Panerai Luminor Marina Acciaio 44 ref. PAM00164 OOR – Ultra rare, OOR Out-of-Retail

In 1860, Officine Panerai started life as a watchmaker’s shop where the brand’s founder, Giovani Panerai, would also sell maritime equipment. In the early 1900s, Panerai became the official supplier for the Italian Frogmen, who famously used the brand’s watches – partially designed and produced by Rolex SA – to time and synchronize attacks and, occasionally, mount torpedoes that they would steer to bring down docked enemy ships. A dependable and legible underwater instrument was an absolute must for the Frogmen, and that’s exactly what Panerai provided. The brand also supplied the Royal Italian Navy with all manner of technical equipment and precision instruments, thus further cementing its place in history.
First introduced in 2004, the watch on offer here – the Panerai Luminor Marina Acciaio 44 ref PAM00164 – is a rare bird. Since it was created for exhibition purposes and was never (meant to be) available for sale, it has become one of the brand’s most coveted and sought-after models. Chances to grab hold of one are few and far in between, and brand enthusiasts have been known to pay hefty premiums for well-preserved examples.
The PAM00164 comes equipped with the recognizable 1950 cushion-shaped case and palpable crown guard, which are both considered defining staples of Panerai design. In addition to letting the world know that you’re wearing a Panerai, they give the watch an empowering weight and dispel any doubts anyone might harbor regarding its tool-like applications. Thanks to the brand’s patented luminescent material, Radiomir, the minimalist dial is legible in all conditions and settings. Back when Panerai watches used to be produced by Rolex, the only part that was made by Panerai was the characteristic dial – a testament to its outstanding qualities. The Panerai Luminor Marina Acciaio 44 ref PAM00164 is powered by the automatic caliber OP III. Our offering is in excellent condition, comes as watch only, equipped on an OEM brown leather strap with branded buckle. Ticking per specs.

The watch is covered by 1 year of limited warranty, starting on the date of purchase.

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Additional information


Luminor Marina, Luminor Marina Automatic

Reference number

PAM 00164, PAM00164


Very good

Year of production

2010 (Approximation)

Scope of delivery

Watch only


21 Jewels, Automatic

Movement caliber

Power reserve

42 h

Case material


Case size

44 mm

Water resistance

30 ATM


Sapphire Crystal

Dial color



Brown, Buckle, Leather Strap


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