It never ceases to amaze me how what are, frankly, in my opinion a series of unattractive daubs flung together in the name of Contemporary art can make millions at auction when highly accomplished and rather beautiful Victorian landscapes can be had for buttons.

I suppose that fashions change and, with them, tastes. Don’t get me wrong, I think a great deal of Modern and Contemporary art has a lot to offer, but it is also rife with mountebanks. However, the flipside of what has been a rather subdued market for late Victorian and Edwardian painting is that you can pick up stunning art for very little indeed.

Just browsing through one of the online auction platforms the other day, I worked out that, with a fair wind behind me, I could fill a whole wall with stunning Victorian and Edwardian watercolours for less than £2000. Some of the pictures looked a bit tired, but closer inspection revealed that they simply needed a new mount and frame, and at these prices this was very much a realistic option.

I have no idea whether art like this will enjoy a renaissance in years to come – although it certainly deserves to – but those cherry picking now will be in the best position to capitalise if it does. And if prices remain in the doldrums, well they will have a fantastic selection of art gracing their walls, which they will never tire of.

As Francesco Molinari lifted the famous claret jog at Carnoustie to celebrate his victory at The Open – the first golf major win for an Italian – I recalled once again that this is a sport that hovers close to the top of the collecting table in terms of popularity and values when it comes to memorabilia.

Hickory clubs, rare golf balls and, of course, famous trophies all feature among the top prices at auction, one of the most memorable being Arnold Palmer’s Masters trophy, a rather stunning piece of silverware modelled as a miniature version of the Augusta clubhouse, which went for $444,000 at the appropriately named Green Jacket Auctions in 2016.

While British collectors are very active, the real centre for this field is the US, so it was no surprise when one of the oldest clubs known, a square-toed iron dating to the 1600s, sold from a leading collection for $151,000 at Sotheby’s in New York in 2007. It was designed for use on sandy or stony ground and is one of only half a dozen surviving clubs of a similar age.

Rory McIlroy’s 2014 Open Championship golf ball sold for $52,000 – also at Green Jacket Auctions – beaten only by a signed vintage Bobby Jones ball, which made nearly $56,000 in 2011.

For rare and ancient, the prize for a golf ball goes to an 18th century feathery that took £24,000 in 2004, selling to Jamie Ortiz-Patigos, owner of the Valderama course. The ball was the first ever made by Allan Robertson, one of the best-known early promoters of the game.

This week I want to draw attention to an auction taking place on Saturday (July 21) in aid of a special cause. Many of you will remember the hugely talented and popular Henry Hope-Frost – ‘Mr Fever’ – one of the best-loved figures in motorsport journalism and commentating, who tragically lost his life in a motorcycle accident in Grayswood in March this year while returning home from Goodwood. He was just 47.

I’m pleased to say that friends and supporters have rallied round to put together an auction of excusive motorsport memorabilia in support of Henry’s family, which will take place at Silverstone Auctions during the Silverstone Class Event.

Among the highlights are five sets of overalls donated by Formula One teams, including a set worn by Lewis Hamilton at the 2017 Russian Grand Prix, and a set of Williams overalls in the special livery used by Felipe Massa at the 2016 Brazilian Grand Prix. McLaren have even donated a set of overalls dating back to 1998 that were worn on several occasions by David Coulthard.

Kimi Raikkonen of Ferrari has donated a signed pair of his driving gloves, and there are a lot of other goodies to bid on too. It’s heartening to see the esteem in which Henry is still held. Visit www.silverstoneauctions.com

Whisky is proving to be one of the great modern collectables, attracting a young buying base as well as long-term, well-heeled enthusiasts. But before you dip your toe in the ‘water of life’ – the word whisky comes from the gaelic ‘usquebaugh’ with that meaning – it’s a good idea to develop a little understanding about how the market works.

For a start there are really two whisky markets: one for rare bottles left over from defunct distilleries or age-old bottlings; the other for new limited edition bottlings of rare casks put aside for special occasions some time ago.

To give you an idea of what these can make, a Hong Kong bidder has just beaten off competition from dozens of rivals to win a bottle of Bowmore 1966 Samaroli Bouquet at £50,000. It was first bottled 18 years after distillation in 1984 and only 720 bottles have ever been produced.

Check out its ranking among the 1000 best whiskies of all time on Whiskybase.com and you will find it at… Number One, with a rating of 96.49 out of 100.

Whether you are going to buy for investment or simply for drinking, it pays to start with the great whisky guru, Charles Maclean’s, Whisky Wheel (see whiskymax.co.uk) and to follow some of the experts, like Dave Broom (@davebroomwhisky) and Neil Ridley (@NeilDram).