A cookie is a small text file that a website stores on your computer or mobile device when you visit the site.
Cookies can also be used to establish anonymised statistics about the browsing experience on our sites.
Currently, there are four types of cookies that may be generated as you browse our site: Strictly Necessary, Statistics, Preference and Marketing cookies.
These cookies are essential for you to browse the website and use its features, such as accessing secure areas of the site. Cookies that allow web shops to hold your items in your cart while you are shopping online are an example of strictly necessary cookies. These cookies will generally be first-party session cookies. While it is not required to obtain consent for these cookies, what they do and why they are necessary are explained in the table below.
You can use your browser settings to control whether or not we set session cookies. More information on your browser settings is provided at the bottom of this page.
Please be aware that these cookies are critical to the efficient working of the site. If you choose to disable these cookies from this site, the functionality of the site may be greatly reduced.
Also known as "performance cookies," these cookies collect information about how you use a website, like which pages you visited and which links you clicked on. None of this information can be used to identify you. It is all aggregated and, therefore, anonymized. Their sole purpose is to improve website functions. This includes cookies from third-party analytics services as long as the cookies are for the exclusive use of the owner of the website visited.
Statistical information is used in reports and to improve our site. For example, we have used analytics data to add, remove or change features of the site based on how popular they are with users.
We track, for example:
Google provides a tool to opt-out of Google Analytics. This is available for all modern browsers in the form of a browser plugin. Additionally, you can control how cookies are set using your browser settings.
The advertisements you see displayed on this, and other, sites are generated by third parties. These services may use their own anonymous cookies to track how many times a particular ad has been displayed to you and may track your visits to other sites where their ads are displayed. Please note that advertisers can only track visits to sites which display their ads or other content. This tracking is anonymous, meaning that they do not identify who is viewing which ads.
Tracking in this manner allows advertisers to show you ads that are more likely to be interesting to you, and also limit the number of times you see the same ad across a wide number of sites. As an example of how advertisers operate, if you recently researched holidays, adverts for holiday operators may subsequently appear on our sites.
We do not have access to, or control over, these third party cookies; nor can we view the data held by these advertisers. Online advertisers provide ways for you to opt-out of your browsing being tracked. More information about the advertisers we use, and how to opt-out, is provided below.
Cookies you may see used on konvi.app
|Cookie name||Default expiration time||Purpose||Description|
|_fbp||3 months||Marketing cookies||Facebook: to store and track visits across websites.|
|_ga||2 years||Statistics cookies||Google Analytics: to store and count pageviews.|
|_gat_UA-*||1 minute||Statistics cookies||Google Analytics: functional|
|_gid||1 day||Statistics cookies||Google Analytics: to store and count pageviews.|
|_iub_cs-*||1 year||Preferences cookies||iubenda: to store cookie consent preferences.|
|euconsent-v2||1 year||Preferences cookies||To store cookie consent preferences.|
|referrerReferralId||1 browser session||Strictly necessary cookies||Track user referrals|
|t_gid||1 year||Marketing cookies||Taboola: assigns a unique User ID that allows Taboola to recommend specific advertisements and content to this user|
|APISID||2 years||Marketing cookies||Youtube: Google Ads Optimization|
|HSID||2 years||Marketing cookies||Youtube: to provide fraud prevention|
|LOGIN_INFO||2 years||Marketing cookies||Youtube: to store and track visits across websites.|
|PREF||2 years||Marketing cookies||Youtube: to store and track visits across websites.|
|SAPISID||2 years||Marketing cookies||Youtube: Google Ads Optimization|
|SID||2 years||Marketing cookies||Youtube: to provide ad delivery or retargeting, provide fraud prevention.|
|SIDCC||1 year||Marketing cookies||Youtube: to provide ad delivery or retargeting, provide fraud prevention.|
|SSID||2 years||Marketing cookies||Youtube: to provide ad delivery or retargeting, provide fraud prevention.|
|VISITOR_INFO1_LIVE||1 year||Strictly necessary cookies||Youtube: to provide bandwidth estimations.|
|YSC||1 browser session||Marketing cookies||Youtube: to store a unique user ID.|
|__Secure-1PAPISID||2 years||Marketing cookies||Youtube: Google Ads Optimization|
|__Secure-1PSID||2 years||Marketing cookies||Youtube: to provide ad delivery or retargeting, provide fraud prevention.|
|__Secure-3PAPISID||2 years||Marketing cookies||Youtube: Google Ads Optimization|
|__Secure-3PSID||2 years||Marketing cookies||Youtube: to provide ad delivery or retargeting, provide fraud prevention.|
|__Secure-3PSIDCC||1 year||Marketing cookies||Youtube: to provide ad delivery or retargeting, provide fraud prevention.|
|IDE||1.5 years||Marketing cookies||doubleclick: serving targeted advertisements that are relevant to the user across the web.|
|RUL||1 year||Marketing cookies||doubleclick: serving targeted advertisements that are relevant to the user across the web.|
|variant||1 browser session||Strictly necessary cookies||For providing targeted content to users|
|cookie_consent||1 year||Strictly necessary cookies||For persisting cookie consent|
|1P_JAR||1 month||Marketing cookies||Google: optimize advertising, to provide ads relevant to users|
|NID||1 month||Marketing cookies||Google: to provide ad delivery or retargeting, store user preferences|
You can delete all cookies that are already on your device by clearing the browsing history of your browser. This will remove all cookies from all websites you have visited.
Be aware though that you may also lose some saved information (e.g. saved login details, site preferences).
For more detailed control over site-specific cookies, check the privacy and cookie settings in your preferred browser
You can set most modern browsers to prevent any cookies being placed on your device, but you may then have to manually adjust some preferences every time you visit a site/page. And some services and functionalities may not work properly at all (e.g. profile logging-in).
It has been established that fine wine as an alternative asset is more likely to maintain its upward trajectory during various different market environments - rising inflation, for instance - when compared to other alternative assets in the same category such as Gold.
During the period of rising inflation in 2021, Fine Wine has offered a reliable track record of positive real returns both in the short and long run, as stated in Knight Frank’s 2022 report. Gold also has been able to perform well, but it has always come at a price of being susceptible to higher volatility than fine wine ever could.
Both fine wine and gold are considered to be good investments to resist against the negative impacts of inflation due to their scarce real asset status.
However, during times of inflation, the purchasing power of money and also the value of an investors’ portfolio are most likely to be impacted by the volatile market conditions. Gold has certainly performed well when the Russia-Ukraine war started and during the related macro economic uncertainty - however, over long periods of time, it will be wise to remember that gold may not always offer the best option.
The OECD’s data across all G-20 economies shows that the CPI (Consumer Price Index) rose 6.1% over the 12-months through December. During this period of surging inflation, Gold prices sank by -3.64% in 2021 (USD/ounce) while Fine Wine surged to record highs. The Liv-ex 1000 index, the broadest measure of the market, estimated the real returns at 12.23% in 2021.
Both fine wine and gold have investment potential that stems from their scarce nature.
The supply of fine wine is restrained by the exclusive and specialized nature of producing the top quality wines - as only specific vineyards in specific regions are qualified and recognized to undertake the task of production. In contrast with the uncertain price of gold, the price of fine wine is supported by this factor even as the purchasing power of hard currency weakens with the rise of inflation.
While Gold is seen as a ‘safe haven’ asset during uncertain times and economic downturns, fine wine prices are dependent more on internal factors such as demand/supply, the quality of the wine, and the prestige of the brand that produced them. Gold prices, on the other hand, are more prone to the influence of the volatile market changes than fine wine.
For example, Gold’s negative performance in 2021 has been widely attributed to the soaring equity markets. As investors were seen moving into risk assets as the inflation increased, fine wine prices were seen rising due to the imbalance of the internal supply-demand factor.
It is also important to note that this does not imply that fine wine will always outperform gold during volatile times, or it will always provide a hedge during periods of rising inflation. Fine wine as an alternative asset is a worthwhile investment due to its unique characteristics and track record. This factor alone makes it a valuable component of an investment portfolio which has the potential to deliver positive returns during tumultuous conditions of the investment market.
Thinking about investing into wine? Check out Konvi’s app for more information and investment projects to participate in from 250€ only.