Luxury watches from well-known manufacturers have been an exciting investment opportunity for several years. According to reports from the Boston Consulting Group, these watches recorded an average annual appreciation of 20% between 2018 and 2023, positioning them significantly ahead of the S&amp;P 500 (8% per year). 
The popular steel models from Rolex are so out of stock that enthusiasts are willing to pay a considerable premium on the secondary market. Especially popular are watches that do not yet show any noticeable signs of wear and are in good condition. In cooperation with our partners, we can guarantee the authenticity and quality of our assets. 
 
Exclusivity 
The watch should have been produced by one of the well-known Swiss watch manufacturers and should also enjoy a certain degree of recognition among buyers. In the best case, we buy a watch that is not directly accessible on the secondary market and can therefore be sold profitably at the end of the investment horizon. 
 
Quality 
When buying watches, we make sure that the watch has never been worn or is in very good condition. Furthermore, we only buy watches for which the original papers and packaging (the so-called box) are included in the purchase price. This is the only way we can guarantee the authenticity of the watch. 
 
Production quantities 
The most exciting watches are those that are only produced in small quantities or for which we assume that production will cease completely within our investment horizon. As soon as this happens, we can offer our investments on the secondary market with a price premium.

Brand

Model

Edition

Condition

Box & Papers

Year of manufacture

Material

Case diameter

Water resistance

Splint Invest Platform Fee 
Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
 
Variable costs 
To ensure the highest standards of storage, maintenance and insurance, we undertake to make all arrangements ourselves on your behalf. However, these costs will be shared proportionately between the splint owners. For example, if you own 1% of the watch, you will be charged 1% of the relevant costs. No additional payment is required. The splint price of 50 EUR already takes into account the running costs, which we have to pay in advance. The remainder is included in the profit calculation at the end of the investment horizon. For further details and breakdowns, please see the factsheet. 
 
Exit fee 
We charge a flat fee of 2% on sales. This includes sales on the secondary market. This fee covers our costs of maintaining the secondary market and organising the sale of the assets at the end of the contract on our side. There is no performance fee. We aim to select assets that offer steady and sustainable growth over the long term and avoid any incentive to take on more risk with your money.

The Rolex "Smurf" Submariner 116619LB was first presented at Baselworld in 2009 and is distinguished by its characteristic blue colouring. The white gold finish and the Cerachrom bezel were absolute novelties in the Rolex universe at the time. 
 
The Submariner 116619LB can be seen as a departure for innovative forms in the success story of Rolex's famous diving watch. Although it is one of the company's characteristics to be somewhat conservative in the design of its models, Rolex is open to innovations. Using Cerachrom, a ceramic developed in-house, for the bezel shows that Rolex is not resting on its laurels. 
 
The decision to produce a Submariner model in white gold goes back to an idea of the Rolex developers from the 1960s. At that time, they considered offering references in precious metal in addition to the classic stainless steel model. However, after a few prototypes in white gold, Rolex preferred to turn to series production in yellow gold, which was in line with the trend for gold wristwatches. 
 
However, in the last two decades of the millennium, the demand for stainless steel models increased sharply. With the Submariner 116619LB in white gold, Rolex fulfilled the desire for exceptional luxury watches with an unexciting look.

The price of € 40,600 includes the Splint Invest platform fee and external maintenance costs of € 3,500. € 37,100 can be allocated to the watch. 
Platform Fee Splint Invest:&nbsp;Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
External maintenance costs: Shipping, handling, as well as&nbsp;storage and insurance over the whole investment horizon.

Variable Costs

Berner Kantonalbank AG BEKB | BCBE, Bundesplatz 8, 3011 Bern

30106 Rolex Submariner 116619LB

Rolex Submariner Date models are highly sought after, and the annualized price of these models has risen by over 12.5% per year over the last 5 years. 
 
The reference 116619LB exceeds this value again by 6.8%.

Return

For the past twelve months, the Submariner Date shows price fluctuations of 11.1%. 
 
In comparison, the S&amp;P500 index shows a price fluctuation of almost 25%. The volatility of the watch is significantly below the one of the stock market.

Stability

Production of this masterpiece, nicknamed the Smurf, ceased in 2020.

Three reasons to invest

<ul>
	<li>Reference 116619LB&nbsp;has achieved an average annual appreciation of 22.5%&nbsp;respectively 19.3%&nbsp;over the last three respectively five years.</li>
	<li>Over 285&nbsp;models of the reference 116619LB&nbsp;have been traded on the secondary market in the last 12 months.</li>
	<li>This reference shows high price stability with a volatility of 11.1%.</li>
</ul>

Rolex, Submariner Date "Smurf", 116619LB

Founded in 1908, Rolex manufactory produces the most famous and popular watches in the world. Due to the limited production, the watches have also been popular with investors for decades. 
 
The Rolex index achieves an average annual increase in value of 15% over the last 5 years.

Track Record

The world’s leading watch house, The 1916 company is home to the greatest collection of luxury watches, all certified authentic and Collector Quality.

The 1916 company is not a marketplace, they are the market leader. This means they own every watch they sell, allowing them to set superior standards across the globe. With offices in the United States, Hong Kong, Singapore, and beyond, their selection is ever-changing with thousands of luxury watches available at any given time. 
 
Unrivaled Selection 
The 1916 company is not a marketplace; they own every watch that they sell. This allows The 1916 company to implement a true global quality standard, and as one of the largest buyers of pre-owned watches worldwide, their selection is ever-changing with thousands of pieces from the best brands available.

The 1916 company

Senior Client Advisor 
 
I am Sami Lachhab and I have been a Client Advisor for The 1916 company Switzerland since 2018. Prior to The 1916 company , I studied Watch Engineering for 3 years at the Engineering school of Neuchâtel. I began on the technical side and finished my Bachelor's degree with a Research and Development Project at Panerai. Prior to that, I worked in the Aeronautic/Medical industry near Zürich in the field of material processing in a technical laboratory of control. After over one year working there, I decided to jump into studies again in a field that fascinates me. I always knew I wanted to be in the sales field but I wanted to get my engineering degree before jumping into the sales world which I did by joining the The 1916 company team right after the end of my studies. 
 
The development of such technically advanced instruments has always fascinated me. I then discovered the investment side of that business which is also very interesting, why certain models hold value when others don’t, helps to understand a lot about the industry. This understanding helps me give the right advice to my clients when it comes to making a decision on their next pieces. 
 
FPJ is driven in a very clever way in addition to the fact that quality and aesthetic codes are at their finest. This is a young brand that gets a place at the big player's table, and I respect that a lot. The consistency of their collections is a huge part of their success today. The Journe story is also very inspiring for today’s young talents which I think is very important for the future of the watch industry.

This is an investment opportunity in which we have recalculated the expected performance given by the external expert (WatchBox Switzerland Ltd) and have thus checked whether a positive return can be expected after deducting all costs for storage and insurance. Furthermore, we have verified the existence, proper storage and insurance of the watch.

Rolex, Submariner Date "Smurf", 116619LB

Asset's Life Cycle Details

Storage location

Asset ID

Token terms

Expert

Category

Status

Total number of Splints

Date of issuance (launch)

Issue price per Splint

Investment horizon in years

Time period for the divestment

Documents

Aurelio

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