Hello Jason,
Thank you for sending in your Officine Panerai wristwatch to mearto.com for an appraisal. I shall try to help you with that today.
TITLE:
Gent’s, cushion-shaped, water-resistant (30M), stainless steel, limited edition (53/100) and diamond military-type diving wristwatch with black/red/green crocodile leather straps and Panerai steel double deployant clasp, “Panerai Luminor Diamanti” model, Ref. OP6534, Case no.BB1068000, made by ‘Officine Panerai, Firenze 1860’, made in Switzerland, circa 2002. Box and papers present.
DESCRIPTION:
Case – 44mm x 44mm, three leaf, polished stainless steel, cushion shaped watch case with sapphire crystal, patented crown with security lever to wind the watch even under water, screwed-down case back marked “Officine Panerai, Firenze 1860, stainless steel, water resistant to 30M, OP6534, BB1068000, EO53/100”. The watch is currently well integrated with a black crocodile leather strap and Panerai steel double deployment clasp.
Dial - Black dial with Arabic numerals placed at the quarter hours and baton hour indices at the balance of the hours. The numerals and batons are set with 86 round diamonds. Luminous baton hands and the dial marked “Luminor, Panerai, L-Swiss Made-L” (L=Luminor).
Movement – Not seen but should be the Cal. OP I, a rhodium-plated, damascene decorated, 17 jewel, straight-line lever escapement, monometallic balance, shock absorber, self-compensating flat balance spring with the dial, case and movement triple signed.
CONDITION:
Case – Some very minimal signs of wear around the edges of the case and back of the lugs. Very Good-Excellent.
Dial – Excellent.
Movement – Considered genuine, original to this case and functional for this appraisal.
COMPARABLES:
Rather than listing each of these auctions, and there are not many, I have pulled out your model specifically by year of sale and what it sold for at auction, in order to simplify this process. What follows is the year and the sale price of the watch and this list does NOT include those models with more diamonds on the case or less diamonds on the dial:
2005=$12075…2007=$11800…2011=$14465…2014=$18182…2018=$30535…
The sale at Christies in 2018 was the last one I could find, but it is apparent that the price is escalating. Most of the sales were either at Christies or at Antiquorum in Switzerland.
In my opinion, your example would have a fair market value today in the range of $35000. Retail values would be higher of course.
Having said that, these watches are usually sold anonymously, but if you are the Jason Sehorn I enjoyed watching on my TV screen and you somehow personalized the wristwatch it could well reach a good deal higher, perhaps another 50%, but I am not going to include that in this appraisal.
I hope that provides the answer to your appraisal value and your understanding of this fine wristwatch.
My best,
David