Barbra Streisand's Rolex Gift to Jon Peters Set For Auction

This story first appeared in the Oct. 26 issue of The Hollywood Reporter magazine.

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In June 1981, Barbra Streisand bought her then-boyfriend Jon Peters a classic Rolex watch and engraved it with a touching song lyric from her hit 1976 film A Star Is Born, which Peters produced.

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But despite the promise of "evergreen" love, things didn't turn out as timeless as Streisand had hoped. She and Peters soon split, and now the watch -- a 1935 Rolex Prince in silver and 9-karat gold -- is set to be auctioned Nov. 9 in Beverly Hills by Julien's, with a presale estimate of $2,000 to $4,000.

Auctioneer Darren Julien says the owner wants to remain anonymous but adds that the person -- who worked on the movie with Peters and Streisand -- received the watch personally from Peters.

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One timepiece expert tells THR the watch seems in somewhat poor condition, though its history likely will up its value.

Neither Streisand nor Peters responded to a request for comment.