At the beginning of series 2, Lovejoy has just come out of prison after serving a sentence for theft. He believes he was set up and returns to Suffolk hoping to find the villain and get even.

Lovejoy values the house contents of an elderly widow, an old friend of Jane's, who is burgled soon afterwards. Finding he is the local police's prime suspect, Lovejoy decides to work out for himself (with the help of Brian Nunn, a remarkable bin man) who was behind the burglary. Matters are complicated by Eric's 'bin diving' habit.

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.

Lovejoy is asked to value an ancient Chinese terra-cotta figure of a pig. Then he falls off a bicycle and breaks his leg, landing him in hospital. The pig's owners, curiously, are doing their best to have it under-valued. Meanwhile, Eric needs to sell his ancient motorbike and comes up with the story that it once belonged to Lawrence of Arabia. And pigs might fly...

Jamie, an old friend of Lovejoy's, turns up on his doorstep needing help with an urgent problem. He can't afford to retrieve a wonderful painting from a pawnbroker, and there are only a few hours to go. Lovejoy agrees to help Jamie raise the cash - but Jamie's estranged wife is also on the warpath...

Lovejoy buys a set of James Gillray drawings, which turn out to be copies. While trying to sell them, Eric finds a stolen statue with an aristocratic connection at the house of some friends of Jane's. Then there's a Royal Visit to consider...

Lovejoy buys a nineteenth-century dresser for a song, after getting advice from a Caribbean specialist. Meanwhile, Charlotte has mixed feelings about being left holding someone else's baby.