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posted by Bill Black - 

The Rolex Cosmograph Daytona wristwatch sold for almost $17.8m

A famous Rolex watch once owned by actor Paul Newman was just auctioned off, and someone bought it for $17.8 million ... making it the most expensive wristwatch ever sold at auction.

To be clear … This is not the most expensive watch ever sold. Just the most expensive WRIST-watch. A 1933 pocket watch holds the record for the most expensive watch ever sold – $24.4 million.

Newman, who won an Oscar for his performance in the 1986 film The Colour of Money, wore the watch every day for 15 years.

The Rolex Cosmograph Daytona, made of stainless steel and on sale between 1963 and 1970, became known as the “Paul Newman watch”.

It had been expected to sell for £1m but there was far more interest than expected. More than 700 people crammed into the auction room, while others joined by phone from 43 countries.

The Rolex was eventually sold to an anonymous phone bidder for $17,752,500.

Bill Black

Bill Black

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