Reference
Panerai Luminor 1950 8 Days
Reference PAM00203 · Stainless Steel
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About this reference
The Panerai Luminor 1950 8 Days PAM00203 was released in 2005 as a special edition limited to 150 units. Collectors prioritize this reference because it contains the vintage Angelus SF 240 manual-wind movement, a caliber historically used in 1950s Panerai watches. The 47mm stainless steel case features a 1950-style construction with a patented crown-protecting device and a brown sandwich dial displaying a sub-seconds register at nine o'clock and "8 GIORNI BREVETTATO" text at three o'clock. Due to the limited supply of original Angelus movements, this model occupies a significant position in the brand's modern history. On the secondary market, the PAM00203 typically commands prices in the $60,000 to $90,000 range, though exceptional examples have historically reached six figures. A notable auction result occurred in 2014 when a specimen sold for approximately $100,000, reflecting its status among high-end Panerai collectors.
Auction track record
3 documented sales since 2012. Top hammer $109,354 at Christie's Hong Kong in 2012. Median hammer: $84,000. Most recent: $56,178 in 2022.
Ranks #15 of 36 Panerai auction lots we track — see all Panerai records.
All documented hammer prices
For this reference (and close variants).
| Lot | Year | Hammer | Venue |
|---|---|---|---|
| PAM00203 · Luminor 1950 8 Days | 2012 | $109,354 | Christie's Hong Kong |
| PAM00203 · Luminor 1950 8 Days 'Angelus' | 2014 | $84,000 | Sotheby's Geneva |
| PAM00203 · Luminor 1950 8 Days | 2022 | $56,178 | Christie's Hong Kong |
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