Motorola's upcoming Moto 360 smartwatch could retail for around $249, or so it appears from a document released today by Motorola. In the official rules for a watch-face design contest being run by Motorola, the approximate retail value of a Moto 360, the contest's grand prize, is listed as $249. Motorola hasn't explicitly stated what the watch will sell for just yet, but it likely needed to disclose its actual value for legal reasons while holding the contest. The stated price is perhaps a surprisingly low one, but Motorola has proven to be adept at doing impressive things with low-cost components. The Moto 360 is planned for release this summer and will be among the first Android Wear watches on the market, so we should be hearing more about it soon.