A Watch Collector Turns His Patek Philippe Nautilus Into an NFT

This Patek Philippe NFT is to be auctioned off on SM-ART’s platform.

A watch collector belonging to the Middle East just created the first-ever NFT of his Patek Philippe Nautilus, a model that has already been discontinued a long time ago. The private watch collector now hopes to auction off the NFT in collaboration with SM-ART over three days in the mid of November.

Regarding this, the co-founder of SM-ART, Danny Sangha, stated, “When we were approached by the owner to help him create an NFT for his Nautilus watch, we jumped at the opportunity.”

He further added, “Our entire mission for this platform is to bring fine art, rare collectibles, and objets d’art back into the world again. So many beautiful pieces sit in vaults hidden away from public view – never seen and never appreciated.”

With the NFT, people can invest in a small piece in the history of watchmaking. Overall, the Patek Philippe Nautilus is no less than a rare gem. This watch is not in production anymore. Yet, the fans of Patek Philippe continue to appreciate the uniqueness and value of the Nautilus.

Considering that, one can say that the NFT of Patek Philippe Nautilus is going to be high in demand as well. After all, it is a reinvention of the rare Nautilus onto a totally new format.

Sangha also said, “The NFT of the Patek Philippe Nautilus is as groundbreaking and unconventional as the watch was in its time, and we wanted to pay homage to that.”

People can buy NFT asset tokens from as low as $100 USD. The concept behind it is single. The asset ownership is broken down into fractions via the ERC20 protocol, which is then open for trading. People who are interested can get the asset token NFTs using various cryptocurrencies.

According to SM-ART, a realistic value for the Patek Philippe Nautilus would be around $100,000 USD. Furthermore, SM-ART will get a 3% stake, which applies to all the physical objects that they sell after fractionalizing.

Other than the Patek Philippe Nautilus, the company also keeps various other physical assets that are visible on its website.