Observers knew that Paul Newmanâ€™s Rolex watch, estimated to sell for around $1 million, would be the highlight of Phillipsâ€™s first ever New York watch auction yesterday. But no one expected the hand-crafted Daytona watchâ€”which the late actor wore in movies, magazine shoots, and at partiesâ€”to sell for $17.8 million, going to an unidentified buyer after 12 minutes of heated bidding.
The sale smashed the previous record for a watch, $11.1 million for a stainless steel Patek Philippe, which sold at Phillips last November.
The â€œPaul Newmanâ€ has won legendary status in the watch community, both because it is considered to be one of the most coveted timepieces in the worldâ€”the New York Times compared it to the Mona Lisa for the watch collecting worldâ€”and because, until the saleâ€™s announcement in August, few people outside of the Newman family knew where it was. It was first given to Newman by his wife, actress Joanne Woodward, who inscribed it with the message â€œDRIVE CAREFULLY ME.â€
30 Oct 2017