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. 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. 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. 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. Compared to such an astronomical price, the 940,000 USD required for a Daytona Paul Newman John Player Special ref. 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. 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. Find out about the production quirk that turned an already desirable Rolex ‘Paul Newman’ Daytona into a dream for a demanding collector. 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. The late actor’s timepiece is due to go on sale at Phillips in New York on the 26 October. The Paul Newman Daytona is a really good example where they came out with a Daytona … Equally, The Newman is being valued far beyond what it would be had the actor not owned it. The savings weren’t worth settling for the Daytona, though. A Rolex Daytona is the most expensive wristwatch every sold. 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. 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. 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. It has a Panda Paul Newman white two-color dial, black acrylic bezel, caliber 727, and screw-down pushers. As of 2020, this is the second-most expensive Rolex ever sold at auction after Paul Newman’s Daytona. The Daytona went after racecar drivers, with a chronograph (stopwatch) feature drivers could use to time their laps. 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. They were moving money from one pocket to another of their own, while attracting lots of publicity and gaining brand prestige. So how popular is the Newman Daytona? There are a few reasons. Paul Newman, an actor, philanthropist, and IndyCar driver, became synonymous with the Rolex Daytona watch during his lifetime. Rumour has it that Rolex was the buyer of the Paul Newman Daytona. But if you want one of the DB5s driven by Bond, you’ll have to pay a premium. There’s never a shortage of bidders for a Daytona Paul Newman. 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. An unnamed Air Force veteran took his Rolex Daytona Paul Newman, purchased while stationed in … “I made a lot of money from the stock market, so I bought my first Ferrari when I was 30 years old,” Ron says. For this we need to compare the first Daytona designs with the later Exotic’s. 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. Clearly the Newman design is much more “Exotic”. 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. 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. Because a Rolex Daytona with a Paul Newman dial commands an extremely substantial premium over a regular-dial manual-wound Daytona. The reality regarding the whereabouts of The Newman turned out to be far more mundane than many could have predicted. It pays to take good care of your stuff, sometimes—you never know how well it might age. The brand didn’t do it on purpose, but pulling back production it created what feels like a super-limited and scarce item. Rolex Daytona with “exotic dials” – the famous “Paul Newman” dials. Ever since news of the watch's consignment to Phillips broke in the Wall Street Journal on June 1, 2017 , … On Monday we told you about a Rolex ‘Paul Newman’ Daytona that was being auctioned by Sotheby’s Australia the following night. The unique aesthetics of the Rolex Daytona copy with white dial is charming. For many decades, The Newman was assumed to be lost. 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 two-tone dial became so closely associated with the Hollywood legend that collectors started referring to those models as Paul Newman Daytonas. Why Rolex watches are so expensive. I can’t help but think that they’re going to break a world record in the process. Rolex watches are some of the most sought-after timepieces in the world. 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. 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. Hardly anyone was interested in buying them, so Rolex didn’t produce as many. So why is this sale so special? 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. 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. 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. 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. This is one of the most exquisite Paul Newman watches and the most expensive. In fact, they are some of the most expensive Rolex watches ever sold. This is a huge factor that will influence the overall sale price; this is probably a once in a lifetime opportunity. If two or more particularly determined buyers get locked into a bidding war, we could see a quite remarkable sale price. The special appearance makes it one of the most recognizable watches in the world. The watch is a Rolex Cosmograph Daytona 6239, which is a valuable piece in its own right. 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. A Singapore-based Daytona collector who goes by Ron K tells me that before watches, he fell hard for cars. It’s pretty impressive, but its value is likely to increase in the future.

Everyone knew it it was a watch that would break records. 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. 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. Whoever wins the auction for this watch truly deserves it, because they understand its importance and its place in history. That’s why the original Bond Submariner sold for $ 567,000 in 2018. 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. No matter which path you choose, this legendary timepiece should meet your expectations. Why the Paul Newman? However, the addition of Paul Newman’s name to the watch elevates its value far, far beyond what it would be typically. And its rock-bottom high sales estimate (a mere $1 million) always felt more like an opening bid. Why is the “Paul Newman” Daytona so important? Rolex introduced the Daytona in 1963, in hopes of competing with Omega’s Speedmaster and capturing racing fans. One of the DB5s driven by Sean Connery during the filming of the 1964 classic Goldfinger sold for £2.6m in 2010. Secondly, The Newman massively benefits from the fame and notoriety of its previous owner. Like many collectors out there, you might fall in love with the Rolex Daytona and decide that you must have it. Actor Paul Newman's personal Rolex Daytona Ref. Some are even predicting that Newman’s watch could eclipse the previous record by some distance. 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 … Here's how the racing-inspired watch went from neglected to beloved. “Since then I had this penchant for cars, especially the Ferraris. 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. For more than 30 years, the whereabouts of the watch have been unknown. 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. Firstly, it is widely expected to break the world record sale price for a Rolex watch. 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 ). 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. The most conservative estimates suggest that The Newman will sell for $3.5m, while some suggest that it will soar beyond $10m. Paul Newman's Rolex Daytona watch sets a record for the highest priced wristwatch ever sold at auction. 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. Now what is so striking on a Rolex Paul Newman dial design? The reference that Paul Newman wore was a reference 6239, and can be thought of as the most authentic “Paul Newman” Daytona. Forty years later, the Rolex Daytona is one of the most-wanted models on the planet. Various pieces have sold over the years for tens, and even hundreds, of thousands of pounds. 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. Dowling attributes much of the watch’s slowly earned popularity to the laws of supply and demand. But, first of all, why are there so many fake Paul Newmans in the world? 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 6239 features pump pushers and a steel bezel, with the Rolex Valjoux 722 beating inside. 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 watch, auctioned at Phillips in New York, was sold for $15.5 million. The name is borrowed directly from arguably the most famous race in the world, the Daytona 500. Emma Fierberg Jun 2, 2018, 2:30 PM. Since it is rare, the Paul Newman Daytona watches are very difficult to get, making it more and more popular. The Daytona didn’t check any of those boxes. This Rolex once owned by Paul Newman smashed an auction world record Make It This vintage Rolex is the most expensive wristwatch ever sold … One Expensive Daytona A vintage timepiece like this Paul Newman Rolex is exceptionally rare and important. Here's why. 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. “Rolex never offers discounts,” the salesman said, according to Dowling. 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. He had his eyes on a GMT, the aviation-inspired timepiece with a slick dual-colored dial. Movement: Valjoux cal. 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. The Daytona’s most important association isn’t with the sport of racing itself but one particularly famous actor-turned-racer named Paul Newman. Watches like the Daytona are classified by Rolex as “professional” timepieces: they serve some purpose, and are made with niche communities in mind. Due to its rarity, finding a 6263 is a tough challenge and can be a costly purchase if found. 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. The final Vintage Rolex Paul Newman Daytona creation is the 6263. 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. Worth far more than similar Daytonas from that era, they regularly fetch over $100,000 at auction. Paul Newman never sold the piece himself, and it never showed up anywhere on the secondary market, or in a museum. 3, Rarity. 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. level 1 Finally, rarity – perceived or real – can have a serious impact on the sale price of an item. 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. Price: ~$6.5 million at Phillips in May 2018. 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.

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