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Chartered Surveyors Poll Back to Art Peak Levels

January 13, 2011 by Marion Maneker

Despite evidence of falling prices for oil paintings and watercolors, the Royal Institution of Chartered Surveyors put out another good report this week, according to the BBC:

Some 42% of chartered surveyors reported prices rose rather than fell in the £50,000-plus price bracket, the survey for the final three months of 2010 found. This was up sharply from 20% in the previous three months, and the highest since the second quarter of 2008. Rics suggested that this highlighted the number of wealthy buyers investing in art at a time of low interest rates and economic worries in the UK.

Art ‘Remains a Popular Investment for Wealthy’ (BBC News)

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Filed Under: General

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