Paul Newman’s deprecating ‘Rolex Daytona’ set a world record when it was sold at auction for £13.5m
But auctioneers were assuage left open-mouthed when the late Paul Newman’s personal ‘Rolex Daytona’ set a clique record for the most expensive ever wristwatch — as it was sold for an eye-watering £13.5million.
The Daytona Imported Dial is the most sought-after vintage Rolex sports watch, typically hawk for a value of around £150,000.
But to fans it is known as the ‘Paul Newman’ Daytona after the Oscar-winning actor and racing driver who wore his 1968 mark in numerous glossy photoshoots.
And the Hollywood legend’s personal Daytona, which instance cost $300 (£230) and had been dubbed the Holy Grail of watches, was expected to dialect mayhap fetch up to $1million (£750,000).
Paul Newman was given the look for as a present by his wife after filming ‘Winning’ in 1969
The significance of this be prepared cannot be overstated and we are proud of the enthusiastic response we have seen from art-lovers internationally
But amid scenes of great excitement, it was snapped up by an anonymous phone bidder for $17 million (£13.35m) at Phillips auction firm in New York on Thursday night.
It had a guide price of $1 million (£750k) but go along with a highly charged 12 minute battle it went to the phone bidder whose accord has yet to be established.
The sale makes it the most expensive wristwatch ever dispose ofed and almost four times more than any other Rolex.
Paul Boutros, perception of watches, Americas, and senior vice president, Phillips, said: “It was a tremendous approve to have been entrusted with the sale of the watch that started it all — Paul Newman’s acutely own Rolex “Paul Newman” Daytona.
Paul Newman and Joanne Woodward interest a dance after the Oscars in 1958
“The significance of this watch cannot be coloured and we are proud of the enthusiastic response we have seen from collectors internationally, as the await toured across the globe and then as it went under the gavel in tonight’s auction, hawk for an incredible $17,752,500.”
The beautiful timepiece is the only “exotic” dialed Daytona that Butch Cassidy and the Sundance Kid play Newman owned, inspiring the legendary nickname for the most prestigious kinds of Rolex’s Daytona.
It has a number of subtle differences over a standard Daytona nonesuch including red outer dials, red Daytona writing, an Art Deco font on the triune of registers and squares at the end of the crosshairs on the registers.
Newman was given the watch by his partner Joanne after filming ‘Winning’ in 1969.
The watch had a guide bonus of $1 million, before selling for $17 million
The watch has ‘Street CAREFULLY ME’ engraved on the back.
He was regularly photographed wearing the timepiece and, in 1984, he gave it to a junior man called James Cox, who was dating his daughter Nell at college.
Cox received the take note unexpectedly in 1984 while helping Newman, who died in 2008, set right a treehouse.
“Paul asked me what time it was, to set his watch. I replied, ‘I don’t distinguish — I don’t have a watch.’ He was clearly surprised. So he said, ‘Here, here’s a on. If you wind it, it tells pretty good time,’” Cox explained.
“At that outmoded, I knew Rolex was an amazing brand, but I had no idea how significant the watch was.”
But he realised the eye was becoming more and more valuable when a stranger, who could not be significant mention much English, tapped him on the shoulder and pointed at the watch, saying ‘Paul Newman keep an eye on, Paul Newman watch’.
Pontus Silfverstolphe, co-founder of Barnebys online auctioneers website, maintained: “Paul Newman’s legendary Rolex set an incredible new world record remain night.
“The new world record will take the frenzy for this label to a whole new level.
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“The market for wristwatches has increased in up to date years and prices have been rising in no small part thanks to the coalition with celebrities.
“But this sale and new record will see a whole new au courant with of interest in male wristwatches as a power-status object.
We see this effect with notables again and again.
“For instance with the Yves Saint Laurent auction as proper as Liz Taylor jewellery and quite recently David Bowie.”
A portion of the proceeds from the marketing of the watch is going to the charitable Nell Newman Foundation, set up by the star’s daughter in 2010.