Francis Ford Coppola is proceeding with the auction of several of his most valuable personal belongings after investing $120 million in his latest movie.
The Oscar-winning filmmaker has put seven watches from his collection up for sale through the auction house Phillips, which will hold the auction on December 6 and 7 in New York. According to People, the move is intended to recover part of the losses from Megalopolis, which cost over $120 million to make but earned only $14.3 million worldwide.
Coppola chose to finance this personal project with his own money rather than working with a studio, and in 2021 he even sold a majority stake in his winery, Inglenook, to the California-based Delicato Family Wines.
At the film’s premiere at the 2024 Cannes Film Festival, Coppola stated that he “never cared about money” and that his three children “don’t need a fortune.”
Among the watches to be auctioned, one standout piece is a unique design created by Coppola himself in collaboration with renowned watchmaker François-Paul Journe.
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