Rolex Daytona Ref 6263 “Paul Newman” Sells for $1.1 million

SOLD!  Rolex Daytona Record…$1,089,186…

Rolex Cosmograph Daytona $1 million

Some might call it Rolex passion, perhaps others may call it Rolex insanity.  Whatever your view on yesterday’s Christies “Lesson One” sale which featured 50 exception examples of the Rolex Daytonas, it was a whopper of an event.  In particular, this new record-setting Ref 6263 Rolex Daytona “Paul Newman”, a steel-cased mechanical chronograph which sold for a cool $1.1 million.  An absolute record price for any Rolex Daytona ever sold at auction.  Two other examples, one a Ref 6263 and one a white dial/black register 6239, sold for more than $800,000 apiece.  The entire 50-piece sale netted approximately $13.25 million, which equates to an average sales price of $240,000 per Daytona–  talk about Rolex madness!!!!

Rolex Cosmograph Daytona, ref. 6263/6239, Paul Newman model

Sold for $1,089, 186 on November 10, 2013 (Christies Rolex ‘Lesson One’ Daytona Sale)

Manufactured in 1969; sold with original Rolex Guarantee dated 1978 and Rolex box

37.5mm steel case, automatic mechanical Caliber 727, black dial, applied square numerals with luminous accents, luminous hands, outer red fifths of a second divisions on white chapter ring, three engine-turned subsidiary dials for constant seconds, 30 minutes and 12 hours registers, screw back, screw down crown, two round screw down chronograph buttons in the band, stainless steel Rolex Oyster bracelet

Rolex Cosmograph Daytona Ref 6263 Paul Newman $1 million

On normal dials, “Oyster” is located always between “Rolex” and “Cosmograph”. This holds true also for the white Paul Newman dial. However, on this model the dial reads “Rolex Cosmograph Oyster” instead of the normal “Rolex Oyster Cosmograph”.

Another noteworthy feature is the different font used for the Rolex designation on this dial. Compared to all other Paul Newman dials, except for a few rare dials made for ref. 6262 and 6264, the R is bigger and the serifs more accentuated. Beyond its graphical appeal, this feature enhances the value and desirability of the present timepiece.

Rolex Cosmograph Daytona Ref 6263 Paul Newman

According to Christies, the few black Paul Newman 6263s offered so far all bear very low serial numbers, and this is also the case for this magnificent watch. This indicates how the design could have been restricted to a selected few, some of which were early 6263s models.  Consequently, this watch reflect characteristics typical of the first series production. For example, the main case body and bezel are derived from previous models, the case back is internally stamped 6239, the caliber is 727, and the screw-down pushers are millerighe.

The watch remained dormant a Swiss retailer’s vault for years before being sold in 1978 at which time the design of the guarantee papers supplied by Rolex had changed.

The Spirit of the Rolex Daytona (A Video by Rolex)

The “Lesson One” Rolex Daytona sale was truly an event to be remembered.   Click the catalog cover below to see the full lineup and results:

Rolex Daytona Lesson One Catalog Cover 2013