Paul Newman’s Rolex watch sold for $17.8 million at auction

The Rolex once owned by John Newman sold for $17. 8 mil in New York on Thursday, make an auction record for timepieces.

The Cosmograph Daytona was given in order to Newman by his wife, celebrity Joanne Woodward, in 1968 as the two were working on the car race film “ Winning” with Robert Wagner.

  (Phillips)

Woodward had the message “ Drive Carefully Me” engraved at the back of the watch.

The stainless steel view features a crocodile strap and can be observed in countless photos of Newman, who became a serious racing vehicle driver himself thanks to his encounter making the movie.

That is until he ceased wearing it in 1984.

  (Phillips)

It turns out he’ d given it to his child Nell’ s then-boyfriend James Cox who has had the watch since.

Cox described wearing it as “ magical, ” but put it aside in recent years as its value rose.

It definitely was magical when it ws on store shelves at the Phillips auction in New York , where it garnered an starting bid of $10 million plus ended up going for $15. 5 mil to an anonymous phone bidder that will pay a total of $17, 752, 500 after fees.

The price paid has been well above the previous record associated with $11 million that a Patek Philippe was sold for last year.

Cox is giving a portion of the proceeds of the selling to the Nell Newman Foundation, that Cox is the treasurer, and Newman’ s Own Foundation.