On October 26, 2017, Paul Newman’s own “Paul Newman” performed an auction at Phillips’ “WINNING ICONS” special event. In the end, the commission transaction price was as high as $17.43 million. This watch is now the most expensive Rolex in the world and the world’s most expensive watch.
Why is “Paul Newman” Daytona so expensive?
Initially, this watch has nothing to do with the hero Paul Newman. This is only a Rolex watch. Paul Newman not only won the Oscar Lifetime Achievement Award, but also a race car driver. In addition to acting, the favorite is racing.
In 1963, Rolex launched a new watch called Daytona. This is a Rolex watch designed for racing. In the late 1960s, Rolex’s Daytona launched another disc design called Daytona called “Exotic Dials.” At the time, this watch was not attractive because the original version was not clean and tidy, so the output was small.
And Paul Newman had an “Exotic Dials” Daytona, his wife bought him a classic black and white chronograph dial, engraved with the words “DRIVE CAREFULLY ME” engraved on the back of the watch, meaning careful driving. This watch was accompanied by Paul Newman for nearly 40 years and then handed over to her older daughter’s boyfriend James Cox.
Paul Newman founded Newman Own in 1982, a food company named after himself. He donated his own earnings to charity. Donations ended on September 26, 2008. On this day, Paul Newman died of cancer.
After his death, her daughter’s ex-boyfriend James Cox sent the watch to the auction house and donated part of his income to the Neuermann Foundation for charity. So this watch can be sold at a price of 17.43 million U.S. dollars.