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investors
Timeless is a Berlin app where you buy €50 shares in physical collectables: watches, art, trading cards, whisky, cars, sneakers, gems and fossils. It is run by New Horizon GmbH, founded in 2018. You become a legal part-owner of the object itself, recorded as a digital token. You are not a lender: there is no interest, no maturity date and no one who has to pay you back. As of 25 October 2026 the app shows 1,030 objects financed, €46.7 million of shares issued and 477,432 users (a user count, not a count of investors).
Timeless buys an object, stores and insures it, and sells it in €50 shares. You choose the objects, or use a monthly savings plan from €50 that spreads money across categories you pick. You make money only if the object is later sold for more than you paid. Timeless looks for buyers; when an offer matches its own valuation, the part-owners vote, and more than half must agree to sell. If no acceptable offer comes, you simply keep holding. The platform speaks of 12 to 36 months for watches and up to seven years for whisky; its home page says typically two to eight years.
Timeless shows an average return of 23% on objects it has sold (October 2026). This is the total gain per object, not a yearly rate: the average object was held 21.26 months. It covers 18 completed sales plus 2 pending, worth €3.04 million, with gains from 9.99% to 76.74% (a signed LeBron James card). The page shows no dates and no method, and the figures are before the service and management fees you pay when you buy. In August 2026 the same page showed 24% to 25%. Independent tracking of company data from 2024 points to a typical gain of about 17% per sale before fees and about 12% after. Above all, these results cover only the small share of objects that have been sold: 18 of 1,030 objects financed, under 2%, calculated from the platform's own figures.
Timeless publishes no figure for losses, failed sales or objects worth less than investors paid. Every sale it shows is a gain. The real exposures are elsewhere. First, most objects have never been sold, so most investors have no result yet. Second, watches stolen in a Berlin vault burglary on 19 November 2022 are still frozen: their part-owners cannot sell or trade them. The insurer rejected the claim in June 2025, Timeless is suing it before the Regional Court Berlin II, and there is no date for any payout (update of 15 October 2026). Nothing has been recovered so far.
You own a share of a physical object, not a loan, so there is no borrower, collateral, buyback or reserve fund. What protects you is the object itself, its storage and its insurance. Objects are insured and stored in places kept confidential. Their value is set by Timeless from comparable offers and auction results; no independent valuer signs off the price. The insurance claim belongs to Timeless alone, and part-owners cannot claim individually. The 2022 burglary shows what that means in practice: almost four years later the affected owners have not been paid. Timeless says the objects would stay yours if it failed; this has not been tested.
New Horizon GmbH (Berlin, commercial register HRB 199884 B, registered 20 September 2018) runs the app; its managing director is Malte Häusler. It holds no licence of its own. It acts as a tied agent under the liability of CONCEDUS GmbH in Nuremberg, a securities firm supervised by Germany's financial regulator, BaFin. Timeless gives its tied-agent register number as 80174023. It is not authorised as a crowdfunding provider under the EU crowdfunding rules. The company's shareholders include Porsche, Volkswagen and an investment arm of Berlin's state development bank (company register, 2026).
Fees are charged when you buy. A service fee of 2% applies to every purchase. A one-off management fee comes on top: 1% for digital collectables, 2% for sneakers and cards, 3% for watches, wine and spirits, 4% for memorabilia, 5% for art and 6% for cars (fee page dated May 2024). On the in-app market the buyer pays 2% plus 2%; selling is free. The purchase price itself is set by Timeless and includes its own costs of finding and preparing the object, so the object must rise in value by more than these amounts before you gain.
Usually you cannot get out when you want to. Money comes back only when Timeless sells the object after a vote, and there is no deadline for that. You can offer your shares on the in-app market at your own price at any time, but there is no market maker and no buyer is promised. Independent tracking of trades from 2024 points to prices about 10% below the platform's own estimated value. Shares in the stolen watches cannot be sold at all.
Return: Very High — the average gain on sold objects is 23% over about 21 months, though only for the under 2% of objects that have sold, and before fees. Risk: Very High (higher means more risk) — no loss figure is published, the sales record shows only gains and has no dates, and owners of watches stolen in 2022 are still waiting for money with the insurance refused. Risk-return: Low — a very high return does not make up for a very high risk: the high average comes from a small, selected group of sales, while most money is still tied up in unsold objects.
License / Regulation: New Horizon GmbH holds no licence of its own. It acts as a tied agent under § 3(2) of the German Securities Institutions Act (WpIG), exclusively on behalf and under the liability of CONCEDUS GmbH, Nuremberg, a securities firm supervised by BaFin. Tied-agent register number 80174023, as stated by the platform. Not authorised as a crowdfunding service provider under Regulation (EU) 2020/1503. No deposit guarantee or investor compensation scheme covers losses on the objects.
Partly. New Horizon GmbH, which runs Timeless, has no licence of its own. It works as a tied agent of CONCEDUS GmbH, a securities firm supervised by Germany's regulator BaFin. Timeless is not an authorised crowdfunding provider under the EU rules, and no compensation scheme covers losses on the objects.
The payment provider is not named; the terms say only that payments go through regulated payment providers. Where your cash balance is held is not disclosed. Once you buy, you own a share of the object, which Timeless stores and insures in places it keeps confidential.
€50 per share. A monthly savings plan also starts at €50.
Objects sold so far gained 23% on average over about 21 months, before fees (October 2026). That covers 18 completed sales out of 1,030 objects financed. No loss figure is published, every sale shown is a gain, and watches stolen in 2022 are still frozen with no payout date.
Nothing in the sense of a loan: you own a share of a physical object, with no buyback or reserve fund. The object is insured and stored, and valued by Timeless itself, not by an independent valuer. The insurance claim belongs to Timeless alone; after the 2022 burglary the insurer refused to pay and affected owners have received nothing so far.
Only if another user buys your shares on the in-app market. You set the price and selling is free, but no buyer is promised and independent tracking from 2024 points to prices about 10% below Timeless's own estimate. Otherwise you wait until Timeless sells the object after a vote, with no deadline.
When you buy, a 2% service fee plus a one-off management fee of 1% to 6% depending on the category (3% for watches, 5% for art, 6% for cars). Buyers on the in-app market pay 2% plus 2%; selling is free. The purchase price also includes Timeless's own costs of finding and preparing the object.
Timeless says the objects belong to their part-owners and would not fall into its estate. This has not been tested. You would depend on the objects being found, valued and sold, which could take a long time, and no compensation scheme would cover a shortfall.
Watches held for investors were stolen in a Berlin vault burglary on 19 November 2022. Their shares cannot be traded. The insurer rejected the claim in June 2025 and Timeless is suing before the Regional Court Berlin II. As of 15 October 2026 there is no date for any payout.
