Paul Newman's Rolex Just Sold for a Whopping Sum

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The sale, made on Friday at a Phillips in association with Bacs & Russo auction broke the record for a Rolex, or any wristwatch, sold at auction. It went to an anonymous telephone bidder after 12 minutes on Thursday, October 26, in NY. The sale was tracked closely by watch lovers, retailers, and collectors-and over 700 people packed into Phillips' saleroom in NYC to see it unfold live. A portion of the proceeds went to charities Newman was involved with.

Newman had started racing cars around that time, and the Daytona has a stopwatch function that is useful for race-car drivers.

Among watch collectors, a "Paul Newman" Rolex Daytona is a coveted possession.

The word "DAYTONA" appears in red above the middle subdial. And that watch was the Rolex Daytona, which adorned Newman's wrist for decades before he gave it to a then-boyfriend of his daughter. "To which he replied: 'Well, here, here's this watch".

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Jaitley further said that people, who deposited money disproportionate to their income "are now being forced to pay taxes". Taking a dig at BJP chief Amit Shah, Sharma asked whether Amit Shah's son Jay Shah would find a place in this celebration.

"If Paul was alive", Cox told the Times, "and I went to him and said, 'Hey, Paul, that watch you gave me, it turns out that it's super-valuable, super-iconic, ' I think the first thing he would say would be: 'Well, kid, what are you going to do with it? If you keep in mind to wind it, it tells pretty good time'".

Paul was gifted the watch by his wife Joanne Woodward after they starred together in 1969 movie "Winning", a film which inspired the actor's passion for professional racing and so she had it engraved with the message "Drive Carefully Me".

Officially called the Rolex Oyster Cosmograph Daytona, it was produced in six series between 1963 and the late 1970s, but was phased out because of poor sales, according to Forbes. It also breaks the record for the most expensive Rolex ever sold at auction, the auction house said, which was previously held by the Rolex Bao Dai which sold for $5 million back in May.

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