26 Aug '17, 4pm

A 'Holy Grail' Watch Sets the Stage for High-Stakes Battle

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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Among vintage collectors, certain timepieces are known as holy grail watches. They’re the ones that inspire bidding frenzi...

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