Paul Newman Daytona sells for $ 15,500,000.00

[Camel]

Originally Posted by rockrolex

i wouldn't have bid us$ 0.05 for that thing. I hate daytonas because they have no date or gmt feature and i have more chronos than i really need.

+1

[enjoythemusic]

Originally Posted by 2807

That watch sold for over 15 Million Dollars?
This just cannot be true.
It makes no sense.

Money went to charity.

Why is that watch so valuable?
Because Newman wore it?

Have met Paul many times at the track, truly wish you had met him.... to understand. PLN was a great man, make that a truly great man.

What am I missing here?

That specific timepiece has both sentimental and actual value due to rarity and who wore it, and how it appeared within a famous photo. Combine that with the proceeds from the sale going to charity.

Just one of Paul's things that pretty much no one knows about except those who need it. Paul did MANY things, here's one example www.holeinthewallgang.org

FYI: A few days before PLN passed i saw him and wife hanging out at LRP. i was there testing/tuning for upcoming SCCA event. Down-to-Earth, great people.

JMHO

[aquatimerfla]

Originally Posted by rolex aficionado

Congratulations to every Daytona owner ...Wow!!!!!!

Why congrats to every Daytona owner?. The watch that sold was THE Paul Newman daytona. The actual one. the 116520 and ceramic Daytonas are mass produced models in which unless you turn into the next Paul Newman is just another daytona. Values wont go up on a daytona because THE Paul Newman sold for millions.

[AK797]

Originally Posted by celticjohn

I reckon Rolex purchased the watch. Towards the nail biting climax the auctioneer mentioned, in an effort to keep the price increasing by the 100k increments as he look at one bidder and said something like. "this watch will never be on the market again, I know who Natalie's bidder is". From that comment I assume it's not a private buyer but Rolex themselves.

I think it was Rolex too, but then the auctioneer couldn't say I know who the bidder is and it will be back on sale in a couple of years, so there is a sales element in there too.

[AK797]

Originally Posted by havingagoodtime

Absolutely nuts. Did anyone speculate this figure? Anyone??

A few did, I was out by half a million. I could just feel it in the air, like Tulips and Dot Coms. With a normal slow-boil bid off I think this would have gone to 20m.

I would say member Springer, who knows his vintages, got this most right.

https://www.rolexforums.com/showthre...ghlight=newman

[ap1]

Originally Posted by aquatimerfla

Why congrats to every Daytona owner?. The watch that sold was THE Paul Newman daytona. The actual one. the 116520 and ceramic Daytonas are mass produced models in which unless you turn into the next Paul Newman is just another daytona. Values wont go up on a daytona because THE Paul Newman sold for millions.

Sure don't feel mass produced

[xIZeitgeistIx]

That 10 million starting bid was epic! Like a boss!
Are the more modern Daytonas getting even more desirable due to this?

[aquatimerfla]

Originally Posted by ap1

Sure don't feel mass produced

Well they are. 4500 for sale on chrono24.

The paul newman daytona is not your everyday standard daytona. Its a very unique one of a kind piece. The 116520 was easy to get at ADs prior to the ceramic. In a few years the ceramic will be easily obtainable as well. No ones ceramic is going to sell for 17 mill. No ones.

[rtalk]

I do not know who won in the end but I do know that a group of collectors banded together to purchase this watch.

The price is a lot and on the point of charity, seller wouldn't say how much would go to Newman Foundation.

[Fuselierpa]

I sure as hell hope it was Rolex. A "collector" piece is a cool watch that a rich guy can stick in his safe and enjoy. But when an object becomes iconically important like this, it ought to be in a museum (or in this case the Rolex collection) so everyone can appreciate it from time to time. It will be sad if this disappears into someone's vault and is never seen again.

[AK797]

Originally Posted by ap1

Sure don't feel mass produced

You can cut out mass in many countries.

[jaySL350]

PL was/ is one of the few proper superstars so his watch is worth every penny,,,
Big congrats to her new owner,, Jay

[Casey VP-26]

The sale might not be legal, NOTE: The Auctioneer never said "SOLD".

[SG56]

So, now that it all happened, can the ADs get their allocated pieces? Please, Rolex? :D
They would make a ton of money overnight!

[JnmEaton]

on the donating to charity question: In one of the articles leading up to the sale, Nell Newman, told Cox it's his watch and do what he wants with it. He volunteered to donate a "significant amount" to the Newman Foundation. No one specified an amount. Either way, he made out just fine I believe.

[Magwitch]

So it had graced the wrist of a famous guy. Adds no value to me. Just an old watch. I wouldn't have bid $1 on it.

[WEST HAM ROLEX]

https://m.youtube.com/watch?v=CAfApYWzj28

Just watched,,,

[Mystro]

As much as I love automatic watches, in the end it’s just a every day production watch. My universe’s value system isn’t in the same zip code as these kind of prices for a watch. Egos and wealth pissing contests don’t interest me.

[yannis]

Insane amount...

[Juantxo]

In the October issue of Vanity Fair there is another Daytona that belonged to Paul Newman, also with an engraving from his wife. The Daytona on Vanity Fair has a black dial and Rolex bracelet. I believe paying $17,000,000 for an old watch just because it belonged to an actor is outright obscene.

[77T]

Originally Posted by Casey VP-26

The sale might not be legal, NOTE: The Auctioneer never said "SOLD".

No, but he did say “Selling Officially now at $15,500,000”


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[77T]

On CNBC, a story ran a few minutes ago that Jeff Bezos could have bought 400 PLNs just on todays gain in AMZN. So just in perspective.


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[machob55]

Originally Posted by Juantxo

In the October issue of Vanity Fair there is another Daytona that belonged to Paul Newman, also with an engraving from his wife. The Daytona on Vanity Fair has a black dial and Rolex bracelet. I believe paying $17,000,000 for an old watch just because it belonged to an actor is outright obscene.

Concur! I rather have a new Daytona, black dial and ceramic bezel! Only about
$16,500.

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[machob55]

Originally Posted by Mystro

As much as I love automatic watches, in the end it’s just a every day production watch. My universe’s value system isn’t in the same zip code as these kind of prices for a watch. Egos and wealth pissing contests don’t interest me.

Agreed!

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[Fmnunes2803]

Even Yahoo news is talking about it...



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[Brushpup]

It's about so much more than just who owned it. An absurd price to be sure, but hardly shocking. It will be most interesting to see what surpasses it.

[CalSRQ1]

Originally Posted by 77T

On CNBC, a story ran a few minutes ago that Jeff Bezos could have bought 400 PLNs just on todays gain in AMZN. So just in perspective.


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Interesting. Just read an article opining we are in a new “guilded age” of wealth where the concentration at the top hasn’t been seen since the Vanderbilts and Rockefeller's were in their hay days.

[CalSRQ1]

Originally Posted by aquatimerfla

Why congrats to every Daytona owner?. The watch that sold was THE Paul Newman daytona. The actual one. the 116520 and ceramic Daytonas are mass produced models in which unless you turn into the next Paul Newman is just another daytona. Values wont go up on a daytona because THE Paul Newman sold for millions.

Are you sure about that? Daytona’s thrive on reputation, hype, and history (and ok killer styling) Rolex is masterful with this model. No- my 16520 will never fetch 1M. But why wouldn’t the publicity help the brand and increase demand therefore pricing?

[SamP]

To my eye, Paul Newman Daytonas are ugly. When they first came out, the watch buying public thought so too. Hence hardy any were bought. Most that were bought had free dial swaps to another dial at the AD.
It's obvious why collectors go gaga over it - Super rarity. However I feel non collectors cherish it for reasons other than rarity. Now I know beauty is in the eye of the beholder, but I bet if you were to show it to 100 newcomers to watches who love watches, who do not know about the Paul Newman, they too would say yuk!
Anyway 15 mil? Hold up a Paul Newman in your right hand and a similar Paul Newman's Paul Newman in your left hand and say to the action buyer which one do you want - and they would shit themselves, because apart from the serial, they are identical.
I can understand the recent 5mil Bao Dai watch, as that's unique.
Anyway, just wanted to say my piece.
Regards
Non Paul Newman Daytons are gorgeous. I have 5.

[Jim M]

Wonder how much it would have gone for if it had original box papers and tags.