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This Chinese turquoise ground ewer, standing just 73/4in (19.7cm) high, belongs to a group of ritual wares specially commissioned by the Qing Court for placement on Buddhist altars. Their function was for ceremonial use in palaces and temples either within the Forbidden Palace or Bishushanzhuang in Chengde.

Late trading in New York on February 21 saw the price of gold rocket $23.50 (£16.50) to $680.50 (£482.50) an ounce, its highest close since July 7 last year. The leap followed publication of the US Department of Labour’s Consumer Price Index (CPI) report showing inflation had risen faster than expected in January.

CHRISTIE’S International have raised the stakes in the frantically competitive post-War and Contemporary art markets by acquiring leading dealership Haunch of Venison.

SOTHEBY’s are attempting to gain a lead over their competitors in the crucial area of client services by announcing major enhancements to their website. It follows the decision by rivals Christie’s to bring in new online features such as live bidding last year.

SILKS from China, carpets from Persia, cottons, shawls and kilims from India, Euopean embroidery and lace, antique buttons and bows – some of these fine textiles, fabrics and accessories are now an essential part of any vintage fashion fair.

THE FBI have arrested a retired lawyer who became involved in a £20m stolen art saga. If convicted, he could face up to 10 years in jail.

A NEW government-backed website is promising to be a one-stop shop to help people buy and sell antiques legally.