This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Cookie Policy
What are cookies?
A cookie is a small text file that a website stores on your computer or mobile device when you visit the site.
- First party cookies are cookies set by the website you're visiting. Only that website can read them. In addition, a website might potentially use external services, which also set their own cookies, known as third-party cookies.
- Persistent cookies are cookies saved on your computer and that are not deleted automatically when you quit your browser, unlike a session cookie, which is deleted when you quit your browser.
Every time you visit our websites, you will be prompted to accept or refuse cookies. The purpose is to enable the site to remember your preferences (such as user name, language, etc.) for a certain period of time. That way, you don't have to re-enter them when browsing around the site during the same visit.
Cookies can also be used to establish anonymised statistics about the browsing experience on our sites.
How do we use cookies?
Currently, there are four types of cookies that may be generated as you browse our site: Strictly Necessary, Statistics, Preference and Marketing cookies.
1. Strictly Necessary 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.
How do I control Strictly Necessary Cookies?
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.
2. Statistics Cookies
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:
- the numbers of visitors to individual pages;
- when pages were visited;
- how long users stayed on the page;
- the IP address of the user of the website;
- the page they came from;
- technical data about the device being used to browse the site (such as browser and operating system version, and display size) — we use this data to ensure that the technology our site uses is appropriate for the majority of our users, and how best to display the site for users who have less capable browsers.
More information about Statistics cookies
We use cookies from different partners including Google to provide our analytics data. You can read more about how Google Analytics treats your data on their web site. You can also read Google's full privacy policy.
How do I control Statistics cookies?
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.
3. Preference cookies
Also known as "functionality cookies," these cookies allow a website to remember choices you have made in the past, like what language you prefer, whether you have accepted our cookie policy, what region you would like weather reports for, or what your user name and password are so you can automatically log in.
4. Marketing cookies
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.
Youtube
We display clips from Youtube related to our purchase opportunities. You can view Youtubes's privacy policy on their website. This page also allows you to control what cookies YouTube saves on your computer.
We work with Google to optimise how Google ads are displayed. You can discover how Google protects your privacy relating to ads at its privacy policy.
Cookie Table of our cookies
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 |
Removing cookies from your device
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).
Managing site-specific cookies
For more detailed control over site-specific cookies, check the privacy and cookie settings in your preferred browser
Blocking cookies
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).
Further help
If you still have any concerns relating to our use of cookies, please contact us at support@konvi.app
Image by @toys.men on Instagram
When ready to splurge, you cannot go wrong with a Rolex or Pathek Philippe watch. They are the ultimate accessory to represent social status. Some people may even feel they’ve made it once they can comfortably purchase from one of these brands. But, besides the pleasure coming from owning such unaccessible pieces, are they really worth your euros? The answer is: it depends.
Some people are rich enough that spending tens of thousands of euros on a watch does not even make a dent in their wallet. But let’s be honest, that’s maybe 0.1% of the population. When the average upper middle or upper class customer thinks of buying a luxury watch, they assure themselves it’s not so unsafe for the very reason they can sell the item if in need. It is for the same reason that they may buy items such as gold jewelry. But, just as with gold jewelry, the raw materials cost much less than their retail price. However, we keep hearing about success stories, how can that be?
When do luxury watches appreciate in value?
The stories of people selling Rolex watches at double the purchase price after only two or three years are true. This happens when the watch is consistently in high demand, while the supply is kept low. The most exclusive brands value craftsmanship, and are not willing to skimp on quality and scale to meet the demand. Moreover, when the demand is met, the satisfaction of owning an inaccessible item disappears. But how can one predict the item will keep being in demand? As with every investment, a thorough investigation of the instrument and general market expertise are vital to achieving healthy returns.
Smart financial diversification without extensive research?
Financial decisions without research comes at a cost: the cost of an asset manager. However, in many cases, this can be scaled and return more than when making decisions independently.
Take index funds as an example. They are known to achieve great profits when using dollar cost averaging. They don’t require any knowledge by the investor as diversification across the market is automatic and risk is further mitigated by entering the market at both low and high prices. However, in order for index funds to work, their managers must understand, follow, and adapt to the market. In the case of the S&P 500, the fund managers must choose the right companies that in the long run are predicted to rise in value. The index fund then charges investors for its analysis work. Unfortunately, this method does not apply to luxury watches. Because in most cases, second hand watches perform poorly. Such analyses could be made on watch companies, but these do not correlate to the items they produce.
When buying a watch, we’d consider it an investment when we can buy it, wear it, and sell it at a profit. Sadly, 99.9% of watches are not investment grade. Even if the retail price of the model bought has gone up in value after several years, this does not guarantee a sale at a profit on the second hand market. On top of that, even with a new, unpackaged item, the third party seller would charge you a fee for finding a customer. When choosing not to use a retailer, finding the right customer will be even more complicated, since selling it requires a time commitment.
Retailers can take up to 50% profit margin on a sale and their distributors another 20-35%, making it practically impossible for customers to make a profit.
There are many factors involved in choosing an investment grade watch. Even when looking at the same model, every watch is unique, with timing and location being a deciding factor as well. The population the watch is available to is also a deciding factor. For example, items sold to walk in customers are less valuable than ones given to VIP’s.
With so many variables in place, it is safe to say the average luxury watch customer would not be able to make a profit. However, Konvi is able to bring customers profits through research and expertise, same as index funds do with other instruments.
Our partner, The Watch Fund, has been created by one of the few successful watch investors. They use their knowledge to hand pick truly valuable timepieces. They make extraordinary returns due to their close affiliation to the luxury watch industry.
But, what type of watches must they choose to get to these results? The Watch Fund buys four different categories of investment grade watches.
- Queue-cutting watches - they get bought before they hit the market.
- Extreme limited editions - pieces allocated to VIP’s, which money cannot buy.
- Provenance pieces - items owned by royalty or famous figures.
- Price advantageous watches - Purchases that can bring the item at 50% of the retail price.
Unlike the stock market, the real estate market, or the securities market, the timeless watches selected by our partner have never seen negative returns. However, these pieces always cost more than €100,000. Besides their low availability, the price is also not accessible to the majority of the population. Here is where Konvi comes into place. We allow people like you and me to enjoy these amazing returns by crowdfunding watches, and giving each investor partial ownership into the item.
