The seller represents this timepiece as being in very good condition. This auction pertains exclusively to the watch, as the box and papers are not part of the listing. This timepiece is part of a limited edition series, with only 1,036 available worldwide.

Offered here is a rare Panerai Luminor Luna Rossa Regatta PAM01038 / OP7171, a highly specialized 47mm Carbotech regatta chronograph created in connection with the Luna Rossa sailing team and the 36th America’s Cup. This is not a standard Panerai Luminor Marina. The PAM01038 is a purpose-built Regatta chronograph, designed around Panerai’s long connection to naval timing, sailing, and professional sports watch functionality. It combines Panerai’s oversized Luminor case architecture with modern Carbotech construction, a technical Luna Rossa-inspired dial, and one of Panerai’s dedicated regatta chronograph movements. The watch is powered by Panerai’s automatic caliber P.9100/R, known for its flyback chronograph architecture, regatta countdown functionality, central chronograph indications, and approximately 72-hour power reserve. The regatta countdown feature was developed specifically for sailing use, making this reference much more specialized than a standard time-and-date Panerai. The 47mm Carbotech case is one of the defining features of this model. Carbotech is lightweight, modern, and has a unique layered appearance, giving each case a distinctive technical look. The gray/black sailcloth-effect dial, red and white racing accents, START countdown scale, signature Panerai crown-protection bridge, black chronograph pushers, and titanium case back all reinforce the watch’s Luna Rossa / America’s Cup identity. The case back is engraved OP7171 and features Luna Rossa / 36th America’s Cup engravings. The watch is individually numbered as part of a limited production of only 1,036 pieces, making it a strong collector piece for Panerai enthusiasts, Luna Rossa collectors, America’s Cup fans, and buyers looking for a rare modern Panerai with a true regatta complication.