/24-7PressRelease/ - LONDON, UK, April 26, 2008 - Auction prices of arts and antiques are not affected by the credit crunch and this segment is witnessing a growing demand from investors who are interested to mitigate financial market volatility. According to a recent survey, a growing number of consumers are now turning their attention to these alternative investments as the credit crunch continues. Investors take this segment as a "flight to safety" tool of investment.
The increasing demand has stoked prices in the sector during the first quarter of 2008 and many City workers received annual bonuses. This segment has seen price rises in the 5,000 pound-plus bracket. Lower-priced art and antiques also saw price increases, but the rise is not so eye catching. RICS said that the increasing figures suggest that consumers with disposable incomes are now inclined to buy arts and antiques as long-term investment. "Many potential investors are using their disposable incomes to buy at the high end with the hope that value will continue to increase while stocks and bonds ebb and flow," said Christopher Ewbank, spokesman of RICS.
Increased salaries and large bonuses in many corporate sectors have led to a high volume of new buyers entering the arts and antiques market. Their entry has helped to push up the prices of arts and antiques.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.longdogfinance.co.uk
# # #
Read more Press Releases from anaya erika:Other Press Release Headlines:
