The nautical lifestyle, with its mix of refinement, adventure and expensive equipment, makes a natural fit for luxury timepieces. Officine Panerai does things a little differently than other brands. Rather than go for the cutting-edge carbon fiber multi-hull racing scene, the storied Italian watchmaker takes a more nostalgic view on sailing by sponsoring a series of classic yacht regattas up and down New England. We were invited to the first of the three American regattas, the Corinthian Classic Yacht Regatta, in the charming maritime port town of Marblehead, Massachusetts. It was a proper mix of flapping Dacron, wooden-hulled 12-meter yachts and cocktails at no less than three proper blue-blood yacht clubs. Oh, and there were a few cool watches, too. Read on for the full photo essay.