Overview
- Phillips’ New York Watch Auction sold the F.P. Journe FFC Prototype to an anonymous phone bidder after 11 minutes of bidding.
- The unique piece was co-designed by Francis Ford Coppola with F.P. Journe and was worn at the Cannes premiere of Megalopolis.
- Another Coppola F.P. Journe, a Chronomètre à Résonance, fetched $584,200, with five more of his watches offered as the sale continues through Dec. 7.
- Phillips said the result is the highest price for a timepiece at a U.S. auction since the 2017 sale of Paul Newman’s Rolex Daytona, noting worldwide interest.
- Coverage places the sale within Coppola’s broader financial restructuring after self-financing the $120 million Megalopolis, which grossed about $14.4 million, with reports he also used San Francisco’s Sentinel Building as loan collateral and ended his Coral Caye lease.