Investments in art and antiques are still a safe place to put money, despite recent price falls, according to one group.
The Royal Institute of Chartered Surveyors (RICS) has published its Arts and Antiques Survey 2009 and it shows that although other sectors are currently on the rebound, investments in paintings and other decorative items can still reap returns.
In the last quarter, seven per cent of chartered surveyors said prices were rising in the sector, compared to 19 per cent in the first three months of the year, but oil and watercolour paintings, along with silverware, militaria and jewellery provided good investments, according to the report.
Andrew Davies, spokesperson for RICS, said: "It is clear that some sectors of the arts and antiques market are fairing better than others at the moment with the traditional safe havens of jewellery and silverware still attracting the more cautious investor ."
BlackRock recently said that some businesses have increased the number of dividends available to the stock market, particularly the major oil companies .
Antiques and art provide safe investments
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Antiques and art provide safe investments
Thu, 09 Jul 2009
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