I think the new owner got himself one heck of a piece of Panerai history for a truly great price when you look at what other vintage celebrity watches have sold for!
And in this case the celebrity connection goes beyond just the wearing / owning of the watch, Stallone is part of modern Panerai history. And then, it's pure Panerai in terms of it being a "base". The purest / strongest of designs, unmistakable.
A Heuer Monaco given by Steve McQueen sells for 2.2 million and a Daytona owned by Paul Newman sell for 5.5 million ..... a tad over 200,000 for Sylvester his panerai that was seen in the movie daylight and started the panerai brand....well 200,000 on tha...
He/she, or perhaps they (dealers have been known to split the “bet”), did for sure buy something which transcends the object itself but I would think it’s far more than just “movie memorabilia”. All said, I do defer to you and your knowledge of the brand ...
With all the craziness in the watch auctions this year, I'm very surprised Sly's Panerai sold for that amount, especially with the legit "provenance" attached to it. I've seen "rumored" watches with false provenance going for crazy final hammer prices. Wa...