The collectible luxury goods market performed strongly in 2021 as investors worldwide snatched up top-class physical assets to hedge against inflation and stock market volatility, according to Knight Frank’s annual wealth report released 1 March.

Overall, Knight Frank’s luxury investment index, which tracks the value of 10 luxury assets, including art, cars, watches, wine, rare whisky, jewelry, colored diamonds, handbags, coins, and furniture, rose 9% in 2021. The growth rate was the strongest annual performance since 2018, Knight Frank said.