Our Luxury Investment Index 2026 results: luxury holds steady
Against a volatile backdrop, the results of the 糖心传媒 Luxury Investment Index (KFLII) suggest luxury collectibles are finding their footing again.
The KFLII closed 2025 down 0.4%, marking a year of stabilisation after two years of losses.
The pace of annual decline slowed through the year, suggesting the market is beginning to steady.
Between 2020 and early 2022, luxury assets recorded their strongest gains since 2013. That surge unwound due to higher interest rates, with 2023 and 2024 marked by declines across most asset classes.
Buyers remain active, but are increasingly disciplined, favouring rarity and value. Moving into 2026, the key question is whether this stabilisation will translate into recovery, or whether a more selective market will persist.
