Paul Newman’s iconic Rolex Daytona just became the most expensive watch ever sold

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Maria Sergeeva
October 27, 2017
The near-mythical watch “Paul Newman” Daytona, worn by the actor was sold at a Phillips in association with Bacs & Russo auction in New York City and it was the original: Paul Newman's "Paul Newman".
 
“Without exaggeration, this is for many in the room the most iconic Rolex wristwatch in the world, possibly the most iconic wristwatch of the 20th century,” Bacs declared as he opened the bidding for the Ref 6239 Rolex Oyster Cosmograph Daytona (its proper full designation).
 
Despite the initial estimate of the Phillips Auction House, already the holder of a number of world-record watch sales, the iconic item is capable of crossing the $1 million at auction, some were convinced  it would get far more than that.


 The most desired timepiece Rolex Daytona Ref. 6239, sold for $15.5-million, plus buyer's premium of 12.5%, for a final price of $17,752,500 to a private phone bidder after around 12 minutes of bidding.
 
The watch having a personal inscription on the back from Newman's wife, Joanne Woodward, was added to the auction by James Cox, who once dated Newman’s daughter, Nell. to benefit the Nell Newman Foundation and Newman’s Own Foundation.


A portion of the sale proceeds are going to benefit the Newman’s Own charitable foundation.
 
Previously the highest price paid for a Rolex Daytona – the most wanted Rolex model – was $3.7-million, sold last spring at a Phillips, Bacs & Russo auction.
 
The most expensive timepiece sold at auction was a Patek Philippe Ref. 1518, for $11-million, the record also established by Phillips.

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