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“You never really own a Patek Phillippe”, the 1996 magazine advert read, “You simply look after it for the next generation”, a quote emblematic of the ethos of the Genevan watch brand worn by princes, sheikhs, presidents, and the world’s “Who’s Who”. The Nautilus was introduced in 1976, during the peak of the “quartz crisis”, a time during which mechanical watches were rapidly dropping in popularity in favour of the more precise and significantly less costly battery-powered watches of the time. It was the company’s first sports watch, a major shift from its dress-watch pedigree. The Nautilus, named after the submarine featured in Jules Verne’s novel “20,000 Leagues Under the Sea”, would lift the brand from the depths of a horological depression, while perpetuating its tradition and heritage.
Today, the Patek Philippe Nautilus, across all variations, is the hardest sports wristwatch to buy. To purchase a Nautilus today from Patek Philippe, one needs to have developed a trusted relationship with the brand that spans years. With no details relating to supply and most allocations going to trusted collectors, secondary markets have seen models trading 3-5 times over MSRP. It remains a grail for traders and collectors alike.
* Estimate based on brand index from WatchCharts.
Watch models in this market: Nautilus 5711, Nautilus 5712, Nautilus 5990, Nautilus 5712G, Nautilus 5980R, Nautilus 5980/1R, Nautilus 5980/1AR, Nautilus 5980/1A, Nautilus 5740, Nautilus 5990/1R.
The Submariner is an iconic watch from the Rolex line that will forever be cemented in history as the quintessential diving watch. Debuting at the 1954 Basel Watch Fair, it was the first wristwatch to be waterproof to 100 meters. Throughout the 60’s and 70’s, one could see the Submariner adorn the wrists of actors Sean Connery and Roger Moore in the James Bond series of films. Today, the Submariner is one of the most copied and homaged watch designs, with demand for the Rolex Submariner - still included in Rolex’s Oyster Perpetual line - greatly exceeding available supply.
As with other wristwatches that have earned a cult following from collectors, the Rolex Submariner trades in excess of its original retail price in so-called “grey markets” of resellers. Many watch collectors turn to the Submariner as a store of value, while traders use its trading price as an indicator of consumer spending sentiment.
* Estimate based on brand index from WatchCharts.
Watch models in this market: 124060, 126610LN, 14060, 116610LV, 1680, 122610LV, 16610LV, 116610LN.
It is 1651, King Charles II of England hides in a hallowed tree, narrowly escaping the pursuit of the Roundheads following the Battle of Worcester. It is after this tree, the Royal Oak, that the Royal Navy would name eight of their ships. In 1971, Gerald Genta, tasked with reviving the declining watch maison of Audemars Piguet with a sports watch, would christen his 8-sided design with the very same name. The launch of the Royal Oak in 1972 would breathe new life into Audemars Piguet, which was in crisis due to more accurate, Japanese, quartz-operated watches flooding the market at the lowest price points. The Royal Oak shocked the watch community with its disruptive design, visible gasket and screws, and the retail price that was ten times higher than a Rolex Submariner. Against all odds, it was a resounding success and inspired an entirely new watch design philosophy across the watchmaking world.
The Royal Oak, with its rich history, Swiss pedigree, and modern design, is one of the most sought-after watches from Audemars Piguet. However, like many Swiss watchmakers, the brand struggles to meet the demand of consumers. Watchmaking is a craft that takes decades to master, and while wristwatches grow in popularity as investments and accessories, the talent pool of watchmakers dwindles.
* Estimate based on brand index from WatchCharts.
Watch models in this market: 15500ST.OO.1220ST.02, 15500ST.OO.1220ST.01, 15500ST.OO.1220ST.03, 15500ST.OO.1220ST.04, 15400ST.OO.1220ST.03, 15400ST.OO.1220ST.01, 15400ST.OO.1220ST.04, 15400ST.OO.1220ST.02 , 15500OR.OO.1220OR.01, 15550ST.OO.1356ST.04, 15400OR.OO.1220OR.03, 15400SR.OO.1220SR.01.
In 1962, U.S. President John F. Kennedy proclaimed “We choose to go to the moon”, marking the start of the Space Race. For Rolex and other watchmakers, it was a race to develop a wristwatch fit to serve an astronaut. The Omega Speedmaster was selected over the Rolex Cosmograph Daytona, and Rolex shifted their attention to motor-racing, having recently become the official timekeeper of the Daytona International Speedway. The Daytona would be worn by famous actor and race-car driver Paul Newman, whose personal watch would sell for a record $17.8M at Phillips auction house in 2018.
The Rolex Cosmograph Daytona has become one of the most sought-after chronograph wristwatches in the world, with every model variant offered by Rolex boasting multi-year waiting lists, and eye-watering high grey market prices. Traders can expect volatility in Daytona’s secondary market pricing, as it was once one of the overvalued models relative to the original MSRP.
* Estimate based on brand index from WatchCharts.
Watch models in this market: 116500LN, 116520, 116506, 116595RBOW, 116505, 116523, 116503, 116509, 116508, 116519LN, 116518.
Richard Mille is a new-age watch brand established in 2001. Unlike traditional Swiss watchmakers, Richard Mille, the eponymous owner of the brand, was inspired by technology, aeronautics, and cars and developed the brand’s DNA to reflect those passions, aiming to innovate. Through extremely limited releases, extensive research and development, and a close network of customers, the brand rose to notoriety as a boutique watch brand that manufactured watches for the ultra-wealthy. The watches were known for being lightweight, complicated, and fit to be worn by top Formula 1 drivers, cyclists, skiers, golfers, and tennis players. The brand produces approximately 4,000 watches a year, with an average retail price exceeding $200,000.
The secondary market for Richard Mille fluctuates greatly owing to such a limited supply. Models frequently trade close to retail and, in economic downturns, can sometimes be found below MSRP. However, in bull markets, Richard Milles quickly become some of the hardest watches to find.
* Estimate based on brand index from WatchCharts.
Watch models in this market: RM055, RM030, RM11, RM010, RM029, RM61, RM035.
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Frequently Asked Questions
Each watch market tracks the secondary sales of several related watch models. This includes listings by authorized dealers as well as trustworthy peer-to-peer sales across many websites. These prices are aggregated, filtered, and combined into one weighted index.
Since we build on top of blockchain technology there is full transparency. You can see the market price of any past trade. It’s easier to build trust when you can verify everything yourself.
No, there are zero trading fees on Morpher! You can trade as much as you want across all our markets. Keep in mind you may still encounter losses from market spreads, token risk (see disclaimers), and deposit fees when using services like PayPal.
Everything runs on the Morpher Protocol: it’s built on blockchain technology and powered by the MPH cryptocurrency. In short, we built a virtual financial system to get rid of all the middlemen and create incredible new markets.
Virtual Markets
Virtual markets are automated bits of code that track datafeeds and settle investments. Instead of waiting for someone to sell you a stock or a watch - you place a bet directly on the market. If the price goes up, you get more tokens, if it goes down, you get less. There’s no counterparty, no delays, it’s trustless and automated. Rolex Submariner is just one example of a virtual market on Morpher.
MPH Token
Every trade on Morpher is placed and settled in MPH tokens. Just like dollars or euros, MPH inflates and its price can change. Since all trades are placed in MPH, your investment is subject to these token price changes. MPH makes it possible to invest any amount on any market at any time.
Unlike other alternative asset platforms, Morpher does not require a minimum investment. You can start trading with any deposit and get the exact same price and returns. Keep in mind that full account access and withdrawals unlock after depositing over $50.
You can use Morpher in many countries around the world. However, Morpher is not available in the United States (see unsupported countries).
All investments involve risk, please consider these risks carefully before investing. Morpher is a financial technology company, not an exchange, brokerage, or custodian.
Virtual Markets: Any financial markets mentioned are only available as Virtual Markets. Virtual Markets are synthetic instruments, built using blockchain protocols, that grant users exposure to the price development of various assets. Virtual Markets do not provide ownership or any investment claim to the assets they may be derived from. Virtual Markets are not tradable, transferable, or standardized. Virtual Markets are not derivatives, CFDs, securities, derivative securities, money-market instruments, or any other financial instrument under MiFID II and the Austrian Securities Supervision Act. Virtual Markets are not options, futures, swaps or forward rate agreements because there is no obligation for future performance at a certain or designated future date.
Watch Markets: Watch markets are a type of virtual market that tracks the price of secondary watch sales. Like virtual markets, watch markets are not securities or investment vehicles. Buying these markets does not provide ownership or any investment claim to the assets they may be derived from. Historical performance and past ROI estimates do not guarantee future returns. The composition of each watch market may change. Trade settlement requires a live price update which usually takes less than a minute but could take longer.
Zero Trading Fees: Morpher does not charge users any commissions to trade. Trades may incur a spread, however Morpher does not collect or profit from them. Spreads are variable and subject to change. Users may incur fees from non-trading transactions such as deposits and withdrawals, especially when involving third-party services or third-party blockchains.
No Minimum Capital Requirement: You may invest any amount greater than 0.01 MPH in each market. This is separate from account requirements. For example, to transfer funds off the platform, you must meet the minimum deposit threshold of $50. Account requirements are subject to change, please see help center for the most up to date details.
Portfolio Value: Your investment portfolio on Morpher is not a bank-insured deposit. Returns are not guaranteed, your portfolio may lose value. All investments are denominated in Morpher Tokens (MPH) and subject to currency risks. You are the custodian of your own funds, Morpher does not safeguard any private cryptographic keys on behalf of users, including wallets that hold Morpher Tokens.
Currency Risk: Your account with Morpher will be held in Morpher Tokens (an ERC20 cryptocurrency), accordingly you should be aware of cryptocurrency price fluctuations. Morpher Tokens could result in a loss for the user placing a trade on the Virtual Market, even if the prediction of the underlying's development was correct.
No Counterparty: Morpher is not an exchange, brokerage, or custodian. Users place trades by interacting directly with a blockchain protocol, there is no order matching. Users can close their positions independently, without the need to find a counterparty or intermediary for their trade.
Some of the features listed may be subject to additional conditions and restrictions, and may not be available for all accounts.
