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Old 26 August 2019, 05:09 AM   #1
Frank McKay
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Icon5 Curious, whomever purchased the Newman Daytona for 17M!!!

Read the article this morning on the Auction a few years back that sold off the Paul Newman Daytona for a whopping 17.8 million dollars. Who ever says SS isnít worth more than gold? Hah just kidding. Anyway -

Iím trying to put my self in this manís shoes. What exactly would you then do with the watch? I canít imagine casually wearing the watch outdoors that I just plunked down 17.8 M for. Do I store it in a safe and leave it there? no, again.

What would you guys do
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Old 26 August 2019, 05:11 AM   #2
Potawatomi
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It's just a way for the wealthy to park cash in investments other than traditional stocks or bonds. No different than buying a Picasso or a 250GTO
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Old 26 August 2019, 05:11 AM   #3
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Wear it - itís probably part of an already amazing collection.
Bet they have a sky moon tourbillon and a few other great pieces.


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Old 26 August 2019, 05:11 AM   #4
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Wear it.
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Old 26 August 2019, 05:12 AM   #5
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Honestly - I wouldnít buy it in the first place. Iím function oriented with just about everything - if I canít (or wonít) use or wear - Iíd honestly rather not have.

Just my .02


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Old 26 August 2019, 05:13 AM   #6
LooseCann0n
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Heard that maybe Rolex purchased it.. you canít buy that kind of publicity.. no, wait you can - it costs $17m.


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Old 26 August 2019, 05:14 AM   #7
Frank McKay
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It's just a way for the wealthy to park cash in investments other than traditional stocks or bonds. No different than buying a Picasso or a 250GTO
Very interesting response. Could very well be this man has no passion for watches and itís an investment piece.
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Old 26 August 2019, 05:14 AM   #8
Potawatomi
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Heard that maybe Rolex purchased it.. you canít buy that kind of publicity.. no, wait you can - it costs $17m.


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That's an interesting theory. Not a bad idea really
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Old 26 August 2019, 05:16 AM   #9
LooseCann0n
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Very interesting response. Could very well be this man has no passion for watches and itís an investment piece.


Plus a bargain compared to a 250GTO or a Picasso..
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Old 26 August 2019, 05:21 AM   #10
DGB
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If itís an individual, the guy has more money than we can imagine, also it was for a charity, so itís for a good cause.
What would he do with it ? Probably drop in a drawer, looking for another expensive toy to buy.


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Old 26 August 2019, 05:22 AM   #11
Frank McKay
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Honestly - I wouldnít buy it in the first place. Iím function oriented with just about everything - if I canít (or wonít) use or wear - Iíd honestly rather not have.

Just my .02


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I feel the same way.
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Old 26 August 2019, 05:24 AM   #12
RJRJRJ
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Most likely purchased by Rolex, as they have the funds, and this would be the only time they would ever have a chance at it. They probably had a get it at any cost mindset and would have gone a lot higher if the other bidder kept going. I'm sure we'll see it appear some day.
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Old 26 August 2019, 05:24 AM   #13
Frank McKay
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If itís an individual, the guy has more money than we can imagine, also it was for a charity, so itís for a good cause.
What would he do with it ? Probably drop in a drawer, looking for another expensive toy to buy.


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Yeah, either that or chuck it at a stripper once the novelty wears off.
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Old 26 August 2019, 05:25 AM   #14
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Maybe they want his DNA.
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Old 26 August 2019, 05:26 AM   #15
DGB
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Yeah, either that or chuck it at a stripper once the novelty wears off.


To be honest your option is even better than mine.


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Old 26 August 2019, 05:41 AM   #16
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No doubt this is an investment. Wealthy people don't do anything of this scale without advisers, and classic cars are an excellent example. Someone probably showed the buyer how it would appreciate at some rate. Don't see why Rolex would buy it when it would be cheaper for them to probably re-create it with old tooling if they really felt the need. Rolex doesn't seem as enthusiastic with its heritage as collectors and fans, which is another reason why I don't think they bought it. You don't get to be a company like that by buying-back old examples of your products at those prices.
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Old 26 August 2019, 05:46 AM   #17
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I think itís difficult for most people to truly understand the scale of wealth.

Once you exceed a certain amount, compounding and the law of large numbers makes it very difficult to actually spend all of it.

So to the buyer, the $17M may have been no more than buying a SubC at MSRP.
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Old 26 August 2019, 05:55 AM   #18
Frank McKay
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I think itís difficult for most people to truly understand the scale of wealth.

Once you exceed a certain amount, compounding and the law of large numbers makes it very difficult to actually spend all of it.

So to the buyer, the $17M may have been no more than buying a SubC at MSRP.
Great perspective. I can only imagine.
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Old 26 August 2019, 06:01 AM   #19
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Do you think they post is it safe to threads?
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Old 26 August 2019, 06:06 AM   #20
calatravaquanautilus
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Interesting how so many people assume the buyer is a man.


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Old 26 August 2019, 06:10 AM   #21
Frank McKay
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Interesting how so many people assume the buyer is a man.


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Odds are it is, but I agree itís also possible a female made the purchase but unlikely.
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Old 26 August 2019, 06:11 AM   #22
Drpepper
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Interesting how so many people assume the buyer is a man.


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Lol letís get real.
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Old 26 August 2019, 06:13 AM   #23
RJRJRJ
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Interesting how so many people assume the buyer is a man.


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Old 26 August 2019, 06:13 AM   #24
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I heard Producer Michael bought it...
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Old 26 August 2019, 06:13 AM   #25
calatravaquanautilus
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Check out this HODINKEE radio episode for a hint of who may have bought it. Staring around the 2 minute mark.

HODINKEE Radio: Episode 40: H10 Greatest Hits https://www.hodinkee.com/articles/ho...-greatest-hits


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Old 26 August 2019, 06:24 AM   #26
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I bought it. I only wear it Wednesdayís to trivia night at the pub.


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Old 26 August 2019, 07:06 AM   #27
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I’m guessing Rolex bought it. Made the 116500 the hottest watch on earth.
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Old 26 August 2019, 07:12 AM   #28
Frank McKay
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Check out this HODINKEE radio episode for a hint of who may have bought it. Staring around the 2 minute mark.

HODINKEE Radio: Episode 40: H10 Greatest Hits https://www.hodinkee.com/articles/ho...-greatest-hits


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Interesting. Without giving up the name it was confirmed that the purchaser is a huge watch enthusiast and has purchased many other pieces previously.
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Old 26 August 2019, 07:20 AM   #29
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Maybe he's a flipper. .

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Old 26 August 2019, 07:23 AM   #30
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The title should be 'whoever', not 'whomever'. Whatever...
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