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WHEN a market softens, it is often best to return to first principles – the core values of condition, market freshness and pricing that can be overlooked when an area of collecting really ‘takes off’.

A DISPUTE between Lord Lloyd Webber and the HM Revenue and Customs over the purchase, with the aid of taxpayers' money, of J.W. Waterhouse's St Cecilia by the Andrew Lloyd Webber Art Foundation, has been settled out of court.

CHRISTIE’S have launched legal action against US Internet entrepreneur Halsey Minor. Minor took Christie’s to court last December, accusing the auction house of fraud and a number of other torts after pictures he consigned to Christie’s dealership Haunch of Venison in May 2008 were not returned “in a timely fashion” when they failed to sell.

BRITISH Art Market Federation chairman Anthony Browne is fighting a rearguard action against the unexpected news that the Export Licensing Unit is to move to Birmingham.

A WELL-ORGANISED gang targeted the premises of Cirencester auctioneers Moore Allen & Innocent on May 28, taking antiques with a combined value of between £20,000-40,000.

A NEW website has been launched which aims to do for antique silver what abebooks.com has done for the antiquarian and secondhand book trade.

EBAY UK have launched a new anti-counterfeit campaign and want to work closely with the antiques industry to beat the fakers.

COLOGNE auctioneers Van Ham offered this oil painting by Ernst Ludwig Kirchner (1880-1938), hidden from public view for over 70 years, at their latest sale.

TURN the leaves of ‘A sketchbook belonging to Lady Julia Conyers...’ and you will find some 80 drawings and watercolours by Lady Julia and her society friends that are for the most part unexceptional and predictable.

EBAY have now added a London High Court victory against a claim from luxury brand L’Oréal to the one they gained in France last month.

PICTURED here is a medal commemorating the taking of Porto Bello by Admiral Vernon in 1739. It was among the items stolen from a country house museum in south Derbyshire on the afternoon of May 20.

There were local, or at least county, connections when this large linocut print, ‘Church and Thunderstorm’ by Edward Bawden (1903-1989) was offered by Essex auctioneers Sworders at their spring Country House sale.

SALISBURY auctioneers Woolley & Wallis have broken their own UK regional record with the sale last week of a Qianlong jade carving of a water buffalo for £3.4m. It establishes a massive new UK landmark for any work of art sold at auction outside London.

THE Antiquarian Booksellers Association (ABA) has stepped up its efforts to recover books stolen by its former president, David Slade, from Sir Evelyn de Rothschild.

THE tide has turned in favour of eBay in the legal war over the sale of counterfeit goods on their site after a French court backed them against L’Oreal.

CHRISTIE’S Fine Art Storage Services (CFASS) have announced that they will open a new facility at The Singapore Freeport in January 2010, offering a secure tax-free location for the storage and transaction of fine art and antiques.

A metal detector enthusiast who pleaded guilty to five counts of fraud has been jailed for six months for selling modern fakes.

BURRELLS Antique Desks have won their case against rival dealer Steve Campbell in a dispute over his use of their name to divert customers to his business via the internet.

AFTER the resignation of the speaker of the House of Commons Michael Martin last week, the subject of this cartoon of the 1830s could hardy have been more topical.

THE petition to persuade the Government to ease business rates in support of the art and antiques industry is gathering momentum.