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Rare Paul Newman Rolex Daytona 6240 kicks off Finale Auctions

Last year, the Paul Newman Rolex Daytona Ref. 6239 owned by the actor himself sold for $17,725,500 in New York, a new record for a Rolex sold at auction.
ANCX Staff | Sep 26 2018

The third player in Manila’s auctions game looks like it’s ready to shake things up. Finale Auctions, which debuts its Watches and Jewelry sale this October 14, promises an outstanding auction line up the likes of which has not been seen in the Philippine market. Eager to attract even international collectors, the pinnacle piece in a range of offerings that include rare modern timepieces and historically-significant watches is a rare Paul Newman Daytona Reference 6240. The watch is equipped with a unique “exotic” tri-color dial, and is completely original and in immaculate condition, says the known watch collector and Finale Auctions partner Paolo Martel.

Made in 1967, this is the watch’s first time to be seen in the Philippine market; it is rarely offered at auction. Made famous by the actor, racecar driver, and philanthropist Paul Newman, the Paul Newman Daytona references have risen to become one of the most valued and sought-after timepieces. Its legend is well-known among even the most novice of watch collectors and enthusiasts and continues to break records at auction houses all over the world. Last year, the Paul Newman Rolex Daytona Ref. 6239 owned by the actor himself sold for $17,725,500 at the Bacs & Russo auction in New York, a new record for a Rolex sold at auction.

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As the first Daytona reference to implement screw down pushers in the Daytona series, the historical significance of the Rolex Daytona reference 6240 is already well established. Making this timepiece even more special is that it also features a rare Paul Newman dial. While some experts dispute the existence of a Daytona reference 6240 with the Paul Newman dial, Martel confirms the mythical Ref. 6240 Paul Newman does exist. The timepiece has been assessed by experts both locally and abroad.

The Rolex Daytona Paul Newman Ref. 6240 has made very few appearances at auction houses around the world in recent years. An example from Sotheby’s at its Geneva Important Watches 2 sale in November 2016 sold for 175,000 Swiss Francs (USD 175,690), and another similar piece was sold in May earlier this year at The Geneva Watch Auction: Seven of Phillips for 348,500 Swiss Francs (USD 362,353).

The piece up for auction was purchased in 1968 and has remained with its original owner to this day. The T Swiss T markers on the dial shows the “Long” signature with “T’s” outside the 5-minute markers indicative of a Ref. 6240 dial, and its serial number conforms with the serial number series 1’658’xxx that a correct Paul Newman 6240 should have. This piece also retains the original mk0 brass prototype pushers believed to be sought after by collectors. Furthermore, the timepiece has remained in remarkable condition after 50 years, with luminous details intact and original, period-correct N71 end links, and the original 7835 bracelet.

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The Rolex Daytona Paul Newman Reference 6240 begins at an estimated at PHP 12,000,000 to PHP 20,000,000 at the Finale Auctions this 14th of October. Preview begins October 5 at Finale Art File, Warehouse 17, La Fuerza Compound, 2241 Chino Roces Ave, Makati City.

 

For further information, please contact [email protected] or call +632 813 2310.

Photography from Finale Art Auctions