April 23 - In the Hong Kong Important Watches Sale, Sotheby’s presented a timepiece from the SPYMASTER series, the first watch series accompanied by NFTs - unique cryptographic tokens which provide an immutable record of the provenance of each watch on the blockchain.

The SPYMASTER series is the result of a collaboration between New York based museum and experience pioneers SPYSCAPE and horological pioneers Ressence, with a limited edition of 21 titanium timepieces handmade in Switzerland. In the sale (lot 2251), this watch number 008# in the series was estimated at HK$170,000 – 300,000 (US$21,000 – 38,000). It ultimately sold for 378,000 HKD (US$48,243) with buyer's premium included.

SPYMASTER 008# is accompanied by an NFT - a computer generated video artwork celebrating the form and materials of the watch. Minted on the Ethereum blockchain, this Non-Fungible Token provides an immutable record of authenticity and provenance for each of the 21 works in the SPYMASTER limited edition.

Get more insights on the auction sale performance and the SPYMASTER series with the Global Luxury Watch Dashboard.