The stock car driving lessons that Paul Newman took to prepare for the lead role in the 1969 film Winning ignited a passion for motorsport that became a big part of the actor's hypnotic charisma.
Less keen on Newman's penchant for speed was his wife, Joanne Woodward, who after watching her co-star hurtling around the racing circuit bought him a Rolex Daytona engraved on the back with the words "DRIVE CAREFULLY".
The legendary timepiece – featuring three black dials on a cream-coloured face encased in a stainless steel rim – radiates coolness, just like its late owner, and was a constant companion in magazine photoshoots. So synonymous was it with the Hollywood idol that the watch became known as the Paul Newman Daytona.
I was studying watches while my friends were collecting Pokemons
Clement Mazarian,
author
“It is the most expensive watch in the world because of Paul Newman,” Clement Mazarian, 35, a renowned expert and author of a new book on collectors' timepieces, tells The National. “I love the history of watches and the Rolex Daytona has a special history for collectors.”
When it went on sale at Phillips auction house in 2017, the lot was expected to fetch around $1 million, but as the hammer came down, an unnamed collector had bid a world record $17.8 million.
It’s fitting then that Newman’s Rolex Daytona adorns the front and back covers of Mazarian's Exceptional Watches, which was published this week and is devoted to the stories and inner workings of 90 era-defining models, from the early 1900s to the present day. He laments that none of the watches belongs to him, but says the book documents his dream collection.
The timepieces that grace the pages are actually owned by collectors or dealers who are friends of Mazarian, each showcased with intimate photographs by still-life specialist Henry Leutwyler that also reveal the exquisite craftsmanship.
The selection for what is halfway between an art book and a book on watchmaking reflects a love that began aged 14 when Mazarian's grandfather gave him an Omega.
“I didn’t understand why I loved this watch but I began to study watchmaking, on internet forums and online, while my friends were collecting Pokemons,” he says.
Years later, Mazarian turned to collecting and selling watches when failing his university law exams made him “the bad guy in the family” in the eyes of his lawyer parents.
The introduction of his new volume acquaints readers with Mahatma Gandhi’s Zenith Vox alarm pocket watch and the role it played in the ascetic lifestyle of the Indian lawyer and social activist. Despite eschewing worldly goods, he nevertheless cherished and relied on the watch to maintain his routine, which involved rising at 4am.
Readers are then guided through milestones such as the first wristwatch, a Cartier made in 1904 for the pioneering aviator Alberto Santos-Dumont, one of the many timepieces that have had a prominent role in extraordinary human adventures, and the Hamilton Pulsar, the first digital watch with an LED display, which went on sale in 1972.
Buzz Aldrin will always be known as the second man to set foot on the lunar surface, but the Omega Speedmaster he was wearing was the first watch to arrive on the Moon, on July 21, 1969. The man whose shadow he has lived in, Neil Armstrong, had left his in the command module.
Testing on climbers taking part in the pioneering Himalayan expeditions of the 1950s helped with the development of the Rolex Explorer. Sherpa Tenzing Norgay was wearing a Rolex when he stood atop Mount Everest.
A Rolex Submariner accompanied explorers Auguste and Jacques Piccard on their descent to the Mariana Trench, 10,916m beneath the ocean's surface and the deepest point on the planet.
The aesthetic nature of watches is encapsulated in the shape of the 1968 Patek Philippe Golden Ellipse, the design of which is inspired by the mathematical principle of the “golden mean”. This ancient Greek formula is at the root of some of the greatest works of art and architecture in history.
There’s a bit of light relief at the outset of Mazarian's exploration because he has particular affection for a watch produced by Ingersoll in 1933 after securing the rights from Walt Disney to use the image of a character recognised by 98 per cent of American children - more, the author says, than Father Christmas. Five million were eventually sold.
“I decided to have some fun and that's why I started the book with a Mickey Mouse watch. It is not a watch that made history, but, for me, the Mickey Mouse watch is cute and everyone had a Mickey watch at the time.”
In the book that often feels like a history of the world told through 90 timepieces, Mazarian makes reference to the complex personal life of President John F Kennedy, secret at the time but chronicled after his assassination in 1963.
A Rolex Oyster Perpetual Day-Date was said to have been given to Kennedy by his purported mistress Marilyn Monroe, engraved on the back with "JACK With love as always from MARILYN May 29th 1962", the day she famously sang Happy Birthday, Mr President. It’s a great story but Mazarian points out that the serial number indicates it was made after both had died.
“What I love is history and legend in watchmaking but it’s like in the famous stories of the Westerns – sometimes I prefer the legend,” Mazarian says.
What is true, though, is that Kennedy's wife, Jackie, an enduring style icon, favoured a Cartier Tank LC that is also featured in the book, as did the French actress and film producer Catherine Deneuve, former US First Lady Michelle Obama, and Diana, Princes of Wales, who owned two.
Despite its glamorous associations, the fact that its square design was inspired by the First World War Renault FT-17 battle tank perhaps sums up the combination of the beauty and the mechanical in many of the watches selected by Mazarian.
The book comes at a time when the decorative value of watches and their popularity among collectors is on the rise, while their utility for telling the time has been diminished by the ubiquity of smartphones.
Gangs of “Rolex rippers” who have been terrorising luxury watch owners in London have been incentivised by a global market in pre-owned watches that consultants Deloitte say is predicted to grow to $40 billion.
“Humanity has always been interested in time and it’s part of our lives, but everyone now has an iPhone so they can see the time.
“So we are asking more of a watch. Yes, we want the time but we want something else. It’s like clothes – the first clothes were to be worn but now we want nice tailoring. I think that historic timepieces, if they are in good condition, will always find someone to buy them.”
While watches “can be considered art”, Mazarian says “you can never forget the mechanical parts”. In fact, the movements of watches, the synchronised elegance of which invariably lies hidden in day-to-day life, are laid bare in the book with detailed exploded illustrations that punctuate the photographs.
At the heart is the main plate on which the gears and other moving parts are anchored, transmitting energy to the hands. The shape and configuration drives the movement and Mazarian explains that experts, or the most well-informed collectors, can immediately recognise a make just by looking at the inner workings.
Of course, not all 90 watches contained moving parts. The electronic Hamilton Pulsar, for example, made use of the latest innovations of its time with 44 chips, an integrated circuit and 4,000 connecting wires. It was an immediate success.
Mazarian spent several years working as a watch dealer, travelling the world in search of the finest timepieces, and now sells them to private clients internationally through his company, Collection Personelle.
Asked which watch he chooses to wear, he names the Rolex Submariner 5513, first introduced in the early Sixties and among the brand's many models popularised by James Bond.
“When I started to be passionate about vintage watches, I did not have a lot of money to buy expensive watches. I said to myself, ‘One day you will have a 5513.’ For me, it is the vintage watch.”
'Exceptional Watches: From the Rolex Daytona to the Casio G-Shock, 90 rare and collectible watches explored' (Octopus Publishing Group, £50), written by Clement Mazarian with photography by Henry Leutwyler, is available in hardback now.
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
RESULTS
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Tell-tale signs of burnout
- loss of confidence and appetite
- irritability and emotional outbursts
- sadness
- persistent physical ailments such as headaches, frequent infections and fatigue
- substance abuse, such as smoking or drinking more
- impaired judgement
- excessive and continuous worrying
- irregular sleep patterns
Tips to help overcome burnout
Acknowledge how you are feeling by listening to your warning signs. Set boundaries and learn to say ‘no’
Do activities that you want to do as well as things you have to do
Undertake at least 30 minutes of exercise per day. It releases an abundance of feel-good hormones
Find your form of relaxation and make time for it each day e.g. soothing music, reading or mindful meditation
Sleep and wake at the same time every day, even if your sleep pattern was disrupted. Without enough sleep condition such as stress, anxiety and depression can thrive.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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THE NEW BATCH'S FOCUS SECTORS
AiFlux – renewables, oil and gas
DevisionX – manufacturing
Event Gates – security and manufacturing
Farmdar – agriculture
Farmin – smart cities
Greener Crop – agriculture
Ipera.ai – space digitisation
Lune Technologies – fibre-optics
Monak – delivery
NutzenTech – environment
Nybl – machine learning
Occicor – shelf management
Olymon Solutions – smart automation
Pivony – user-generated data
PowerDev – energy big data
Sav – finance
Searover – renewables
Swftbox – delivery
Trade Capital Partners – FinTech
Valorafutbol – sports and entertainment
Workfam – employee engagement