Art leads Knight Frank Luxury Investment Index
27. 5. 2024
- The KFLII, which tracks the value of 10 popular investments of passion, edged into marginal negative territory for only the second time, with prices down on average 1% across the index, despite a year of record-breaking sales in the luxury market
- Art was the best performing luxury asset class in 2023, with prices rising 11%
- Jewellery (8%), watches (5%), coins (4%) and coloured diamonds (2%) made up the top-five best performing assets in 2023 after art, with rare whisky bottles (-9%) the worst performer
- Art also topped the KFLII in 2022, with prices rising by 29%, followed by classic cars (up 25%) and watches (18%)
Andrew Shirley, editor of the Knight Frank Luxury Investment Index said, “The priciest bottle of Scottish whisky, the most expensive Ferrari 250 GTO, the costliest blue diamond, even the dearest sword - in 2023, the major auction houses achieved a string of record-breaking sales. It sounds like a bumper year for luxury investments, however the KFLII reveals a less positive picture. KFLII edged into negative year-end territory in 2023, albeit by a fraction of a percent, as several stalwart members of the index dropped into the red or showed minimal gains. However, a peek behind the headlines reveals it’s not all doom and gloom, with some of the losses are simply down to the froth coming off markets, according to the experts who supply the data for KFLII.”
Full results of Knight Frank’s Luxury Investment Index Q4 2023:
Sources: Compiled by Knight Frank Research using data from Art Market Research (art, coins, furniture, handbags, jewellery and watches), Fancy Color Research Foundation (colour diamonds), HAGI (cars), Rare Whisky 101 and Wine Owners
Notes: All data to q4 2023. KLII is weighted average of individual asset performance.
Read full report here.
Other tips
07/2025
Retail Market Czech Republic H1 2025
Below you can see a regular update of retail market in the Czech Republic for the first half of 2025.
07/2025
Prague Office Market Q2 2025
The vacancy rate continues to fall as new supply remains low and is anticipated to decrease even more in the coming year. Demand in the second quarter reached...
07/2025
Czech Investment Market Q2 2025
The first six months of 2025 showed a revival in the investment market and increased investor activity, which was supported by significant capital inflows into real estate funds due to the decline in interest rates.
