The second-hand watch market. It’s as close to the Wild West of watchmaking that you can get in what is generally a relatively sedate trade. In a world full of fakes and scammers, there are several important things you need to be on the lookout for, chief of which is provenance. Does your purchase come with proof of authenticity and ownership? In an increasingly digital world certificates can be easy to lose, so why shouldn’t provenance be digital as well? Enter the Luxe Watches NFT service.
When you purchase a watch from Luxe Watches, you can send them a request for an NFT correlating to the sale, which takes approximately three weeks to produce. The NFT will include your Customer ID (maintaining your privacy), the date of the transaction, the watch model, a Luxe Watches reference, price paid and a photo of the watch. It functions as proof of ownership and can be transferred to new owners should you sell the watch down the line, creating digital provenance.
So, the only question that remains is what timepiece are you going to pick up with some new digital provenance? For inspiration here are five watches that are currently available at Luxe Watches, at the time of writing. If you’re quick maybe you can snap one up for yourself.
Rolex Oyster Perpetual Cosmograph Daytona, £29,495
One of the biggest movers on the second-hand market that practically always retains its value is the iconic Rolex Daytona. Not only is it one of the most stylish chronographs in the world, but this black and white version with cerachrom bezel is a signature look for the watch in the modern era. Also, everyone has come across a fake Rolex so adding some digital provenance to yours in the form of an NFT is a no brainer. Who doesn’t want a Rolex Daytona NFT? It also comes with the traditional box and papers if you aren’t ready for the Crypto revolution just yet.
Patek Philippe Nautilus Platinum ‘40th Anniversary’, £POA
If there’s ever a watch that you want an abundance of authentication of before you buy it, it’s a Nautilus. Especially a limited edition one like this 40th anniversary model, limited to 700 pieces worldwide. It has a 40mm platinum case and a classic blue dial with baguette cut diamond indexes on a platinum bracelet. Sure, the steel version is the most sought after, but if you’re going to go Patek, why not go the whole distance and indulge in some precious materials.
Richard Mille RM055 Bubba Watson TI White Edition, £POA
Richard Mille occupy an almost unique position in the world of high end, luxury sports watches in that they can actually be worn while playing the sport they were designed for – just look at Nadal and his RM. The Bubba Watson TI White Edition’s highly skeletonised movement was specifically tested to ensure it can withstand accelerations of 5000 g’s to make it suitable for golf. If you want to impress the clubhouse with an RM, why not show off your NFT collection too with some digital provenance.
Rolex Oyster Perpetual GMT-Master II ‘Root-Beer’, £42,495
Back to the watch brand with the crown, the other thing to bear in mind is that certain references or colourways are more desirable than others. For the Submariner it’s the Hulk and for the GMT Master II it’s the Pepsi Cola, however, another notable colourway for the GM Master II is the Root-Beer. The combination of 18k rose gold and a dark dial paired with a brown day/night 24-hour bezel creates an earthy and attractive design, gold that isn’t too flashy.
Audemars Piguet Royal Oak Perpetual Calendar 41mm White Ceramic, £POA
Another icon that’s available is this Royal Oak from Audemars Piguet. Its blue Grande Tapisserie dial and white ceramic case has a space age aesthetic, like a gadget worn by an astronaut. Which is apt considering it has a moonphase function at 6 o’clock, along with days, date, weeks, months, and leap years spread across its other subdials and scales. And as it’s a perpetual calendar, it practically won’t require alteration so long as it stays wound. The nice thing about Luxe Watches NFT service with a watch like this is that it will make the watch genuinely unique in its digital provenance, no other watch will have that NFT.
To receive your NFT you will require an account with OpenSea, an NFT trading platform. More details at Luxe Watches.