New world record for the legendary Paul Newman Daytona watch

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While the Paul Newman Daytona sold for $17,752,500 in New York City, it's worth noting that part of that sale price is likely to be a generous donation to the Nell Newman Foundation. "It features the most famous dial, fitted in the most famous collectors' watch, produced by the most famous watch brand", Phillips wrote.

The watch that appears in many photos of Paul Newman is also known for its interesting history.

This is the kind of pedigree that the Rolex Daytona name holds today - and the one that started it all, Paul Newman's very own Paul Newman Daytona hailing from the 1960s just sold at a NY auction for an obscene amount.

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Eventually the watch was sold for $17.8 million, making it about $6 million more expensive than the previous most expensive watch ever sold at auction, Business Insider noted.

Aurel Bacs, senior consultant, and Paul Boutros, head of watches, Americas, said: "It was an absolute privilege for Phillips to offer Paul Newman's own "Paul Newman" Daytona - arguably the most iconic collector's wristwatch of the Twentieth Century".

She wrote: "Pop asked James if he knew the time".

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The Rolex was originally given to Newman by his wife Joanne Woodward around the time he was filming the auto racing movie "Winning" in the late 1960s. Apparently Pop forgot to wind his wristwatch that morning.

Nell and James are no longer together, but they are still close friends and chose to sell the watch to raise funds for the Nell Newman Foundation. I replied, 'I don't know - I don't have a watch.' He was clearly surprised. The "Cool Hand Luke" actor gave Cox the watch in in 1984.

The sentimental gift remained with Cox for years, until he made the decision last year to auction it off and donate a portion of the proceeds to the environmental organization, Nell Newman Foundation, The New York Times reported.

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