The Paul Newman watch is described as an “understated piece with an exotic dial. Crafted in stainless steel, it features a cream-colored dial with black subdials and the word ‘Daytona’ written in red. Its three colors make it unusual.”
Bacs & Russo, which is the watch department at Phillips auction house, sold a Patek Philippe stainless steel watch last November for $11 million and a Rolex “Bao Dai” for $5 million, which until Thursday was the highest sale price for any Rolex.
The house has two more watch sales, one in Hong Kong and one in Geneva, in November.
—Karen DeMasters