Thescreescore – Francis Ford Coppola, the visionary behind cinematic masterpieces like "The Godfather" and "Apocalypse Now," is facing a stark reality after his ambitious sci-fi epic, "Megalopolis," underperformed at the box office. To recoup some of the significant financial losses incurred, the legendary director is auctioning off his prized watch collection, a move that underscores the high stakes and personal investment involved in bringing his passion projects to life.
The LA Times reports that Coppola’s decision to part with his timepieces, including a custom F.P. Journe FFC Prototype estimated to fetch over $1 million, comes in the wake of "Megalopolis" earning a mere $14 million against a staggering $120 million production budget. A substantial portion of this budget was personally funded by Coppola, highlighting his unwavering commitment to the film.
While filmmakers often contribute financially to their projects, it’s a less common practice for directors of Coppola’s stature, suggesting potential financial strain. His last major box office success was in 1992. "Megalopolis," his first film since 2011’s "Twixt," was a labor of love for the acclaimed director. Back in July, Coppola revealed he poured his last $100 million into the project, and the sale of his watch collection suggests he’s still struggling to recover from the financial blow.
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The future remains uncertain for the 86-year-old Coppola. The disappointing reception of "Megalopolis" may hinder his ability to secure funding for large-scale projects in the future. Whether he will direct another film is unclear, but recovering from the financial setback of "Megalopolis" will undoubtedly be a lengthy process for the Hollywood icon. thescreescore.com will continue to follow this story as it develops.
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