Time to check the attic as antique prices soar
Antiques are luring investors with spare cash as record low interest rates deter them from shelling out on other investments, surveyors have said.
They told their professional body, The Royal Institution of Chartered Surveyors (Rics) that the price of art and antiques rose towards the end of last year, news likely to prompt many a rummage in the attic.
The higher end of the market was particularly strong, with surveyors reporting price jumps in the £50,000-plus category, and silver and jewellery outperforming other sectors. RICS spokesman Chris Ewbank said: "The art and antiques market remains a strong performer for buyers looking to invest in more tangible assets to guard against the uncertain economic picture. This is clear in the rise in sales in the higher value brackets."