why is paul newman daytona so expensive

Last year, a vintage Rolex Daytona worn by Paul Newman was sold at auction for $17.8 million.Cara Barrett, editor at Hodinkee, fills us in on why Rolex's are so pricey.Following is a transcript of the video. If two or more particularly determined buyers get locked into a bidding war, we could see a quite remarkable sale price. Before he handed his credit card over to the salesman, though, he asked if he could get a discount if he paid cash. Whether it’s scarcity, the watch’s history in racing, the association with Newman or some potent concoction of the three, the Rolex Daytona is now an ultimate collector’s item. If we want to make comparisons, let’s take a look at the most expensive watch ever sold: the Rolex Daytona by Paul Newman… The Rolex Daytona was inspired by racecar drivers and enthusiasts, most notably, iconic actor Paul Newman, who reportedly wore his Daytona every day after he was gifted one by his wife. Some are even predicting that Newman’s watch could eclipse the previous record by some distance. The reality regarding the whereabouts of The Newman turned out to be far more mundane than many could have predicted. The special appearance makes it one of the most recognizable watches in the world. Hardly anyone was interested in buying them, so Rolex didn’t produce as many. “I made a lot of money from the stock market, so I bought my first Ferrari when I was 30 years old,” Ron says. The final Vintage Rolex Paul Newman Daytona creation is the 6263. Paul Newman, an actor, philanthropist, and IndyCar driver, became synonymous with the Rolex Daytona watch during his lifetime. Actor Paul Newman's 1968 Rolex Daytona may be one of the most important vintage watches to be sold in this century. Rolex Daytona with “exotic dials” – the famous “Paul Newman” dials. In 1984, Paul Newman gifted the watch to James Cox, the then-boyfriend of Newman’s daughter Nell, as a gift for completing some DIY work around the house. The 6239 features pump pushers and a steel bezel, with the Rolex Valjoux 722 beating inside. For many watch collectors, The Newman became something of a holy grail; the ultimate watch that they wanted to get their hands on, but one that would likely never be found. I can’t wait to see how much this watch goes for when the hammer falls on the 26 October. No matter which path you choose, this legendary timepiece should meet your expectations. Find out about the production quirk that turned an already desirable Rolex ‘Paul Newman’ Daytona into a dream for a demanding collector. They were moving money from one pocket to another of their own, while attracting lots of publicity and gaining brand prestige. Nowadays, those Daytonas sell for hundreds of thousands of dollars, and their epitome was the recent sale of Paul Newman’s own “Cosmograph Daytona Paul Newman” for the sum of … It’s the very watch that created an icon (the Paul Newman Daytona), the very watch that is, in fact, the reason why collecting steel sports watches is now so popular. So why is this sale so special? When Paul Newman’s myth-making Paul Newman went up for auction in 2017, it became the most expensive wristwatch ever sold at $17.8 million. Paul Newman’s Rolex Daytona Sells for $17.8 Million – Setting a New World Record for the Most Expensive Wristwatch Ever Sold On October 25, 2017, Paul Newman's personal Paul Newman Rolex Daytona Reference 6239 was auctioned off by Phillips Auction House at a final price of $17.75 Million US Dollars ( final hammer bid includes buyer’s premium ). In 1975, James Dowling, now a Rolex historian who authored a book about the brand, went to buy his very first proper watch. 3, Rarity. What happened? But few could have predicted that Paul Newman’s personal Rolex Daytona, which surfaced recently after it was presumed missing for decades, would garner an astounding $17,752,500—making it the most the most expensive wristwatch…

Everyone knew it it was a watch that would break records. One Expensive Daytona A vintage timepiece like this Paul Newman Rolex is exceptionally rare and important. level 1 Newman had worn the watch in a number of photoshoots for European magazines in the 1980s, which had the unintended effect of building the legend and mystique of the watch, a mystique that would only grow as decades upon decades passed with seemingly no chance of the watch itself being found. This is a huge factor that will influence the overall sale price; this is probably a once in a lifetime opportunity. Why the Paul Newman? Cox wore the watch for almost a decade, not having any clue of its monetary value until a watch connoisseur excitedly pointed out that Cox was wearing Paul Newman’s watch at a trade show in 1993. For more than 30 years, the whereabouts of the watch have been unknown. On Monday we told you about a Rolex ‘Paul Newman’ Daytona that was being auctioned by Sotheby’s Australia the following night. When Paul Newman’s myth-making Paul Newman went up for auction in 2017, it became the most expensive wristwatch ever sold at $17.8 million. A brand new Fender Stratocaster will cost you less than £1,000, but the Strat that Jimi Hendrix played at Woodstock sold for around £1.5m at auction in 1998. It pays to take good care of your stuff, sometimes—you never know how well it might age. It’s fair to assume that the winning bidder won’t be in a hurry to part ways with the watch once they have their hands on it. David Sonnenthal is the founder and director of New Bond Street Pawnbrokers, a discreet, luxury pawnbroking service specialising in loans against luxury goods, including fine watches. In that case, you will now know why it is a great watch, what makes it so expensive, and how you can get one anyways. Various pieces have sold over the years for tens, and even hundreds, of thousands of pounds. There are a few reasons. I can’t help but think that they’re going to break a world record in the process. Finally, rarity – perceived or real – can have a serious impact on the sale price of an item. A Rolex Daytona is the most expensive wristwatch every sold. Why Paul Newman's Daytona will be the most expensive Rolex ever David Sonnenthal, founder of New Bond Street Pawnbrokers and resident expert on Channel 4’s Four Rooms, analyses the upcoming sale of Paul Newman’s Rolex Daytona, which is likely to be among the biggest in history. 6241 seem almost affordable. And its rock-bottom high sales estimate (a mere $1 million) always felt more like an opening bid. Here's how the racing-inspired watch went from neglected to beloved. For example here’s one of the very first Daytona Ref 6239 with black “Double Swiss” from 1963 next to a 3 color pump Paul Newman Daytona from 1969. Watches like the Daytona are classified by Rolex as “professional” timepieces: they serve some purpose, and are made with niche communities in mind. Secondly, The Newman massively benefits from the fame and notoriety of its previous owner. Emma Fierberg Jun 2, 2018, 2:30 PM. The actor and race car driver Paul Newman owned several Rolex Daytona chronograph watches. This is one of the most exquisite Paul Newman watches and the most expensive. One of the DB5s driven by Sean Connery during the filming of the 1964 classic Goldfinger sold for £2.6m in 2010. Because of his massively successful acting career, good looks, and swagger – he became known as the kind of guy that all of us would want to be. In fact, they are some of the most expensive Rolex watches ever sold. Actor Paul Newman's personal Rolex Daytona Ref. Due to its rarity, finding a 6263 is a tough challenge and can be a costly purchase if found. Whoever wins the auction for this watch truly deserves it, because they understand its importance and its place in history. Clearly the Newman design is much more “Exotic”. Why? The first, most common, and least expensive Paul Newman Daytona also happens to be the most authentic, in that it's the actual reference worn by Newman himself. Because a Rolex Daytona with a Paul Newman dial commands an extremely substantial premium over a regular-dial manual-wound Daytona. The story goes that once Newman started seriously racing his wife went to Tiffany & Co and bought a Daytona with a black-and-white “Exotic” dial. Well, it’s official, Paul Newman’s Paul Newman Daytona has been sold just a few minutes ago, for a record price of over $17.7 Million, making it the most expensive wristwatch ever auctioned ( and that’s with buyer’s premium ). That is, unless he wanted to buy the brand’s Cosmograph Daytona model, in which case they’d be willing to offer him one at twenty percent off. Diameter: 37 mm. Last night, Paul Newman's personal Paul Newman Daytona sold for a record-breaking $17.75 million, making it the most expensive wristwatch ever sold. The old record is held by a Rolex watch known as the ‘Bao Dai,’ which sold for just north of $5m earlier this year. When Paul Newman’s myth-making Paul Newman went up for auction in 2017, it became the most expensive wristwatch ever sold at $17.8 million. It’s pretty impressive, but its value is likely to increase in the future. It could be recognized from a long distance. It’s no secret that a bit of celebrity provenance can elevate an item’s value into the stratosphere, especially if the item was valuable to begin with. On Rolex’s website, the brand writes of its precision timing: “the Daytona is a watch for winners.” That’s true in a literal sense: the watch is literally a prize for first-place finishers in the 24 Hours of Daytona and France’s Le Mans, both 24-hour races. Now what is so striking on a Rolex Paul Newman dial design? As Dowling tells it, Rolex watches in the early ‘60s, when the Daytona launched, could be counted on to display the date, dip underwater without breaking, and wind themselves automatically. Personally, I think it will be a big shock if it goes for any less than $5m, and it could possibly break the $10m barrier. It is the legendary, monumental, and sought-after Rolex exotic-dial Daytona watch owned by Paul Newman—a watch so synonymous with its owner it’s known as simply Paul Newman’s Paul Newman. The watch is a Rolex Cosmograph Daytona 6239, which is a valuable piece in its own right. That’s why the original Bond Submariner sold for $ 567,000 in 2018. Our upcoming Watches sale (April 16 | London) features two exceptional examples of the Rolex Paul Newman Daytona, Reference 6262 – a white and black panda dial from 1970, seen here in the video, and a rare three-colour black dial from 1971. “Since then I had this penchant for cars, especially the Ferraris. Paul Newman himself wore this edition, and his personal timepiece became the most expensive Rolex of all time when it sold at a Phillips auction for 17.75 million USD in October 2017. The name is borrowed directly from arguably the most famous race in the world, the Daytona 500. Equally, The Newman is being valued far beyond what it would be had the actor not owned it. , philanthropist, and even hundreds, of thousands of pounds, was for... Newman ” Daytona so important Paul Newmans in the world are there so many Paul! The 6239 features pump pushers and a steel bezel, with a chronograph ( stopwatch ) feature could. S never a shortage of bidders for a Daytona Paul Newman Daytonas a. 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