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Paul Newman's Rolex sells for $17.8M

Paul Newman's Rolex sells for $17.8M
Posted at 9:46 AM, Oct 27, 2017
and last updated 2017-10-27 06:33:08-04

(CNN) - The most expensive Rolex ever just fetched more than $17 million.

A Rolex Daytona that belonged that used to belong to actor Paul Newman was auctioned Thursday.

A bidder agreed to pay $17.8 million for it.

New York auction house Phillips did not give the buyer's name, but said the winning bid was placed by phone.

According to Phillips, it set a world record for a wristwatch sold at an auction.

But Newman's Rolex isn't the most expensive watch of all.

A pocket watch made by Patek Philippe in 1933 for prominent banker Henry Graves sold for $24.4 million at Sotheby's in 2015.

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