A total of four suspects are now in custody with police still on the lookout for the remaining two.
Selling for $17.8M, Paul Newman’s Rolex Sets Record
An anonymous phone bidder bought the Ref. 6239 Cosmograph Daytona and made it the most expensive wristwatch ever sold at auction.
New York--The Rolex Daytona that once belonged to Paul Newman sold for $17.8 million Thursday evening, becoming the most expensive wristwatch ever sold at auction.
The late movie star’s Rolex Ref. 6239 Cosmograph Daytona led Phillips’s “Winning Icons--Legendary Watches of the 20 Century” sale in New York, its first in the city.
Previously owned by James Cox, the former boyfriend and current close friend of Newman’s daughter, it sold to an anonymous phone bidder after 12 minutes of activity.
According to Bloomberg, the starting $1 million bid was immediately followed by a $10 million bid, and the hammer almost came down at $15 million until a “showdown” in the last few minutes between two bidders.
The watch surpassed the previous record set by a stainless steel Patek Philippe Ref. 1518 that went for $11.1 million in November 2016 in Geneva, also sold by Phillips. (However, it still isn’t the most expensive timepiece of all. That honor continues to belong to the Henry Graves Supercomplication at $24.4 million.)
Prior to the sale, the auction house had estimated that Newman’s Rolex would go for “in excess of $1 million.”
He committed a lot of time to this part of his life, dedicating himself to training and going on to win a number of races.
But his wife, actress Joanne Woodward, was constantly was afraid he’d get into an accident, so she bought him the Rolex Cosmograph Daytona, a watch designed specifically for motor sports, and had the caseback inscribed with these words: “Drive Carefully Me.”
She chose a rare and exclusive version of the Cosmograph Daytona to give to her husband, the Ref. 6239, which was the very first model of the brand’s iconic “Daytona” series, produced from about 1963 until 1970.
It also was the brand’s first chronograph with a tachymeter scale engraved on the bezel, designed to measure speed instantly and clearly.
During the 1980s, when the popularity of collecting wristwatches was growing, Daytonas fitted with this so-called exotic dial became known as “Paul Newman” Daytonas. Along with the red Daytona designation
The Art Deco feel of the font and the hash marks with small squares used for the counters set them apart from the standard Daytona dials.
A portion of the proceeds from the sale will go to The Nell Newman Foundation, which supports organic food and sustainable agriculture, as well as the Newman’s Own Foundation.
In addition to Newman’s Rolex Daytona, Thursday’s sale included watches from some of the most important collectors of the last century.
A Patek Philippe Ref. 1518 sold for $975,000; a Philippe Dufour Duality garnered more than twice its pre-sale estimate at $915,000; and an Audemars Piguet Ref. 5516 went for slightly more than its estimate when it sold for $675,000.
For a full list of lots and results, visit Phillips.com.
From a “whodunnit” murder mystery to a permanent jewelry party, Duvall O’Steen and Jen Cullen Williams share a wealth of suggestions.
“Mountings 2023-2024” and “Diamonds & Gemstones 2023-2024” offer a vast selection of options to create custom pieces.
Learn how to better serve your employees, customers and community by having a dynamic and supportive company culture.
It follows Creative Director Lucia Silvestri as she crafts the brand’s high jewelry collections.
While ethical mining is essential to a diamond business, they represent only a fraction of the responsibility bestowed on jewelers.
The competition takes place in tandem with TJA’s annual convention, known as the Texas Jewelers Roundup.
The limited-run collection features figures from Haring’s iconic street art on charms, bracelets, rings, and more.
One hundred percent of proceeds will benefit the nonprofit’s silicosis prevention initiative.
Gemstones Editor Brecken Branstrator dishes on the latest color to trend, the show floor buzz, and more from Denver.
Sponsored by Bloomreach
Burgundy also announced the retail launch of its diamond brand, Maison Mazerea.
As the end of 2022 draws near, National Jeweler offers another deep dive into lab-grown diamond market data.
These trending-yet-timeless pieces are no-brainers for customers in search of the perfect gift.
Namdar joins a long line of diamond experts, but his love of the trade was learned rather than inherited.
Growing supply and falling prices likely will make differentiation a necessity and a reality, according to analyst Paul Zimnisky.