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Contemporary furniture does more than look good, says report

01 March 2005
A new report has found that investing in pieces of 20th century furniture, as well as art and other alternative investments, can pay dividends.

The Zurich-AMR Art & Antiques Index has found a growth in the popularity, and the value, of 20th century British, American, Scandinavian and Italian furniture.

"This year we've been monitoring trends in the alternative investment markets and our forecasts show that 20th century furniture should continue to be lucrative for investors this year," said Kris Coombes of Zurich Private Clients.

Despite a fall in the value of traditional English furniture according to the research, with falls in the sale prices of pieces from the Regency, Victorian and 18th century periods, it would seem that quality furniture is a sound investment.

"Modern furniture is proving to be a lucrative investment this year. Whatever period you wish to buy from doing your homework will play dividends," said Bruce Addison, spokesperson for Bonham's auction house.

Zurich's index also released a series of predictions for the alternative investment market.

It found that vintage Bordeaux wine, contemporary Chinese painting, contemporary Indian painting and modern first editions, including JRR Tolkien's The Hobbit and Ernest Hemingway's Death in the Afternoon, are set for growth over the next five years.

The news comes after last week's announcement by Barclays Capital that art is one of the best performing investments at times of high economic growth.

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