some work - such as this by Damien Hirst - retrieve millions of pounds at auction buyers are flocking to art and antiques, auctions as they look for good return on their investments, according to the surveyors.Nearly two-thirds of Surveyors reported an increase in the number of persons from the auction for three months.
Consumers saw art as a tangible asset that performed better than other forms of investment, said of the Royal Institution of Chartered Surveyors (to).
But this popularity pushed to higher prices, including precious metals.
Surveyed to 54 members who specialize in the art market.Some surveyors by more than 26% reported an increase in prices of art and antiques in the third quarter of the year that said prices fell.
Positive that 24% in previous three Rics survey showed compared.
", Buyers in material assets during economic uncertain, continuously invest UK art and antique market buoyant said Rics chief economist Simon Rubinsohn.".
PopularThe investigation showed artwork prices increased to seven quarters in a row.
Earlier this month following extracted from a work by Damien Hirst - I am dead to become shatterer of Worlds - entirely from thousands of £ 2 butterfly wings.2 m to the auction in London.
However, it is illustration in support of £ 1,000 to £ 5,000 who has seen the fastest price rises.
Remains silver and jewellery among more sought after items among investors.
In General, the surveyors predicts demand will be lead offer over the next 12 months.Low interest rates for savers a plateau in the housing market has led to many investors looking elsewhere for a slot for their nest eggs.
ReasonsA spokesman for the auction house Bonhams said that he had a "phenomenal year" with force in the market, including more than affordable work.
He added that they had not predicted this request was inflated by purchasers of emerging economies in the world.
"Within a period of uncertainty as to whether flat growth if we see inflation or deflation and ongoing fluctuations in currencies, art is clearly be seen by some as good coverage against the unknown," said a recent report Bonhams on the art market.
"Essentially, however, reasons for collectors to purchase art remain unchanged - a mixture shading of speculation and passion."
Number of visitors also increased recent years at the Affordable Art Fair in London, according to a spokesman .the ' event, which extends to the Sunday, a contemporary work in sales costs less than £ 3,000.
However, to survey suggests that contemporary art is the productive sector of the worst.
