Paul Newman's Rolex Daytona Sells For $17.7 Million

Tomas Mccoy
October 28, 2017

Phillips says he wore it every day between 1969 and 1984, when he gave it to James Cox, then-boyfriend of Newman's daughter Nell, to thank him for rebuilding the tree house on their CT property.

In August, The New York Times described the excitement surrounding the sale of the Rolex, which had for years been shrouded in mystery and was at one point considered lost.

From the decades that Newman wore the watch, the Daytona has since become known as the "Paul Newman" Rolex.

Phillips' inaugural NY auction, titled Winning Icons - Legendary Watches of the Twentieth Century, made history with the monumental sale of the unique Rolex "Paul Newman" Cosmograph Daytona owned and worn by actor Paul Newman.

Officially called the Rolex Oyster Cosmograph Daytona, it was produced in six series between 1963 and the late 1970s, but was phased out because of poor sales, according to Forbes.

In 1984, he gave the timepiece to his daughter Elinor "Nell" Newman's college boyfriend, James Cox, and she detailed when it was passed on in a letter accompanying the lot.

Paul Newman's Rolex Daytona has been sold for $17.8 million, breaking the record for the most expensive watch ever sold at auction.

Its backside reads "DRIVE CAREFULLY ME", and Newman's wife Joanne Woodward gave the watch to her husband at the beginning of the 1970s. "If you wind it, it tells pretty good time, '" Cox told the Wall Street Journal. James responded that he didn't know the time and didn't own a watch.

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

The price eclipsed the previous record for a Rolex of $5 million paid for a reference 6062 "Bao Dai" Rolex earlier this year.

Other reports by Ligue1talk

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