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UK: FURNITURE and clocks made the running at the South Coast auctioneers’ final sale before Christmas, where local dealers were doing some last-minute shopping.

UK: ARTS Minister Alan Howarth has announced that the Government will pay £125,000 compensation to a family forced to sell a painting as they fled the Nazis.

FINE wine is one of those areas of the auction market which is bound to catch a cold if the world economy sneezes into recession or slowdown over the coming months. Higher than usual unsold rates at recent auctions in London and New York would suggest that buyers are already taking a more selective view of the wine market.

UK: TWO days of selling in the niche sporting memorabilia market resulted in something of a score draw for specialists Mullock Madeley.

Irish bid beats London trade to £11,500 bureau plat UK: PHILLIPS’ Northern torch carrier nets consignments from an extensive area – everywhere east of the Pennines from the Scottish Border to South Lincolnshire – but, even so, the fine furniture sales that used to be held six times a year are now quarterly events with fairly slim 200-250-lot catalogues.

UK: THIS 63/4in (17cm) high striking table clock proved to be the most expensive lot in a sale of clocks and watches held by Christie’s South Kensington 17.5/10 per cent buyer’s premium) on December 14.

UK: SPECIALIST auctioneers Tool Shop Auctions (10 per cent buyer’s premium) finished the year with an 1100-lot dispersal on December 4 at Needham Market Suffolk, where a UK bidder beat an American rival to the top seller, this extremely rare boxwood Ultimatum brace, right, by William Marples.

UK: THE last of the monthly sales of collectors’ items and antiques of the year at Cirencester was dominated in visual terms by a pair of Cotswold stone columns, 7ft 6in (2.25m) high, which had been rescued by the vendor from a cowshed where they had lain for 60 years. They achieved a new-found status when they sold at £1200.

UK: LOCAL bidders accounted for most of the Oriental and European ceramics and works of art offered at Edinburgh where 306 lots totalled £75,000 but the top seller went to an English bidder.

HOPES of clarifying ownership rights over items sold at auction on the Internet have suffered a setback with the settling out of court of a potentially precedent-setting case.

Sotheby’s Holdings have confirmed that eight per cent of their staff worldwide – around 165 employees – are to lose their jobs as part of a cost-cutting and restructuring programme.

UK: THE Export Review Committee, which assesses whether outstanding works of art should be allowed to leave the country, has helped six such pieces stay in Britain in the past year.

UK: IF you stood fuming on the cocktail party sidelines over the festive season as your wife/husband got on famously with a lecherous member of the opposite sex, then something like this oversized (18in) metal syringe and vial which appeared at Christie's South Kensington on December 12, would have come in rather useful.

YAHOO have decided to ban sales of Nazi memorabilia and other items promoting racism from their Website from January 10.

USA: A 137-lot collection of marine archaeological artefacts salvaged by the company Arqueonautas from seven wrecks on the reefs of the Cape Verde Islands rounded off Sotheby’s horological and scientific auction on December 19.

FRANCE: Following a two-year investigation, French police have rounded up a gypsy gang responsible for hundreds of thefts from châteaux and private homes, many in Normandy and the Paris area.

THE flooded Welsh Marches in November didn’t augur well for sales but the Herefordshire auctioneers even managed to find a buyer for a highly unseasonal garden seat.

UK: Major new initiatives, including the introduction of a new criminal offence, are expected to come into force in the next few years to tackle illicit trade in cultural property.

UK: THE market in Guinness collectables continues to be as thirsty as that for the black stuff itself, to the point where buyers have to be on guard against forgeries of better known pieces.

FRANCE: THREE French museums have become embroiled in legal controversy after harbouring works of art looted from their original owners during the Nazi occupation of France during World War II.