The Rolex ‘Paul Newman’ is the megastar of collectible watches. Each time a collectible vintage timepiece is sold, records are broken. This time, Sotheby’s will be leading their spring sale of important watches in Geneva with a rare Rolex Daytona ‘Paul Newman’ watch that is estimated to fetch between CHF (Swiss Francs) 2,00,000 – 4,00,00. But what is so interesting about a watch that has seen over four decades of wear, for it to fetch such a sum?
The timepiece in question was purchased as an 25th wedding anniversary gift by the owner’s wife back in 1975 for GBP 134. The childhood sweethearts shared an emotional history of having been together all through his service in the British Army during World War II, as well as in India and in Iraq. The watch has been preserved along with the original paperwork.
But the reason behind the piqued interest in this token of love is the rare dial of the watch. The unusual feature of the dial is that it changes colour with age—it has transformed from the original black to a rich brown now. Vintage watch collectors refer to this process as ‘tropical’, and are placing a high value on such timepieces, making them extremely covetable in the current market. Aside from the sentimental value of the watch, the investment value of this piece is undeniable.
The Sotheby’s Important Watches auction will take place on May 13 at the Mandarin Oriental, Geneva. The public exhibition will be held between May 10-12
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