PANERAI | LUMINOR 1950 TOURBILLON GMT LO SCIENZIATO, REF.PAM00528, A RARE LIMITED EDITION CERAMIC AND TITANIUM SKELETONISED TOURBILLON DUAL TIME WRISTWATCH WITH POWER RESERVE INDICATOR, CIRCA 2018 Case No: Limited No. 118/150 Calibre: P.2005, manual winding, signed Dial: Skeletonised, signed Case: 48mm, black ceramic and titanium, transparent case back, signed Strap: Maker's endangered species, black PVD-coated stainless steel double folding clasp, signed Accompaniments: Maker's presentation box, 2 certificates, spare leather strap, watch tool, instruction manual and booklet Last known retail price approximately HK$1,300,000. 前零售價大約 HK$1,300,000。 沛納海 | Luminor 1950 Tourbillon GMT Lo Scienziato，PAM00528型號，限量編號 118/150，罕有限量陶瓷及鈦金屬手動上弦鏤空陀飛輪兩地時間腕錶，配動力儲存顯示，年份約2018。附原廠錶盒、證書、備用錶帶、工具組及相關手冊。 PAM00528屬於「Lo Scienziato」系列，以 48mm 輕量耐刮的黑色陶瓷錶殼搭配霧面質感，展現極具存在感的 Luminor 1950 造型。鏤空面盤完整呈現自家製 P.2005 手上鍊機芯的技術魅力，包括垂直軸陀飛輪、GMT、背面動力儲存顯示與小秒針等複雜功能。此型號最吸引收藏家的核心價值在於其全球限量僅150只的極稀有性。結合創新材質、開放式鏤空結構與義式工藝美感，PAM00528 堪稱現代 Panerai 中最具收藏地位且極為難得一見的經典之作。 Footnotes: The Panerai PAM00528, part of the prestigious 'Lo Scienziato' series, is a standout masterpiece from the 2013 collection: the Luminor 1950 Tourbillon GMT Ceramica. This imposing 48mm timepiece is crafted from lightweight, highly scratch-resistant black ceramic, delivering a stealthy matte finish that perfectly complements its bold, oversized Panerai signature cushion case. The skeletonized dial boldly exposes the intricate hand-wound P.2005 calibre, featuring Panerai's patented tourbillon with a cage rotating on a perpendicular axis for enhanced precision, alongside a GMT function, power reserve indicator (visible on the back), and small seconds. What truly elevates the PAM00528 to collector status is its extreme rarity: produced in a strictly limited edition of just 150 pieces worldwide. This ultra-low production run-far below typical Panerai special editions, combined with its advanced in-house movement, innovative materials, and striking open worked design, makes it one of the most elusive and sought-after modern Panerai models. A technical tour de force wrapped in Italian flair, the PAM00528 remains a grail for enthusiasts who prize exclusivity, horological innovation, and unmistakable presence on the wrist. This lot is subject to the following lot symbols: Y Y Subject to CITES regulations when exporting items outside of the EU, see clause 13. For further information on this lot please visit Bonhams.com For further information about this lot please visit the lot listing