Return on investment in contemporary art is outperforming traditional categories of art and antiques, according to the latest report from Zurich.
The index of works by leading contemporary artists has grown by 126% since 1995 and by over 26% in the last year.
Zurich's Private Clients client manager Kris Coombes said: "A major factor affecting the arts and antiques market as a whole is buyers' increasing selectiveness.
"In the contemporary arts market in particular, the controversial nature of contemporary pieces enables buyers to make a personal statement about their taste and financial status. Contemporary art has a huge image-building quality, demonstrating that the buyer has confidence to support new genres."
