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BOOKS played a fairly minor part in the first Newbury antiques sale of the year at Dreweatt Neate on 30 January – one that raised in excess of £1.5m, a record for the Berkshire saleroom – but they did get the proceedings under way, and the very first lot in the catalogue, a misbound and now disbound and browned copy of Love in a Village, a comic opera as performed at The Theatre Royal, Covent Garden... showed the way in selling for a double estimate £200.

FRANCE: TOBACCOLOGY may not be the word on everybody’s lips in these smoke-free days but it was the official theme of the offbeat sale held by Rieunier-Bailly-Pommery at Drouot on January 28.

FRANCE: Camard reported “strong progress” in demand among trade and private buyers for 20th century ceramics last year. They returned to the field this year when they offered a “panorama of 100 years of history of ceramics” at Drouot on January 25.

THE judgment in the £1.5m claim against Mayfair art dealers Agnew’s could have important repercussions for the rules and conventions on attribution in UK art sales.

Sotheby’s have responded to the threat of legal action over alleged price fixing at UK auctions, playing down the claims of legal firm Class Law.

FRANCE: Pictured right is a restored 18th century two-part fountain basin, with a veined red marble shell topped by a white stone lion head, which sold over expectations for €25,000 (£15,500) at Tajan on January 30

Buying art as an investment has always been a perilous business. Back in the 1920s during the so-called Etching Boom speculating collectors were prepared to pay hundreds of pounds – ie more than the price of an average London house – for single prints by ultra- fashionable artists such as Muirhead Bone, David Young Cameron and James McBey.