The Record Ledger · updated October 2026 · 15 documented results
The 10 Most Expensive Panerai Luminor Watches Ever Sold
The most expensive Panerai Luminor ever documented by MostExpensiveWatches is the Panerai Luminor Marina Militare ref. 6152-1, which realized $272,222 at Christie's Geneva in 2014 — the top of 15 documented results totaling $1,125,170.
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1
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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2
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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3
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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4
Panerai Luminor 1950 8 Days
$109,354 · 2012 · Christie's Hong Kong
A legendary special edition featuring a refurbished New Old Stock Angelus SF240 8-day movement, limited to 150 pieces.
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5
Panerai Luminor Marina
$106,250 · 2017 · Phillips New York
A rare oversized diver's watch with a 'Luminor Marina' sandwich dial, formerly property of the Italian Navy.
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6
Panerai Luminor 1950 8 Days 'Angelus'
$84,000 · 2014 · Sotheby's Geneva
A highly coveted limited edition of 150 pieces housing a refurbished vintage 8-day Angelus SF240 movement.
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7
Panerai Luminor 1950 8 Days
$56,178 · 2022 · Christie's Hong Kong
Part of the 'Champion Collection', this unworn example includes a unique 'Panerai for Christie's' Certificate of Authenticity.
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8
Panerai Luminor 1950 Firenze 3 Days
$35,312 · 2022 · Christie's Hong Kong
A boutique-exclusive edition limited to 99 pieces, featuring intricate hand-engraved 'Florentine' motifs on the case and movement.
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9
Panerai Luminor Submersible 1950 'Bronzo'
$27,000 · 2019 · Phillips Hong Kong
The highly sought-after first iteration of the Panerai bronze diver, known for its unique patina and masculine appeal.
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10
Panerai Luminor 1950 'Fiddy'
$15,000 · 2019 · Christie's New York
An iconic 47mm release from 2002, this 'Fiddy' was offered in unworn condition with its original oversized presentation box.
How the record was set
Every documented result that beat all before it.
| Year | New record | Watch |
|---|---|---|
| 2012 | $13,709 | Panerai Luminor Chrono 1000m Slytech · Christie's Hong Kong |
| 2012 | $109,354 | Panerai Luminor 1950 8 Days · Christie's Hong Kong |
| 2014 | $272,222 | Panerai Luminor Marina Militare · Christie's Geneva |
Part of the Panerai record ranking.
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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 Luminor ever documented by MostExpensiveWatches is the Panerai Luminor Marina Militare ref. 6152-1, which realized $272,222 at Christie's Geneva in 2014 — the top of 15 documented results totaling $1,125,170.” — MostExpensiveWatches, October 2026. https://mostexpensivewatches.net/most-expensive/model/panerai-luminor
Machine-readable: /data/records.json · See also the Grail Index and the daily Price Index.