As the third series begins, Lovejoy returns to Felsham after a long break in Spain, where he was trying (without marked success) to learn to paint. He quickly seeks out Tinker (who has joined a monastery), Jane, who has a new look, and Eric, now working as a security guard. Victoria Cavero, an old friend of Jane's, comes to stay, and Lovejoy loses no time in falling for her. Victoria wants to sell a South American gold ring, and the ring sets in motion strange events for Lovejoy and Jane, including safecracking, kidnapping, polo and betrayal.

Jane decides to sell an Anatolian rug. When it comes up for auction, an old lady at the sale, Harriet Fisher, buys a Berber rug for her dog, but a young Arab who also wanted it promptly steals it from Harriet. Lovejoy is curious and decides to investigate... Meanwhile, Alexander and Jane are quarrelling badly, and they decide to split up.

The Lovejoy Antiques team is in Brighton, scouring the town for a really grand set of old china. Charlie Gimbert (as ever) causes some havoc, and then there's the story of the antique chairs...While on the china trail, Lovejoy chances on a stunning rip-off with hundreds of porcelain plates.

Jane's old dance teacher wants Lovejoy to sell a mirror. This then leads to a deal which involves the apparently one-eyed Roderick Frew. Jane informs Lovejoy that Alexander is broke, Felsham is in the hands of the receivers, and she is leaving.

After a dealer apparently disappears over the side of a cross-channel ferry, Lovejoy acquires two china geese. Charlie Gimbert, in pursuit of local ambitions, decides to impress the community and asks Charlotte to act as hostess at a Dog Show and Wildlife Auction at Felsham Hall. Lovejoy organises the auction, including his geese - and Charlotte invites him home for a dinner for two.

Tinker disappears, and Lovejoy sets off to find him. He arrives in Devon, where he discovers that Tinker's real name is Archie and that he has a sister whose hotel business is threatened by a rogue property developer. Charlotte and Beth join them and they look for ways to raise money to save the hotel. Meanwhile, Tinker has lost the key of Charlotte's safe-deposit box.