Luxury Collectibles: The Rise of Rarity in 2025

Despite a slight overall decline, the luxury collectible market shows signs of stabilising, with impressionist art prices rising by 13.6% and watches gaining 5.1% in value. Factors like rarity and provenance have driven demand, alongside a shift to digital and fractional ownership models among younger collectors.

The luxury collectibles market has experienced mixed fortunes, according to the latest data from Knight Frank's Wealth Report.

While prices for impressionist art rose by 13.6%, classic car values saw a reduction of 3.7%, and whisky bottles fell 10.9% during the October-December 2025 period.

Demand is driven by rarity, cultural significance, and exceptional provenance, with watches, particularly Patek Philippe models, holding strong resilience.