As we covered in a blog post a couple of months ago, a Rolex Daytona wristwatch owned by Hollywood icon Paul Newman was to go to auction in New York.
Now, the auction has taken place, and even the most outlandish of expectations have been surpassed, leading to a world record being broken.
Over 700 luxury watch enthusiasts packed into the “Winning Icons: Legendary Watches of the 20th Century” sale in the Phillips’ New York salesroom on October 26th, although the anonymous was not in the room as they won the watch.
Incredibly, the sale of Paul Newman’s Rolex Daytona only took 12 minutes, with the hammer eventually coming down on a staggering price of £11.85 million.
Not only were the pre-auction estimates of around £750,000 smashed, the price also ensured that the Rolex Daytona is now officially the highest ever paid for a wristwatch.
Previously, the highest price paid for a Rolex was the £3.8 million fetched by a reference 6062 ‘Bao Dai’ earlier this year, and the most expensive watch title belonged to a Patek Phillipe ref 1518, also sold by Phillips for £8.4 million.
When asked about the amazing sale of the Paul Newman Rolex Daytona, the head of watches at Phillips Americas, Paul Boutros, had this to say:
“It was an absolute privilege for Phillips to offer Paul Newman’s own “Paul Newman” Daytona – arguably the most iconic collector’s wristwatch of the 20th century. This record result is a testament to the historic importance and continued legacy of this Rolex, which is responsible for creating an entirely new market and inspiring a new generation of collectors.”
While Paul Newman was an icon throughout the world for his acting prowess, many will also be aware that he was also a successful racing driver, competing and winning at Lime Rock at the age of 81. Furthermore, Newman also competed at the 1979 24 Hours of Le Mans, a race noted for its gruelling day-long duration, where he secured an impressive runners-up spot on the podium.
Newman wore his own Daytona ref 6239 while racing, and this led to collectors nicknaming this style of Daytona the “Paul Newman”. This particular type of Daytona is instantly recognisable thanks to the contrastingly coloured seconds scale around the edges of the dial.
Looking To Upgrade?
We Aim To Beat Any Genuine Offer For Your Luxury Watch