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The watch remained with the Newman family for over 50 years before finally hitting the auction block, where it sold for $17.75 million, making it the most expensive Rolex ever sold publicly.
A Patek Philippe pocket watch. This list of most expensive watches sold at auction documents the watches sold at auction worldwide for at least 1.5 million US dollars.The final price listed is the total price paid by the buyer converted to US dollars, according to the currency exchange rate at the time of auction.
Rolex watches, which aren’t known for their affordability, are getting even more expensive this year with the soaring price of gold to blame. Prices on some of the Swiss company’s gold watches ...
For instance a gold Day-Date 40-mm with black dial that went for approximately $42,250 last year now will cost you $45,809, according to Rolex’s website. ... a new Rolex watch’s retail price ...
The price of US$17.75 M makes it the most expensive wristwatch ever sold. [43] In 1984, when Newman gave the watch to James Cox, the watch was selling for about $200. [ 18 ] Cox announced his plans to donate a significant portion of the proceeds to the Nell Newman Foundation [ 3 ] and Newman's Own Foundation.
On 11 November 2014, the watch was sold in Geneva, Switzerland. The final price, bid by Aurel Bacs serving as proxy for an anonymous entity, reached 23,237,000 Swiss francs, equivalent to US$24 million at the time. The sum established a new highest price for a timepiece, including both pocket watches and wristwatches. [18]