Francis Ford Coppola Sells Valuable Timepieces After ‘Megalopolis’ Flop

Francis Ford Coppola is auctioning off several prized possessions after investing $120 million into his last movie.
The Oscar-winning director, 86, has put up seven timepieces from his personal collection with auction house Phillips, which will present the sale on Dec. 6 and 7 in New York City, PEOPLE can confirm.
Coppola’s sales will help recoup a portion of the money he lost on last year’s Megalopolis, which cost over $120 million and grossed only $14.3 million worldwide. The filmmaker opted to fund the passion project with his own wealth rather than partner with a studio. In 2021, he even sold a majority stake of his wine business, Inglenook, to California-based Delicato Family Wines.
During the movie’s 2024 Cannes Film Festival premiere, Coppola said he