HOMEOWNERS across the South East may be risking thousands of pounds worth of losses after a decade of price increases across key sectors of the art and antiques market.

The warning comes from high net worth insurance broker Lycetts as Bonhams’ Director of Valuations, Harvey Cammell, told how ‘sectors, such as 20th century British art, jewellery, Chinese art and classic motor cars, have seen significant appreciation’.

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He added: “It’s very important to keep abreast of the subtle fluctuations in the fine art market."

Lycetts has an agreement with Bonhams, which gives Lycetts’ clients a discount of 10 per cent on standard valuation fees.