Rolex Daytona Cosmograph owned by Paul Newman set to sell for $1 million at auction

paul-newman-rolex daytona

A Rolex Daytona Cosmograph, owned by Hollywood legend Paul Newman, and inscribed with a message from his wife, will be sold at auction this October.

The watch was reportedly purchased for $300 as a gift for Mr Newman by his wife, Joanne Woodward, in the late 1960s, according to a report in the Wall Street Journal Magazine.

It is engraved on the back with the message “Drive Carefully Me”, a reminder to take care during the motor racing that became a huge part of Mr Newman’s life at the time.

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paul-newman-rolex daytona back

It is expected to sell for over $1 million when it goes under the hammer at a Phillips auction in New York on October 26.

 

The hammer price could be even higher since the sale will raise money for the Nell Newman Foundation, a nonprofit organisation founded in 2010 by Nell Newman, Mr Newman’s daughter, after his death from lung cancer in 2008.

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