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“There remains an exceptional amount of money available for the best items but not much to spare for the rest.”

Guy Schooling, chairman of Sworders on the state of the market.

“People tend to fancy the cars their parents had, or perhaps those they wish their parents had. So guys who were children when hot hatches and fast Fords were new are seeking them out now.”

Keith Murray of Morris Leslie Vehicle Auctions in Errol on the ‘young classic’ car market.

“It is a fantastic collection, near on 1000-plus lots. He authored a number of books on the subject as well, so a lot of collectors took the opportunity to buy things that were featured in the books. Once it had been up at auction, chances of finding another one are few and far between.”

Matthew Tredwen on the sale of the Michael Baldwin collection of First World War imperial German militaria at C&T Auctioneers. It is divided into two parts, the first of which took place January 31.

"The market is definitely coming back for the good-quality pieces and it seems that privates are looking to buy direct from auction." 

Michael Scott of Hutchinson Scott following their sale last month, which included some good results for quality furniture. 

“[Attendees included] young designers from New York and California. It was rather encouraging frankly. I think it was the simple things that were appealing to them.”

Doyle’s director of furniture Peter Lang on the sale of the English furniture, works of art and decorations from the collection of the Noel and Harriette Levine.

“The UK could take the lead internationally. We need a publication of standards, and mandate a certain level of training. When there are near-misses it should be reported, anonymised and circulated so others can learn from it.”

Julian Radcliffe, chairman of The Art Loss Register, speaks at the TEFAF Talk Taming the Beast.