Watch Auction Raises $544,200 for Charities

February 26, 1999

Watch Auction Raises $544,200 for Charities

Antiquorum Auctioneers and retailer Tourneau raised $544,200 Wednesday for 44 different charities at a celebrity watch auction in New York City.

The auction featured 87 watches donated by celebrities to benefit charities of their choice. Surprise guest Dr. Ruth Westheimer started the action by auctioning her own 1950s Hamilton watch for $9,000 for Children of Chernobyl.

Among the top prices was a bid of $39,000 for Paul Newman's Rolex Daytona, which he won at the 24-hour Daytona car race in 1995; the sale benefited the Hole in the Wall Gang Camp. Robert Redford's Franck Muller chronograph, perpetual calendar and equation watch raised $38,000 for Redford's Sundance Institute. Madonna's steel Ebel Beluga and Nicole Kidman's Vacheron Constantin each fetched $21,000 for Children of Chernobyl. Audemars Piguet watches donated by Arnold Schwarzenegger and Maria Shriver earned respectively $16,000 and $18,000 for Inner City Games.

Two watches set world records for their type at auction. The Seiko worn by Gen. H. Norman Schwarzkopf during the Desert Storm operation sold for $11,000 to benefit The Miami Project to Cure Paralysis. Auto racer Michael Schumacher's Omega raised $10,000 for UNESCO.

For more details, see Antiquorum's Web site at www.antiquorum.com.

- by Michael Thompson