Paul Newman Daytona sells for $ 15,500,000.00

[breitlings]

Originally Posted by Jim M

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

I was considering that, I am not sure it would have gone any higher.

[Brent]

Here's a story on the other Daytona ref 6263 that Joanne Woodward gave to Paul Newman, along with a picture of him wearing it:

https://www.forbes.com/sites/elizabe.../#7ea4011f5774

[THC]

Man, great pic Brent... Mario, and Paul.. wow awesome

[aquatimerfla]

Originally Posted by CalSRQ1

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?

Unless Paul Newman owns the daytona your wearing its just another mass produced Daytona.

The Paul Newman Daytona sale will have no bearing on any modern day daytona value.

[77T]

Originally Posted by aquatimerfla

The Paul Newman Daytona sale will have no bearing on any modern day daytona value.

Have to agree.
Now if you have a 6239 and the right panda exotic dial - I do believe your Watch’s value will be lifted.



Even later Models will benefit.
But not modern Daytona’s.



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[brucethemanlee]

Originally Posted by aquatimerfla

Unless Paul Newman owns the daytona your wearing its just another mass produced Daytona.

The Paul Newman Daytona sale will have no bearing on any modern day daytona value.

not sure if i totally agree with that it won't have any bearing....

It is very possible the record setting purchase of the Daytona and the fact that it was owned by Paul Newman may bring new people into the watch game or people who knew nothing about watches but loved Newman as the actor, now be interested in the watches and more specifically the Daytona and not just the PN dial Daytona.... They may say "hey what is this Daytona thing" Not wanting to spend huge money on a PN dial watch they might look at modern Daytonas. We all know Rolex won't increase supply, but now there's greater demand = increase price (maybe).

This record setting sale certainly won't drive down the value of modern Daytonas

[arguetaoscar]

The proceeds will go to good causes, a lot of good things to come....
The Nell Newman and Newman’s Own Foundation do great charitable work, I live a few miles away from his house of 50years in Westport CT... such an icon both him and the watch.




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[Bill_H]

I'm having trouble wrapping my head around the fact that Newman's watch sold for about 4 times as much as his Le Mans Porsche race car.

http://www.thedrive.com/a-list/5058/...or-4-4-million

[AK797]

While $17.7m is a huge sum, to put this in some context this was still 17 times cheaper than the most expensive piece of paint on canvas has sold for, and when a true seminal masterpiece comes on the market it will easily fetch a $1billion.

[aquatimerfla]

Originally Posted by brucethemanlee

not sure if i totally agree with that it won't have any bearing....

It is very possible the record setting purchase of the Daytona and the fact that it was owned by Paul Newman may bring new people into the watch game or people who knew nothing about watches but loved Newman as the actor, now be interested in the watches and more specifically the Daytona and not just the PN dial Daytona.... They may say "hey what is this Daytona thing" Not wanting to spend huge money on a PN dial watch they might look at modern Daytonas. We all know Rolex won't increase supply, but now there's greater demand = increase price (maybe).

This record setting sale certainly won't drive down the value of modern Daytonas

The inflated prices being asked for BNIB daytona C's are already causing immediate losses.

as per DavidSW

BNIB ceramic daytona black dial - $18275

Barely worn MINT daytona black dial - $16475

Paul Newman it isnt and the worst news is the loss only gets bigger over the next 2-3 years as the Daytona becomes more easily obtainable. Rolex price increases will not increase by much in the next 2-3 years based on the past 2-3 years.

The Paul Newman was a one off.

[Loevhagen]

How many Daytonas are there out there? I thought the one actioned was the only one - and part of the premium - but: http://www.rolexmagazine.com/2017/06...r-daytona.html

The one actioned doesn't feel that special after all - now does it. IMHO.

[DLRIDES]

I’m surprised the “a true Rolex can only be on a bracelet” crowd hasn’t complained about the bund strap on the PN.

[AK797]

Originally Posted by DLRIDES

I’m surprised the “a true Rolex can only be on a bracelet” crowd hasn’t complained about the bund strap on the PN.

Money, as we have all learnt this fall, is the great silencer.

[Deli99]

Why is it that the most expensive watches ever sold are in steel?


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[meganfox17]

Originally Posted by Deli99

Why is it that the most expensive watches ever sold are in steel?

Civilization would collapse without steel !
Oh Yeah ! Man would be Cave-Dwellers and Only Birds would Fly

[Deli99]

Originally Posted by meganfox17

Civilization would collapse without steel !
Oh Yeah ! Man would be Cave-Dwellers and Only Birds would Fly

lol .... good thing I only have stainless steel pieces for now


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[AK797]

Originally Posted by Deli99

Why is it that the most expensive watches ever sold are in steel?


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Bao Dai was gold, but looks cheap as chips now.

The Henry Graves Super Complication was also 18kt gold.

[brucethemanlee]

Originally Posted by aquatimerfla

The inflated prices being asked for BNIB daytona C's are already causing immediate losses.

as per DavidSW

BNIB ceramic daytona black dial - $18275

Barely worn MINT daytona black dial - $16475

Paul Newman it isnt and the worst news is the loss only gets bigger over the next 2-3 years as the Daytona becomes more easily obtainable. Rolex price increases will not increase by much in the next 2-3 years based on the past 2-3 years.

The Paul Newman was a one off.

Seems like they have a white dial for $19175

[axelfoley]

Originally Posted by brucethemanlee

Seems like they have a white dial for $19175

Yes, a very healthy increase (~$900) over the price David has had it for the past few weeks. I assume it's because of the Paul Newman auction.

[cfracing]

Originally Posted by Loevhagen

How many Daytonas are there out there? I thought the one actioned was the only one - and part of the premium - but: http://www.rolexmagazine.com/2017/06...r-daytona.html

The one actioned doesn't feel that special after all - now does it. IMHO.

To me it still does. The black dial 6263 wasn't the watch that launched the Paul Newman Daytona craze. I think the value of the recently auctioned PNPN has as much, if not more, to do with the historical impact of being the "first" Paul Newman Daytona on the watch collecting world as the fact that Paul Newman owned it. Don't get me wrong, when/if Clea Newman's watch goes on the market, it will command a grand sum because of celebrity (Paul's, not Clea's ;-)) ownership, just not nearly as much as this one, in my opionion. Maybe more on par with Jack Nicklaus's Day-Date?
https://www.rolexforums.com/showthread.php?t=567343

[Stratton]

Originally Posted by Mystro

As much as I love automatic watches.....

The 6239 is a manually wound watch with a modified by Rolex Valjoux 72 movement.

[aquatimerfla]

Originally Posted by axelfoley

Yes, a very healthy increase (~$900) over the price David has had it for the past few weeks. I assume it's because of the Paul Newman auction.

David has always had the white dial at a premium.

Paul Newman watch a one off. No bearing whatsoever on new mass produced ceramic Daytonas worn but people who are not Paul Newman or celebrity equivalents.

People who are paying premiums on the Daytona are losing $1500 at least the minute they take stickers off and put on wrist as per David preowned vs BNIB pricing.

[Mystro]

And the the news spreads to the automotive world. Here it is in Automobile magazine.

http://www.automobilemag.com/news/pa...7AA915992C7743

[fmc000]

Originally Posted by DLRIDES

I’m surprised the “a true Rolex can only be on a bracelet” crowd hasn’t complained about the bund strap on the PN.

This particular reference was also sold with leather strap those days...

[Blansky]

Originally Posted by 77T

One thing I’d like to throw in here for good measure is the fact that Joanne chose the watch and gave it to Paul. That dial never particularly suited his basic use of it - too fancy and he’d have never picked it out if it was up to him. He’d have prolly picked an Autavia.

But he did wear it for 15 years and finally gave it to James Cox, his daughters boyfriend after Joanne gave him another one, the black dial one in 1984.

So he must have liked it a little bit.

I think he's wearing it in every picture taken of him from 1972 to 1984.

[Stratton]

I'm not referring to the Exotic dial version of Daytonas like PN's watch in particular but I always thought it was Princess Stephanie of Monaco being pictured wearing a Steel Daytona that started the Steel Daytona craze for all versions and therefore the price premium phenomenon. Up until then they were hard to sell with AD's sometimes having them in stock for years.

[Foxglove]

So who bought it? Do we know yet for sure?

Sorry if I missed that posted somewhere.

[ekbusdriver]

Originally Posted by AK797

While $17.7m is a huge sum, to put this in some context this was still 17 times cheaper than the most expensive piece of paint on canvas has sold for, and when a true seminal masterpiece comes on the market it will easily fetch a $1billion.

And we may see just that in 2 weeks. Believed to be the ONLY Da Vinci in private ownership, I think we may see $500 million. For sure it will sit atop the highest auction price ever.
http://www.christies.com/features/Th...di-8598-3.aspx

[AK797]

Originally Posted by ekbusdriver

And we may see just that in 2 weeks. Believed to be the ONLY Da Vinci in private ownership, I think we may see $500 million. For sure it will sit atop the highest auction price ever.
http://www.christies.com/features/Th...di-8598-3.aspx

Very interesting, if this does that, imagine the Mona Lisa or Last Supper.

[breitlings]

Originally Posted by ekbusdriver

And we may see just that in 2 weeks. Believed to be the ONLY Da Vinci in private ownership, I think we may see $500 million. For sure it will sit atop the highest auction price ever.
http://www.christies.com/features/Th...di-8598-3.aspx

No way. There is no way it is the only one in private ownership. Maybe only painting, not drawing or sketch or etching even that I would doubt though.