Turpentine is made of pine, which is hard on a finsh. To get around this it must be good and dry and sealed with sanding sealer. Then you can top it off with whatever you like, perhaps a milk white glaze and lacquer or a good clear high gloss poly.
Overtime it will yellow, but the glaze should essen the yellowing effect.
Turpentine Tur"pen*tine (t^ur"pe^n*timacn), n. F.
t'er'ebenthine, OF. also turbentine; cf. Pr. terebentina,
terbentina, It. terebentina, trementina; fr. L. terebinthinus
of the turpentine tree, from terebinthus the turpentine tree.
Gr. tere`binqos, te`rminqos. See Terebinth.
A semifluid or fluid oleoresin, primarily the exudation of
the terebinth, or turpentine, tree (Pistacia Terebinthus),
a native of the Mediterranean region. It is also obtained
from many coniferous trees, especially species of pine,
larch, and fir. - 1913 Webster
Here's a link to the glaze I use, I also use it as toner, it's good stuff!
http://www.mohawk-finishing.com/catalog_browse.asp?ictNbr=176&atomz=1
Hope this helps somewhat ?