‘Paul Newman’ Rolex Daytona sells for HK$375,000

[cornerstore]

28/05/2012
‘Paul Newman’ Rolex Daytona sells for HK$375,000 in Hong Kong


An early Rolex Cosmograph Daytona, more commonly referred to as a ‘Paul Newman’ model, sold for the sterling equivalent of £31,000 at Bonhams’ 26 May, Hong Kong auction.


First introduced in 1961, the then manual-wind Cosmograph from Rolex reached an international audience when worn by the famous American actor in his 1969 film ‘Winning’. The model was a favourite of Newman, frequently seen on his wrist thereafter.

The example sold by Bonhams was of 1963 vintage and had the characteristic square markers on its subsidiary dials – a key feature of the ‘Paul Newman’.

Rolex still makes the Daytona, now with an in-house automatic movement and shoulders to protect the winding crown. It is still a watch with a long waiting list and one that commands a premium. The early models, though, with their variations of dial and classic 60s/70s look are the most highly prized by collectors.

Bonhams will hold collectors’ watch sales in New York (12 June) and London Bond St (13 June). The London sale includes a 1971 'Paul Newman' Oyster Cosmograph Daytona (Ref: 6263) estimated at £40,000 - 50,000.

[HRV]

schweet, thanks for posting

[azguy]

Heck, who wouldn't buy that watch...........

[jay1988]

So it actually went for £9k below the lower end estimate ? Interesting.

It's a beauty but for me £31k puts me in Patek territory.

[fusionstorm]

Probably had issues for it to go so cheap. Nice examples go for much more at auction and in private party transactions.

[jedly1]

Price was a reflection of its condition , they'd estimated low to reflect , but for those that saw it in the flesh .. Not low enough

Every sale we see opens up an even bigger chasm between the price of quality pieces and those of mediocre or less conditon .. Even the most uneducated of buyers is starting to realise that :-)

Jed
( in a rainy hk)

[goog53]

Jed,

I'll gladly buy your 6263 on your site for £31,000 JK! That is a beautiful watch you have and worth every penny. Unfortunately it is way out of my league. Enjoy Hong Kong.

[goog53]

My mistake...6241

[jedly1]

dont worry there is a 6263PN going up too next week.....but thats $185k...so i might have to mull your offer over for a few days :):):)

[topcat30093]

Patrick, thank you for the info, regarding the various watch auctions.

I have just checked out the one in London and see that they have got a couple of nice pieces. Including lot 142 a 5513 Military Spec piece.