Panerai Luminor Submersible 1950 3 Days Automatic
+21 % above RRP
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ℹ️ 1-month trend
Price change over the past 30 days. Shows the short-term market movement — relevant if you want to buy or sell soon.
ℹ️ 4-month trend
The central metric behind the momentum score. It filters out short-term swings and shows the true, medium-term market trend of this reference.
ℹ️ Volatility
Annualised price fluctuation. Below 10 % = very stable, 10–20 % = normal, above 20 % = volatile. With high volatility the price can change quickly — in both directions. Be cautious about buying without checking the current price.
ℹ️ Momentum score
ChronoCheck's own indicator from 0 to 100, calculated from the 4-month trend, volatility and market direction.
- Above 60 — Upward trend. Good time to sell, prices are rising.
- 40 – 60 — Neutral. Stable price level, no pressure to act.
- Below 40 — Downward trend. Wait or enter at a good price.
ℹ️ Investment Grade A/B/C/D
ChronoCheck's own rating for each reference. A 0–100 point scale, made up of four weighted components:
- Momentum (40 pts) — trend strength from the momentum score.
- Liquidity (25 pts) — number of active live listings.
- Stability (20 pts) — inverse volatility — the calmer, the better.
- Source robustness (15 pts) — number of independent market sources.
- A · 75+ Trend is right, liquidity good, data broad.
- B · 55–74 Solid, but one component weaker.
- C · 35–54 Average, volatility or market breadth weigh on it.
- D · below 35 Downward or too little data — a collector's piece.
Not investment advice. Pure data analysis from aggregated market sources.
The current market value of the Panerai Luminor Submersible 1950 3 Days Automatic (Ref. PAM00389) is $6,620. The trend points down (-5.9% over four months). Last sold at auction: $6,511 (Christie's, 03/2018).
What if you had bought back then …
What would a purchase at the median market price back then have become — at today's level of $6,620. A pure return calculation, excluding insurance, servicing and transaction costs.
Data from an aggregated median time series (watch_market_daily). CAGR = Compound Annual Growth Rate, normalized to 365 days. Not an investment recommendation.
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Technical data
Lift angle 52° — important for timing-machine diagnosis: with this value a watchmaker can correctly measure rate deviation, amplitude and beat error. ChronoCheck verifies such technical details directly from the manufacturers' factory specifications.
Panerai Ref. PAM00389 — Variants and collector names
Known as: PAM 389, Amagnetic, Luminor Submersible 1950 Amagnetic, Submersible Amagnetic 3 Days, Ceramic Bezel Sub
Production phases and changes
- 2013: Launch PAM00389: first Panerai Submersible with ceramic bezel and Faraday cage
- 2017: Successor PAM01389 introduced with caliber P.9010
Movement variants
- P.9000 (?–today) · 28800 bph
Bezel variants
- Keramik-Titan Drehlünette PAM389 "Ceramic Bezel"
Dial variants
- Amagnetic Black Dial — OFFICINE PANERAI above / LUMINOR SUBMERSIBLE 1950 center / 3 DAYS AUTOMATIC / AMAGNETIC below / date 3 o'clock / small seconds 9 o'clock / applied hour indices
Crystal variants
- Saphir 3,2mm AR beidseitig
Bracelet variants
- Black Distressed Calf Leather Strap (sekundär) Ref. Kalbsleder schwarz distressed PAM389
- Panerai Rubber Strap (primär) Ref. Kautschuk schwarz PAM389
Serial numbers
- P... – P... (2013–2013) — Panerai year code P = 2013. Serial number engraved on caseback, format: [year letter][2-letter code][digit sequence]. Additionally limited-edition engraving X/800.
- Q... – Q... (2014–2014) — Panerai year code Q = 2014.
- R... – R... (2015–2015) — Panerai year code R = 2015.
- S... – S... (2016–2016) — Panerai year code S = 2016.
- T... – T... (2017–2017) — Panerai year code T = 2017.
- U... – U... (2018–2018) — Panerai year code U = 2018.
- V... – V... (2019–2019) — Panerai year code V = 2019.
The PAM00389 marks a turning point in the Submersible line. For the first time, Panerai paired a titanium case with a rotating ceramic bezel — known in the market as the Ceramic Bezel Sub. Power comes from the P.9000, the brand's in-house automatic caliber, still relatively new to the lineup in 2013. Panerai capped production at 800 pieces worldwide — no accident for a reference collectors now trade under the name Amagnetic rather than its number.
## The Faraday Cage Turns a Sports Watch Into a Measuring Instrument
The real trick sits between dial and movement: an inner soft-iron shell that shields the caliber from magnetic fields. That construction earned the watch its second name, Luminor Submersible 1950 Amagnetic, and gave the black dial its internal designation, Amagnetic Black Dial. For a dive watch with a 3-day power reserve, that was unusually forward-thinking engineering for 2013 — most antimagnetic solutions of the era were reserved for chronometers.
## 2017: The PAM01389 Takes Over
Four years after launch came the handover: the PAM01389 replaced the 389 with the revised P.9010, identifiable by its blue seconds hand and a solid titanium caseback with no display window. The PAM00389 stayed on sale alongside it until stock ran out around 2019, which only adds to the confusion for collectors — anyone hunting a 389 needs to check production year and movement number, not just the Submersible Amagnetic 3 Days text on the dial.
Brand profile: Panerai
Panerai Luminor and Radiomir watches are unmistakable thanks to their large case and signature crown-guard bridge. Fakes are usually given away by the crown-guard mechanism.
- Sandwich dial: genuine Panerai sandwich dials show a visible GREEN lume layer between the dial layers when viewed at an angle (on Arabic-numeral models) — fakes have single-layer dials with painted-on lume
- Crown-guard mechanism: Panerai's signature lever guard must close with a solid, firm click AND function correctly (turning the lever locks the crown for water resistance) — a purely decorative lever means fake
- Seconds-hand length: a genuine seconds hand reaches almost to the outer edge of the dial — fakes have shorter hands
- Engravings: genuine Panerai engravings are deep, laser-etched with sharp, clean edges — fakes show acid-stamped engravings with a sandy texture that fades over time
Serial number format: Panerai serial numbers: 'OP' followed by 6-7 digits on the case back. Can be verified online.
Further sources
Buying guide: Panerai Luminor Submersible 1950 3 Days Automatic
Entry into Panerai
At $6,620 this reference is one of the more affordable ways to wear a Panerai on your wrist. That is precisely why many pieces have already passed through several hands — condition varies accordingly. Buyers here should pay particular attention to service history and honest photos from the seller.
Where the price stands
The price has fallen by -5.9% over the past four months. No crash, but a clear downward trend. Buyers currently have room to negotiate; sellers are better off waiting for the market to bottom out — unless they have to sell.
Watch out for swings: This reference has an above-average volatility of 55.8 percent. In concrete terms: the price can move by several hundred euros within a few weeks. Check the current value before buying or selling — old listings or auction results from two months ago are of little help.
What to look out for when buying?
- Authenticity: The serial number and reference on the case must match the papers. A professional authenticity check of the Panerai Luminor Submersible 1950 3 Days Automatic reliably rules out counterfeits.
- Condition: Check scratches on the case and bezel — professional refurbishment can leave traces.
- Service history: A documented service by the manufacturer or a certified watchmaker increases the value.
- Scope of delivery: Box, papers and warranty card make a noticeable price difference on the Luminor Submersible 1950 3 Days Automatic.
- Independent certification: The CPS-52 standard covers 52 checkpoints — from the serial number and the timing machine to water resistance. The result is secured on the blockchain and can be verified at any time.
Check the market value live now
Interactive price analysis with momentum indicator and buy/sell signal.
Go to the market value tool →Auction results Panerai Luminor Submersible 1950 3 Days Automatic PAM00389
Recent hammer prices for this reference from international auction houses:
| Price | House | Date |
|---|---|---|
| $6,511 | Christie's | 03/2018 |