Paul Newman's Rolex Most Expensive Wristwatch Ever Sold at Auction

Kelly Massey
October 28, 2017

The watch auction house saw a total sale of $28,875,750 (£22,062,430) - the highest total for a watch auction in United States history.

The Swiss watch - which became known as the "Paul Newman Daytona " - features a cream face with the brand's iconic crown emblem, three black subdials and a tachymeter bezel.

A new world record has been set for the sale [VIDEO] of a wristwatch on Thursday after Phillips Auction House in NY fetched a tasty nearly $17.8 million for a #Rolex Daytona watch, given to the late actor #Paul Newman by his wife, actress #Joanne Woodward.

That is until he stopped wearing it in 1984.

At the time, Paul Newman was passionate about auto racing and the watch echoed that with an engraving, "Drive Carefully Me", at the back.

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A watch previously owned by the late Paul Newman has sold for a record-breaking $17.8 million.

Dubbed among "Twelve of the Greatest Missing Watches" by Hodinkee in 2012, the Rolex has actually been in the possession of its owner, James Cox, for decades. "The true "Adam and Eve" of the watch-collecting world", another said. Factor in the additional "buyer's premium", and the watch's final price tag went for a whopping $17.8 million.

"Pop handed James his Rolex and said, ´If you can keep in mind to wind this each day, it tells pretty good time, ´" wrote Nell in a signed letter accompanying the sale. "If you wind it, it tells pretty good time". Years later, when Cox (who is still friends with Nell) realized how valuable the watch could be, he chose to sell it and give what the Journal calls "a significant portion of the proceeds" to the charitable foundation Nell started after her father's death.

When asked about what the namesake would think of all this, Cox had a sweet answer.

Other reports by Guamnewswatch

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