Pre-owned Panerai Luminor ref PAM01038 (2019) was released in 2019 as part of a three-watch series tied to the Luna Rossa sailing team and the America’s Cup. It embraces Panerai’s connection to competitive sailing. It’s not just a theme, either. The functionality backs it up. The 47mm Carbotech case is lightweight but incredibly tough, with a marbled carbon fiber finish that’s unique from traditional steel. Even the crown guard is made from the same material. The dial features a grey sailcloth sandwich construction, a subtle tribute to the yacht itself, with high-contrast luminescent markers for visibility. You’ll also notice the regatta-specific details, including a countdown function and knots scale on the flange for measuring speed. Inside is the automatic P.9100/R caliber, a flyback chronograph movement made specifically for regatta timing, complete with a 3-day power reserve. It’s a large, purpose-driven watch with real ties to the sport it represents. Shop Panerai Luminor Collection