INSIGHT: 3 questions about Paul Newman’s Rolex Daytona, answered

When I had the opportunity, in Geneva this past summer, to get my hands on the 20th century’s most famous wristwatch and talk about it with the man who will be holding the hammer when the watch is auctioned by Phillips in New York in a few days, my immediate thought was I-love-my-job-I’m-so-lucky. Followed by a few key questions: Would the watch feel more special on the wrist than your typical Cosmo Daytona? Does Aurel Bacs, auctioneer supreme, regard this as anything more than another (likely) record-breaking piece? And, on that note, just why was the pre-sale estimate — “In excess of $1 million” — so low? The importance of provenance When I found out that this watch was entering the market I was intellectually excited but emotionally detached. It’s a watch, right? With a very good story. A watch that loads of collectors would willingly sell their furniture (if not their mother-in-laws) for. But it’s a Rolex Cosmograph Daytona with an exotic dial, Ref 6239, circa 1969. It’s only a watch. That’s how it looked and felt for about the first three seconds after Alex Ghotbi from Phillips handed it to me. Then something took over – the knowledge…

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