Panerai

cal.P.2002 nickel lever movement, 21 jewels, mono-metallic compensation balance • double-layer dial with luminescent lower layer, black matte upper dial with perforated luminescent Arabic and baton numerals, subsidiary seconds combined with second time zone indicator, magnified aperture for date, 8-day power reserve indicator with linear representation • over-sized white gold cushion form case, screw-down crown and sapphire crystal display back, thick wire lugs • case, dial and movement signed • with an 18k white gold Panerai buckle

The movement is running, all functions appear fully operational while cataloguing. Dial looks in very good condition. The case is in good condition. Overall the watch is in very good condition.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping.

Important Notice regarding importation into the United States of Rolex watches
Sotheby's cannot arrange for the delivery of Rolex watches to the United States because U.S. laws restricts the import of Rolex watches. The buyer or a designated agent may collect the property in the country of sale."

Accompanied by a Certificate dated 2006, instructions manual, booklet on the P.2002 movement, retailer's invoice, watch cloth, outer card box, presentation case and its key.

Calibre P.2002 is the first movement to be created entirely within Panerai's manufacture in Neuchâtel in Switzerland. The power reserve, which enables the movement to run for 8 days without rewinding, recalls the Angelus movement of the 1940s. It has been interpreted in a new concept of power train consisting of three spring barrels and a distinctive power reserve indicator. The system of setting the time uses the 'zero reset' device, which stops the balance and returns the seconds hand to zero when the winding crown is pulled out, enabling the watch to be set accurately and synchronized perfectly with the time source being used as a reference.