Published: Sat, October 28, 2017
Culture&Arts | By Darrell Mcdonald

New world record for the legendary Paul Newman Daytona watch

New world record for the legendary Paul Newman Daytona watch

Paul was gifted the watch by his wife Joanne Woodward after they starred together in 1969 movie "Winning", a film which inspired the actor's passion for professional racing and so she had it engraved with the message "Drive Carefully Me".

The Rolex Cosmograph "Paul Newman" Daytona (reference 6239), a watch made famous by the late Hollywood icon has always been a sought-after item by collectors.

The watch that appears in many photos of Paul Newman is also known for its interesting history.

Paul Newman in an auto garage, Florida, 1967.

According to the catalog note, Newman's wife, Joanne Woodward, bought the stainless steel "Daytona Rolex" for Newman almost 50 years ago.

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Funnily enough, the Paul Newmans were never popular and languished on store shelves until the Italians started creating a buzz around these timepieces. Woodward paid about $300 for the watch when she bought it, a Phillips spokeswoman said. You should give it a read. The watch, however, resurfaced for the first time yesterday (Oct. 26) when it went up for auction. And the most expensive wristwatch auctioned off was a Patek Philippe Ref. 1518, for $11 million.

The timepiece was so "rare", so "famous" and so "legendary", that watch collectors and dealers exhausted of adjectives and turned to full-throated phrases. Adding the buyer's premium, the final price rounds up to more than US$17.75 million, a record for any wristwatch at auction.

Paul Newman's Rolex Daytona broke records when it became the most expensive watch ever to be sold at auction.

So, is the watch world a bit bonkers?

Phillips in Association with Bacs & Russo, the worldwide market leader in watch auctions, is proud to announce that its inaugural NY sale realized $28,875,750 (CHF 28,806,448) - the highest total for a watch auction in United States history.

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