20/12/2011 Rolex Daytonas at Bonhams’ 8 December US sale
In these uncertain times, vintage Rolex Cosmograph Daytonas from the 60s and 70s have joined Ferrari 275 GTBs, a Chelsea pied à terre and vintage claret as an alternative ‘world currency’. Bonhams sold two mid-60s ‘Paul Newman’ models at its recent North American auction, with the 14 carat gold example achieving $84,100.
The stainless steel version (below), with its stylish black-with-white-sub-dials face, sold for $63,700.
The manual-wound watch earned the name ‘Paul Newman’ after the famous American actor (and no mean racing driver) wore one when filming ‘Winning’. A variation of this model’s dial – with ‘square’ markers – made it instantly recognisable to collectors worldwide.
Today, the Cosmograph Daytona is still in production as a slightly larger (40mm case vs. 37mm), COSC-certified chronometer with an in-house automatic movement. The waiting list is such that current models still trade at well over list price.