"After selling two of his vineyards to help finance his passion project "Megalopolis," director Francis Ford Coppola is auctioning off some of his personal possessions to make ends meet. The legendary filmmaker behind "The Godfather" movies and "Apocalypse Now" took a major gamble when he invested over $100 million of his own money to self-finance his latest movie, "Megalopolis." But with the movie only generating just over $14 million worldwide since it opened in theaters last September, he's looking for cash to recoup his losses."
"The answer? Auctioning seven of his luxury watches, including one Coppola designed himself that retails at $1 million, according to The New York Times. "I need to get some money to keep the ship afloat," Coppola, 86, told the Times. The auction will be done through Phillips, an auction site that specializes in watches, on December 6. The most exclusive watch Coppola is selling is one he designed himself in collaboration with F.P. Journe, a Swiss watch company."
Francis Ford Coppola sold two vineyards and is now auctioning seven luxury watches to raise funds after self-financing Megalopolis with over $100 million of his own money. Megalopolis has earned just over $14 million worldwide since its September release, leaving significant losses to cover. The auction through Phillips on December 6 includes a $1 million F.P. Journe watch Coppola designed, two Patek Philippes, a Blancpain Minute Repeater, an IWC Chronograph, another F.P. Journe, and a Breguet Classique, with estimates ranging from $3,000 to $240,000. Coppola has resisted streaming licensing, preferring a theatrical presentation.
Read at Business Insider
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