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Paul Newman’s ‘Paul Newman’ Rolex Daytona Sells for $17.8 Million, a New Record.

Two days ago at Phillips auction house in New York, Paul Newman’s 1968 Rolex Daytona sold for $15.5 million, including the buyer’s premium of 12.5%. It broke the world record after 12 minutes of bidding, selling to a telephone bidder. Over 400 people from all around the world gathered at the Phillips’ headquarters on 57th and Park Avenue for the Winning Icons auction.

Paul Newman’s ‘Paul Newman’ Rolex Daytona

The previous record for a Rolex at auction was set in May when the Bao Dai Rolex sold for more the $5 million, also by Phillips.

“Many people are saying this is the greatest watch on the planet,” said Geoff Hess, a vintage Rolex collector and CEO of Analog Shift. “This watch transcends watch collecting, it transcends the watch community,” he continued.

Reference: BAUER, Hyla Ames. Forbes. Paul Newman’s ‘Paul Newman@ Rolex Daytona Sells For $17.8 Million, A Record For a Wristwatch at Auction. Available at:https://www.forbes.com/sites/hylabauer/2017/10/26/paul-newmans-paul-newman-daytona-sells-for-15-5-million-a-record-for-a-wristwatch-at-auction/#396fe3eb5313

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