The Herald Scotland says the RICS survey identifies more art lovers among Contemporary buyers than investors:

Despite the recession and tight financial circumstances, the latest arts and antiques survey published by the Royal Institution of Chartered Surveyors found that contemporary art prices at auctions rose in the second quarter of 2011. More than 20% of chartered surveyors reported prices rose, the highest since mid-2008.

“It appears that buyers with an interest purely in the aesthetic value of contemporary pieces may be entering the market, which in recent times has been dominated by those acquiring works as a financial investment,” a statement said.

Art prices on the increase as aesthetes replace investors (Herald Scotland)