Date: 25th October 2000

Celebrity Watches Make A Timely Fortune

Actor ARNOLD SCHWARZENEGGER and boxer MUHAMMAD ALI flexed their muscles to help raise $1.5 million (999,000) for charity in an auction of celebrities' watches.

The actor and the boxing champ were the hosts of the Christie's sale Monday (23OC00) that featured Audemars Piguet timepieces worn and signed by them, MARIAH CAREY, JON BON JOVI, SOPHIA LOREN, SHARON STONE and about 30 other movie stars, singers and athletes.

Schwarzenegger's titanium and 18-karat gold chronograph wristwatch from the Royal Oak collection topped the bidding at $340,000 (224,400). Ali's 18-karat pink gold watch from the Jules Audemars collection sold for $220,000 (146,652).

Watches belonging to Loren and Stone sold for $75,000 (49,950) each. Bon Jovi's 18-karat white gold oval watch went for $20,000 (13,320), while Carey's - an 18-karat gold piece set with diamonds- sold for $21,000 (13,860). The buyers were collectors, socialites and celebrities, Christie's said. None were named.

A bonus lot was added to the auction when Schwarzenegger took off the watch he was wearing, a prototype he wore during filming of his newest movie, THE SIXTH DAY. It sold for $35,000 (23,100). All the money raised will benefit the INNER CITY GAMES FOUNDATION, which offers sports contests and educational programs for children, and the MUHAMMAD ALI CENTRE an interactive educational institution. (PDD/WNWA)

Source: WENN



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