Paul Newman’s Iconic Rolex Sells for $17.8 Million

A highly sought after watch once owned by actor Paul Newman, who died in 2008, was sold at auction for a record $17.8 million. Newman’s timepiece, a gift from his wife Joanne Woodward, was eventually passed on to his daughter Nell’s college boyfriend, who has finally sold it after keeping quiet about the collectible for many years. That very watch reportedly inspired the Paul Newman nickname for the most prestigious versions of Rolex’s Daytona model. Auctioneer Paul Boutros said “a portion of the proceeds will benefit the Nell Newman Foundation and Newman’s Own Foundation.”