From left: Rolex Cosmograph Daytona "Paul Newman" Ref. 6239; Patek Philippe Nautilus Chronograph 5980/1A-014; Rolex Submariner "Single Red" Ref. 1680. Photograph courtesy of Finale Auctions
Style Watches

A Rolex Cosmograph Daytona sold for a whopping P14M at Finale’s weekend auction

The bidders came prepared during Finale Art File’s second Jewelry and Watches auction last Sunday. But no one came close to the Rolex piece bearing the same reference number as Paul Newman’s record-breaking watch that hammered at $17.7 two years ago.
ANCX Staff | May 21 2019

Finale Auctions recently concluded its second Watches & Jewelry auction with a spectacular showing from the timepieces for sale. A broad selection of incredibly rare timepieces, historically important, and sought-after limited-edition watches were offered last Sunday, with several pieces in excellent or pristine condition.

 

More on pricey timepieces:

 

Among the biggest sellers from the vintage selection were a 1958 Rolex GMT-Master Ref. 6542 tropical dial, which was the first dual time zone model of the brand, selling for P5,372,800. Meanwhile, a rare Rolex Submariner “Meters First” Ref. 1680 with a tropical dial went for P3,036,800.

Patek Philippe had a strong showing from its popular Nautilus line with three examples offered and sold. First on the block was a brand-new Nautilus Ref. 5711, which sold for P3,504,000, followed by a rare “Jumbo” Nautilus Ref. 3710 that sold for PHP 2,686,400. Historically, the watch has always been undervalued because of its use of Roman Numerals. But this is the first Nautilus to receive a complication, and can be considered a semi-vintage being almost 20 years old. The biggest hitter of the three Nautilus pieces was a Chronograph Ref. 5980/1A-014 closing at P5,606,400.

Established in 1983, the gallery has previously held auctions in the late 1990s to early 2000s under the banner Finale Art File. Its auctions were relaunched two years ago, and restarted with a focus on Philippine art. Last year, it expanded into other collecting categories, including timepieces and precious jewelry.

The star of the Sunday’s show, expectedly, was the much-awaited Rolex Cosmograph Daytona “Paul Newman” Ref. 6239, which achieved an astounding P14,016,000. It shares the exact same reference and dial as that of Paul Newman’s own watch, which everyone knows sold for a record of $17.7 million in New York in 2017.

Also of note at Finale’s Watches & Jewelry auction were a unique Rolex “Patrizzi dial” Cosmograph Daytona Ref. 16520 that fetched for P2,336,000, a Rolex “Single Red” Submariner Ref. 1680 for P2,102,400, and a Rolex “Tiffany” Submariner Ref. 16610 bearing the Tiffany & Co. mark on the dial, which went for P1,985,600.

 

Check out the big winners at Finale’s auction:

Rolex Submariner "Meters First" Tropical Dial Ref. 1680 

Rolex GMT-Master  Ref. 6542 

Patek Philippe Nautilus Ref. 5711/1A 

Patek Philippe "Jumbo" Nautilus Ref. 3710 

Patek Philippe Nautilus Chronograph 5980/1A-014 

Rolex Cosmograph Daytona "Paul Newman" Ref. 6239 

Rolex Cosmograph Daytona "Patrizzi Dial" Ref. 16520 

Rolex Submariner "Single Red" Ref. 1680 

Rolex Tiffany Dial  Submariner Ref. 16610 

 

Consignments are invited for the next Watches & Jewelry sale to be held in October 2019. For more information, visit finaleauctions.com.ph.

Photographs courtesy of Finale Auctions