KUALA LUMPUR, Sept 12 (Bernama) -- The WatchFund Singapore (SG), the world’s largest luxury watch investment vehicle of its kind, and Konvi, Europe’s leading fractional luxury assets investment platform, have jointly reached a milestone of two million euros in Konvi’s watch assets under management (AUM). (1 euro = RM4.76)
The WatchFund SG Founder, Dominic Khoo said the collaboration with Konvi has blown open the doors to a market that has historically only been available to the wealthiest of individuals.
“This partnership has enabled Konvi to offer what we define as investment-grade watches to a new group of investors in Europe, a segment that we do not yet have the capability of catering for in Singapore,” he said in a statement.
Meanwhile, Konvi Co-Founder and Chief Executive Officer, Eran Peer said: “Our partnership aligns perfectly with Konvi’s mission to make lucrative luxury asset investments more accessible for everyone.
“We expect to see interest in watch investing through our platforms increase as our collaboration makes the space more accessible and interest in the market continues to soar,” added Peer.
The WatchFund SG enables high-net-worth individuals to purchase money-cannot-buy watches or ultra-high-end timepieces at prices that most people cannot obtain.
Through this partnership, The WatchFund SG is supporting Konvi in its mission to democratise the luxury watch space and empower a broader range of investors with access to these lucrative investment opportunities.
Through this collaboration, retail investors can purchase joint ownership of luxury watches via Konvi for as little as 250 euros.
These investors purchase investment-grade watches from The WatchFund SG, which are then securely managed and stored by Konvi. The timepieces are then sold by Konvi after a set appreciation period and profits are returned to investors.
Investors on the Konvi platform, through a voting mechanism, will decide as a collective group on all aspects of their investment, such as the watch model itself, accepting a sale offer, and electing the storage solution.
-- BERNAMA
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