Flying the colors of the Luna Rossa Prada Pirelli America’s Cup team, this is one of just 150 flyback chronographs Panerai cased in full Grade 5 titanium with a window to the movement, a first for the Luna Rossa line. Built for the collector who wants the rarest, most technical chapter of the sailing story, this sporty piece wears far lighter than its size suggests.

Presents itself in brand new condition with no signs of wear. Grey sandwich dial sets the tone, its matte stone-grey surface setting off the white numerals on a recessed lower plate and red chronograph hands cutting bright across the monochrome grey. Brushed Grade 5 titanium meets a highly polished titanium bezel, shifting between matte and gloss as your wrist turns, with red-accented pushers set on the left flank of the case. Grey-and-red bi-material strap carries the Luna Rossa livery, its grey surface marked by the team’s signature red stripe, the supple rubber-and-textile build conforming easily to the wrist.

Functions include hours, minutes, small seconds, and a flyback chronograph. The crown on the right side of the watch, secured under the lift-up locking bridge, winds the movement and sets the hour and minute hands. Top-left pusher starts and stops the chronograph, while the lower-left pusher triggers the flyback mechanism to reset and restart the central hands mid-run with a single press. Powered by a 72-hour reserve, it keeps running through a weekend off the wrist, sealed to 100 meters for everyday and on-the-water wear. White Super-LumiNova numerals and hands glow green in the dark, keeping the time legible in any low-light condition.

Comes as a full set, triple-boxed with warranty card, instruction booklet, bezel protector, and strap changing tools.

Pinned to the 38th America’s Cup as it sails into Naples in 2027, it pulls the regatta theme into the details, from the nautical scale on the flange to the red accents drawn from the team’s race boats. Standing as Panerai’s flagship Luna Rossa chronograph, it suits the collector who values the racing connection over the badge alone. Ready to sail it onto your wrist? Inquire now.