Survey Finds Family Offices Nearly Doubling Uncorrelated Asset Exposure

A 2026 survey of 290 global family offices found inflation was a leading concern as exposure to uncorrelated assets nearly doubled, while separate luxury indexes and auction sales pointed to different market conditions. Jewelry and fine art were listed as examples of uncorrelated assets. The increase applies to uncorrelated assets broadly; it does not show that jewelry or fine art drove it or specify dollar allocations. It also does not establish that inflation concerns drove the change or that these holdings preserved purchasing power. The broad luxury-collectibles index fell 0.4% in 2025, following declines across most categories in 2023 and 2024. Yet it gained 38.6% over the 10 years through 2025.

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