Colin Gleadell gives a lesson in the value of art, no matter when you decide to buy:

Art dealer Jeremy Taylor had a surprise call from a woman who had seen his recent catalogue of paintings by Edward Seago. “She asked about three pictures, and then said she would buy them,” says Taylor. The price was £200,000 all told. “She couldn’t come and see them,” says Taylor. “She’s 90 years old. Had money in the bank, and just wanted to surround herself with beautiful things.”

Jimmy Greaves Sells Clarice Cliff Collection (Telegraph)