The world of horology witnessed a seismic event in October 2017 when a Rolex Daytona, once owned by the iconic actor Paul Newman, fetched a staggering price at auction, shattering the previous record for the most expensive wristwatch ever sold. This remarkable sale not only cemented the legendary status of the "Paul Newman" Daytona but also propelled the already coveted timepiece into a stratosphere of its own, influencing the market for vintage Rolexes and high-end watches in general. The sale, handled by Phillips auction house, marked a watershed moment, demonstrating the incredible value and desirability of this specific model and its association with a Hollywood icon. This article delves into the details of this record-breaking sale, exploring the factors that contributed to its astronomical price, examining the broader implications for the market, and addressing related queries such as the current value of Paul Newman Daytonas, the availability of similar models for sale, and the identity of the mystery buyer.
The Most Expensive Rolex Daytona: A Piece of Hollywood History
The watch that achieved this unprecedented price was a Rolex Cosmograph Daytona reference 6239, a model produced between 1963 and 1969. Its unique features, particularly its distinctive "Paul Newman" dial, set it apart. The "Paul Newman" dial is characterized by its unusual sub-dials, which are larger and have a contrasting color scheme compared to standard Daytona dials. This particular design, with its exotic sub-register configuration, was dubbed the "Paul Newman" dial by collectors, a name that has become synonymous with a highly sought-after variant of the Daytona. While the exact reason for the naming remains somewhat debated, the association with the Hollywood legend undeniably contributed to its immense value.
The watch sold by Phillips was particularly significant due to its provenance. It was a gift from Paul Newman to his wife, Joanne Woodward, inscribed with the heartfelt message, "Drive Carefully. Me." This personal inscription, along with its excellent condition and documented history, added considerably to its allure and ultimately its value. The fact that it was directly linked to Newman, a celebrated actor known for his passion for racing and his sophisticated style, further amplified its desirability among collectors. The auction attracted considerable international attention, with bidders vying for the chance to own a piece of Hollywood history and a horological masterpiece.
The final hammer price of $17.75 million shattered the previous record for the most expensive wristwatch ever sold, solidifying the Paul Newman Daytona's place in horological history. This price was not just a reflection of the watch's rarity and condition but also a testament to the enduring legacy of Paul Newman and the powerful influence of celebrity ownership on the value of luxury goods.
Paul Newman Rolex Value: A Skyrocketing Market
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