Art Investment Survey: What People Really Think About Art Investment !!!
In a recent survey conducted by AXA Art Insurance (http://www.axa-art.co.uk) and Investors Chronicle, 87% of people surveyed thought that investment in art and antiques was a good investment for them. The survey also showed that of the people surveyed, art investment was ranked as the second most important investment behind a property to live in and in front of government securities and the stock market.
Two thirds of the sample said that they would be encouraged to buy art as an investment if there were credible statistics that the values of art and antiques were outstripping inflation. Other results revealed that among the advantages of art investment listed the sample thought that the following were of most importance : home enhancement (35%); a tangible asset (31%); stability and as a pension fund (16%).
Other results revealed that among the advantages of art investment listed the sample thought that the following were of most importance : home enhancement (35%); a tangible asset (31%); stability and as a pension fund (16%).
This survey shows an increased awareness of the art market and a greater acceptance of art investment as a genuine investment option. With artworks selling for over $100 million US dollars and a bull art market worth tens of billions of dollars a year, the art market is hard to ignore.
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of artmarketblog.com, writes the art column for the magazine Antiques and Collectables for Pleasure and Profit and contributes to many other publications.
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