Phillips wristwatch beats own auction world record with $17.8m sale

Saturday, 28 Oct, 2017

The auction, "Winning Icons - Legendary Watches of the 20th Century" saw heated bidding between to unknown people, according to the auction house. But then again, her husband was no ordinary man.

The early Rolex Daytonas are the Ferrari 250 GTOs of that bubble (without the fun a vintage Ferrari race vehicle can offer), and if you add the icon that is Paul Newman to the picture, their no sum stopping the most addicted Rolex fanatics.

NY auction house Phillips sold a Rolex Daytona for $17.8 million, the largest ever price for a wristwatch at auction.

The stainless steel watch features a crocodile strap and can be seen in countless photos of Newman, who became a serious racing vehicle driver himself thanks to his experience making the movie. The Phillips auction house explains it very clearly, especially the part about how the watch seemingly disappeared in 1984 before popping up again decades later.

The Rolex "Paul Newman" Cosmograph Daytona, as it was presented, topped the previous $11.1 million record sale at Phillips auction. After the movie, he chose to take up the sport of motor racing himself, leading to his wife presenting the Rolex Daytona to him, with the words "DRIVE CAREFULLY ME" engraved on the back.

This past June he made a decision to sell it and give "a big portion" of the proceeds to the Nell Newman Foundation, whose goal is "carrying on her father's legacy of charitable giving, coupled with her passion for the environment", and the Newman's Own Foundation. "If you wind it, it tells pretty good time, '" Cox told the Wall Street Journal. Cox replied saying sorry, he didn't know, as he didn't have a watch.

When asked about what the namesake would think of all this, Cox had a sweet answer. The $17.8 million price tag includes the auction fees.