PANERAI | REF PAM00276 LUMINOR 1950 TOURBILLON GMTA LIMITED EDITION STAINLESS STEEL CUSHION FORM DUAL TIME ZONE WRISTWATCH WITH TOURBILLON DAY/NIGHT AND 6 DAY POWER RESERVE INDICATION CIRCA 2008

Dial: blackCaliber: cal. P.2005 three barrel manual winding movement, 31 jewels, double axis tourbillon carriage Movement number: J053/100Case: stainless steel, screw down sapphire display backCase number: OP6709 BB1260030Closure: stainless steel Panerai buckle Size: diameter 47 mmSigned: case, dial and movementAccessories: Panerai presentation box with outer packaging, Certificate booklet, two pushers and booklet

CASE The case is in very good overall condition, with light surface scratches and nicks visible throughout, mostly visible along the outer edges. In our view, the case has not been polished. DIAL The dial is in very good overall condition. MOVEMENT The movement is running at time of cataloguing, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. Please note that Sotheby's does not guarantee the future working of the movement.
"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."

Launched in 2007, the PAM00276 features an unassuming dual time zone sandwich dial and surprisingly light weight stainless steel case.  The sapphire display back reveals an impressive six day power reserve indicator. Even more striking, we are introduced to the firm's first lateral tourbillon caliber, P.2005. The balance rotates 360 degrees on a lateral axis rather creating a three dimensional affect within the case. The tourbillon completes a full revolution every 30 seconds, moving at twice the speed of a standard one-minute tourbillon. This is indicated by a rotating blue dot on the subsidiary seconds dial. 

The present lot is number 53 from a limited series of 100 pieces. In 2008, Panerai replaced this model with PAM 306, which featured a brown dial.