This is a flip-open digital watch by Innovative Time. It has a sort of fat looking classic Sonic in the center of one of the checkered loops from Sonic 1. The packaging is interesting, with purple electroplate logo, clear plastic dome & running wrap-around Sonic art. Look at the original…
Marketing Art Piece. This was done for a plastic sign (that lights up) for Sonic 3 that video game stores could hang in the window. It's actually the print out, complete with crop marks that was to be used to create the store display items.