Sotheby’s Hong Kong will present SPYMASTER, the first watch series to be accompanied by an NFT, the result of a collaboration between New York-based experience pioneers SPYSCAPE and horological pioneers Ressence, in an auction sale later this April.
The Swiss-made handcrafted series features 21 limited edition titanium timepieces. Only one of the watches, specifically 008#, will be offered for auction at the Hong Kong Important Watches Sale. The exclusive hardware is projected to sell between $21,000 to $38,000. All proceeds from the Sotheby’s auction will benefit the Make-A-Wish UK foundation.
Regarding the NFT which comes along SPYMASTER 008#, it is not only a computer-generated video artwork, but it also presents the immutable record of authenticity for each of the 21 limited edition SPYMASTER pieces.
“The video piece accompanying the watch illustrates the genius behind all ground-breaking horological marvels they engineered. The NFT digital video which accompanies the watch seems just the right way to emphasize its true value. Spearheading the constantly evolving market, Sotheby’s is proud to be entrusted as the first major auction house to offer an NFT with a timepiece, bringing the latest technology – which has been making headlines in the past few weeks – to the watch communities this April,” Sotheby’s Worldwide Head of Watches, Sam Hines commented.