You just can’t buy that sort of reputation and it secured them as the worlds foremost respected watch manufacturer, but, well, you can, obviously, buy that sort of reputation. They were always luxury watches, but perhaps much more affordable to folks making middle income 40-45 years ago. To own one is a dream for so many. His wife also engraved the text “DRIVE CAREFULLY ME” on the bottom case of the fake watch. When an original Rolex “Paul Newman” Daytona is offered for sale, collectors take notice. Paul Leonard Newman (January 26, 1925 – September 26, 2008) was an American actor, film director, race car driver, and entrepreneur. Phillips auction house has announced that on 12 December it will sell two unique, culturally significant watches: a Rolex Ref. The most rumoured from people who ‘know’ say it was a Saudi Prince, especially since Aurel Bacs commented in an interview the buyer was an individual, but knowing Aurel, that was a ruse to confuse. In the 1990’s an early 2000’s Patek Philippe made no secret they would bid at auction, usually successfully, on their own historically important vintage watches in an effort to build inventory for the (2001) ’Patek Philippe Museum’ in Geneva. Will lightning strike Phillips … https://www.wsj.com/articles/SB119178753176051433, WHY I BELIEVE ROLEX (Geneva) BOUGHT PAUL NEWMAN'S ROLEX DAYTONA 'PAUL NEWMAN', ← HISTORY OF JOHN LENNON'S PATEK PHILIPPE REF.2499. But that's not all. One of the most valuable double-signed Paul Newmans was sold by Christie's approximately one year ago, and that was a gold 6241 retailed by Hermes in Paris. WHY I BELIEVE ROLEX (Geneva) BOUGHT PAUL NEWMAN'S ROLEX DAYTONA 'PAUL NEWMAN' February 3, 2020 In the 1990’s an early 2000’s Patek Philippe made no secret they would bid at auction, usually successfully, on their own historically important vintage watches in an effort to build inventory for the (2001) ’Patek Philippe Museum’ in Geneva. Which is why, in New York on October 26, 2017, when (ex) Phillips Geneva representative Dr Nathalie Monbaron bid $15.5 million (US$17.8 million with auction fees) for the Rolex Daytona ‘Paul Newman’ given to Paul Newman by his wife Joanne Woodward, I knew, with some decree of confidence, Rolex had bought it. The same one Joanne Woodward bought for Paul Newman in a white version. It pays to take good care of your stuff, sometimes—you never know how well it might age. Henry Leutwyler for WSJ Magazine Paul Newman was once the most bankable movie star in the world and tonight at Phillips auction house in New York, he … Which brings us to Rolex S.A. Rolex are known to be perhaps the most secretive of Swiss watch companies, for good reason. The most expensive wristwatch ever sold when it achieved US$17.52m at Phillips, the Rolex “Paul Newman” Daytona once owned by the actor was a high watermark in vintage Rolex collecting when it sold in 2017. Paul Newman’s very own Daytona broke the record for the most expensive watch ever sold at auction in 2017, with the hammer coming down at … The final two phone bidders were Nathalie Monbaron from Geneva and Tiffany To, from (previously) Hong Kong. The Rolex Daytona is among the most recognizable watches in the world, most famously worn by the late, great actor, race car driver and philanthropist Paul Newman. The final bids were NB at 15 million, TT at 15.1 million and eventually NB at 15.5 million. A year earlier the company sold a stainless-steel version for $2 million. The fact that they had such deep pockets and knew the history of each watch, meant they usually bid a hefty premium and made the news as vintage watch prices started to seriously escalate.In the 90’s every top lot reported at auction, almost without exception, was a Patek Philippe. Legend has it that Joanne Woodward bought the Daytona in the late ’60s at a Tiffany & Co. on Fifth Avenue—only a couple blocks over from the Phillips auction house it’s auctioned off … ... As such, she bought … Legend has it that Newman’s wife, the actress Joanne Woodward, bought Newman’s Daytona … Photo: Getty Images In many ways, the late Paul Newman was the epitome of cool. In late 2018 Rolex released the new website rolex.org to (finally) focus on their heritage and previous important owners. Paul wore the watch … Three years ago, Phillips auction house in New York sold Paul Newman’s “Paul Newman” Rolex Daytona for $17.8 million. You can read about it here. Ellen DeGeneres at her home with Jasper Lijfering, showing off her newly acquired Rolex Paul Newman John Player Special Daytona. Paul Newman's Rolex Daytona just set a new world record for a watch sold at auction. Not only that, Cox would be putting the watch up for auction. This absolutely fresh to the market watch is the “Paul Newman” Daytona after which all others came second. Paul Newman’s wife, Joanne Woodward, bought him the “exotic dial” Daytona (supposedly from Tiffany & Co. in New York City) in 1968/1969. It is a gift from his wife. 6263 “Big Red” – for US$5.48m including fees. While Patek Philippe were usually publicly quoted as being the buyer of significant watches, Omega were less forthcoming about their participation. Before Aurel Bacs put the gavel down he commented “It’s not going come back to you Tiffany, EVER, I know where it’s going’. As most car enthusiasts do, Paul Newman also loved watches. It didn’t mention Patek Philippe also bid and bought watches from other makers it wanted for it’s museum and made it sound, at least to the average reader, like they were in cahoots with Antiquorum to bid on every watch at auction and fool collectors by driving up prices, which was a lie, or certainly misleading. Let’s not forget that Paul Newman’s own “Paul Newman” Daytona still holds the record for the most expensive wristwatch ever sold at auction, selling for a whopping $17.8 million in 2017. With an estimated US$8 billion value, Rolex really is unlike any other watch company. Paul Newman’s very own Daytona broke the record for the most expensive watch ever sold at auction in 2017, with the hammer coming down at $15.5 million (for a total of $17.8 million with the buyer’s premium). Paul Newman's Daytona Rolex just became the most expensive wristwatch ever sold at auction, selling for $17.8 million. Learn the prices & history of the Rolex Daytona Paul Newman, reference 6239, 6241, 6262, 6263, 6264 or 6265. Assuming they do open a museum, among the watches on display I am confident will be Paul Newman’s very own Rolex Daytona ‘Paul Newman’. The Air Force vet, who appears to be the bearded gentleman bleeped at the end of the Antiques Roadshow spot above, must be really glad he decided his watch was just too fancy to wear with SCUBA gear. Tiffany’s bidder, who we now know to be a Singapore collector, placed an opening bid of $10 million to took the room, and auctioneer, by surprise, however he was more cautious bidding in later stages raising the bid slowly in $100,000 increments. And the Paul Newman variants of vintage Daytonas—characterized by a very particular dial style—are downright legendary. A rare Rolex watch that was owned by the late movie star Paul Newman has sold for almost $17.8m (£13.5m), making it the most expensive watch ever auctioned.. Newman, who won an … But mostly, after the record set by his other Daytona, the collecting community was particularly looking at this one too. This accepted and known practice of prestigious Swiss manufacturers bidding for their own vintage and highly collectible watches at auction didn’t muddy the waters, other than perhaps to dissuade some collectors from bidding when they assumed they would be against Patek Philippe, they simply knew they wouldn’t win. Of course others might have a different view of the unknown buyer and I’ve heard so many rumours, my favourite was it was Ellen Degeneres, I’ve also heard it was Ralph Lauren, although James Cox knew Ralph as he’d asked me what he should offer it to him for, besides Ralph’s brother Jerry was in the room with a paddle. But this watch was not bought by Paul Newman himself. I would expect to see Rolex, finally, hopefully, open a museum in Geneva hosting their own watches and others, such as the first automatic watches launched by Harwood in 1926 that Rolex purchased the patent for in 1929 and released their own, improved, version of in the form of the Oyster Perpetual in 1931. Ever since the publication Patek Philippe stopped allowing the auction houses to announce their purchases to the press, initially changing the wording to “purchased by an private museum’ and then to simply requesting privacy. Of course one of the problems with this business is; everyone’s an expert. Now you know how one Air Force vet felt when he found out the real value of the Rolex he bought back in 1973. autoevolution FEATURED autoevolution's Celebration ... or a Paul Newman Daytona… Paul Newman is seen wearing his iconic Rolex, a gift from his wife that he wore every day for more than 15 years Joanne bought the timepiece from … An Air Force Veteran Paid $350 for This Rolex Daytona in the ’70s. The appraiser added that since the watch was unworn and still had all of its documentation, and even the sticker on its back, he could expect it to sell for $500,000 to $700,000, just as long as it remains unworn. For years, its whereabouts were unknown to the public until news broke this summer that, since 1984, it has belonged to James Cox, who’d been dating Newman’s daughter Nell at the time. The same for Omega, Stacy Meichtry turned what was once an accepted and acknowledged practice of transparency, into secrecy. Yes, that was the original story James Cox told me. And now Phillips has sold another vintage Daytona owned by the late actor – a ref. Then, we have the Lemon dial Paul Newman, which sold last year at Antiquorum for over $840,000 due to its solid gold Oyster case and never seen before dial. She had the caseback inscribed “Drive Carefully Me." Of course, we know Rolexes age well now. Serial: 1,600,xxx (1967). Still in the family, Paul Newman’s Rolex Daytona Ref.6263 (black dial), Still in the family, Paul Newman’s Rolex Daytona Ref.116519 (white gold black dial). Wouldn’t have made for a good press release though. You can buy & sell Paul Newman Daytona's too. That said, Omega has every right to bid and buy at auction and no doubt still does, regardless though, they won’t buy just anything, only significant pieces they would put into their own museum. When you spend the most, you demand the most. Amazingly, it’s still available online https://www.wsj.com/articles/SB119178753176051433)  Overall, the participation of watch manufacturers bidding at auction was written in a very scandalous way, and, well, the Swiss really don’t like scandals. Today, according to the Roadshow appraiser, it could be worth as much as $700,000. I heard stories subsequently about a Saudi Prince buying it, or Ralph Lauren, the latter I know untrue as the watch was offered directly to Ralph by (seller) James Cox (James asked me how much to ask, luckily, for him, I talked him out of selling) there were other similar unrealistic tales about the buyer, but sometimes this business is about reading between the lines. Then, Paul Newman wore this Daytona with special meaning almost every day from 1969 to 1984. His most famous, and the one he wore the most, was his Reference 6239 Rolex Daytona, which was bought for him by his wife, Joanne Woodward. The Rolex advertising campaign stresses ‘Every watch tells a Story’ and, although it can always be argued Rolex watches have some pretty impressive owners, including dictators and presidents, none come to mind like the passion and influence Paul Newman impressed on the world when he wore his ref.6239 Daytona; a watch he gave away in 1986 because he jumped into a swimming pool with it on, forgetting it wasn’t waterproof and the glass steamed up. This is the first, the authentic and original «Paul Newman» version. The site also noted a quote from Rolex specialist and Hodinkee founder Ben Clymer, who said that the "Rolex Cosmograph Oyster Reference 6263 (...) is the most desired, most beautiful, and most expensive standard Paul Newman Daytona around.". $3,717,906 – The most expensive Rolex Daytona ever auctioned – the Oyster Paul Newman “The Legend” In Gold with Lemon dial, sold by Phillips at “Geneva Watch Auction: Five” on May 14th, 2017 “ This present black, non-exotic dial Cosmograph Daytona, reference 6263 was bought for Newman once again by Joanne Woodward. Now It’s Worth Up to $700,000 ... North Dakota, with the timepiece in question, an Oyster Paul Newman … Nathalie on the other hand, speaking in French to her successful client on the phone, was bidding in a very prompt and precise manner, you could say in a very Swiss way. In May, an 18-karat gold “Paul Newman” Daytona fetched $3.7 million at Phillips in Geneva. An unnamed Air Force veteran took his Rolex Daytona Paul Newman, purchased while stationed in Thailand in the 1970s, to an Antiques Roadshow taping … In later years Omega started buying back their own watches at auction to build a museum, even going as far as to assist in the highly publicised Antiquorum OmegaMania auction in 2004. Still in the family, Paul Newman’s steel Rolex Daytona Ref.16520 (white dial) presented to him in 1995. This was an unusual and telling comment from Aurel as any collector could be tempted to sell, or his heirs no interest in watches and sell, only if someone with no financial restrictions and a strong incentive to retain the watch would that comment be applicable, like a corporate company for instance. Paul Newman wearing his Rolex Daytona “Paul Newman” (photo courtesy www.rolexpassionreport.com) In addition, Newman was a legitimate “Rolex guy.” He reportedly owned at least five different Daytona models over the years along with other Rolexes, and not only wore them regularly but gave many of them away to friends and family members. Via Hodinkee we learn he paid just over $345 USD when he bought the Rollie, which he planned to wear as a dive watch. To the casual reader it was a bombshell and changed the way manufacturers bid at auction. Newman was both an accomplished racer and one of Hollywood’s brightest stars; he was uniquely equipped to make the Daytona a pop culture phenomenon. This means the profits from Rolex are re-invested back into the company and they’re not obliged to release financial details, it’s also why they spend more money on advertising the any other watch company, something like US$80 million in 2018 and donate an unknown figure to numerous worthwhile events and charities. For cool kids only. The Air Force veteran reportedly fell to the floor when he realized the watch's value. If paying $18mill for Paul Newman's Daytona was ever smart, now a 2nd one is out, it might be looking a bit less so and if more "unique" trophy watches still lurk around the Newman/Woodward family these Daytona's might end up nearly as common as the Ultraman. Hodinkee recorded the man's response to learning that his Rolex could go for a minimum of $500,000: When the appraiser told him that a watch like his could expect to earn $400,000 at auction, he fell to the ground. He was the recipient of numerous awards, including an Academy Award, a BAFTA Award, three Golden Globe Awards, a Screen Actors Guild Award, a Primetime Emmy Award, the Cecil B. DeMille Award, and the Jean Hersholt Humanitarian Award. (In 2017, the Rolex Daytona that Newman actually wore and owned for years sold at auction for $17.8 million, a record for wristwatches that stood until a … Paul Newman's very own Paul Newman Rolex Daytona went up for auction at Phillips Auction House in New York on Thursday and sold for a record-breaking $17.8 million (£13.6 million). Ever noticed you never see a Rolex advert on the inner pages of a glossy magazine, only on the back or inner covers? The article suggested that manufacturers were buying back their own watches to artificially inflate prices and create demand. It was a reference 6239, to be exact. But another racer, the English driver Sir Malcolm Campbell, is also partially responsible for the watch’s development into the iconic model we know today. The watches of Paul Newman tell not only of a man dedicated to motor racing, but what a wonderful woman Joanne Woodward must have been to support him in his crazy passion by engraving the reverse. Paul Newman & The Rolex Cosmograph Daytona Roughly around the time Winning was filmed, Joanne purchased the perfect gift for her husband – a Rolex Cosmograph Daytona reference 6239 with “exotic” dial, manufactured in 1968 and designed specifically for motor sport. Even the title was incorrectly written. Everything changed though when a French journalist for the Wall Street Journal, Stacy Meichtry, published an article in 2007 titled ‘How Top Watchmakers Intervene in Auctions’. Among Paul Newman’s personal possessions were two Rolex Explorer Ref.14270, both unworn. When the founder of Rolex, Hans Wilsdorf died in 1960 with no heirs, he left his 100% ownership shares to the Hans Wilsdorf Foundation (founded in 1945). Find out more when this new episode of Antiques Roadshow airs on January 27 on PBS. The other intriguing point about Singer’s exotic dials is that they were not exclusive to Rolex. An unnamed Air Force veteran took his Rolex Daytona Paul Newman, purchased while stationed in Thailand in the 1970s, to an Antiques Roadshow taping and he discovered they appreciate at an incredible rate. The article is one of the worse pieces of watch journalism I have ever read and so factually incorrect regarding both the manufacturers participation and the auction process, it is amazing the WSJ ever published it, or weren’t sued. It’s well known within the industry Rolex have been quietly bidding and buying at auction for some time and purchase rare examples from select dealers; but it’s always very quietly. 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