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TEFAF, the European Fine Art Foundation, who organise the Maastricht fair, have commissioned a detailed new study on the state of the European art market.

WHILE it was worrying that Phillips’ main Midlands saleroom could find only 100 furniture lots worthy of their main autumn sale, and that only five of those took more than £3000, such is the drought of quality goods in the provinces at the moment that the trade were determined to make the best of any opportunity.

As every silver dealer knows, the value of standard Victorian three-piece tea sets has gone down, not up, over the past decade. But introduce a fashionable style to the casting, and the price will inevitably soar.

USA: STELLA Management have been forced to cancel New York’s Triple Pier Antiques Show despite moving the venue.

Uncertain of just how widespread a reaction they would receive on the lot, Walker Barnett & Hill of Shropshire estimated this rare pair of 19th Century Japanese Carved Wood & Ivory Figures of two young boys, one with a hobby horse, the other playing a flute, measuring 10in (25cm) high, conservatively at £500-700.

FRANCE: After a long and frustrating delay, Sotheby’s and Christie’s finally got the official go-ahead late last week to conduct auctions in France. They were among the first four auction houses to receive a licence from the French Conseil des Ventes on October 25 and both houses swiftly announced details of their inaugural sales to be held later this year.

PICTURED right is just one of a number of rare and important artefacts whose sale to the nation has just been negotiated by Christie’s.The 14th century Norwegian carved ivory crozier head, which has been sold in lieu of inheritance tax and will go to the V&A, is an extremely rare example of late medieval Scandinavian carved ivory.