8 months ago
Francis Ford Coppola's Watch Sells for $10.8 Million
Francis Ford Coppola, a famous movie director, sold a special watch he helped design for $10.8 million at an auction.
This watch is called the F.P. Journe FFC Prototype.
The sale happened in New York and took 11 minutes of bidding.
The buyer was anonymous.
This sale is the highest price for a watch in the U.S. since 2017.
Coppola sold the watch because his recent movie, 'Megalopolis,' did not make much money.
The movie cost a lot to make but only earned $14.3 million.
Coppola is known for directing famous movies like 'The Godfather' and 'The Godfather Part II.'
Francis Ford Coppola's custom watch, the F.P. Journe FFC Prototype, sold for $10.8 million at a New York auction.
The sale marks the highest price for a watch in the U.S. since 2017.
The watch was sold to an anonymous phone bidder after 11 minutes of bidding.
Coppola sold the watch to offset financial losses from his film 'Megalopolis,' which grossed $14.3 million against a budget of $120 to $136 million.
Coppola is renowned for directing 'The Godfather' and 'The Godfather Part II,' among other influential films.
- Who
- Francis Ford Coppola, renowned American filmmaker
- What
- Sale of his custom watch, F.P. Journe FFC Prototype, at auction
- Where
- Philip's New York auction
- When
- Recent auction (specific date not mentioned)
- Why
- To offset financial losses from his film 'Megalopolis'
Key facts
- Filmmaker
- Francis Ford Coppola
- Watch Model
- F.P. Journe FFC Prototype
- Auction House
- Philip's New York
- Sale Price
- Previous Highest Sale
- Paul Newman's Rolex Paul Newman Daytona ($17.8 million in 2017)
- Reason for Sale
- Financial loss from the film 'Megalopolis'
- Film Budget
- Film Gross
