The talk of TEFAF, so far, are a pearl-dropping neoclassical clock, a $25 million Giacometti sculpture, and the new works on paper section including such gems as Gainsborough drawings and Irving Penn photographs. Opening night, some collectors grumbled that there were no big-ticket paintings (ie., $30 million Rembrandts) for sale, even while brand names from Botticelli to Gauguin, culled from private collections and priced in the tens of millions, are offered.

TEFAF is on through March 21 in the Dutch city of Maastricht.