25 Aug '17, 3pm

The rarest Rolex in the world is coming up for auction

Among vintage collectors, certain timepieces are known as holy grail watches. They’re the ones that inspire bidding frenzies and, subsequently, bragging rights. So far, nothing tops a stainless-steel Patek Philippe that sold for $11.1 million at Phillips auction house in November. Patek produced only 281 of these 1941 wristwatches, mostly in gold; only four are known to have been made in stainless steel. Also among the most coveted is the Daytona Rolex, a limited run of sports watches produced from 1966 until the mid-1970s, made famous by the actor and philanthropist Paul Newman, who wore one daily in the ’70s. In May, an 18-karat gold “Paul Newman” Daytona fetched $3.7 million at Phillips in Geneva. A year earlier the company sold a stainless-steel version for $2 million. But neither of those had ever graced the blue-eyed star’s wrist. Now some lucky person will be able t...

Full article: https://www.bloomberg.com/news/articles/2017-08-23/paul-n...

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