The Record Ledger · updated July 2026 · 36 documented results
The 10 Most Expensive Panerai Watches Ever Sold
The most expensive Panerai watch ever documented by MostExpensiveWatches is the Panerai Radiomir Guido Panerai & Figlio ref. PAM01346, which realized $391,000 at Phillips Geneva in 2023 — the top of 36 documented results totaling $3,699,169.
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1
Panerai Radiomir Guido Panerai & Figlio
$391,000 · 2023 · Phillips Geneva
A unique piece created in collaboration with Phillips, featuring a vintage Angelus SF240 movement and sold for charity.
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2
Panerai Radiomir 'Small Egiziano'
$326,500 · 2012 · Christie's New York
An extremely rare military diver's watch made for the Egyptian Navy, featuring a Rolex movement and a 'Radiomir Panerai' sandwich dial.
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3
Panerai Luminor Marina Militare
$272,222 · 2014 · Christie's Geneva
A highly significant vintage piece with a Rolex movement and the iconic Panerai crown-protecting bridge, formerly property of the Italian Navy.
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4
Panerai Luminor Marina Militare
$211,270 · 2020 · Phillips Hong Kong
An exceptionally rare oversized diver's watch with a 'tropical' dial and the iconic crown-protecting device, issued to the Italian Navy.
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5
Panerai Radiomir 8 Giorni Brevettato 'Egiziano'
$178,000 · 2020 · Phillips Hong Kong
A massive 60mm professional diving tool watch developed for the Egyptian Navy, featuring an Angelus 240 8-day movement.
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6
Panerai Radiomir 'Big Egiziano'
$163,333 · 2015 · Christie's Geneva
An oversized 60mm diver's watch with an 8-day Angelus movement, originally produced for the Egyptian Navy in the mid-1950s.
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7
Panerai Radiomir
$161,000 · 2013 · Christie's New York
A rare Type C example with a 'Radiomir Panerai' dial and a caseback engraved with 'Xa. FLOTMAS No. 048', indicating use by the Decima Flottiglia MAS.
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8
Panerai Luminor 'Guardia di Finanza'
$155,000 · 2018 · Phillips Geneva
One of only two known examples issued to the Italian Guardia di Finanza, featuring a rare caseback engraving.
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9
Panerai Radiomir Platinum
$145,032 · 2012 · Christie's Hong Kong
The 'grail' of modern Panerai, this limited edition of 60 pieces features a vintage Rolex Caliber 618 movement and a platinum case.
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10
Panerai Radiomir Platinum
$127,000 · 2017 · Phillips Geneva
The first special edition produced under Richemont ownership, limited to 60 pieces and powered by a vintage Rolex 618 movement.
How the record was set
Every documented result that beat all before it.
| Year | New record | Watch |
|---|---|---|
| 2008 | $21,000 | Panerai Mare Nostrum · Bonhams Hong Kong |
| 2012 | $109,354 | Panerai Luminor 1950 8 Days · Christie's Hong Kong |
| 2012 | $120,967 | Panerai Radiomir Tourbillon GMT 'Lo Scienziato' · Christie's Hong Kong |
| 2012 | $145,032 | Panerai Radiomir Platinum · Christie's Hong Kong |
| 2012 | $326,500 | Panerai Radiomir 'Small Egiziano' · Christie's New York |
| 2023 | $391,000 | Panerai Radiomir Guido Panerai & Figlio · Phillips Geneva |
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Cite this record
Every figure above is a documented hammer price with a primary source on its lot page. Cite as “MostExpensiveWatches Record Ledger”, e.g.:
“The most expensive Panerai watch ever documented by MostExpensiveWatches is the Panerai Radiomir Guido Panerai & Figlio ref. PAM01346, which realized $391,000 at Phillips Geneva in 2023 — the top of 36 documented results totaling $3,699,169.” — MostExpensiveWatches, July 2026. https://mostexpensivewatches.net/most-expensive/panerai
Machine-readable: /data/records.json · See also the Grail Index and the daily Price Index.