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“The result reflected how the Old Master drawings market is both buoyant and speculative and, as ever at auction, prices can go sky high if several people want it on the day.”

Melissa van Vliet, head of Old Master paintings at Chiswick, where an Italian drawing, c.1600, made £58,000 over a high estimate of £350. It was among nine “mega-sleepers” that have sold at auction this month.

“Forensic examination work is continuing at the scene. No arrests have been made.”

The Met in a statement following a Fleet Street jewellery heist at the shop of jewellery dealer George Attenborough & Son.

“We recognised that The Art & Antiques Fair Olympia needed a strong, distinctive identity of its own, and to distinguish it from the House and Garden Festival with which it is co-located for the first five days.”

Olympia fair organiser Mary Claire Boyd of Clarion Events as changes were announced to this summer’s event.

“Invoice fraud could happen to businesses of all sizes.”

Katy Worobec, manager of economic crime at UK Finance, which has warned that businesses – which can include galleries and dealers – lose £93m a year to invoice scams.

"Our clients realise that trade buyers will know the ball-park value of these objects but wouldn’t pay much attention to estimates and instead will be guided by their own instincts." 

Colin Young of Golding Young & Mawer, which will auction off an 800-lot collection of Stamford dealers Gavin Burns and his son Ross without reserve.