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Francis Ford Coppola Selling Million-Dollar Watch to Recoup Megalopolis Losses
Music

Francis Ford Coppola Selling Million-Dollar Watch to Recoup Megalopolis Losses

by jummy84 October 26, 2025
written by jummy84

If you and I make a bad financial decision, we might get by through selling plasma or eating canned tuna for a week. But if you’re Francis Ford Coppola, you bounce back from possible financial ruin by selling million-dollar watches.

It’s no secret that 2024’s Megalopolis, Coppola’s long-gestating pet project, was a bona fide financial bust. After the iconic director poured in $120 million of his own money (a combination of various personal assets alongside a majority stake in the Delicato Family Wines), Megalopolis earned just $14.4 million at the box office. Now, in hopes of recouping a portion of the small fortune that’d devastate anyone else, Coppola has tapped New York City auction house Phillips to sell seven singular timepieces (per The Hollywood Reporter).

With the auction set for December 6th and 7th in New York City, the undisputed crown jewel of the so-called “Coppola Collection” is the F.P. Journe FCC Prototype. According to Phillips’ own Paul Boutros, Coppola worked hand-in-hand with famed watchmaker Francis-Paul Journe to craft this watch. Perhaps its most dazzling feature is its “black-treated titanium hand,” which was developed over the span of nearly a decade’s worth of conversations between Journe/his staff and Coppola.

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The hand (which draws inspiration a 16th century prosthetic crafted by French physician Ambroise Paré) tells the time via “the fingers and thumb extending or retracting in a set of sequences that indicate different hours.” Meanwhile, the minutes are “determined by a white rotating ring around the perimeter.” It’s one of only three versions ever made by Journe, with the last watch selling at a 2021 charity auction for 4.5 million Swiss francs. (Several production versions have also been made for various clients, with each watch going for $1 million.)

Might Coppola’s own Prototype nab such a lofty figure? That’s the hope of the Phillips auction house, and they’ve got some solid supporting evidence to value the Prototype at $1 million. Back in 2017, that’s exactly how much they earned for a Paul Newman-worn Rolex. (Ironically enough, Coppola has worn his Prototype watch — at the May 2024 premiere of Megalopolis.) At the same time, Phillips’ own Boutros admits they “don’t know how the market will price” the watch, so it could go for even higher final figure. That sound you hear? It’s Coppola’s accountants, cheering wildly.

The other standout from the collection is yet another masterpiece from Journe, the Chronomètre à Résonance. Gifted to Coppola by his late wife Eleanor Coppola, the timepiece is accompanied by “an advertisement for the Résonance, which Francis Ford Coppola saved and was later found by his wife, leading to the gift.” That watch is slated to be auctioned for between $120,000 and $240,000.

The last pieces in the Coppola auction are a Blancpain Minute Repeater (auctioning for between $15,000 and $30,000); a Patek Philippe Calatrava ref. 3919 (auctioning for between $6,000 and $12,000); and a Patek Philippe World Time ref. 5130G (auctioning for between $15,000 and $30,000). Two final watches, carry no reserve (i.e., no minimum price): a BreguetClassique ref. 5140 (auctioning between $4,000 to $8,000) and an IWC Portugieser (auctioning between $3,000 to $6,000).

Coppola has never shied away from the financial hardships he faced after the release of Megalopolis; back in March, he said he had no money on-hand for his undetermined next project. At the same time, Coppola has remained fiercely proud of the film despite its robust failures. He even accepted a Razzie Award back in February, calling it a “distinctive honor” to earn nominations for worst director, screenplay, and picture “at a time when so few have the courage to go against the prevailing trends of contemporary moviemaking!”

And, sure, Coppola made a decidedly trash film, but you’ve got to commend him for putting everything on the line and being willing to sell beloved personal heirlooms just to back it all up. He believed in this film, and what it would add to his already celebrated filmography, and executed it exactly as he saw fit (even when others remained uncertain or unmoved). Would any other director be as unwavering in their commitment to bringing their vision to life regardless of the life-altering consequences? Maybe Tommy Wiseau, but who knows for sure?

Ahead of the auction, Phillips will displaying Coppola’s watches to the public from December 3rd to 5th; head here for more information.

October 26, 2025 0 comments
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Jacob Elordi, Sofia Coppola, Gemma Chan, and More Toasted to the “Craft of Cinema” With Cartier at Venice Film Festival
Fashion

Jacob Elordi, Sofia Coppola, Gemma Chan, and More Toasted to the “Craft of Cinema” With Cartier at Venice Film Festival

by jummy84 August 31, 2025
written by jummy84

On Friday night in Venice, the grande dame hotels lining the Grand Canal were abuzz with parties as the film world headed back from premieres on the Lido and were ready to celebrate their films over a negroni or two. And few events were quite as starry as the dinner held at the Gritti Palace by Cartier and the cult film magazine A Rabbit’s Foot, which saw the magazine’s editor-in-chief, Charles Finch, welcome guests for a dinner of vegetable risotto and grilled fish. Those arriving to the hotel jetty for the evening included Jacob Elordi, in town to promote his starring role in Guillermo del Toro’s Frankenstein; Sofia Coppola and Francis Ford Coppola; Bugonia’s Alicia Silverstone; and the president of this year’s Venice Film Festival jury, Alexander Payne.

Naturally, a series of speeches soon followed, all honoring the “craft of cinema.” First, Finch raised a glass to Cartier’s longstanding commitment to supporting filmmakers (this is the fourth year that the French jewelry house has served as the main sponsor and official partner of the Venice Film Festival). Then, Cartier’s SVP chief marketing officer Arnaud Carrez offered his thanks to Finch for partnering on the event, as well as to the illustrious roll-call of artists seated around the room.

Finally, it was time to head to the Gritti rooftop, which had been transformed for the evening into Venice’s most glittering open-air nightclub for the after-party, with actors Rashida Jones, Gemma Chan, and George Mackay all arriving to sip Champagne and take in the sweeping views over to the dramatically lit Santa Maria della Salute church and the lagoon beyond. Even as those with premieres and press junkets the next day began to peel off, the party continued late into the night as guests blew off steam after a busy first few days at the festival—and left the party chattering about the rest of the films to come over the next week.

August 31, 2025 0 comments
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Francis Ford Coppola Honors Werner Herzog at Venice Opening Ceremony
TV & Streaming

Francis Ford Coppola Honors Werner Herzog at Venice Opening Ceremony

by jummy84 August 28, 2025
written by jummy84

Francis Ford Coppola doesn’t have a film premiering in Venice this year, but the 86-year-old Oscar winner is duly present for the 82nd edition. His pal Mike Figgis’ behind-the-scenes portrait “Megadoc,” about the production of Coppola’s 2024 cinematic cause célèbre “Megalopolis,” debuts out of competition this week. And at the festival’s opening ceremony Wednesday night, Coppola took to the dais to champion his longtime friend, the German filmmaker Werner Herzog, recipient of the festival’s honorary Golden Lion for lifetime achievement. (“Vertigo” icon Kim Novak will also receive one later this week.)

Herzog’s new film “Ghost Elephants,” about an elusive herd of the Angolan creatures, debuts in Venice this week as part of the festival’s robust documentary slate, which also includes new films from Laura Poitras and Sofia Coppola.

La Grazia

“One must celebrate that someone like him can exist,” said Coppola of Herzog, the 82-year-old documentary and fiction auteur whose films have spanned everywhere from the Caves of Lascaux in “Cave of Forgotten Dreams” to pushing a steamboat up the Andes with Klaus Kinski in “Fitzcarraldo,” or alongside conservationist Timothy Treadwell in his last days for “Grizzly Man.”

“His work burst into my life with ‘The Enigma of Kaspar Hauser’ [from 1974], ‘Aguirre, the Wrath of God,’ and ‘Fitzcarraldo.’ I have never seen such films as these, all unique and very different from one another, and all magnificent,” said Coppola, who put up a penniless Herzog at his San Francisco house to finish the script for “Fitzcarraldo.”

“He’s written operas, he’s directed roles, he’s acted. He not only can fill the pages of an encyclopedia — Werner is one so, so filled with exuberant creativity. … We all joined together at my home in San Francisco, where there was always fun conversations and much learning and enthusiastic discoveries. I was working on a play at that time, and remember introducing one of the cast members, Lena, who eventually became his wife. So when it comes down to is this: If Werner has limits, I don’t know what they are. Werner’s life and his very existence send a challenge to everyone out there: copy, if you can. And all of us truly wonder if anyone ever will. Werner, I will eat my hat if anyone comes [along] who can do it.”

VENICE, ITALY - AUGUST 27: Werner Herzog poses with Golden Lion for Lifetime Achievement Award after the opening ceremony during the 82nd Venice International Film Festival on August 27, 2025 in Venice, Italy. (Photo by Andreas Rentz/Getty Images)
Werner Herzog poses with the Golden LionGetty Images

A tearful Herzog took to the stage at the Sala Grande on the Lido di Venezia. “Francis has been extremely kind and generous to me,” Herzog said. “We know each other for half a century by now. He’s been generous, inviting me at a time when I didn’t have money to pay for a hotel room. I stayed at his house in San Francisco and wrote my screenplay of ‘Fitzcarraldo.’ Both of us came very close to making a very big film about the conquest of Mexico together, seen from the perspective of the Aztecs, a film project that did not materialize, but it’s a wonderful time when we plotted about it. And, of course, without Francis, I would not have met my wonderful wife, Lena. In fact, it is not true that we are 30 years together. Now it is to be correct: 29 years, 11 months, and nine days.”

Herzog — whose “Bad Lieutenant: Port of Call New Orleans” and “My Son, My Son, What Have Ye Done?” both played Venice in competition in 2009 — concluded, “I have always tried to strive for something that goes deeper beyond what you normally see in movie theaters. Go into a deep form of poetry that is possible in cinema, searching for truth in unusual ways. Truth is always somehow in cinema. It’s mysterious and elusive, and I always try to do something which was sublime or something transcendental. This may sound a little bit lofty. So in fact, I do believe that all this has similar reasons. I always wanted to be a good soldier of cinema.”

Later in the opening ceremony, competition jury president Alexander Payne took to the stage hours after navigating questions about Gaza during the jury press conference. Protests surrounding the ongoing genocide in Gaza are roundly expected to dominate event space and news chatter throughout the fest.

The jury also includes filmmakers Stéphane Brizé, Maura Delpero, Cristian Mungiu, and Mohammad Rasoulof, and actors Zhao Tao and 2025 Best Actress Oscar nominee Fernanda Torres, who together will look at 21 films from the likes of Paolo Sorrentino (whose “La Grazia” opened the festival), Yorgos Lanthimos, Noah Baumbach, Park Chan-wook, Kathryn Bigelow, Guillermo del Toro, Olivier Assayas, Mona Fastvold, Benny Safdie, Jim Jarmusch, and more.

“My fellow jurors and I express our great honor of being asked to serve on the jury of this year’s Venice Film Festival, and we offer our greatest respect and warmest congratulations to all the superb filmmakers whose work we have the privilege of seeing with virgin eyes,” Payne said following a tribute reel montaging moments from his career, from “Sideways” to “The Descendants.” “I encourage my fellow jury members and myself to consider that we know something about cinema, but also nothing at all, to look at each movie simultaneously with the eyes of a professional but also with the eyes of a child who is perhaps seeing a film for the very first time. We know that each of the films will be some kind of miracle, as the existence of cinema itself is a miracle, and we approach our work with the spirit of great joy.”

August 28, 2025 0 comments
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