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The global market for art and antiques may have dropped by seven per cent in sales by value last year, but this is “not a signal that the bubble has burst”, the art market’s leading economist told TEFAF 2016 delegates this morning.

A 16th century Tibetan gilt-bronze figure of the Buddhist deity Green Tara sold to an international bidder for £15,500 at Bellmans in Wisborough Green – a coup for the vendor who had paid just £25 for it at a car boot fair.

With the preview of TEFAF 2016 now underway, ATG gives you a snapshot around the stands of the fair.

Very much the pièce de résistance of Bonhams’ first oak interior sale held in their New Bond Street rooms was the final lot of the day, a 23 x 17in (58.5 x 44.5cm) Tudor oak panel carved in high relief with a portrait of a king holding an orb and sceptre, thought to represent King John.

Global art sales fell during 2015 with the most significant a decline coming in the Chinese market.

Interior designers have picked a model of the Temple of Zeus and a tortoiseshell tea caddy as two of their favourite pieces at this year's BADA Fair.

Tighter regulations surrounding fraud and money laundering are prompting French banks to close the euro accounts of some UK dealers and shippers.