Notice
Details

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 Crowdfunding 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.

Google

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.

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

Allow all cookies
Use necessary cookies only
← Back to all articles

Luxury watches and handbags might be the best recession-proof assets

Guest Author
1.8.2022

Rolex and other luxury watches in a shop window.

As global financial markets display great volatility, investors are looking to diversify their portfolios and hedge them against inflation. Could luxury handbags and watches deliver greater annual returns than the stock market?

If collecting luxury items such as cars, watches or designer handbags is nothing new, interest in such luxury collectibles has surged during the pandemic as consumers were piling up cash while being stuck at home. As demand spiked, luxury brands managed to carefully maintain scarcity, also bolstered by global supply chain issues. Chanel has increased its prices no less than three times in 2021 and recently introduced quotas to reduce the number of handbags customers could buy per year. This strategy is not dissimilar to Hermès, where waiting time to be offered a bag sometimes reaches years. Scoring a coveted Birkin or Kelly could return the lucky buyer over 100% of the investment straight out of the store. Depending on the specifications of the bags, it is not unusual to see them sold for prices over £15k on the secondary market.

When it comes to watches, a similar craze has been observed around the rarest models such as the discontinued Patek Philippe Nautilus 5711 or the Rolex Daytona. The Sundial 50 Index which tracks the value of the 50 most traded watches is up 27% in the past 12 months. In comparison, the S&P 500 is down 12% over the same period.

But does that make luxury collectives good investments? Let’s recall that an investment is an asset acquired with the goal of generating income or appreciation in value over time. According to a recent study published by Deloitte and Credit Suisse, handbags and watches fall into that category and can be classified as store of value assets with “low risk, low volatility and mid-single-digit returns”. Rolex watches have delivered an annual return of 33% in 2021, while Chanel handbags rose by 25%. The study also highlights a low correlation between luxury handbags, watches, and traditional asset classes such as bonds and equity, suggesting a good diversification strategy. Finally, the paper states that “the best inflation protection is offered by Chanel handbags, while Rolex watches appear to be the ideal inflation all-weather stores of value.”

As a result, more consumers are turning to the pre-owned market to sell and acquire these investment pieces, increasing the liquidity and price transparency of the secondary market. Covid-19 and its positive impact on e-commerce penetration has also favored the entrance of a younger consumer base on the luxury collectibles market, better informed on investment value of the assets and able to ‘flip’ items in a matter of days.

If acquiring some of the rarest and most valuable assets directly from the brands remains the privilege of a few of high net worth individuals, some platforms aim to generalize access to collectibles as a mere form of investment. For instance, the crowdfunding platform Konvi allows its users to buy fractional shares of fine wines portfolio or limited-edition watches - for some of them valued over $250,000.

However, the Sundial 50 Index indicates a market softening for pre-owned luxury watches with a decline in value of 5%. According to a recent article from Bloomberg, “the bubble in secondhand timepieces was fueled by a combination of crypto and stock-market gains, stimulus cash and speculation”. While we observe a natural correction on the secondhand market, it is worth noting that demand on the primary market, i.e. directly from the store, remains unchanged.

Nonetheless, for most of the collectors, investing in timepieces and luxury handbags goes beyond mere financial returns. Value lies also within appreciating the object itself, its uniqueness, history and the savoir faire behind them. Passion and transmission, combined to an uncertain economic outlook make a strong investment case for luxury collectibles.

Note: this article only engages the opinion of its author and does not constitute financial advice.

About the author

Julia Baldet is Private Equity Associate at BC Partners and an Angel Investor in the luxury, consumer, and tech sectors. The original article is available at the following link.

Tell your friends

Get insights into the luxury collectibles market

Login / Sign up