Shop", "image_url": "https://cdn.shopify.com/s/files/1/0146/0732/products/Panerai-Luminor-Marina-Logo-PAM-005-10-10-PAM-X83AST-856117228594.jpg?v=1704284347", "detail_url": "https://mostexpensivewatches.net/listing/h_6865274077259", "buy_url": "https://mostexpensivewatches.net/out/h_6865274077259", "available": false}, "lang": "en", "url": "https://mostexpensivewatches.net/listing/h_6865274077259", "alternatives_url": "https://mostexpensivewatches.net/api/v1/listing/h_6865274077259/alternatives", "lower_priced": [{"id": "h_6865554702411", "title": "Panerai Panerai Luminor Marina Logo PAM 005", "brand": "Panerai", "model": "Panerai Luminor Marina Logo PAM 005", "reference": "005", "price_usd": 4500.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": [], "merchant_slug": "hodinkee", "merchant_name": "Hodinkee Shop", "image_url": "https://cdn.shopify.com/s/files/1/0146/0732/products/Panerai-Luminor-Marina-Logo-PAM-005-10-10-PAM-SE8YRF-5baaebcdf184.jpg?v=1701191479", "detail_url": "https://mostexpensivewatches.net/listing/h_6865554702411", "buy_url": "https://mostexpensivewatches.net/out/h_6865554702411", "available": false}], "similar_listings": [], "cohort": {"count": 2, "median": 4650.0, "low": 4500.0, "high": 4800.0, "brands": 1, "merchants": 1, "listing_price": 4800.0, "position": "highest", "delta_vs_median_pct": 3.2}, "reference": {"slug": "panerai-pam00522", "ref": "PAM00522", "brand": "Panerai", "model": "Radiomir 1940 Oro Rosso", "url": "https://mostexpensivewatches.net/reference/panerai-pam00522", "alternatives_url": "https://mostexpensivewatches.net/api/alternatives/panerai-pam00522"}, "cross_reference_alternatives": [{"reference": {"slug": "panerai-pam00659", "brand": "Panerai", "ref": "PAM00659", "model": "Radiomir 1940 10 Days GMT", "case_material": "18k Red Gold", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/panerai-pam00659", "description": "The Panerai Radiomir 1940 10 Days GMT PAM00659 was introduced around 2016 as a high-complication precious metal offering and is no longer in active production. Collectors target this reference for its 45mm case crafted in 18k 5Npt red gold, a proprietary alloy with a high copper content and a hint of platinum to prevent oxidation. It houses the in-house P.2003/10 caliber, a skeletonized automatic movement featuring three spring barrels providing a ten-day power reserve, a GMT function with an AM/PM indicator, and a linear power reserve display. The blue sun-brushed dial with sandwich construction distinguishes it from standard black-dialed models. On the secondary market, this reference typically trades between $22,000 and $28,000 depending on the presence of original box and papers. A notable production detail is the sapphire caseback, which showcases the intricate circular graining and skeletonization unique to the \"10\" series movements."}, "score": 20, "why_compare": "Same panerai collector universe; shared search intent: 18k, gold; similar gold case profile.", "listing_stats": {"count": 17, "median": 4500.0, "low": 3500.0, "high": 7695.0, "brands": 1, "merchants": 2}, "top_listing": {"id": "h_6895305982027", "title": "Panerai Panerai Radiomir 1940 GMT Power Reserve Mediterraneo PAM 946", "brand": "Panerai", "model": "Panerai Radiomir 1940 GMT Power Reserve Mediterraneo PAM 946", "reference": "1940", "price_usd": 7695.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": ["GMT / Dual Time"], "merchant_slug": "hodinkee", "merchant_name": "Hodinkee Shop", "image_url": "https://cdn.shopify.com/s/files/1/0146/0732/files/Panerai-Radiomir-1940-PAM-946-10-10-PAM-NA42PZ-89a8ebf51f3b_03d420a0-104d-40c0-a5da-d6a17b6e6ccf.jpg?v=1712725861", "detail_url": "https://mostexpensivewatches.net/listing/h_6895305982027", "buy_url": "https://mostexpensivewatches.net/out/h_6895305982027", "available": false}, "auction_comp_count": 1, "review_url": "https://mostexpensivewatches.net/review/panerai-pam00659", "alternatives_url": "https://mostexpensivewatches.net/alternatives/panerai-pam00659"}, {"reference": {"slug": "panerai-pam00655", "brand": "Panerai", "ref": "PAM00655", "model": "Radiomir 1940 3 Days Automatic", "case_material": "Stainless Steel", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/panerai-pam00655", "description": "The Panerai Radiomir 1940 3 Days Automatic PAM00655 was introduced in 2016 and remained in production for approximately three years before being discontinued. This reference is distinguished by its 42mm AISI 316L polished steel case and its white dial, which features large Arabic numerals and a small seconds sub-dial at nine o'clock. It is powered by the in-house P.4000 caliber, an automatic movement notable for its off-center micro-rotor made of tungsten, allowing for a thinner case profile of 10.93mm. Collectors value this model for its departure from the brand's traditional black dials and its wearable dimensions compared to standard 45mm or 47mm Radiomir cases. On the secondary market, the PAM00655 typically trades between $5,500 and $7,500 depending on condition and the presence of original packaging. A notable production detail is that this was the first white-dialed Radiomir 1940 to utilize the micro-rotor movement."}, "score": 15, "why_compare": "Same panerai collector universe; shared search intent: panerai, radiomir.", "listing_stats": {"count": 0, "median": 0, "low": 0, "high": 0}, "top_listing": null, "auction_comp_count": 1, "review_url": "https://mostexpensivewatches.net/review/panerai-pam00655", "alternatives_url": "https://mostexpensivewatches.net/alternatives/panerai-pam00655"}, {"reference": {"slug": "panerai-3646", "brand": "Panerai", "ref": "3646", "model": "Radiomir", "case_material": "Stainless Steel", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/panerai-3646", "description": "The Panerai Radiomir reference 3646 was produced between 1938 and the mid-1950s, primarily for the Italian Decima Flottiglia MAS. Collectors value this reference for its historical role as a functional military tool and its 47mm cushion-shaped stainless steel case manufactured by Rolex. It features the manual-wind Rolex Caliber 618 movement and wire lugs soldered to the case. Dial variations are a primary valuation driver, ranging from early \"California\" error-proof dials to the \"Sandwich\" construction designed for high luminosity. Due to its rarity and military provenance, secondary market prices typically fall within the $60,000 to $150,000 range, though exceptional examples can exceed this. A notable variant is the \"Kampfschwimmer\" version, often found with sterile dials lacking brand markings to prevent identification of captured German frogmen. In 2014, a 3646 with a rare anonymous dial sold at auction for over $120,000."}, "score": 13, "why_compare": "Same panerai collector universe; shared search intent: panerai, radiomir.", "listing_stats": {"count": 17, "median": 4500.0, "low": 3500.0, "high": 7695.0, "brands": 1, "merchants": 2}, "top_listing": {"id": "h_6895305982027", "title": "Panerai Panerai Radiomir 1940 GMT Power Reserve Mediterraneo PAM 946", "brand": "Panerai", "model": "Panerai Radiomir 1940 GMT Power Reserve Mediterraneo PAM 946", "reference": "1940", "price_usd": 7695.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": ["GMT / Dual Time"], "merchant_slug": "hodinkee", "merchant_name": "Hodinkee Shop", "image_url": "https://cdn.shopify.com/s/files/1/0146/0732/files/Panerai-Radiomir-1940-PAM-946-10-10-PAM-NA42PZ-89a8ebf51f3b_03d420a0-104d-40c0-a5da-d6a17b6e6ccf.jpg?v=1712725861", "detail_url": "https://mostexpensivewatches.net/listing/h_6895305982027", "buy_url": "https://mostexpensivewatches.net/out/h_6895305982027", "available": false}, "auction_comp_count": 6, "review_url": "https://mostexpensivewatches.net/review/panerai-3646", "alternatives_url": "https://mostexpensivewatches.net/alternatives/panerai-3646"}, {"reference": {"slug": "panerai-6154", "brand": "Panerai", "ref": "6154", "model": "Radiomir", "case_material": "Stainless Steel", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/panerai-6154", "description": "The Panerai Radiomir reference 6154 was produced in 1954 as a small batch of approximately 30 to 40 units commissioned for the Egyptian Navy. Known by collectors as the \"Egiziano Piccolo,\" this reference is distinguished by its 47mm stainless steel cushion case, which features a slimmer profile and more tapered lugs compared to the preceding 6152. It utilizes the manual-wind Rolex Caliber 618 movement. The dials were originally finished in black with radium-based luminous material, though many surviving examples have aged to a distinct tropical brown hue. Due to its extreme rarity and transitional design between early Radiomir and later Luminor models, the 6154 occupies a high tier in vintage collecting. Current secondary market values typically reside in the mid-to-high six-figure range. A notable 2016 auction result at Phillips saw a well-preserved example achieve over 320,000 CHF."}, "score": 13, "why_compare": "Same panerai collector universe; shared search intent: panerai, radiomir.", "listing_stats": {"count": 17, "median": 4500.0, "low": 3500.0, "high": 7695.0, "brands": 1, "merchants": 2}, "top_listing": {"id": "h_6895305982027", "title": "Panerai Panerai Radiomir 1940 GMT Power Reserve Mediterraneo PAM 946", "brand": "Panerai", "model": "Panerai Radiomir 1940 GMT Power Reserve Mediterraneo PAM 946", "reference": "1940", "price_usd": 7695.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": ["GMT / Dual Time"], "merchant_slug": "hodinkee", "merchant_name": "Hodinkee Shop", "image_url": "https://cdn.shopify.com/s/files/1/0146/0732/files/Panerai-Radiomir-1940-PAM-946-10-10-PAM-NA42PZ-89a8ebf51f3b_03d420a0-104d-40c0-a5da-d6a17b6e6ccf.jpg?v=1712725861", "detail_url": "https://mostexpensivewatches.net/listing/h_6895305982027", "buy_url": "https://mostexpensivewatches.net/out/h_6895305982027", "available": false}, "auction_comp_count": 1, "review_url": "https://mostexpensivewatches.net/review/panerai-6154", "alternatives_url": "https://mostexpensivewatches.net/alternatives/panerai-6154"}, {"reference": {"slug": "panerai-gpf", "brand": "Panerai", "ref": "GPF", "model": "Radiomir 8 Giorni Brevettato", "case_material": "Stainless Steel", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/panerai-gpf", "description": "The Panerai Radiomir 8 Giorni Brevettato, specifically the reference PAM00203, was released in 2005 as a limited edition of 150 units. Collectors prioritize this reference because it contains a historical Angelus SF240 manual-wind movement, a caliber originally used in vintage Panerai watches from the 1950s. The 47mm stainless steel case features a tobacco brown sandwich dial with a \"8 Giorni Brevettato\" inscription at the 3 o'clock position, referencing the eight-day power reserve. This model is no longer in production and represents a bridge between modern manufacturing and mid-century military components. On the secondary market, the PAM00203 typically commands prices in the $40,000 to $60,000 range, depending on condition and the presence of original documentation. A notable production detail is that the movements were sourced from vintage stock, refurbished, and finished with a circular graining pattern specifically for this release."}, "score": 13, "why_compare": "Same panerai collector universe; shared search intent: panerai, radiomir.", "listing_stats": {"count": 0, "median": 0, "low": 0, "high": 0}, "top_listing": null, "auction_comp_count": 2, "review_url": "https://mostexpensivewatches.net/review/panerai-gpf", "alternatives_url": "https://mostexpensivewatches.net/alternatives/panerai-gpf"}, {"reference": {"slug": "panerai-pam01346", "brand": "Panerai", "ref": "PAM01346", "model": "Radiomir Guido Panerai & Figlio", "case_material": "Platinum", "provenance": "extracted_from_auction_comps", "url": "https://mostexpensivewatches.net/reference/panerai-pam01346", "description": "The Panerai Radiomir Guido Panerai & Figlio PAM01346 is a unique piece produced in 2023. This reference is significant to collectors because it houses a refurbished vintage Minerva 16-17 movement, a manual-wind caliber dating back to the 1930s, which was the same era Panerai began supplying watches to the Italian Navy. The 45mm case is constructed from Platinumtech, a proprietary alloy designed to maintain its luster better than standard platinum. It features a solid gold sandwich dial with a textured finish and a \"Guido Panerai & Figlio\" signature, omitting the standard \"Radiomir\" or \"Luminor\" branding. As a unique piece created for charity, it sold at a Phillips auction in November 2023 for 355,600 CHF. While there is no established secondary market price range due to its one-of-one status, its value is anchored in the mid-six-figure range based on that public sale."}, "score": 13, "why_compare": "Same panerai collector universe; shared search intent: panerai, radiomir.", "listing_stats": {"count": 1, "median": 4900.0, "low": 4900.0, "high": 4900.0, "brands": 1, "merchants": 1}, "top_listing": {"id": "h_6856810790987", "title": "Panerai Panerai Radiomir 8 Days Titanio PAM 346", "brand": "Panerai", "model": "Panerai Radiomir 8 Days Titanio PAM 346", "reference": "346", "price_usd": 4900.0, "currency": "USD", "condition": "excellent", "box_papers": "full_set", "year": null, "case_material": "Stainless Steel", "case_size_mm": 40.0, "movement": "Automatic", "complications": [], "merchant_slug": "hodinkee", "merchant_name": "Hodinkee Shop", "image_url": "https://cdn.shopify.com/s/files/1/0146/0732/products/Panerai-Radiomir-8-Days-PAM-346-10-10-PAM-KHXG3L-9f6991e98852_3f5a44cf-07c9-4d91-8fa3-1cd1864dfff8.jpg?v=1710722448", "detail_url": "https://mostexpensivewatches.net/listing/h_6856810790987", "buy_url": "https://mostexpensivewatches.net/out/h_6856810790987", "available": false}, "auction_comp_count": 1, "review_url": "https://mostexpensivewatches.net/review/panerai-pam01346", "alternatives_url": "https://mostexpensivewatches.net/alternatives/panerai-pam01346"}]}