Francis Ford Coppola Watch Sells for $10.8 Million at Auction

"When you finance a long-gestating dream project yourself, that often comes with a need to raise money. If you're Francis Ford Coppola and you've just spent nine figures making Megalopolis, that's going to require a substantial amount of fundraising after the fact. Turns out Coppola is a watch collector, and one of the prizes of his collection just sold for a very respectable sum at auction.An anonymous buyer purchased the FFC prototype for $10.8 million as part of Phillips's New York Watch Auction: XIII, the centerpiece of an auction that brought in $43.5 million in total sales."

""Collectors responded enthusiastically to the opportunity to acquire Francis Ford Coppola's personal timepieces, achieving stellar results for all seven watches consigned by the Hollywood icon," said Phillips's Paul Boutros and Isabella Proia in a joint statement. "From the record-breaking FFC Prototype, to the Chronomètre à Résonance 'FFC' that soared to $584,500, to the no reserve Breguet that sold for 15 times its low estimate, it is clear that the admiration for Mr. Coppola and his taste in watches cannot be overstated. We are honored to have been entrusted with his collection.""

Francis Ford Coppola sold a prototype watch from his collection for $10.8 million at Phillips's New York Watch Auction: XIII, contributing to total auction sales of $43.5 million. The timepiece is a collaboration between Coppola and F.P. Journe and the winning bid of $10,775,000 set a new auction record for an F.P. Journe watch. The sale ranks among the highest amounts ever paid for a watch at auction and is the highest U.S. Phillips watch sale since Paul Newman's Rolex Daytona in 2017. Seven watches consigned from the collection achieved strong results, drawing enthusiastic collector interest.

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