New­man’s watch goes for R250m

The Citizen (KZN) - - WORLD - New York

– 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

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