The Sale Of Paul Newman's 'Paul Newman' Rolex Daytona, The Most Expensive Wristwatch Ever Sold

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The Sale Of Paul Newman's 'Paul Newman' Rolex Daytona, The Most Expensive Wristwatch Ever Sold

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6 жыл бұрын

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. Ever since news of the watch's consignment to Phillips broke in the Wall Street Journal on June 1, 2016, the watch world has been buzzing. What would it sell for? Who would it sell to? What would happen after the sale?
We have covered this watch extensively, from placing it on the cover of the HODINKEE Magazine, Volume 1, to going hands-on with it and featuring it on Friday Live last week. In the week leading up to the auction, we spoke to a slew of watch world insiders, including dealers, collectors, auctioneers, and HODINKEE readers, to see what they had to say about the Paul Newman Daytona and what it means to the watch world and collecting as a whole.
Now, with the sale behind us, and the dust beginning to settle, let's take a look at the story of how a stainless steel chronograph made horological history.

Пікірлер: 413

@Nerdhaunt 6 жыл бұрын

Best I can do is $50

@BobbyDazzler888 6 жыл бұрын

Nawaz i can do 51

@professoreakapumpernickel3616 6 жыл бұрын

Lul i can du 14$

@tendrams 6 жыл бұрын

In Philadelphia, it's worth 50 bucks. :)

@BuddyStromboliDrums 6 жыл бұрын

you made my day with this comment

@BuddyStromboliDrums 6 жыл бұрын

lighten up man

@80sruler 6 жыл бұрын

Ha I see my opening bid of $5,000 was glossed over

@grossleg123 6 жыл бұрын

80sruler tight ass 🤑

@andrefelipe7180 6 жыл бұрын

Did it come with box and papers?

@kevinloh2513 6 жыл бұрын

Paper bag, yes

@HoangHuynh-tx5sh 6 жыл бұрын

for 15 million it better have a time-travelling function

@sectormentor6265 6 жыл бұрын

😂😂

@HenryGoldingTravels 6 жыл бұрын

your my hero :)

@yonaxlonard1632 6 жыл бұрын

What if it comes with a service dial? O_O"

@mulemule Жыл бұрын

6:22 "Dad was all about being generous and philanthropic and I hope whoever buys it remembers that." The NEW owner has ALREADY been both.

@arnav_da 4 жыл бұрын

Pawn Stars "the best I can do is $50 Ill be taking all the risk, it can stay in the store for for months or years"

@ianrob4760 6 жыл бұрын

love this story and for those who are deeply cynical, this was the true story of the sale - The watch had been given to Newman by his wife, Joanne Woodward, in 1968. She bought it from a Tiffany & Co store in New York and had it engraved with the message “Drive carefully”, in light of her husband’s fledgling motor racing career. In 1984 Newman gave the watch to his daughter’s then boyfriend, James Cox, who did not own a watch, saying it “keeps good time”. After Cox and Newman’s daughter Nell split up they remained on good terms, and they jointly put the watch up for auction. A portion of the proceeds will go to the Nell Newman Foundation and the Newman’s Own Foundation.

@alphaTrader.oo1 6 жыл бұрын

Ok the next lot is Paul Newman's Invicta, starting from 12 million

@Jorj57 3 жыл бұрын

it's gonna be enormous 😂

@garymacmillan6401 4 жыл бұрын

I knew two brothers who found a watch in their lock-up in Peckham. It sold for 6.4 million.

@alfredthegreat9543 7 ай бұрын

Yeah, I believe you Dave 😂😂😂

@alexp3752 6 жыл бұрын

I am very happy for the seller... The gift Mr. Newman gave his friend will keep giving to his family for many years to come. Bravo, Mr. Newman, a truly class act!

@mnejmantowicz 6 жыл бұрын

Great editing HODINKEE.

@Keerthi_0195 6 жыл бұрын

Rick would get it for half of that 😂

@harlemjulian29 3 жыл бұрын

i dont mean to be so off topic but does anyone know of a trick to log back into an Instagram account? I was dumb lost the account password. I appreciate any assistance you can offer me.

@aryanares965 3 жыл бұрын

@Harlem Julian Instablaster =)

@exhaustedshadow 6 жыл бұрын

Love the editing hodinkee. This is great content!

@KB-ki7um 6 жыл бұрын

What a great guy, I can see why Paul Newman gave him the watch. Wonderful history to an iconic piece.

@marcjudge680 6 жыл бұрын

If I had the funds to buy the PN rolex,I would. History just been made. Thank you Hodinkee for the build up,and exciting opportunity to join in this moment.

@piettefrank 6 жыл бұрын

Icon man and it goes to show you how loves and respected this man was.

@xrmatt1010 6 жыл бұрын

If someone gave me something like that with a story to go along with it, I’d be hard pressed to sell it.

@johnniethepom2905 3 жыл бұрын

Completely agree with you, I would sell unless I was destitute . I'd gift /leave to my children on condition that they didn't sell while I was living . I wouldn't want to know the value in $$$ terms , because to me the act of giving is more precious .

@kowenkatsufumi 6 жыл бұрын

"“the lion’s share” of the proceeds will be going to Nell Newman’s foundation, which carries on Paul Newman’s own legacy of philanthropy by giving resources to small nonprofits worldwide."

@alexp3752 6 жыл бұрын

That's a real nice touch... Like Mr. Newman himself, a true class act who believed in giving to others. Bravo!

@paulandsueroberts4121 6 жыл бұрын

Just a reminder people that when this watch came out,they couldn't shift it,it didn't sell.It's amazing what a film star can do for you,it's also amazing what these idiots with more money than sense spend it on.You've all been taken for a ride by the auctioneer,no wonder he says he's happy.

@vika0194 2 жыл бұрын

They aren’t idiots. They know someone else will pay more when they sell it. There are many rich people in the world.

@docholliday4292 6 жыл бұрын

I like watches but $17.75 million is an ridiculous amount to have paid.

@michaelfleming8490 4 жыл бұрын

When you think about it though, rich people donate a lot more than $15 million to charity. So basically, the buyer made a $15M donation to a fantastic charity and got an incredible watch along with it. There are suspicions that it was actually Rolex that bought the watch, but I’m not so sure.

@v1d300 4 жыл бұрын

@@michaelfleming8490 Even though people say that Rolex bought it to bring this iconic (to their brand) watch back home there is an interview of Aurel Bacs where he hints about the buyer which sounds more like a rich collector who is a serious watch collector recognized in the community.

@michaelfleming8490 4 жыл бұрын

v1d300 I actually do remember that interview now that you mention it. I guess we will never really know.

@v1d300 4 жыл бұрын

@@michaelfleming8490 I guess not. But up until now they haven't revealed who they are it could possibly be a highly coveted collector or Rolex themselves ;)Anyway, have a nice day!

@BR-ip8lp 6 жыл бұрын

Paul Newman realized that it wasn't about owning material possessions, instead it was about loving others as he was loved, specifically kids.

@jdstarek 6 жыл бұрын

Wow, seems like the whole comment section is full of bitter, broke haters and posers. Congrats to the buyer, he/she got themselves a piece of history. And I love the comments about "worth," lol. Value is subjective. Worth is whatever price something can fetch. Take an econ class.

@ajacks8007 6 жыл бұрын

jason starek you are right a bunch of haters, congrats to the high bidder awesome watch!

@robuk3723 6 жыл бұрын

Tell that to all the people tat don't get enough to feed themselves.

@valebliz 6 жыл бұрын

Oh wow, a (maybe) rich yuppi giving us the economy 101 on value and supply/demand. How interesting and new. Too bad if you were a bit brighter you'd get what a lot of people here are complaining about is the unhuman and totaly ethicless state of our economy, that produce (among other things) these kind of transactions. I guess you're one of those who eat on a ruthless free market and it's just defending his slice of the pie.

@valebliz 6 жыл бұрын

Max Levine who the fuck were speaking to you cowboy. Making threats over YT, go embarass yourself somewhere else idiot.

@valebliz 6 жыл бұрын

Max Levine not offended mate, just not giving a shit. If you have something to actually respond to what i wrote earlier go on, if not keep insulting, i don't care of strangers on YT tbh.

@gordonrichards6200 6 жыл бұрын

Absolutely incredible... Good to see it will help a good cause.

@stuartmartin3408 6 жыл бұрын

Is the extra 2.25 Million the auction costs?

@wildspirit7661 6 жыл бұрын

Wait for the day Buzz Aldrin speedmaster is found :)

@ginyamaguchi1421 6 жыл бұрын

frodon sacquay No one gives a shit about omega and the mood landing was a hoax.

@alexbrennan3294 6 жыл бұрын

Matt Hatter go back to /pol/

@valebliz 6 жыл бұрын

Matt Hatter go back into your cave, it's dangerous outside here.

@watermelontreeofknowledge8682 6 жыл бұрын

Alex Brennan more like go back to Tumblr. Right wingers believe in the moon landing, lefties don’t

@75619630 6 жыл бұрын

i agree matt, well said...

@tonymontana9628 6 жыл бұрын

I own a seiko and I am always in a good mood 🙍💃🙌

@charlesmiller6281 6 жыл бұрын

Iconic: widely recognized and established. I never laid eyes on this watch, never even knew it existed, until just now. Yet another example of the foundation on which Rolex is built: hype.

@romanbaranovichi5375 3 жыл бұрын

It’s iconic among watch collectors

@mb-watches 6 жыл бұрын

Breathtaking, exciting and stunning. Congrats to the buyer, sometimes I wish for the possibility traveling back in time ...

@mikestang679 6 жыл бұрын

Wow!!! That's totally insane, his 1967 Ferrari 275 GTB/4 restored by Ferrari in Italy, sold for only $10 million, the watch goes for $18 million, wasn't even owned by him for years, sold by an associate seems way too crazy to comprehend, nice score though.......

@jonathanelewis9134 6 жыл бұрын

The saddest part of all this, in my humble opinion , is that someone actually wrote " The homeless are there for a reason." Man, the snobbery and entitlements are real.

@michaelfleming8490 4 жыл бұрын

Where did you see that?

@jonathanelewis9134 4 жыл бұрын

@@michaelfleming8490, someone wrote it in the comments section. I THINK they meant that having homeless people around makes the sale of this watch that much more posh.

@venom5809 4 жыл бұрын

I have to respect the level of baller you have to be to say I'm not going to waste time bidding it up to $10 million, I'm just going to start it right off there from the beginning. 👍

@BlkCarrera 6 жыл бұрын

Can someone explain wherethe $17.7 million comes from even though the auction went to $15.5? Is it tax and auction fees associated with it that makes it go up to the 17?

@jminkvihubyb 6 жыл бұрын

BlackCarrera Yea

@fernandomilan8754 5 жыл бұрын

Yes, which is unnatural. The taxes and fees should taken off the final bid.

@michaelfleming8490 4 жыл бұрын

No box. No papers. No original bracelet. Not even an Oyster. And it’s engraved on the back. All things that typically lower the value of a watch. But I do get understand the importance of this watch serving as the big-bang of vintage collecting and sports watch popularity. It’s a cool watch.

@basehead617 2 жыл бұрын

The provenance is rock solid, no need for the papers etc - besides there's only one, so you can't wait and see if one with papers comes on the market :)

@muds1123 2 жыл бұрын

This was the one. Always will be. The most iconic watch ever.

@ImTaylorGang 6 жыл бұрын

lol joke's on them my seiko was only $180

@MoreThai 6 жыл бұрын

and your Seiko now worth NOTHING !!!

@sig124 6 жыл бұрын

i like you seiko

@Bigtipsbetter 6 жыл бұрын

Bright Jade lol exactly. 30 years time this Rolex will be worth 25-35 mill

@all_is_1485 5 жыл бұрын

H/S Soundz or it might be worth nothing.

@kurt6410 6 жыл бұрын

the consignor first took it into rick at pawn stars but ricks final offer was only $50 bucks and that was after he got his buddy down there to inspect it

@JAD5822 6 жыл бұрын

Didn’t I read somewhere that Paul Newman‘s other daughter has a another one of his Daytona’s?

@locutusdborg126 6 жыл бұрын

Joanne, his wife, gave him another Daytona with a metal bracelet. It is in some photos.

@anonymousonlineuser6543 6 жыл бұрын

Paul Newman continues to do gret charity-work even from beyond the grave. What a MENCH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@spacecatboy2962 5 жыл бұрын

i had a lot of fun bidding on the newman watch, and i enjoyed the back and forth, but i knew i wasnt going to stop bidding until i had it.

@EMKWANREVIEWS 6 жыл бұрын

Bravo. A true icon of a watch and great that the money is going to a good cause.

@mistertee5000 6 жыл бұрын

That was actually breathtaking. Great vid.

@addy5066 6 жыл бұрын

Wow my first time ever seen on KZfaq bidding for such watch. Great upload hodinkee.

@nealprentice7874 4 ай бұрын

I have a Joe Newman. Amazing what a first name will do to the value.of a watch.

@DeOmnibusDubitandum76 Жыл бұрын

I am intrigued as to why Newman would give this watch to a mere guy who was dating his daughter. It was given to him by the love of his life, with a dedicated inscription and all. I'd love to know in what state of mind Newman was, since the car racing side gig may have been a source of contention in that marriage.

@archangelospumoni8246 3 ай бұрын

Maybe he was just a nice man who got a great big kick out of gifting stuff?!

@Towert7 6 жыл бұрын

I'm still new to watches and don't appreciate why this watch is so classic, but I'm sure in time I will find out more.

@asphodeleus 6 жыл бұрын

Forget about the watch, that blondie is gorgeous!

@Jasongy827 6 жыл бұрын

Who ever owns it, take care of it dear god please do.

@silkhead44 6 жыл бұрын

everyone get on the hype wagon so the auctioneer can make a bigger commission...the foundation is the winner

@LawrenceGreco 6 жыл бұрын

Importantly, it belonged to Paul Newman, any other luxury watch would have been sold at a similar price, perhaps.

@DanaBrown1984 6 жыл бұрын

Will we ever find out who the buyer is?

@gmshadowtraders 6 жыл бұрын

It's obviously a Chinese buyer, you can see the woman speaking mandarin on the phone to them.

@goude19 6 жыл бұрын

I heard he is a Kuwaiti!

@johndeere8594 6 жыл бұрын

Sickening if it's in china.

@joshuadreyer6533 6 жыл бұрын

Great Video! Really shows how iconic this watch trurly is!

@neuromancerXL 6 жыл бұрын

We shall see what happens when other iconic watches made famous by and worn by celebrities go to auction. McQueen's Monaco, Redford's Single-Red, Jack Nicklaus' day-date, or Eric Clapton's insanely rare "Yachtmaster Daytona" (should it ever reappear at auction)

@rarebear14 6 жыл бұрын

the most rare Rolex is the 1958 6541 Milgauss I know because I owned one and sold it for unbelievable amount of money ! Collectors are funny, look at prices for old cars....

@jamiecox2506 6 жыл бұрын

Steve McQueen is the man!

@sectormentor6265 6 жыл бұрын

I love how the auctioneer says 12 million in 4 different languages, as if the amount wasn't clear enough 😃

@SaltyD3plorable 6 жыл бұрын

Sector Mentor they had buyers from other countries bidding over the phone. Perhaps catering to one of those bidders....there are more languages than just English mate ;-)

@sectormentor6265 6 жыл бұрын

0penYourEyez(Heidi) I think it was done more for effect to be fair. However I do agree English is not the only language in the world .😃

@laurencefell3922 6 жыл бұрын

i would also like to agree that there is more than language

@pukenanginang 6 жыл бұрын

Foundation to foundation. Congrats rolex paul is coming home 👏🏼

@ddsgabo 2 жыл бұрын

100% agree…they’ve become patek phillipe; they want to start their own museum

@JamieMcgee518 6 жыл бұрын

That's a lot of spaghetti sauce !

@lacamula1 6 жыл бұрын

Who was the guy who inherited the watch from Mr. Newman?

@albert333pool 2 жыл бұрын

Paul Newman's daughters boyfriend.

@rgm03 6 жыл бұрын

The quintessential time-piece for the salad-dressing enthusiast.

@julzmax956 6 жыл бұрын

Would that count as a charity donation since it belonged to a foundation?

@kusmin69 6 жыл бұрын

I AM SO HAPPY FOR THIS PAUL NEWMAN WATCH SELLING FOR THAT MUCH - 17 MILLION AND COUNTING. HE WAS WORTH EVERY PENNY AND MORE!!!!! ONE OF THE BEST MEN THAT EVER LIVED ON THIS PLANET. IF IT HAD FETCHED MORE - IT WOULD OF BEEN BETTER!!! GO PAUL NEWMAN - YOU CONTINUE TO GIVE FROM BEYOND THE BLUE.!!!

@444francisco 6 жыл бұрын

Great coverage of this time keeping master piece sale.

@samadrid6321 6 жыл бұрын

Bacs should do this like a cattle auction. Interesting Karma that I traded two watches for a 2010 Daytona back in July before this Paul Newman surfaced and was set for auction. I feel the connection. AND, value of Daytonas, in general, of all models, I've noticed have begun to go up. I don't expect mine to be worth seventeen million dollars, but I traded it at nine thousand dollars in value and It seems to be worth in the low teens.

@tolgadur 6 жыл бұрын

He is selling it for 15.5 Million USD at minute 5:37. Why does it say 17.75 Million in the description?

@TopSecretVid 6 жыл бұрын

I used to watch Paul race Nissans at Lime Rock Park in Ct. ...I actually went to his funeral...very sad day

@Tony-og5up 6 жыл бұрын

HORSE SHIT! Newman died on the morning of September 26, 2008,[77][78][79] in the presence of his family.[80] His body was cremated after a private funeral service near his home in Westport. COURTESY WIKI, and my memory of the news report. imgur.com/gallery/to7hBuM There is always some Dildo that says stupid shit like this. You just happen to be the Dildo today.

@bastawisy3000 6 жыл бұрын

Amazing amazing amazing... I watched the auction yesterday and it was super exciting.

@frankgregory8891 4 жыл бұрын

What did I miss? Last bid was 15.5 million?

@albert333pool 2 жыл бұрын

Taxes, fees etc

@bv2225 6 жыл бұрын

I agree that this watch started the sports watch collecting frenzy, as he says, so it’s important. And a lot goes to charity!

@turboZ3 6 жыл бұрын

Can't help but think there are some people who would pay more...

@maryharper9321 6 жыл бұрын

Very inspiring thank you for sharing it was a cool watch

@anttitapio4145 6 жыл бұрын

Some day there will be Robert Redford's SKX009 sold for 20,000 000$.

@waltheisenberg5620 6 жыл бұрын

And I bi$ch about the 1680 and 5513 vintage submariners going for $7k : ) Just a few years ago for example, with a little effort, you could have picked up a stainless steel plexi 1675 GMT master for around $4500. You can't touch one for under $7k today. Vintage Rolex spots models in general are solid investments.

@01artist 6 жыл бұрын

*Walt Heisenberg* a guy on Antiques Roadshow brought in a 1962 GMT Rolex. He paid $120 bucks and some change for it new while he was in the army. It is now worth more than $75 grand. Go figure

@kevanweetman4562 6 жыл бұрын

Huge amount of money, my understanding that a large proportion is going to the foundation, fantastic story. I own two Daytonas that my son will inherit, they will never be hugely valuable to the market, but may be to him.

@dep1001 3 жыл бұрын

Smart of Rolex to put down that starting bid of 10M themselves ;)

@1948treetop 6 жыл бұрын

15 mil for a watch and there are people starving in the world. I call it disgusting.

@zissou6928 6 жыл бұрын

Almost certain most bidders were asian

@locutusdborg126 6 жыл бұрын

Nah fam.

@lastmiles 6 жыл бұрын

Waiting to see if Jacques Cousteau's Blancpain Fifty Fathoms ever surfaces. Yes, pun intended.

@74creep 6 жыл бұрын

GREAT VIDEO!

@g-ridez1460 6 жыл бұрын

PAWN STAR'S: "I'll give you 155 dollars and that's my final offer anything higher and I would not be making any money"

@shanemathews4177 2 жыл бұрын

Nice gift!

@cirealreviews1776 6 жыл бұрын

Is that the original BUND STRAP or did they change it to a smaller strap for the auction?

@Brandon-cs8gw 5 жыл бұрын

That leather would of been worn to shit, and I'd be shocked if it was the original. Vintage anything holds up better~

@iluvlax100 4 жыл бұрын

I feel like this was more of a flex among rich people than actually the watch. Like without the auction and the pressure of bidding; these people wouldn’t of paid anything close

@basehead617 2 жыл бұрын

Congratulations you've cracked the code of why auctions exist

@johnshifflett1722 6 жыл бұрын

I don’t understand, the auction said it sold for $15,500,000.00

@1400Nelson 6 жыл бұрын

John Shifflett buyer's premium

@bombpop2461 6 жыл бұрын

Whoever bought the watch is 15.5 million times smarter than everyone in the comments, myself included.

@sweetntenderhooligans1649 6 жыл бұрын

Good news for everyone who already owns a vintage Rolex. Bad news for anyone who wants to start collecting vintage timepieces... This auction will for sure cause an avalanche in Vintage-Watch values... Much like vintage Ferraris...

@michaelfleming8490 4 жыл бұрын

3:33 famed collector and enthusiast John Goldberger sitting behind Nell Newman.

@all_is_1485 5 жыл бұрын

All this proves is that wealth is grotesquely maldistributed.

@granto6738 2 жыл бұрын

Paul Newman wasa great man , sadly and very much missed the likes of him, we wil never have again RIP 🙏 BUTCH

@robertstewart302 6 жыл бұрын

Paul, Newman would give them all thick ear

@JustinKautz Күн бұрын

Is that Hanz Gruber?

@malthus101 6 жыл бұрын

Very exciting auction (so many of these final numbers have been reported incorrectly!) but I'm glad to say I think the Paul Newman is "meh" ........... many much more beautiful and interesting watches to collect at slightly lower prices lol