You can click the photos for a larger version
The movement has an eight days power reserve. Winding the watch takes quite a few turns but it is very smooth. According to some the actual power reserve is even closer to ten days, so even with the indicator at zero the watch may run another day or two. The PAM233 is showing on the right next to the PAM127 on the left.
The 233 is a limited edition regular production watch which means that a limited number of watches is produced every year. Panerai made a unique edition of 1950 watches in 2002 (PAM127 aka Fiddy) that first had this case style - albeit in 47mm.
The 233 certainly has design elements that clearly show that the PAM127 was a a source of inspiration. Most importantly the cushion shaped case and the domed crystal. Panerai included a few interesting complications in their new movement, a horizontal power reserve indicator (knows as "the fang"), a second time zone (GMT) including an AM/PM dot inside the sub seconds dial, a date and a seconds reset function that allows you to accurately set the time.
Both watches are fitted with a sapphire crystal case back that allows you to see the movement. The 127 is a sought-after watch. Being a unique edition watch, it was produced in 2002 only, so just 1950 pieces. Its price on the used-market has more than tripled in the last few years.
StrapsThe Fiddy in these photos is mounted on a Panerai OEM Nubuck alligator JV strap (Jules Verne). The PAM233 is mounted on a Vintager Straps Z-matten strap with green stitches.
About the photographyThe photos were taken with a Nikon D700, Nikkor 105mm VR and two SB900 speedlights both shot through a diffuser.
The background in the photos is a square piece of black glass. The watches were lit from above with a SB900 shot through a honeycomb grid attachment and from the side with a second SB900 to emphasize the domed crystal.
To see all of the pictures comparing these two watches click this link
All photos © 2009 M.Wilmsen