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.

Watch no.

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 manufacture Audemars Piguet was founded in 1875. The Royal Oak celebrates its 50th anniversary in 2022 and is one of the most popular watches in the world. 
 
Audemars Piguet produces a maximum of 40,000 watches per year, with only a fraction of those being Royal Oaks. By comparison, Rolex produces around 1,000,000 watches annually. 
 
The Royal Oak is an exclusive watch that adapts to its owner's lifestyle, not the other way around. While this may seem almost commonplace today, it was not a given in the early 1970s. Although the divide between sporty and elegant watches seemed insurmountable at the time, it was generally customary to eliminate all differences during the cultural change of the era. 
 
The Royal Oak was the first timepiece designed as a high-end sports watch. Since then, it has repeatedly reinvented its stylistic features, leaving its unmistakable mark in every era. 50 years later, the collection comprises more than 500 models, a retrospective of five decades of creative design. 
 
In honor of its groundbreaking debut in 1997, the Royal Oak Chronograph with reference 26331IP, an esteemed symbol of contemporary haute horlogerie, receives a special treatment for its 20th anniversary. This version features an all-titanium case, a two-tone "Grande Tapisserie" dial design, and a polished 950 platinum bezel and links. The watch is equipped with a screw-locked crown, a glareproofed sapphire crystal, and a titanium bracelet with polished 950 platinum links and a titanium AP folding clasp. 
 
Return and cost calculation

&nbsp;

<ul>
	<li>Total value €93,800</li>
	<li>Expected value after 7 years (balanced) €219,450</li>
</ul>

<ul>
	<li>Total fees €10,339</li>
	<li>Fees 11.0%</li>
</ul>

<ul>
	<li>Annual fees 1.6%</li>
	<li>Annual return 11.6%</li>
</ul>

The price of € 99,750 includes the Splint Invest platform fee and external maintenance costs of € 6,950. € 93,800 can be allocated to the watch. 
Platform Fee Splint Invest: 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 storage and insurance over the whole investment horizon.

Variable Costs

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

30111 Audemars Piguet Royal Oak 26331IP

Given the unwavering fascination with the revolutionary design among watch enthusiasts and the limited supply, we see significant upside potential for this watch. Over the past five years, the Royal Oak models have averaged an annual value increase of 36.5 %. 
 
This anniversary reference is limited to only 500 pieces.

Return

On the secondary market, the reference 26331IP sells within 43 days on average. The high liquidity underlines the demand and has a positive effect on price stability. 
 
Over the past twelve months, the Audemars Piguet Royal Oak – reference 26331IP has shown price volatility of 23.4 %.

Stability

Released in: July 2023 
 
This limited reference was released in 2017 to commemorate the 20th anniversary of the introduction of the chronograph complication.

Three reasons to invest

<ul>
	<li>Royal Oak Models from Audemars Piguet have achieved an average annual appreciation of 36.5 % over the last five years.</li>
	<li>This anniversary reference is limited to only 500 pieces.</li>
	<li>This investment has a yearly potential of +11.6% over 7&nbsp;years and is associated with approximately 1.6% annual costs.</li>
</ul>

Audemars Piguet, Royal Oak, Ref. 26331IP

Audemars Piguet was founded in 1875. The Royal Oak celebrated its 50th anniversary in 2022 and is one of the most popular watches in the world. 
 
Audemars Piguet's production output is a maximum of 40,000 watches per year. Only a few of these are Royal Oaks. Rolex produces around 1,000,000 watches a year.

Track Record

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

WatchBox 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 
WatchBox is not a marketplace; they own every watch that they sell. This allows WatchBox 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.

WatchBox

Senior Client Advisor 
 
I am Sami Lachhab and I have been a Client Advisor for WatchBox Switzerland since 2018. Prior to Watchbox, 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 WatchBox 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 a concrete 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.

Audemars Piguet, Royal Oak, Ref. 26331IP

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

Do you have questions?