There’s never a shortage of bidders for a Daytona Paul Newman. Paul Newman, an actor, philanthropist, and IndyCar driver, became synonymous with the Rolex Daytona watch during his lifetime. It’s no secret that a bit of celebrity provenance can elevate an item’s value into the stratosphere, especially if the item was valuable to begin with. That is, unless he wanted to buy the brand’s Cosmograph Daytona model, in which case they’d be willing to offer him one at twenty percent off. Why Paul Newman's Daytona will be the most expensive Rolex ever David Sonnenthal, founder of New Bond Street Pawnbrokers and resident expert on Channel 4’s Four Rooms, analyses the upcoming sale of Paul Newman’s Rolex Daytona, which is likely to be among the biggest in history. Clearly the Newman design is much more “Exotic”. Equally, The Newman is being valued far beyond what it would be had the actor not owned it. The final Vintage Rolex Paul Newman Daytona creation is the 6263. Because of his massively successful acting career, good looks, and swagger – he became known as the kind of guy that all of us would want to be. The savings weren’t worth settling for the Daytona, though. Newman typically wore it on a leather military strap, and was photographed wearing it in this fashion for the 1972 book Paul Newman - Les images d'une vie. The late actor’s timepiece is due to go on sale at Phillips in New York on the 26 October. If we want to make comparisons, let’s take a look at the most expensive watch ever sold: the Rolex Daytona by Paul Newman… Because a Rolex Daytona with a Paul Newman dial commands an extremely substantial premium over a regular-dial manual-wound Daytona. If you want an Aston Martin DB5, you can comfortably pick one up for less than £1m. The first, most common, and least expensive Paul Newman Daytona also happens to be the most authentic, in that it's the actual reference worn by Newman himself. The brand didn’t do it on purpose, but pulling back production it created what feels like a super-limited and scarce item. Secondly, The Newman massively benefits from the fame and notoriety of its previous owner. Vintage Newman Daytona’s will only come in the following reference numbers: 6239, 6241, 6262, 6263, 6264 or 6265—and can range from $100,000 to even over $1 million at auction. And because of that early lack of interest in the watch, there aren’t as many to go around now - so, naturally, people want what they can’t have. But, first of all, why are there so many fake Paul Newmans in the world? David Sonnenthal is the founder and director of New Bond Street Pawnbrokers, a discreet, luxury pawnbroking service specialising in loans against luxury goods, including fine watches. Find out how an originally unpopular Rolex model became the hottest watch on the market today, with a little help from Hollywood movie star Paul Newman. The reality regarding the whereabouts of The Newman turned out to be far more mundane than many could have predicted. Paul Newman never sold the piece himself, and it never showed up anywhere on the secondary market, or in a museum. As Dowling tells it, Rolex watches in the early ‘60s, when the Daytona launched, could be counted on to display the date, dip underwater without breaking, and wind themselves automatically. The Submariner was made for the diver, the Explorer for great outdoorsman, and the GMT for pilots and businessmen who frequently made use of those pilots’ services. The reference that Paul Newman wore was a reference 6239, and can be thought of as the most authentic “Paul Newman” Daytona. Like many collectors out there, you might fall in love with the Rolex Daytona and decide that you must have it. Every once in a while, a luxury item goes up for sale that just makes you think “that’s a small piece of history right there.” Paul Newman’s Rolex Daytona – known as ‘The Newman’ - is one of those items. A Rolex that once belonged to Paul Newman became the most expensive wristwatch ever sold in an auction as it fetched $17.8 million Thursday night in New York. The old record is held by a Rolex watch known as the ‘Bao Dai,’ which sold for just north of $5m earlier this year. I can’t wait to see how much this watch goes for when the hammer falls on the 26 October. And its rock-bottom high sales estimate (a mere $1 million) always felt more like an opening bid. The most conservative estimates suggest that The Newman will sell for $3.5m, while some suggest that it will soar beyond $10m. It has a Panda Paul Newman white two-color dial, black acrylic bezel, caliber 727, and screw-down pushers. Emma Fierberg Jun 2, 2018, 2:30 PM. Why the Paul Newman? Actor Paul Newman's personal Rolex Daytona Ref. This Rolex once owned by Paul Newman smashed an auction world record Make It This vintage Rolex is the most expensive wristwatch ever sold … It’s pretty impressive, but its value is likely to increase in the future. Newman had worn the watch in a number of photoshoots for European magazines in the 1980s, which had the unintended effect of building the legend and mystique of the watch, a mystique that would only grow as decades upon decades passed with seemingly no chance of the watch itself being found. He had his eyes on a GMT, the aviation-inspired timepiece with a slick dual-colored dial. It pays to take good care of your stuff, sometimes—you never know how well it might age. But if you want one of the DB5s driven by Bond, you’ll have to pay a premium. 6241 seem almost affordable. On Monday we told you about a Rolex ‘Paul Newman’ Daytona that was being auctioned by Sotheby’s Australia the following night. Ever since news of the watch's consignment to Phillips broke in the Wall Street Journal on June 1, 2017 , … The 6239 features pump pushers and a steel bezel, with the Rolex Valjoux 722 beating inside. The actor and race car driver Paul Newman owned several Rolex Daytona chronograph watches. One of the DB5s driven by Sean Connery during the filming of the 1964 classic Goldfinger sold for £2.6m in 2010. Personally, I think it will be a big shock if it goes for any less than $5m, and it could possibly break the $10m barrier. This is a huge factor that will influence the overall sale price; this is probably a once in a lifetime opportunity. Cox wore the watch for almost a decade, not having any clue of its monetary value until a watch connoisseur excitedly pointed out that Cox was wearing Paul Newman’s watch at a trade show in 1993. level 1 Rumour has it that Rolex was the buyer of the Paul Newman Daytona. I can’t help but think that they’re going to break a world record in the process. “Since then I had this penchant for cars, especially the Ferraris. Before he handed his credit card over to the salesman, though, he asked if he could get a discount if he paid cash. Diameter: 37 mm. What happened? That’s why the original Bond Submariner sold for $ 567,000 in 2018. So why is this sale so special? On Rolex’s website, the brand writes of its precision timing: “the Daytona is a watch for winners.” That’s true in a literal sense: the watch is literally a prize for first-place finishers in the 24 Hours of Daytona and France’s Le Mans, both 24-hour races. For more than 30 years, the whereabouts of the watch have been unknown. Price: ~$6.5 million at Phillips in May 2018. Paul Newman’s Rolex Daytona Sells for $17.8 Million – Setting a New World Record for the Most Expensive Wristwatch Ever Sold On October 25, 2017, Paul Newman's personal Paul Newman Rolex Daytona Reference 6239 was auctioned off by Phillips Auction House at a final price of $17.75 Million US Dollars ( final hammer bid includes buyer’s premium ). They were moving money from one pocket to another of their own, while attracting lots of publicity and gaining brand prestige. Due to its rarity, finding a 6263 is a tough challenge and can be a costly purchase if found. This is one of the most exquisite Paul Newman watches and the most expensive. Introducing the Omega Speedmaster Apollo 11 50th anniversary limited edition, Why military watches are cornering the pre-owned market at auction, Why the Rolex ‘Milsub’ is a watch-collecting triple threat. Thanks to a combination of limited production, unusual details on the dial, and its association with the famous actor, the so-called “Paul Newman” Daytona became one of the most collectible timepieces in the world. The watch is a Rolex Cosmograph Daytona 6239, which is a valuable piece in its own right. Rolex watches are some of the most sought-after timepieces in the world. It could be recognized from a long distance. Dowling attributes much of the watch’s slowly earned popularity to the laws of supply and demand. In that case, you will now know why it is a great watch, what makes it so expensive, and how you can get one anyways. A Rolex Daytona is the most expensive wristwatch every sold. No matter which path you choose, this legendary timepiece should meet your expectations. “Rolex never offers discounts,” the salesman said, according to Dowling. The yellow gold, “lemon” dial Ref. The name is borrowed directly from arguably the most famous race in the world, the Daytona 500. The Daytona went after racecar drivers, with a chronograph (stopwatch) feature drivers could use to time their laps. However, the addition of Paul Newman’s name to the watch elevates its value far, far beyond what it would be typically.

Everyone knew it it was a watch that would break records. Actor Paul Newman's 1968 Rolex Daytona may be one of the most important vintage watches to be sold in this century. But few could have predicted that Paul Newman’s personal Rolex Daytona, which surfaced recently after it was presumed missing for decades, would garner an astounding $17,752,500—making it the most the most expensive wristwatch…

An unnamed Air Force veteran took his Rolex Daytona Paul Newman, purchased while stationed in … Watches like the Daytona are classified by Rolex as “professional” timepieces: they serve some purpose, and are made with niche communities in mind. Worth far more than similar Daytonas from that era, they regularly fetch over $100,000 at auction. Well, the simple answer to that is human greed. Paul Newman's Rolex Daytona watch sets a record for the highest priced wristwatch ever sold at auction. The unique aesthetics of the Rolex Daytona copy with white dial is charming. When Paul Newman’s myth-making Paul Newman went up for auction in 2017, it became the most expensive wristwatch ever sold at $17.8 million. What should we expect? Compared to such an astronomical price, the 940,000 USD required for a Daytona Paul Newman John Player Special ref. There are a few reasons. Cox decided to keep quiet until this year, when he decided to sell up, and donate a portion of the proceeds to an environmental charity. Rolex introduced the Daytona in 1963, in hopes of competing with Omega’s Speedmaster and capturing racing fans. Rolex Daytona with “exotic dials” – the famous “Paul Newman” dials. In 1984, Paul Newman gifted the watch to James Cox, the then-boyfriend of Newman’s daughter Nell, as a gift for completing some DIY work around the house. The Paul Newman Daytona is a really good example where they came out with a Daytona … If two or more particularly determined buyers get locked into a bidding war, we could see a quite remarkable sale price. Forty years later, the Rolex Daytona is one of the most-wanted models on the planet. For example here’s one of the very first Daytona Ref 6239 with black “Double Swiss” from 1963 next to a 3 color pump Paul Newman Daytona from 1969. Well, it’s official, Paul Newman’s Paul Newman Daytona has been sold just a few minutes ago, for a record price of over $17.7 Million, making it the most expensive wristwatch ever auctioned ( and that’s with buyer’s premium ). For this we need to compare the first Daytona designs with the later Exotic’s. Now what is so striking on a Rolex Paul Newman dial design? 6263 Daytona known as “The Legend” is set to cross the auction block in Geneva next month where Phillips places its high estimate $1.6 million, making it one of the most expensive Rolex watches on the planet. For me, this is the ultimate dream watch; I’ve been a huge fan of Paul Newman ever since my father showed me his favourite film, Cool Hand Luke. When Paul Newman’s myth-making Paul Newman went up for auction in 2017, it became the most expensive wristwatch ever sold at $17.8 million. For many decades, The Newman was assumed to be lost. A Singapore-based Daytona collector who goes by Ron K tells me that before watches, he fell hard for cars. Last night, Paul Newman's personal Paul Newman Daytona sold for a record-breaking $17.75 million, making it the most expensive wristwatch ever sold. In fact, they are some of the most expensive Rolex watches ever sold. In 1975, James Dowling, now a Rolex historian who authored a book about the brand, went to buy his very first proper watch. Finally, rarity – perceived or real – can have a serious impact on the sale price of an item. Why is the “Paul Newman” Daytona so important? When Paul Newman’s myth-making Paul Newman went up for auction in 2017, it became the most expensive wristwatch ever sold at $17.8 million. Even though racing and Nascar don’t have the same high-society image it once did when the Daytona (the watch) was first introduced, the association still pays dividends today. “I made a lot of money from the stock market, so I bought my first Ferrari when I was 30 years old,” Ron says. Whoever wins the auction for this watch truly deserves it, because they understand its importance and its place in history. As of 2020, this is the second-most expensive Rolex ever sold at auction after Paul Newman’s Daytona. Last year, a vintage Rolex Daytona worn by Paul Newman was sold at auction for $17.8 million.Cara Barrett, editor at Hodinkee, fills us in on why Rolex's are so pricey.Following is a transcript of the video. Why Paul Newman's Rolex Daytona Is the Definitive Racing Watch When bidding ended on October 26, 2017, a single wristwatch had sold for a record-setting $17.8 million. And throwing the watch in with the trophy was a sleek bit of marketing: a way for Rolex to smartly associate itself with victors, the same way it gives its watches to climbers who mount Everest or swimmers who cross the English channel. Some are even predicting that Newman’s watch could eclipse the previous record by some distance. So how popular is the Newman Daytona? “It has this magical appeal and mystic feel that makes me look very special,” he says of the Daytonas. A brand new Fender Stratocaster will cost you less than £1,000, but the Strat that Jimi Hendrix played at Woodstock sold for around £1.5m at auction in 1998. Paul Newman himself wore this edition, and his personal timepiece became the most expensive Rolex of all time when it sold at a Phillips auction for 17.75 million USD in October 2017. Here's why. 3, Rarity. Because the Ferrarris have this aerodynamic curvy shape.” Ron found the same elegant shape on the Daytona and has amassed seven of them over his lifetime. Whether it’s scarcity, the watch’s history in racing, the association with Newman or some potent concoction of the three, the Rolex Daytona is now an ultimate collector’s item. For many watch collectors, The Newman became something of a holy grail; the ultimate watch that they wanted to get their hands on, but one that would likely never be found. The Daytona’s most important association isn’t with the sport of racing itself but one particularly famous actor-turned-racer named Paul Newman. Movement: Valjoux cal. Hardly anyone was interested in buying them, so Rolex didn’t produce as many. Nowadays, those Daytonas sell for hundreds of thousands of dollars, and their epitome was the recent sale of Paul Newman’s own “Cosmograph Daytona Paul Newman” for the sum of … Why Rolex watches are so expensive. The two-tone dial became so closely associated with the Hollywood legend that collectors started referring to those models as Paul Newman Daytonas. One Expensive Daytona A vintage timepiece like this Paul Newman Rolex is exceptionally rare and important. It’s fair to assume that the winning bidder won’t be in a hurry to part ways with the watch once they have their hands on it. Since it is rare, the Paul Newman Daytona watches are very difficult to get, making it more and more popular. 6239 watch, known as the "Paul Newman," sold at Phillips for $15.8 million, setting a record for the world's most expensive … It’s the very watch that created an icon (the Paul Newman Daytona), the very watch that is, in fact, the reason why collecting steel sports watches is now so popular. The watch, auctioned at Phillips in New York, was sold for $15.5 million. It is the legendary, monumental, and sought-after Rolex exotic-dial Daytona watch owned by Paul Newman—a watch so synonymous with its owner it’s known as simply Paul Newman’s Paul Newman. The story goes that once Newman started seriously racing his wife went to Tiffany & Co and bought a Daytona with a black-and-white “Exotic” dial. Well, on Wednesday we discovered that the watch hammered in at $219,600 (including buyer’s premium), making it the most expensive wristwatch ever auctioned in Australia. Find out about the production quirk that turned an already desirable Rolex ‘Paul Newman’ Daytona into a dream for a demanding collector. Various pieces have sold over the years for tens, and even hundreds, of thousands of pounds. The Rolex Daytona was inspired by racecar drivers and enthusiasts, most notably, iconic actor Paul Newman, who reportedly wore his Daytona every day after he was gifted one by his wife. Our upcoming Watches sale (April 16 | London) features two exceptional examples of the Rolex Paul Newman Daytona, Reference 6262 – a white and black panda dial from 1970, seen here in the video, and a rare three-colour black dial from 1971. Here's how the racing-inspired watch went from neglected to beloved. The Daytona didn’t check any of those boxes. Why? What I am saying is this; one way or another, I am sure that the Rolex sale record will be broken when this watch is sold. The special appearance makes it one of the most recognizable watches in the world. Firstly, it is widely expected to break the world record sale price for a Rolex watch.

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