Redford won the Academy Award for Best Director in 1981 for directing Ordinary People.
He was previously nominated for Best Actor in 1974 for his performance in The Sting, and went on to receive Best Director and Best Picture nominations in 1995 for Quiz Show.
The movement was originally manufactured and released in 1969 and remains the highest VPH (vibrations per hour) mass-produced movement on the market at 36,000 VPH.
Rolex purchased these movements for the Daytona, and then modified the movement from 36,000VPH to 28,800VPH and made a few other subtle changes.
His greatest Broadway success was as the stuffy newlywed husband of Elizabeth Ashley in Neil Simon's Barefoot in the Park (1963). His role in Inside Daisy Clover (1965) won him a Golden Globe for best new star.
He starred in Butch Cassidy and the Sundance Kid (1969), which was a huge success and made him a major star.
Now in his 70s, Porter has spent much of his professional life as a writer of travel guides but he is himself gay and has long been a connoisseur of the secret lives of stars.
Frail: Paul Newman is wheeled out of hospital 'Paul didn't want to die in the hospital,' a source said.
The Rolex Daytona was inspired by racecar drivers and enthusiasts, most notably, iconic actor Paul Newman, who reportedly wore his Daytona every day from 1972 until his death in 2008.
This original series was in very short supply by the early 1990s, which led to a second series to meet demand, introduced in 1988 and using a Zenith "El Primero" modified automatic winding movement, with a five-digit model number.
'Joanne and his daughters are beside themselves with grief.' The source, described as a 'close family friend' said that the star – who co-owns a motor racing team and has his own salad dressing brand – had spent the past few weeks getting his affairs in order.
It was claimed that some of Newman's actions had caused tension among of his children.