Ruggero Panerai ( 1862 - 1923 ) was an Italian painter. Ruggero Panerai s works have been put up for auction numerous times, with realized prices surpassing estimated prices, varying from 2497.94 USD for STUDIO DI DUE CAVALLI in 2005 to 44414.12 USD for Militari in perlustrazione in 2005 , based on the size and medium of the artwork.