Newman’s watch goes for R250m
– A constant beloved companion of Paul Newman for years, the late Hollywood star’s Rolex has sold for $17.8 million (about R250 million), setting a world auction record for a wristwatch.
Given to him by his wife, Joanne Woodward, and lovingly inscribed while the couple fi lmed and co-starred in the 1969 movie Winning, Newman was photographed wearing the iconic stainless steel watch on countless occasions.
Auction house Phillips said it was snapped up late last Thursday in New York by an anonymous telephone buyer for $17.8 million after 12 minutes of frenzied bidding.
But if it’s the most expensive wristwatch sold at auction, a handcrafted Patek Philippe pocket watch made for New York banker Henry Graves remains the most expensive overall, fetching more than $24 million at Sotheby’s in 2014. – AFP