SINGAPORE, Sept 12 (Bernama-BUSINESS WIRE) — 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 today announced they have jointly reached a milestone of €2 million in Konvi’s watch assets under management (AUM).
Demand for luxury watches as investment vehicles has never been higher, as more investors seek to cash in on the strong returns produced by the asset class. The Swiss watch industry grew by 7.6% last year, reaching record export highs of CHF 26.7 billion. The market is forecast to continue this trajectory with 35% of Gen Z eyeing up luxury watch investments.