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The Panerai for Ferrari watches represent a smoking value in late-model Panerai watches. But values are rising as of late 2014. Collectors are beginning to recognize that watches like this Panerai for Ferrari Scuderia Rattrapante FER 026 represent a colossal amount of watch for the money. It's cool, it's complicated, it's distinctive, and it's one of only 50 ever made.

First, consider the look: this isn't a Radiomir, and it isn't a Luminor. And that's a great thing. If you like the Panerai look but can't stand watches that look alike, Panerai for Ferrari is for you. These watches have the square-jawed profile of Officine Panerai, but they read as something different from ten paces. Anything but anonymous, the FER 026 is a luxury sports watch for an individualist personality.

And that unique case houses real watchmaking content. While most Panerai watches become far less interesting when discussion turns to their movements, the FER026 Scuderia Rattrapante is a certifiable conversation piece. Its chronograph is more than Panerai's take on the "king of complications"; it's a split-seconds timer. Using this fascinating stop-watch function, the owner can time two simultaneous competitors. In this case, Formula One racers come to mind.

While purists grouse about the Ferrari link, you can do far worse than a luxury watch permanently associated with the world's most powerful luxury brand. In most cases, the Ferrari link will prove an ice breaker that allows owners to introduce the world of Panerai to friends and family who would not have given a standard Luminor the time of day. It's friendly and fun.

This COSC-certified chronometer, split-seconds chronograph, and limited edition Panerai collectible (one of only 50) is available from thewatchbox.com with all factory accessories, boxes, manuals, and documents of provenance. Video and content by Tim Mosso.

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