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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.

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.

Even without the worldwide crises of the last two months, the market for Islamic works of art has always been volatile, subject to price polarisation and a degree of selectiveness.

Two rather different toy sales went under the hammer early last month. October 4 saw Christie’s South Kensington (17.5/10% buyer’s premium) put some 465 lots predominantly devoted to dolls under the hammer while six days later Bonhams & Brooks (15/10% buyer’s premium) offered an even bigger, more general 630-lot mix of playthings ranging from Dinkys and lead figures to dolls, soft toys and tinplate.

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.

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.

Two of the biggest art insurance companies have warned the trade to expect a 20 per cent rise in the cost of renewing policies following the terrorist attacks in America, and the Afghanistan war.

Christie’s will close their office and saleroom in Athens on November 30, with the loss of all seven staff. The company is also shutting offices in Oslo, Stockholm, Frankfurt and Copenhagen, with the loss of at least 12 administrative staff, with further office closures expected in Asia and America by the end of the year.

Complaints taken up with Austrian ministry: Further investigations by the Antiques Trade Gazette into dealers falling foul of the FAIRGuide charges point to there being no protection for the trade under English law.

THE nationwide buyer-base of Lays auctioneers was reflected by concerns far beyond the Duchy – Bath dealers, for instance, were particularly worried about selling on to American clients. However, a £213,076 total from 1906 lots was proof enough that business is still there to be done.

Fresh-to-market goods from the deceased estate of a well-known Lincolnshire lady, Mrs Rosalys Ransom, ensured keen trade and private interest at this Lincolnshire sale on 26 September at Thos. Mawer resulting in a 75 per cent take up of the 522 lots and a total of £123,000.

THE acceptance that silver has long lost its shine does not mean that there is no active market, just that prices are lower. After this sale of 340 lots at Phillips’ Midlands operation on 19 September the familiar picture emerged of modern pieces struggling, standard material chugging along and items with appeal beyond the metal doing rather well.

Penrith Farmers' and Kidd's have been badly affected by world events this past year. Situated in one of the worst hit areas for the Foot and Mouth epidemic, the county all but shut up shop. And just as things were starting to pick up the devastating events in America have created a marked caution in the trade.

This sale comprised some 308 lots of which 300 had all come from the home of the late Brian Donald Hewens Miller.

Like English haggis and Scotch rarebit, the idea of Welsh Whisky is somewhat dubious. A few years ago a Welsh bottling company began to market a product called Welsh Whisky, which won praise from American connoisseurs but was just Scotch whisky in disguise.The company subsequently ceased trading.

THIS year’s annual International Fine Print Dealers Association Print Fair, scheduled for October 31 to November 4, has been cancelled with the forced closure of the Seventh Regiment Armory to non-military activities.

The market continued to favour top-quality fresh-to-the-market works at the expense of lower-end entries at Phillips (15/10% buyer’s premium) antique and modern jewellery sale on October 10.

Sotheby’s (17.5/10% buyer’s premium) move to Olympia was accompanied by a rethink of auction selling categories. Their general ceramic and glass sales have been split into smaller specialised European ceramics, British ceramics and glass auctions each to be held tri-annually at Olympia.

Job lots in local sales that are not widely advertised can sometimes yield the greatest bargains. As such, this William III oval silver spice box, right, was the treasure acquired with the detritus of a job lot by a local dealer at a Nottinghamshire auction for just £12.

SOTHEBYS.COM are offering a rare portrait by Frederick Lord Leighton, which has been discovered in the estate of a collector from Indiana in the United States.