Spinnaker Fleuss 40 Seconde/Seconde/ 2026 Edition: The Fifty Phantoms Go Into Hiding

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Spinnaker has spent the last few years treating its dive watches as a canvas. SpongeBob, Snoopy and Popeye have all taken turns on the dial, and the brand’s licensed character runs have mostly leaned on the pull of the IP rather than on anything new in the watch underneath. The Halloween collaboration with Paris customiser Seconde/Seconde/ has been the exception: an October fixture since 2023 that collectors now plan around.

Even that series has followed a fairly fixed pattern, though. The ghosts glowed on the dial in a Halloween palette, and the familiar Fleuss case did the rest of the work. The new Fleuss 40 Automatic Seconde/Seconde/ 2026 Edition changes that. It turns the fifty phantoms into a game of hide-and-seek across two versions, a loud CRAZY dial and a restrained QUIET one, and wraps both in a white ceramic bezel shaped like the hem of a ghost’s robe. It is a $600 limited-edition diver for people who buy watches partly for the joke, and one of its two versions makes a case for itself even if you don’t.

This is the fourth edition, and the first that tries to be two genuinely different watches for two different buyers.

Seconde/Seconde/ Is a Self-Described Vandal, and That Is the Appeal

Seconde/Seconde/ is Romaric André, a Parisian who came to watches through vintage pieces. His trademark is swapping the seconds hand of an old watch for a tiny piece of art, from 8-bit sprites to a Millennium Falcon sweeping around a 1950s Zenith chronograph. His own website describes him as a vandal rather than an artist.

That irreverence is what brands pay for, from Bamford’s Bad Form GMT to a Q Timex, and each time the joke sits on top of a straight-faced watch. Spinnaker is a natural partner because the Fleuss is itself a homage to the Blancpain Fifty Fathoms. The 2023 debut was called 50 Phantoms for exactly that reason, and it replaced the depth rating on the dial with the words “No Feet.”

The 2023 original was a 43mm Fleuss with a Seiko NH38, limited to 670 pieces at $445. In 2024 the series moved to the 40mm case, kept the $445 price, and hid a date wheel fixed at 31 that only appeared under UV light. Last year split into two cases: the 40mm Phantom Steel with a Miyota 9015 at $525, and the 43mm Phantom White with a Seiko NH35 at $475.

The 2026 edition drops the larger case, moves to the Miyota 9039, and asks $600 for both versions. That is roughly 35 percent more than the first edition in three years. Some of that is visible in the spec sheet, with ceramic replacing glass and steel at the bezel and a box sapphire on top. Some of it probably reflects the rising cost of affordable mechanical movements, although Spinnaker hasn’t broken down its pricing and it wouldn’t be fair to pin the whole increase on that.

CRAZY Puts Its Ghosts on Show, QUIET Actually Hides Them

The CRAZY (SP-5195-11A) uses a multi-layer white dial with printed and embossed ghosts in blue, white, green and yellow, stacked between the base and the crystal and fully luminous. It is limited to 1,500 pieces and measures 12.15mm thick, the extra height presumably going into those dial layers.

The QUIET (SP-5195-11B) does the opposite. A matte white dial with applied silver indexes keeps its phantoms invisible until you point the included UV torch at it. It is limited to 850 pieces and comes in slightly slimmer at 11.8mm.

On paper, the QUIET is the stronger watch and the more honest take on the brief. The whole concept is that finding the fifty phantoms is left to the owner, and the CRAZY leaves most of them hiding in plain sight. The QUIET also works as a clean white-dial diver for the other 364 days of the year, which no previous edition could claim. The CRAZY is the better Halloween party piece, and with 650 fewer pieces, the QUIET will likely be the harder one to get.

The unidirectional bezel is polished white ceramic, custom-moulded with a wavy outer edge meant to echo a ghost’s robe, and it carries Swiss Super-LumiNova along with the hands and applied indexes. Every earlier edition dressed up the dial and left the case alone, so this is the first time the humour reaches the watch’s silhouette.

It will divide people. A scalloped, polished white bezel pushes the Fleuss away from the tool-diver look, and if you liked it for its vintage skin-diver proportions, this is where the 2026 edition asks the most of you.

Same Movement as the Standard Fleuss 40, Less Water Resistance

Inside is the Miyota 9039, the no-date version of Miyota’s 9-series, running at 28,800 vph with hacking and hand-winding, visible through an exhibition caseback. It is also exactly what you get in the regular Fleuss 40 I reviewed in Royal Splash, which costs $500, measures 11mm thick, and is rated to 150m.

That comparison is the main reason for caution. The 2026 edition costs $100 more, sits 0.8 to 1.15mm thicker, and drops to 10 ATM. It wouldn’t be surprising if the box sapphire or the layered dial construction is what cost it the 150m rating, but Spinnaker hasn’t said. A 100m rating is still plenty for swimming. You are paying for the art and the box, not for a better diver.

The box is generous, to be fair: a steel bracelet with a fold-over safety clasp, an orange nylon strap, a white silicone strap (cut with phantom silhouettes on the CRAZY), the UV torch, and for the first time a glass display dome over a sculpted EVA-foam ghost.

Both versions are individually numbered, 0001 to 1500 for the CRAZY and 001 to 850 for the QUIET, and go on sale on October 16, 2026. A one-week pre-order then opens for a second, made-to-order run sized to demand.

So the printed numbers guarantee the size of the first batch, not the total number of watches that will exist. Spinnaker did the same in 2024 and 2025. If scarcity or resale is part of your reasoning, leave it out: the case for this watch rests on the design and the collaboration.

Specs, Pricing & Availability

My Take: Buy the QUIET, and Buy It for the Joke

If you have followed this series since the 50 Phantoms, the 2026 edition is the most complete one yet, and I’d pick the QUIET without much hesitation. It keeps the secret the concept promises and is the only Seconde/Seconde/ Fleuss that doesn’t announce itself as a Halloween watch from across the room. The CRAZY is for buyers who want exactly that. If what you want is a dive watch first, skip both.

The standard Fleuss 40 gives you the same movement, a thinner case and 50m more water resistance for less money. The bigger story is what this edition says about Spinnaker. Its best collaborations are the ones where the partner changes the watch, not just the print on the dial, and four years in, the Seconde/Seconde/ run has become the brand’s most coherent limited series.