Rolex Cosmograph Daytona watch
Paul Newman Rolex watch sells for world record price, New York, USA - 26 Oct 2017
A rare Rolex watch owned by the late movie star Paul Newman today sold for a world record £13.5m. The legendary actor received the Rolex Cosmograph Daytona as a present from his wife Joanne Woodward in 1968. She bought the timepiece from the prestigious Tiffany & Co store in New York and had it engraved with the message 'drive carefully' in light of her husband's fledgling motor racing career. Newman wore it daily for more than 15 years before passing it on to his daughter's then boyfriend, James Cox, while he stayed with the family one summer in the early 1980s. It sold at Phillips Auctions of New York.
EBay has released its 2020 Luxury Watch report and Rolex is leading the way for luxury watch resale.
According to the resale web site, Rolex accounted for 25 percent of luxury watch sales over the past year, with stainless-steel models, and the company’s Daytona, Datejust, Submariner and Sea-Dweller series watches accounting for the top 10 styles on eBay globally, with the Daytona 116520 leading the way.
The Rolex Daytona at one point held the record for the highest priced wristwatch ever sold at auction, selling for $17.8 million in 2017. (The watch that sold at auction was owned by Paul Newman.) The model also was referenced by rapper Pusha T in his Grammy Award-nominated album “Daytona” from 2018.
The most expensive Rolex to sell on eBay between 2018 and so far in 2020 was an 18-karat Rose Gold Masterpiece Pearlmaster Pave for just over $100,000, but the most expensive watch sold on the web site was a Patek Philippe Grand Complications Watch for $535,499.
Patek Philippe is described by eBay as “one of the most worn celebrity watches.” Drake recently sported a Nautilus Ref. 5726 timepiece designed by Virgil Abloh that features green emeralds.
EBay is predicting rose gold and retro styles will be popular trends for 2020, as well as brighter colors such as emerald, salmon and bold blues.
Rhoxanne Villaseñor is keeping her family's "rh" theme alive.
Like her brother, Rhuigi of Rhude Villaseñor has a background in design. She launched The Rhod, a jewelry brand named after her father, several years ago, around the same time that her brother launched his cult-favorite streetwear brand. The Rhod, Villaseñor said, was mainly costume jewelry made of brass with gold plating. She has since elevated to fine jewelry, working strictly with gold and diamonds for Rhox, her newest jewelry venture. "As I’m getting older, it was important for me to be true to myself," said Villaseñor. "The way we marketed and branded Rhox, it’s more studio-artistic. I’m using fruits to reflect body parts and shapes because I want people to visualize themselves without comparing [themselves to] another person. The images are vibrant, bright, and it’s a reflection of me and my spirit. I want to bring joy to people — I do it for a living." 🍋
Victoria’s Secret has been sold – and Les Wexner is stepping aside.
Parent company L Brands sold 55 percent of the intimates giant to Sycamore Partners for $525 million. The deal includes the Pink brand. Victoria’s Secret will become a private company, while L Brands’ remaining operation, Bath & Body Works, will become a standalone public firm.
Following the transaction, Wexner – who has come under fire over the last 18 months for Victoria’s Secret failure to adapt to changing market conditions, his relationship with Jeffrey Epstein and alleged sexual harassment at the company, will transition from chairman and chief executive officer to chairman emeritus of the company he founded.
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