Panerai Submersible Tourbillon GMT PAM01405 Guide (2026)

The Panerai Submersible Tourbillon GMT Luna Rossa Experience Edition PAM01405 is a 45 mm Carbotech Submersible built around a hand-wound tourbillon with a GMT complication and a fully skeletonised dial, finished with the black-and-red details of Panerai's Luna Rossa sailing partnership. It sits at the top of the Submersible range, above the steel and titanium models that make up most of the collection. This guide covers the specifications, what Carbotech is and why Panerai uses it, how the tourbillon and GMT work together, how the PAM01405 compares with a standard Carbotech Submersible and a titanium Submersible, price context and what to check before buying a brand-new example. Bizak & Co. sources the PAM01405 to order; the Panerai collection lists the configurations we can seek.

Last reviewed on September 28, 2026 by Filip Biczak. Prices are dated observations, not quotes.

Panerai Submersible Tourbillon GMT Luna Rossa Experience Edition PAM01405 specifications

Sources: Federation of the Swiss Watch Industry for context on Swiss high-complication manufacturing, and Sotheby's Watches, whose sale results give a sense of how tourbillon sports watches from Panerai and comparable houses trade at auction relative to retail.

What is Carbotech and why does Panerai use it?

Carbotech is Panerai's own name for a carbon-fibre composite case material, built up in layers under heat and pressure so that each case has a slightly different, irregular pattern in the finish, meaning no two Carbotech cases look quite identical. Panerai uses it across the Submersible and Luminor lines because it is markedly lighter than steel or titanium at the same case size, resists scratches better than polished metal, and does not corrode. The trade-off is that Carbotech cannot be polished back to a factory finish the way steel can if it is scuffed, and its surface reads as matte and textured rather than reflective. On a 45 mm case like the PAM01405, the lighter material is what keeps a watch this size wearable rather than top-heavy.

How the tourbillon and GMT work together

A tourbillon mounts the escapement and balance wheel in a rotating cage, originally intended to average out the effect of gravity on timekeeping when a watch spends most of its time in one position, and in a modern watch it functions largely as a visible display of finishing and engineering rather than a meaningful accuracy gain on the wrist. The PAM01405 pairs the tourbillon with a GMT function that tracks a second time zone independently of the main hour hand, which is a genuinely useful complication for a travelling owner. The hand-wound movement has no automatic rotor, so the case can stay slimmer than a comparably equipped automatic tourbillon, and winding is a deliberate daily or near-daily ritual rather than something the watch handles on its own. The skeletonised dial exposes the gear train and the tourbillon cage, so the mechanism described above is visible rather than hidden under a solid dial.

How does the PAM01405 wear?

At 45 mm the case is large by most standards but sits at a size Panerai has used across the Submersible and Luminor families for decades, and the Carbotech construction keeps the actual weight well below a steel or titanium case of the same diameter. The skeletonised dial and sapphire case back mean the watch reads as an open, technical object rather than a simple time-only tool watch, and the Luna Rossa red accents add colour against the otherwise dark carbon and grey movement finishing. This is not a discreet watch under a cuff; the case size and the visible tourbillon cage are part of the point. Wrists that comfortably carry a 44 mm to 47 mm Panerai already will find the PAM01405 wears similarly, since Carbotech's lighter weight is the main practical difference from a steel Submersible at the same diameter.

What is the Luna Rossa Experience Edition?

Luna Rossa is the Italian sailing team Panerai has partnered with in recent editions of the America's Cup, and Panerai has produced a series of Submersible references carrying the team's black-and-red livery, from entry-level titanium three-hand models up to high-complication pieces like the PAM01405. The partnership ties Panerai's brand to sailing rather than diving specifically, though the Submersible case itself remains a dive-watch architecture with a rotating bezel and water resistance rated for real use. An Experience Edition designation generally signals a version built or configured with closer input from the racing team, though buyers should treat any specific production-number or limited-run claim as something to confirm directly with Panerai or an authorised dealer rather than take on trust from a listing, since edition sizes and numbering are not published in a way that can be independently verified here.

PAM01405 vs standard Carbotech and titanium Submersibles

The price gap between the PAM01405 and a standard three-hand Submersible is almost entirely the tourbillon and GMT module rather than the case material; Carbotech itself is used across both ends of the range. Buyers who want the Carbotech look and weight without the six-figure complication should look at the Luminor and Submersible three-hand references instead.

How much is the Panerai PAM01405? Price context

• Retail. Panerai has not published a single fixed global retail price for the Luna Rossa Experience Edition tourbillon GMT that can be quoted reliably here; pricing on limited high-complication Panerai references varies by market and allocation. Confirm current boutique pricing directly before comparing it to any secondary quote.
• Bizak catalogue ask. On 28 September 2026 our sourced catalogue listed this brand-new, full-set PAM01405 at US$190,799, sourced to order.
• What moves the price. Full box, papers and any accompanying accessories, an intact protective film or no handling marks on the case, and a clean, unblemished skeleton dial each support the asking price on a piece at this level.

That figure describes what we saw and will move. Ask for a dated quote for the exact watch and set.

Is the PAM01405 a good buy?

It suits a collector who already owns and understands the Submersible line and wants Panerai's most technically loaded expression of it, rather than a first Panerai purchase. Tourbillon sports watches occupy a narrow niche: too complicated and expensive to be a daily-wear tool watch in the ordinary sense, but built on a case designed for real use rather than a dress-watch vitrine. Limited-production references tied to a specific partnership, as this one is to Luna Rossa, tend to attract a narrower buyer pool than a brand's mainstream models, which affects how quickly a piece can be resold. Buy it because the tourbillon, GMT and Carbotech combination is what you want to own and wear; if resale speed matters, ask for a written cash-buy assessment before you commit.

Buying a brand-new PAM01405: what to check

• Confirm brand-new status. Ask for the full box and papers and check that any protective film or seal is intact, with no wear visible on the case or bezel.
• Authenticate the Carbotech case. Carbotech has a distinctive layered, matte texture that varies slightly case to case; compare it against current Panerai reference imagery and confirm the bezel and any strap hardware match the case material.
• Test the tourbillon and GMT. Wind the movement and watch the tourbillon cage rotate smoothly; set and verify both time zones operate without hesitation or skipping.
• Inspect the skeleton dial. Look through the open dial with a loupe where possible, checking that no visible components are loose or misaligned and that luminous material is evenly applied.
• Price against the complication. Compare the ask against the standard three-hand Carbotech Submersible above to be sure the premium reflects the tourbillon and GMT rather than an inflated base.

Our authentication process describes what we inspect before dispatch.

Quick answers

How much is the Panerai PAM01405?

Bizak's sourced catalogue listed this brand-new, full-set PAM01405 at US$190,799 on 28 September 2026, sourced to order. Panerai boutique pricing on this limited reference should be confirmed directly for a like-for-like comparison.

What is Carbotech?

Panerai's proprietary carbon composite case material, built in layers so each case has a unique surface pattern. It is lighter than steel or titanium at the same size and resists scratches and corrosion, but cannot be polished back to a factory finish once scuffed.

What complications does the PAM01405 have?

A hand-wound flying tourbillon and a GMT function for a second time zone, displayed through a fully skeletonised dial with a sapphire case back.

How big is the Panerai PAM01405?

45 mm in Carbotech, smaller than the 47 mm Carbotech and titanium three-hand Submersibles in the current range but still a large watch by general standards.

Is the PAM01405 a good watch to buy?

It suits an established Panerai collector who wants the brand's most technically loaded Submersible rather than a first purchase. Confirm the specific watch, its documentation and condition before committing, since limited high-complication pieces trade in a narrower market than mainstream Submersibles.

Request a PAM01405 sourcing quote

Tell us your preferred condition, whether full box and papers are required, and your budget and timing, through our sourcing enquiry form. We confirm the specific watch, photographs and final price before you commit. Catalogue entries: PAM01405 Luna Rossa Experience Edition, PAM01616 Carbotech Submersible; browse the Panerai collection, the titanium watches collection, or sell or trade your Panerai.

Related reading: Watch nicknames explained · Pre-owned watches · Richard Mille price guide · Sell or trade your watch.