Paul Leonard Newman (January 26, 1925 – September 26, 2008) was an American actor, film director, race car driver, and entrepreneur. 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. Legend has it that Newman’s wife, the actress Joanne Woodward, bought Newman’s Daytona … 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. 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. 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… But this watch was not bought by Paul Newman himself. 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. Even the title was incorrectly written. 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. This absolutely fresh to the market watch is the “Paul Newman” Daytona after which all others came second. 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. Find out more when this new episode of Antiques Roadshow airs on January 27 on PBS. Which brings us to Rolex S.A. Rolex are known to be perhaps the most secretive of Swiss watch companies, for good reason. Three years ago, Phillips auction house in New York sold Paul Newman’s “Paul Newman” Rolex Daytona for $17.8 million. You can buy & sell Paul Newman Daytona's too. 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’. Wouldn’t have made for a good press release though. Will lightning strike Phillips … Photo: Getty Images In many ways, the late Paul Newman was the epitome of cool. 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 … 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. Paul Newman's Rolex Daytona just set a new world record for a watch sold at auction. When you spend the most, you demand the most. 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. As most car enthusiasts do, Paul Newman also loved watches. It pays to take good care of your stuff, sometimes—you never know how well it might age. 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. The Air Force veteran reportedly fell to the floor when he realized the watch's value. 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 … A year earlier the company sold a stainless-steel version for $2 million. An unnamed Air Force veteran took his Rolex Daytona Paul Newman, purchased while stationed in Thailand in the 1970s, to an Antiques Roadshow taping … Among Paul Newman’s personal possessions were two Rolex Explorer Ref.14270, both unworn. His wife also engraved the text “DRIVE CAREFULLY ME” on the bottom case of the fake watch. This is the first, the authentic and original «Paul Newman» version. Learn the prices & history of the Rolex Daytona Paul Newman, reference 6239, 6241, 6262, 6263, 6264 or 6265. It is a gift from his wife. 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. 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). Ever noticed you never see a Rolex advert on the inner pages of a glossy magazine, only on the back or inner covers? The final two phone bidders were Nathalie Monbaron from Geneva and Tiffany To, from (previously) Hong Kong. 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). Still in the family, Paul Newman’s steel Rolex Daytona Ref.16520 (white dial) presented to him in 1995. 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). 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. Serial: 1,600,xxx (1967). 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. The same one Joanne Woodward bought for Paul Newman in a white version. For cool kids only. ROLEX fitted randomly exotic dials on its Daytona until ~1972 (ends around serial 3,06x,xxx). 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. Today, according to the Roadshow appraiser, it could be worth as much as $700,000. 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. 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). $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 The same for Omega, Stacy Meichtry turned what was once an accepted and acknowledged practice of transparency, into secrecy. It’s also rumoured recently they’ve been acquiring watches with strong provenance. An Air Force Veteran Paid $350 for This Rolex Daytona in the ’70s. 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’. 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. 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. 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. When an original Rolex “Paul Newman” Daytona is offered for sale, collectors take notice. 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. 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. Ellen DeGeneres at her home with Jasper Lijfering, showing off her newly acquired Rolex Paul Newman John Player Special Daytona. The final bids were NB at 15 million, TT at 15.1 million and eventually NB at 15.5 million. 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. Phillips auction house has announced that on 12 December it will sell two unique, culturally significant watches: a Rolex Ref. 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. 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. In late 2018 Rolex released the new website rolex.org to (finally) focus on their heritage and previous important owners. Via Hodinkee we learn he paid just over $345 USD when he bought the Rollie, which he planned to wear as a dive watch. 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. To own one is a dream for so many. (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 … 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. Of course one of the problems with this business is; everyone’s an expert. 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. 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. The other intriguing point about Singer’s exotic dials is that they were not exclusive to Rolex. 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. It was a reference 6239, to be exact. 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. 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. 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. 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.". 6263 “Big Red” – for US$5.48m including fees. The article suggested that manufacturers were buying back their own watches to artificially inflate prices and create demand. 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. 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. She had the caseback inscribed “Drive Carefully Me." 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. But that's not all. Not only that, Cox would be putting the watch up for auction. 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. 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. And the Paul Newman variants of vintage Daytonas—characterized by a very particular dial style—are downright legendary. Paul Newman’s wife, Joanne Woodward, bought him the “exotic dial” Daytona (supposedly from Tiffany & Co. in New York City) in 1968/1969. Then, Paul Newman wore this Daytona with special meaning almost every day from 1969 to 1984. 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. 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. 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. Now It’s Worth Up to $700,000 ... North Dakota, with the timepiece in question, an Oyster Paul Newman … You can read about it here. 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 … ... As such, she bought … “ This present black, non-exotic dial Cosmograph Daytona, reference 6263 was bought for Newman once again by Joanne Woodward. They were always luxury watches, but perhaps much more affordable to folks making middle income 40-45 years ago. In May, an 18-karat gold “Paul Newman” Daytona fetched $3.7 million at Phillips in Geneva. He decided it was too nice and it ended up unworn and locked away in a safe deposit box with all its papers. Paul wore the watch … 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 … With an estimated US$8 billion value, Rolex really is unlike any other watch company. Yes, that was the original story James Cox told me. Paul Newman's Daytona Rolex just became the most expensive wristwatch ever sold at auction, selling for $17.8 million. 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 … And now Phillips has sold another vintage Daytona owned by the late actor – a ref. 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. Of course, we know Rolexes age well now. To the casual reader it was a bombshell and changed the way manufacturers bid at auction. But mostly, after the record set by his other Daytona, the collecting community was particularly looking at this one too. 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’. 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. 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