Two watches never fail to fascinate collectors. The first is the 1941 stainless-steel Patek Philippe — only 281 were made and only four in stainless steel. The second is the Daytona Rolex produced from 1966 until the mid-1970s. Paul Newman made the watch famous, earning it the nickname the “Paul Newman” Daytona.
But there are holy grails and then there are holy grails, because not only is a Daytona going up for auction, but this one was actually owned by the watch’s namesake.
“You ask 100 collectors over dinners what’s on their shopping list – the Paul Newman Daytona Rolex,” Aurel Bacs, a senior consultant for watches at Phillips, tells Bloomberg.
In the past, “Paul Newman” Daytonas have fetched up to $3.7 million. But this auction will be different. Phillips estimates that Newman’s stainless-steel Daytona Rolex wristwatch will fetch more than $1 million. But they are being coy. Vintage watch enthusiasts are talking numbers as high as $10 million.
“It’s worth all the hoopla surrounding it,” Jason Singer, a vintage watch collector in Phoenix who believes Newman’s Daytona could set an auction record for a wristwatch, adds.
We’ll just have to wait and see.