The RICS issued its latest report with most surveyors seeing prices rising, according to the BBC especially for silver and jewelry, but also for Contemporary art. Who knew Contemporary art could be an inflation hedge:
Contemporary art also rose in value in the final three months of 2009 after falling for the rest of the year. The Royal Institution of Chartered Surveyors (Rics) said books, clocks and ceramics were the only negative areas. In general, 17% more surveyors reported rising rather than falling prices of art and antiques in the final quarter of 2009, up from 14% in the previous quarter. This was the highest since the first three months of the year.
“Arts and antiques have remained pretty resilient throughout the recession and this latest survey once again demonstrates their strength as an investment class,” said Rics spokesman Jeremy Lamond.
Art and Antiques Evade Recession, Says RICS (BBC News)
