US Edition‘Godfather’ director selling $1M watch, says he’s ‘broke’ after new film flopped
Coppola is auctioning seven watches including a $1 million custom F.P. Journe prototype to offset losses from his $120 million self-financed film Megalopolis, which grossed $14 million.
- On Dec. 6 and 7, Phillips will present a sale of seven watches from Francis Ford Coppola's collection in New York City, which could help stanch losses tied to Megalopolis, Boutros says.
- Facing financial strain, Francis Ford Coppola has admitted he needs money after investing over $100 million to self-finance Megalopolis, 2024 film, continuing Coppola's prior self-financing habit.
- The most distinctive piece, the F.P. Journe FFC Prototype, features a black titanium hand inspired by Ambroise Paré, with six prototypes made and a related piece sold for 4.5 million Swiss francs.
- Megalopolis landed with heavy financial consequences, costing $120 million but grossing only $14.3 million, prompting Coppola to sell vineyards and a majority stake in Delicato Family Wines to recoup losses.
- Phillips emphasized it will let the market decide, with estimates ranging from $120,000 to $240,000 for Eleanor Coppola's F.P. Journe Chronomètre Résonance.
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13 Articles
Los Angeles Times
After 'Megalopolis' flops, Francis Ford Coppola puts his pricey watch collection up for auction
A year after Francis Ford Coppola invested $120 million into his massive bomb "Megalopolis," the "Godfather" director is selling off seven pieces from his personal watch collection.
Business Insider
BizTocFrancis Ford Coppola lost so much money on 'Megalopolis,' he's selling his luxury watches to stay afloat
Francis Ford CoppolaStephane Cardinale/Corbis via Getty ImagesFrancis Ford Coppola is auctioning luxury watches from his personal collection.Coppola invested over $100 million in "Megalopolis," which underperformed at the box office and left him broke."I need to get some money to keep the ship afloat," Coppola told The New York Times.After selling two of his vineyards to help finance his passion project "Megalopolis," director Francis Ford Coppo…
This move aims to replenish some of the money lost from the film's production.
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