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Coppola’s One-Off F.P. Journe Prototype Sells for $10.8 Million, Setting Independent Watch Auction Record

Coppola sought liquidity after self-financing Megalopolis, a film that delivered weak returns.

Overview

  • Phillips confirmed an anonymous telephone bidder bought the platinum FFC Prototype in New York for $10.8 million.
  • The price set the highest auction result ever for an F.P. Journe and a worldwide record for a watch from an independent manufacture.
  • Conceived with François‑Paul Journe, the unique piece uses a movable black titanium human hand to display the hours and carried a $1 million estimate.
  • Across the two-day sale, Coppola consigned seven watches, including a Journe Chronomètre à Résonance that realized about $584,200, nearly five times its low estimate.
  • Media reports said the watch sold after roughly 11 minutes of bidding, reflecting strong demand for a unique, celebrity-provenanced piece.