Motherboard:
Giulio Zompetti, a 27-year-old from Northern Italy, told Motherboard that he purchased half a dozen early prototypes of Apple Watch recently, and is planning to fix them and sell them for thousands of dollars. Zompetti declined to say where exactly he purchased the devices from, but said they come from e-waste facilities. The prototypes he obtained are all broken, but key components are still intact, making it possible to repair them, he said.
Lots of pictures in the linked article.