Panerai Luminor 1950, Reference PAM00311 | A titanium dual time zone single button chronograph wristwatch with power reserve and 24 hours indication, Circa 2012 | 沛納海 | Luminor 1950 型號PAM00311 | 鈦金屬兩地時間單按鈕計時腕錶，備動力儲備及24小時顯示，約2012年製

Panerai
Luminor 1950, Reference PAM00311
A titanium dual time zone single button chronograph wristwatch with power reserve and 24 hours indication, Circa 2012
沛納海
Luminor 1950 型號PAM00311
鈦金屬兩地時間單按鈕計時腕錶，備動力儲備及24小時顯示，約2012年製

Dial: brown
Calibre: cal. P.2004 mechanical, 29 jewels
Case: titanium, screw down sapphire crystal display back
Case number: OP6741, BB 1524661 and O 020/300
Closure: brown Panerai alligator strap and stainless steel double folding clasp
Size: 47 mm diameter
Signed: case, dial and movement
Accessories: Panerai Guarantee Certificate, additional brown alligator strap, stainless steel buckle, instruction manual and presentation box
附帶證書、備用褐色鱷魚皮帶、精鋼針扣、說明書及盒子

Condition Report:
The movement is in working condition at the time of cataloguing. All functions are working properly. The bezel with very minor signs of wear. The case with a ding at 7 o'clock. Otherwise the watch is in very good overall condition.

Please note that the movement has not been tested for the accuracy of time and may need a service at the buyer's expense. Sotheby's does not guarantee the future working of the movement and we do not guarantee the authenticity of any individual component parts since subsequent repairs and restoration work may have resulted in the replacement of original parts.

You are advised that watch straps or bands made of materials derived from endangered or otherwise protected species (i.e. alligator or crocodile) are not sold with the watch and we reserve the right to remove these straps or bands prior to shipping. Furthermore, the watch may not come with its original manufacturers strap or band.

Prospective bidders should review the Conditions of Business, Authenticity Guarantee, the Guide for Prospective Buyers, and any Important Notice in the sale catalogue.

"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."