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.
