There's more than one way to varnish a cat. Er, ummm...
I have taken to using Le Tonkinois Nr. 1. It's the easiest to go on I've found, because it's just oils and resin, no solvents to evaporate off. Keeps an easy wet edge. I use foam brushes, because a) I can't clean a badger hair brush to prevent minuscule flecks of dried varnish contaminating new project no matter how much mineral spirits I clean them with and b) I feel I can control the thickness of the layer better with foam brushes, which is super important with non-level surfaces and preventing INEVITABLE drips. Hell, I can even get drips on level, flat surfaces!

Remember, the number of coats of varnish required to do the job is n+1. You never get to a final coat, always a next-to-last coat. I say a minimum of 8, 12 is better. Usually I'm going out of my mind at 8, so if the flaws in coat 8 are ok, I stop there. But often on to 9 or 10. Generally I can do 1 coat a day, for 2 or 3 coats, then let it set an extra day or two to move on to the next coat. Spoke with the guy at
www.tarsmell.com, and he doesn't see a need to sand between coats. In order to fix the dust or hair issues, I often wet sand between coats when necessary.
You should sand very lightly and add 1-2 coats per year. Keeping it covered when not in use is the best thing you can do.