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December 15, 2020
Phillips’ latest watch sale, Racing Pulse, realized $27.6 million in sales a tidy sum led by a handful of celebrity-owned wristwatches that inspired sky-high hammer prices.
Paul Newman’s Rolex “Big Red” Daytona, given to him by his wife, Joanne Woodward, sold for $5.5 million at the Dec. 12 auction in London. A collection of four Richard Mille watches and one Panerai, all owned by actor Sylvester Stallone, net a collective $3.1 million. And, perhaps most notably, a Heuer Monaco owned (and then gifted) by Steve McQueen set a world-record selling price for any Heuer watch when it sold for $2.2 million.
The Heuer Monaco reference 1133 was worn by McQueen in the racing film
Phillips Racing Pulse auction realizes $27.6 million, concluding a record-setting year
Heuer Monaco owned and gifted by Steve McQueen sets a world record price for any Heuer match at $2.2 million. Photo: Thomas De Cruz Media Haydon Perrior.
NEW YORK, NY
.- Racing Pulse, Phillips final 2020 auction held in New York, realized $27,584,570 on Saturday, 12 December, selling 99% by lot and 99.5% by value, an industry-leading sell-through rate. With Aurel Bacs conducting the sale live from London and broadcast across the globe, the sale was led by Paul Newmans Rolex Big Red Daytona, which sold for $5,475,000 to an anonymous private collector, marking the third highest price ever for a Rolex watch at auction. The sale also set a record price for any Heuer timepiece, with the iconic Monaco worn by Steve McQueen in the film Le Mans and gifted to his personal mechanic, Haig Alltounian, selling for $2.2 million.
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Sylvester Stallone’s watch collection is not unlike his on-screen persona: it’s bold, it’s big, it looks like it’ll knock you out in one blow. We all know Stallone as Rocky, as Rambo; a gun-slinging, punch-throwing all-around action man. What you may not know is that Stallone is also one of the most influential watch collectors in the last few decades, with the power to shift popular tastes and bring lesser-known brands to the fore. Stallone was instrumental in placing Panerai and Richard Mille in the public eye in the 2000s, elevating both brands to the top status they enjoy today. In fact, Stallone credits himself to introducing Arnold Schwarzenegger to the world of Panerai too.