New York, New York — It was a speed of light auction as the house of Phillips in association with Bacs & Russo sold the Panerai Luminor watch worn by Sylvester Stallone in the film Daylight in five minutes for a record US$ 214,200 on December 12th. The watch was consigned to auction by Sylvester Stallone himself. The timepiece was estimated at between US$ 40,000 and US $80,000. The watch was accompanied by a poster for the film Daylight signed by Mr. Stallone and a hand-written message from the actor. The watch was outfitted with a rare sharkskin bracelet. Panerai is known for its diving washes and the action film, Daylight, takes place beneath the Hudson River in New York, and Stallone spends some of the time in the water trying to evacuate people from the collapsed Holland Tunnel.

The Panerai Luminor watch is credited with launching the Panerai brand on the international market when it was released for sale to the general public in 1993. Prior to that Panerai watches had only been available to military forces. The collection was launched on board the Italian Navy cruiser, Durand De La Penne. The house of Panerai was founded in 1860 in Florence with a boutique, a workshop and watchmaking school.The house supplied instruments and watches to the Italian Navy and outfitted the frogmen commandoes. Today Panerai watches are made in Neufchatel where Italian design joins hands with Swiss watchmaking perfection.
©The Gourmet Gazette
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