A Paul Newman Rolex Daytona watch that was appraised on Antiques Roadshow for $700,000
image via Forbes

What’s even more shocking is the original purchase price on this Paul Newman Rolex Daytona. A United States Air Force veteran named David (last name has been kept private) purchased it for $345 at his base exchange when he was in the service decades ago.

That was at a 10% military discount, and it was almost a month’s salary at the time. For reference, a U.S. Air Force member brought in about $300 to $400 a month back in 1974.

This Antiques Roadshow episode aired in January, and was filmed in Fargo, North Dakota. Keep reading to find out why this Paul Newman Rolex Daytona watch is worth so much.

What is Antiques Roadshow?

First off, what the heck is Antiques Roadshow? Antiques Roadshow is a television show that began airing on PBS in 1997. According to PBS.org, it’s a part adventure, part history lesson, and part treasure hunt!

The tv show travels and films throughout the United States. Specialists from leading auction houses and independent dealers offer free appraisals in communities around the nation.

Individuals bring in their family heirlooms, antiques, flea market finds, and collectibles to find out how much they’re worth. Sometimes these items are only worth a few hundred dollars more than original prices.

In contrast, the occasional large amount appraisal can literally cause an on-screen collapse. Exactly like the owner of this historical Paul Newman Rolex Daytona did when he found out how much the watch is worth.

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