Home / Arts and Entertainment / Coppola's Watch Sells for Record Price Amid Financial Woes
Coppola's Watch Sells for Record Price Amid Financial Woes
6 Dec
Summary
- Francis Ford Coppola's unique watch sold for a record price at auction.
- The sale occurred as the filmmaker faces significant financial difficulties.
- His recent film 'Megalopolis' incurred substantial financial losses.
A rare F.P. Journe FFC Prototype timepiece, co-designed by and belonging to Francis Ford Coppola, recently achieved a record-breaking sale at Phillips' New York auction. The unique watch sold for an undisclosed sum after an 11-minute bidding war, marking a significant moment in horological auctions.
This remarkable sale took place shortly after Coppola disclosed his dire financial situation. He revealed on a podcast that he is currently broke due to fully investing his borrowed capital into his ambitious film, 'Megalopolis.' The movie's poor box office performance has led to a substantial financial hit.
'Megalopolis,' which boasted a production budget of $120 million, only managed to gross $14.4 million globally. Coppola, who personally financed the feature, was seen wearing the now-auctioned watch during the film's premiere at Cannes in May 2024, highlighting its personal significance amidst his financial struggles.
