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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.

Rise of Winifred Nicholson goes on apace with amazing bid of £100,000 for portrait of Ben: Over the last two or three years Winifred Nicholson (1893-1981), the first wife of Ben Nicholson, has become an increasingly significant figure in the Modern British market, culminating in the record £52,000 paid last July at Phillips for one of her trademark window still lives.

Anyone looking at this small 19th century still life painting, right, for the first time could be forgiven for rubbing their eyes with disbelief to hear that East Sussex auctioneers Gorringe’s (15% buyer’s premium) had allocated it an estimate of £20,000-30,000 at their January 29-31 sale in Lewes.

Antiques Shops, Fairs and Auctions 2002, published by Mitchell Beazley, ISBN 1840005696. £12.99

The most recent of the three annual Olympia fairs, the Spring Fine Art and Antiques Fair, which runs at the West London exhibition halls from February 26 to March 3, is a mix of traditional and modern very much with the decorator in mind.

Pictured right is one of Twelve Angels, 9ft 10in (3m) high towering chairs made of dried branches that look like sinuous dancers. They are the work of Polish designer Dorota Koziara and three of these are among the more striking furniture forms to be found in CDA 2002, the 6th annual exhibition of Contemporary Decorative Arts and Design that opens at Sotheby’s Bond Street Galleries on February 20 and runs until March 1.

The Ticktum Collection by Colin Ticktum, published by the Ticktum Charitable Trust, Elwyn House, Cow Hill, Norwich NR2 lEZ. ISBN 095413809 £25 plus £3.50 p&p.