Cyclic oligoketones composed of 3,3-dimethylpentane-2,4-diones showed crown ether-like alkali metal ion binding behavior with association constants up to 1.7 × 104 M-1 in chloroform/acetonitrile (v/v, 9/1). The binding properties have been used for catalysis in the Finkelstein reaction in a low-polarity solvent. Furthermore, novel ion-binding hosts were generated by terminal functionalization of linear polyketones.