Luxury watches from well-known manufacturers have been an exciting investment opportunity for several years. 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.

Patek Philippe produces around 62,000 watches a year. Watch production has quadrupled since the 1970s. However, the supply does not cover the demand by far, which leads to long waiting lists. The manufactory ensures that the watches remain collector's movements and only marginally increases the production figures. This also allows them to keep the quality at the highest level. 
 
The watch was released in 2015 at the famous Basel World. 
 
The Ref. 5905P is a complicated wristwatch with functions that are also highly useful in daily life. The master complication of the watch is the patented annual calendar mechanism. This only needs to be manually adjusted once a year.

The price of € 77,200 includes the Splint Invest platform fee and external maintenance costs of € 6,450. € 70,750 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, storage, and insurance.

Variable Costs

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

20115 Patek Philippe Annual Calendar Chronograph - (Ref. 5905P-010)

The demand for luxury watches remains consistently high. The supply on the second-hand market and in the new watch business cannot meet this demand. Still, endless waiting lists to buy the most sought-after watches at regular retail prices testify to the massive excess demand. 
 
The Annual Calendar Chronograph 5905P-010 by Patek Philippe is a masterpiece of special equilibrium and has achieved an increase in value of 25.7% in the last 12 months alone.

Return

For the past twelve months, the Annual Calendar Chronograph – reference 5905P-010 shows price fluctuations of 10.2 %. 
 
In comparison, the S&amp;P500 index shows a price fluctuation of almost 25 %, which underlines the stability of the asset.

Stability

This masterpiece achieved an increase in value of 25.7 % last year.

Three reasons to invest

<ul>
	<li>The reference 5905P-010 has achieved an average annual appreciation of 17.1 % over the last three years.</li>
	<li>64&nbsp;models have been traded on the secondary market in the last 12 months.</li>
	<li>With a historical value fluctuation of 10.2 %, the watch offers stability.</li>
</ul>

Patek Philippe, Annual Calendar Chronograph, Ref. 5905P-010

Founded in 1839, Patek Philippe is the last family-owned watch manufacturer in Geneva. It is one of the most popular watch brands in the world. 
 
Due to the limited production, the watches have also been popular with investors for decades. The Patek Philippe index reaches an average annual appreciation of 27 % over the last 5 years.

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.

Patek Philippe, Annual Calendar Chronograph, Ref. 5905P-010

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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