Even before the hammer came down, it became official: Paul Newman's Rolex Daytona Cosmograph is now the most expensive watch ever sold at auction.
The heirloom timepiece fetched a remarkable, unprcedented $15,500,000 as the eighth lot on the block at Phillips Watches' "Winning Icons — Legendary Watches of the 20th Century" auction. With bidding premiums taken into account, that's $17,752,500. Read our interview with the watch's previous owner, Paul's daughter Nell Newman and her former beau, James Cox, here.
The formerly most expensive watch in sold at auction was Patek Philippe 1518 Chronograph. The piece sold for a whopping $11,136,642 at an auction hosted by Phillips in association with Bacs & Russo.
Previously, Phillips also set a world record this spring when the "Bao Dai" Rolex 6062 sold for $5,060,427, making it the then most expensive Rolex for a few short months. The watch previously belonged to His Majesty Bao Dai, the last emperor of Vietnam.
Photo c. Atom Moore