Luminor Marina (PAM111)

The PAM111 brings together classic Panerai design with a bit more mechanical engagement, thanks to its small seconds sub-dial and manual-winding movement. It retains the versatility and robust styling Panerai is known for, pairing effortlessly with both rugged weekend wear and smart casual looks. The manually wound OP XI movement delivers traditional watchmaking appeal, while the easy-to-swap strap system allows owners to personalise the watch to suit any occasion.

The Panerai Luminor Marina PAM111 is a fan favourite among Paneristi and a staple within the brand's historic lineup. Drawing on Panerai's roots in precision instruments for Italian naval commandos, the PAM111 merges functional design with refined aesthetics. It features a 44mm brushed stainless steel case complemented by a polished bezel, maintaining a rugged yet sophisticated presence on the wrist. The iconic crown guard not only defines the Luminor silhouette but also reinforces the watch's water resistance and reliability.

The black sandwich dial — a Panerai signature—offers exceptional legibility and depth. Cut-out hour markers and numerals reveal a luminous layer beneath, ensuring the dial remains readable in low-light environments. Unlike the more minimal PAM000, the PAM111 includes a small second's sub-dial at 9 o'clock, lending the watch additional functionality without sacrificing its clean, utilitarian charm. A scratch-resistant sapphire crystal protects the dial while maintaining clarity and durability.

Inside, the watch is powered by the Panerai OP XI movement, a manually wound calibre based on the ETA 6497-2. With a 56-hour power reserve, it's both reliable and satisfying to wind. The movement is visible through a sapphire display case back, allowing enthusiasts to admire the hand-finishing and mechanical beauty of the watch. A supple rubber strap with a stainless-steel pin buckle adds comfort, rounding out the watch's bold yet elegant design.

The dial, hands, and movement appear flawless. The case lugs appear to have been slightly refinished, and the case exhibits minor scratches and dings not visible at arm's length. The original rubber strap exhibits no sign of wear and remains pliant and comfortable.

What do the different grading scores mean?

• BN 9.9: Brand new and unworn, with no signs of use.
• UN 9.5: Like new and unworn, but may lack original packaging or materials such as the box, links, tags, or bezel protector.
• LN 9.0: Like new and unworn, but only includes the watch without papers, box, or accessories.
• MT 8.5: Mint condition, lightly used with minor surface scratches or wear. Unpolished.
• VG 8.0: Moderately used, with scratches and one or two nicks on the case or crystal. Shows signs of polishing. The bracelet remains snug with minimal wear.
• GD 7.5: Shows signs of daily wear but is not abused, with noticeable polishing on the case. The bracelet shows clear signs of daily wear.

Watches with a rating below GD 7.5 are not listed for bidding to ensure that only high-quality timepieces are available to our members.