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.

(Press Release)