January 14, 2019
Remember the Ressence Type 2 smartwatch? The one that was unveiled early in 2018, and designed with the help of iPod co-creator Tony Fadell? The watch’s creators promised to solve some of the long-standing problems with high-end mechanical timepieces–and also hinted that the Type 2 would have a matching price tag.
Well, almost exactly a year later, we’ve learned that the watch will cost $48,800 when it debuts next April. That’s 32 times the price of the most expensive Apple Watch, the $1,500 Hermes Series 4.
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“We need a user-friendly — no, a ‘user-delightful’ — tool to bring digital asset security to the rest of us, not just the geeks,” said Fadell.