It’s just been announced by Phillips Auction that their RACING PULSE auction has achieved some very outstanding results. Even though the private collection of Sylvester Stallone hit some massive prices, (namely his Panrai Luminor that Stallone wore in the film “Daylight” which made $214,200 USD) the showstopper was actually the favorite watch of late actor Paul Newman.
Paul Newman’s Rolex “Big Red” Daytona passed down to his daughter Clea Newman Soderlund, was able to bring in a whopping $5,475,000 USD. The watch now holds 3rd place for the highest auction price for a Rolex. Clea Newman Soderlund had this to say about the watch: “He wore the watch nearly every day until he gave it to me. He was photographed wearing it on numerous occasions as was I. It has been a treasure of mine for almost thirteen years. To me, this watch shows my mother’s tolerance of his continued passion for racing and reflects the enduring love between them which remained for another 25 years until his passing.”
The Rolex was originally a gift from Newman’s wife Joanne Woodward back in 1983 as a present for their 25th anniversary. It was intended as a good luck charm and to serve as a reminder for him to stay safe on the racetrack. The watch also featured a custom engraving on the Rolex 6263’s caseback reading “Drive slowly Joanne”.
In total, the RACING PULSE Auction brought in an outstanding $27.6 million USD with $2.1 million USD being donated to the One Drop Foundation. For Phillips Auction, this was 10X their original estimation of profits as well as double its previous record.
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