The WatchFund SG and Konvi Celebrate €2 Million Milestone Together

The WatchFund SG and Konvi: A Historic Partnership

The WatchFund Singapore (SG), recognized as the largest luxury watch investment platform globally, and Konvi, an innovative fractional luxury assets investment service, are celebrating a significant milestone together. They have recently announced that they have jointly reached €2 million in assets under management in the luxury watch sector. This achievement marks a new era for investors seeking alternative asset classes for better returns.

Rising Demand for Luxury Watches

As the financial landscape evolves, the demand for luxury watches has surged dramatically. Investors are increasingly recognizing these timepieces as attractive options for investment. This accelerated interest stems from the strength of the performance showcased by luxury watches in recent years. Reports indicate that the Swiss watch industry experienced a remarkable growth rate of 7.6% last year, with export values hitting a record of CHF 26.7 billion. This trend signals a strong market that is predicted to grow, especially with a considerable demographic, including 35% of Gen Z individuals, showing interest in investing in luxury timepieces.

Democratizing Luxury Watch Investments

The partnership between The WatchFund SG and Konvi aims to make luxury watch investing more accessible to a broader range of investors. Through this collaboration, high-net-worth individuals can acquire ultra-high-end watches that might otherwise be unattainable. Konvi provides a unique platform where fractional ownership is offered, allowing individuals to invest in watch ownership starting from just €250.

How The Investment Model Works

This innovative investment model allows retail investors to collectively own luxury watches. Each timepiece selected for investment is managed and stored securely through Konvi. After a designated appreciation period, the watches will be sold, with profits shared among the investors. Moreover, investors have the power to influence decisions regarding their investments, including selecting the watch model and accepting sale offers through a voting mechanism implemented within the platform.

Notable Timepieces in The WatchFund SG Portfolio

Some notable examples of luxury watches previously purchased and sold through The WatchFund SG include the Cartier Tortue Monopusher Chronograph, the De Bethune DB28 Tourbillon, and the Richard Mille RM-004, with retail prices often exceeding €250,000. These timepieces not only hold intrinsic value but, when managed correctly, have proven to appreciate significantly.

Insights from Founders

Dominic Khoo, the founder of The WatchFund SG, expressed his excitement about this collaboration, noting that it is opening up the luxury watch investment market to a new demographic. He stated, "This partnership has enabled Konvi to offer investment-grade watches to a new group of investors in Europe, a segment that we don’t yet have the capability of catering for in Singapore. The rising demand for ultra-high-end timepieces shows the potential of trading watches as unique and resilient investment assets.”

Similarly, Eran Peer, Co-Founder and CEO of Konvi, emphasized the importance of accessibility in the luxury watch sector, stating, "We’re thrilled to have reached this mark alongside The WatchFund SG. This partnership is a perfect alignment with our mission to make unique luxury asset investments more accessible. As demand grows, we anticipate that interest in watch investing will significantly increase through our platforms."

The Expertise Behind The WatchFund SG

Dominic Khoo isn’t just a founder; he’s a dedicated specialist in the luxury watch arena. Trained by Antiquorum, the largest watch auction house globally, he has dedicated over 25 years to collecting and valuating exquisite timepieces. His extensive experience includes various roles within the international watch industry, lending to his comprehensive knowledge and investment abilities.

About The WatchFund SG

The WatchFund SG stands as a pioneer in luxury watch investment, offering expertly curated portfolios that capture both rarity and potential value appreciation. Through careful selection and industry expertise, they provide investors with the opportunity to enhance their portfolios with tangible assets.

About Konvi

Konvi sets itself apart as a groundbreaking online platform democratizing alternative investments. Along with luxury watches, it opens doors to diverse asset classes such as fine wine, classic cars, and hand-curated art, facilitating a dynamic investment experience for individuals starting at an accessible investment of €250.

Frequently Asked Questions

What is the significance of the €2 million milestone?

This milestone marks a substantial achievement in luxury watch assets under management, highlighting the growing interest in this investment category.

How do retail investors participate through Konvi?

Retail investors can purchase fractional ownership of luxury watches starting from €250, allowing broader access to prestigious timepieces.

What types of watches are available through this platform?

Investors have access to a range of investment-grade watches, including renowned models from prestigious brands.

What is the expected future for the luxury watch market?

Market forecasts suggest continued growth in the luxury watch sector, with increasing interest from younger demographics.

How does the voting mechanism work for investors?

Investors collectively vote on important decisions regarding watch models and sales, giving them a voice in the management of their investments.

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