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13h ago

Coppola’s One‑Off F.P. Journe Watch Sells for $10.8 Million at Phillips New York

The record U.S. result reflects Coppola’s effort to raise funds following Megalopolis’ poor returns.

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Film director Francis Ford Coppola is selling his prized watch collection as part of a financial restructuring after he took a significant financial hit after the box-office failure of his self-financed 2024 film “Megalopolis.” 
Francis Ford Coppola and F.P. Journe FFC Prototype watch.

Overview

  • The F.P. Journe FFC Prototype, co‑designed by Francis Ford Coppola, sold to an anonymous phone bidder after 11 minutes of bidding.
  • Phillips said the $10.8 million price is the highest achieved for a timepiece at auction in the United States since the 2017 sale of Paul Newman’s Rolex Daytona.
  • The sale took place Dec. 6 in New York, where the FFC Prototype was one of seven Coppola watches offered by Phillips.
  • Another Coppola F.P. Journe, a Chronomètre à Résonance, realized $584,200, with five additional watches from his collection offered during the auction.
  • The asset sales follow Coppola’s acknowledgment that he lacks liquidity after self‑financing Megalopolis, which grossed about $14.3–$14.4 million, with reports also noting collateralization of his Sentinel Building and the end of his Coral Caye lease.