Paul Newman’s Paul Newman Daytona looking a bargain today??

[GolfPunk]

With the auction price of $400,000,000 (£340 Million) being paid for Leonardo Da Vinci’s painting at Christie’s auction today, I think $17,750,000 for Paul Newman’s Daytona is looking great value.

[JnmEaton]

$400M who has this kind of money for art?

ART?

[HogwldFLTR]

But DaVinci's been out of print for so long!!!!

[AK797]

$450m. And when a true known masterpiece comes along it will break a billion.

But these will mean when McQueen and even Buffett's watches come up for sale they will sell for huge sums now. The Art-ification of Rolex has begun.

[breitlings]

There is a substantial billionaire class now. Things like this are going to skyrocket. That being said I was always told the measure of a society isn't their billionaire class but the robustness of the middle/upper middle class.

[DocHorton]

There are only a couple dozen known Da Vinci paintings in existence and it is over 500 years old.

They probably made thousands of those watches and it is only 50 years old....the watch itself is not famous, just the person who owned it.

[Thuilln]

And you can wear the PN, as opposed to the Vinci... that's a big plus!!

[porschejeff]

$450MM such a deal too!

[kilyung]

Makes me laugh when I think of what DaVinci’s doodles would have fetched if they’d survived.

[yannis]

I do not think one can compare a unique Da Vinci work of art with a "mass" produced watch that happened to be worn by an actor...prices are ridiculously high for both and the Daytona was by no means, reason or logic a bargain.

[toolr]

I don't see the connection.

[NickBB]

Ulra low interest rates have been the primary driver of all asset classes to very high levels... property, equities, vintage cars, art etc. But almost half a billion dollars for a painting, that takes things to a new level (maybe the buyer paid in Bitcoins :O) Sadly ever higher asset prices do appear to contribute to the widening inequality....

[wytrader]

Just wait until PNPN is more than 500 years old. Easily a trillion dollar watch.

[jaySL350]

sold at auction a few decades ago for £45,,,
thats some profit,,lol,,,,,,jay

[GolfPunk]

Originally Posted by toolr

I don't see the connection.

Record prices fetched at recent auctions of course.

[GolfPunk]

Originally Posted by yannis

I do not think one can compare a unique Da Vinci work of art with a "mass" produced watch that happened to be worn by an actor...prices are ridiculously high for both and the Daytona was by no means, reason or logic a bargain.

It’s dubious as to whether it even was painted by da Vinci and in any event, even if it was a da Vinci, only 10% of da Vinci’s work remains on the painting as it’s been restored that many times.

[landroverking]

What's wrong with people that would compare a Da Vinci painting of PN?
Rolex could reproduce a PN Daytona at anytime. Da Vinci ain't painting any new works of art.

[AK797]

Originally Posted by landroverking

What's wrong with people that would compare a Da Vinci painting of PN?
Rolex could reproduce a PN Daytona at anytime. Da Vinci ain't painting any new works of art.

It is about Momentum and Trends, the most powerful force on most money markets, and that now firmly includes the art market.