IMPROBABLE GIFTS FOR IMPOSSIBLE PEOPLE
IMPROBABLE GIFTS FOR IMPOSSIBLE PEOPLE 18 OCTOBER 6-8PM WORKSHOP / Wellington Corner Customhouse & Hunter 04 499 9010 Webb’s and Workshop invite you to celebrate the stranger things in life. Offering 50 eclectic pieces, from the curious to the contemporary, ‘Improbable Gifts for Impossible People’ is a chance to acquire something entirely unique for that impossible person in your life. Auction curated by Zora Bell Boyd. Throughout the evening, Webb’s will be serving Beck’s “John Reynolds” Art Beer, Floating Mountain Wine and Rochfort Rees Wine. Come join us. A range of charitable donations will be made to the Wellington City Mission throughout the evening. View the catalogue and place bids online at webbs.co.nz. View items on the night. RSVP to rcm@rcm.co.nz
www.webbs.co.nz
WEBB’S / WELLINGTON IMPORTANT WORKS OF ART We are offering a dedicated art-market service to the Wellington region. Webb’s now provides a Wellington focused fine art service, which is led by Carey Young. Operating since 1957, Webb’s delivers an unrivalled level of service and more than four decades of New Zealand art-market experience.
Wednesday 28 November 2012 Consign Now
Contact Wellington Fine Art Specialist Carey Young E: cyoung@webbs.co.nz P: 021 368 348
Peter Robinson 100% oil stick and acrylic on timber packing case 1,230mm x 1,610mm Provenance: Purchased by the present owner from Peter McLeavey Gallery, 20 July 1995. $16,000 - $20,000
New Zealand Studio Ceramics
Wednesday 5 December 2012 Consign now
This sale will include works by Len Castle, Mirek Smisek, Barry Brickell, Yvonne Rust, Wilf Wright, Ann Verdcourt, John Parker, Cheryl Lucas, Richard Parker, Estelle Martin, Tony Fomison, Paul Rayner, Bronwynne Cornish, Helen Mason, Andrew van der Putten, Kate Springford, Blue Black, Janet Green, Graeme Storm, Charles Holmes, Sue Collins, Rick Rudd, Mark Rayner and Katie Gold. Contact Brian Wood E: bwood@webbs.co.nz P: 09 529 5609
Rabdeep Singh-Bains Hair glazed ceramic
Peter Webb Galleries Providing Private Treaty Services since 1957. Contact: Sophie Coupland, Director, Art Department Telephone 09 529 5603
IMPORTANT PAINTINGS & CONTEMPORARY ART Contact
Wednesday 28 November 2012 Consign now
Director Art Department Sophie Coupland E: scoupland@webbs.co.nz P: 09 529 5603
Charles Goldie A Sturdy Stubborn Chief Pokai, A Warrior Chieftain Of The Ngati Maru Tribe oil on canvas signed C. F. Goldie and dated 1920 in brushpoint upper left; signed C. F. Goldie and inscribed A Sturdy Stubborn Chief Pokai, A Warrior Chieftain Of The Ngati Maru Tribe in ink on original artist’s label affixed verso 260mm x 210mm $200,000 - $300,000
ENTRIES NOW INVITED IMPORTANT PAINTINGS & CONTEMPORARY ART
Wednesday 28 November 2012
Entries are now invited for Webb’s final sale of important paintings and contemporary art for the 2012 season. A strong market continues to deliver record results and this auction will present a significant and focussed selection of contemporary practise, major modernist paintings and historical artworks. Please contact Sophie Coupland, Director of Art for a concise opinion on current market dynamics and to discuss consignment.
Wellington contact Fine Art Specialist Carey Young E: cyoung@webbs.co.nz P: 021 368 348
Auckland contact
Cover: Julian Daspher Untitled vinyl on drumhead mounted in drum shell 580mm x 580mm x 230mm $17,000 - $25,000
Director Art Department Sophie Coupland E: scoupland@webbs.co.nz P: 09 529 5603 M: 021 510 876
New Zealand’s Premier Auction House
www.webbs.co.nz
1 The Emerging Artist “Captain Castle and the Ultrafast broadband booster”. Ceramic and found object. By Sue Collins, 2012. $600 - $1,200
2 The’88 Krug $400 - $500
3 The Raccoon Skull $50 - $100
4 The Doll Lovingly created by a love lost seaman sometime in the 19th century. This piece was originally created from hippopotamus ivory (If you look at it with a magnifying glass you will see the tight parallel lines of the hippopotamus grain). The ebony feet were later added by local master carver Owen Mapp, who confirmed that it was common for sailors in the 19th century to pick up hippo tusks around the African Coast to carve and trade. Such sailors would often be inspired by the distant memories of their long left girlfriends. $200 - $300
5 The Christ This little survivor of faith is in beautiful condition, although he seems to have lost his cross to bear. Hand carved from wood with lead hands. The rather explicit finish is typical of Lima Peru circa late 1700’s early 1800’s. Purchased in 1992 from Antiqua Milafores. $1000 - $2000
6 The Shaker Take the boar by the tusk and get mixing. Circa 1900. $150 - $250
7 The Giant Organ Vintage Marine Band Echo Harmonica. $40 - $120
8 TheThinking Place $200 - $400
9 The Evening Warmer The St Magdalene distillery was established at some point during the eighteenth century. The exact year is unknown, though it is known that Sebastian Henderson was the founder. The first date attached to the whisky distillery was 1797 - the year that Adam Dawson of Bonnytoun became the distiller. The site originally held the twelfth century hospital, St Magdalene, and later the convent Lazar House. The St Magdalene distillery sits in eastern Linlithgow in West Lothian. During the seventeenth century the area was a nucleus for local malting and milling. The area is rich in natural resources; there are many pure water sources as well as the barley-rich Lothians. It was in 1912 that then owner A & J Damson Ltd went into liquidation and subsequently Distillers Company Limited acquired the whisky distillery. Not long after this, in 1914, Scottish Malt Distillers Ltd (SMD) was formed. SMD was born of a merger between Distillers Company Limited as well as John Walker & Sons and three other Lowland distillery companies. After the Second World War, the Scotch whisky industry experienced the same boom and bust that the UK has been suffering of late. After rationing was abolished, sales of whisky greatly increased and the industry was fervent in meeting demands and exploiting the new market. As such, many companies and distilleries were expanded, though much of this was based on borrowed money. Unsurprisingly, the bubble burst. During the late 1970s and early 1980s there was a significant slump in the market, and in 1983 the stills of St Magdalene ran dry. There are still bottlings available, though they are becoming increasingly rare. There has been an official release from the Rare Malts range as well as a handful of independent offerings under the names St Magdalene and sometimes Linlithgow. St. Magdalene 1979 - 19 Year Old Rare Malts Distilled 1979, 19 Year Old, Rare Malts Selection. Limited Edition Rare Malts Selection: Bottle Number 3822. 70cl / 63.80% Vol. Good Label: Level into neck. $900 - $1100
10 The Morepork We have all experienced the the melancholy sound of the ruru New Zealand’s only surviving native owl. $600 -$1200
11 The Can Opener The perfect tool for some mantime tinned beefness. $30 - $60
12 The Crystal Charity Ring Forged sterling silver ring with a cathedral quartz. This is a one off Wunderkammer ring. Hand made from start to finish in the workshop by Zora Boyd Bell. The full proceeds of this sale will go to Kent Street. $350 - $450
13 The Crystal Charity Necklace Silver and crystal “Hebi Gebi II� Necklace by Wunderkammer Jewellery. Dripping in numerous Brazilian clear quartzes to recycle any negative energy that comes your way into positive energy. Each one of these necklaces are custom made by Zora Boyd Bell. No two pieces are exactly alike. All proceeds of this sale will go to Kent Street. $1000 - $1500
14 The Chairs A pair of English Victorian wooden chairs, with original worn leather. $500 - $1500
15 The Table Tools Georgian spoon and tongs. Hallmarked, sterling silver. $100 - $200
16 The Killer Fan The art of fighting with Japanese war fans is known as tessenjutsu. Used both as a close quarter weapon and a signifier of rank, the samurai fan was a deadly piece of attire. Most typically hung from the belt or the breastplate, the Samurai could take fans in to places where swords or other overt weapons were not welcome, such as steam baths and sake houses. Fashioned from heavy lacquered paper with strong ribbing, the open fan was capable of delivering severe lacerations. Housed by a metal outer, the fan once closed could also be used as a light and highly articulate baton. The tessen was also used for fending off arrows and darts, as a throwing weapon, and as an aid in swimming. One particularly famous legend involving the war fan concerns a direct confrontation between Takeda Shingen and Uesugi Kenshin at the fourth battle of Kawanakajima in 1561. Kenshin burst into Shingen’s command tent on horseback, having broken through Shingen 18,000 personal army, and attacked; his sword was deflected by Shingen’s war fan who then parried with a tessen and took Kenshin out. Just like that. $200 -$400
17 The Cigarette Case Collection An instant collection of five sterling silver cigarette cases. All of the cases are hallmarked sterling silver and Birmingham. The box is of Japanese origin. There are various engravings on the front of the cases. 1912 fliptop, FRB “finely rolled beauties”, Artdeco TML “To my love”, The large piece has a majestic crown and the smallest has DFC “Double fun cigarettes”. $500 - $1500
18 The Ceremony Bowl Marquesan Bowl. Decorated with elaborate low relief geometric designs. Rich brown patina. Marquesas Islands H110mm, W445mm,D 230mm. Provenance: From the collection of Merton D Simpson, New York. $800 - $1200
19 The Lamp By Horstmann Pluslite. Vintage English desk lamp with cast steel square base and counterweight featuring makers mark. Offers original magnifying lens and a complex articulation at shade, base and arm. Flip lense for projecting and tracing. Circa 1940. $1000 - $1500
20 The Man Made Freak A sweet little conversation piece. This newly taxidermeried two headed duckling displayed in a glass dome will definitely create a smile or a frown? $10 - $100
21 Workshop Denim Martin Poppelwell rose print shirt – proceeds to Wellington City Mission. WORKSHOP’s on-going tradition of collaborations with New Zealand artists continues for Summer 1213 with an exclusive rose print by Martin Poppelwell. The series features men’s slim fit chambray and poplin shirts and men’s and women’s tees. Each piece is hand printed with the colours individually layered and hand finished – no two pieces are the same. Full sale proceeds go to the Wellington City Mission. Workshop Denim Martin Poppelwell mens rose shirt – size medium $298.00 (Size range S – XL, size can be exchanged upon request) $200 - $300
22 Workshop Denim Martin Poppelwell rose print tee – proceeds to Wellington City Mission. Workshop Denim Martin Poppelwell Summer 1213 womens rose t-shirt. Full proceeds to the Wellington City Mission. Size medium $149.00. (Size range S,M,L, size can be exchanged upon request) $80 - $150
23 The Cased Word Old Bible hardly used, in old wooden book case. Superb hand-coloured engraved plates (approximately 56). Contemporary full calf binding with some general wear and rubbing. Contents clean and tight, but appears fairly unread. Original marbled yellow/ blue end papers. F. Plates mostly clean, but some printed on different papers. No date, but Copac states 1882 refer pp992, 284. $500 - $700
24 The Weapon A Wahaika of orthodox form with the blade offering highly resolved and complex rauponga and whakarare styled carving. The inturn presents the manaia with paua eyes. Historically used in battle Wahaika means ‘the mouth of the Fish’. The first opponent dispatched in battle was termed ‘the first fish’. Although traditionally reserved for warriors of high status they are now often given as gifts to symbolise courage and determination. C. 1920s. L 370mm W. 120mm. Circa 1920. Y15069. $1200 - $1500
25 The Art Books John Reynolds “Certain Words Drawn� Limited edition 127/200 each front of the limited edition has been hand enhanced by the artist. Together with Michael Parekowahi edition. Published by Michael Lett. 2007. Mint condition and Unopened. $300 - $400
26 The Art Glass Pair of tulip red art glass vases. $150 - $250
27 The Mcleod Small Figurative Diptych’. Oil on linen. 40mm x 60mm each. 2010. $3500 - $5000
27A The Maw Grim Reaper. Oil on board, 218x163mm, 2011. Exhibited at Ivan Anthony. $4500 - $5500
28 The Gasher Fine Makonde Mask. An exquisitely formed and deeply hollowed mask in a traditional style with wide cylindrical neck. Facial features are sensitively carved with downward-sloping lidded eyes, fleshy ears, broad nose and full lips baring finely pierced teeth through which the wearer sees. Fine patina of red and black pigment. H.250mm, W.190mm, D.280mm. Provenance: From the collection of Merton D. Simpson, New York. Formerly in the collection of Alain Dufour. $3000 - $4000
29 The Ring Set 15 hand carved horn rings of all sizes for an instant collection, or a gift for each friend. Start a secret club perhaps. $200 - $300
30 The Designer Bracelets Three Charles Marks bracelets. Two Stainless Steel and one gold plated. Comes with the book “Heartline of Work� which holds the full descriptions of the designs and award winning packaging. $200 - $400
31 The First Editions Will Self book x 2, both first editions. How the Dead Live (2000) is signed by the Author. “Over the past two decades Will Self has established himself as one of the most entertaining and satirical writers of contemporary British literature. Lauded for his dazzling wordplay and loathed for being deliberately challenging, these traits are exemplified in the two novellas that comprise Cock and Bull (1992) and his later work, How the Dead Live (2000). In these tales Self invents lavishly grotesque worlds. A man wakes up to find a vagina behind his left knee and London is inhabited by chain smoking dead people who are haunted by their aborted fetus’s. While these shockingly comic aspects offer the authors critique on cultural conventions, it’s his idiosyncratic prose that gives the works their potency.” Ben Ashley. Book Specialist, Bethunes at Webb’s. $50 - $100
32 The Pick Up Truck Buddy “L� toys were originally manufactured by the Moline Pressed Steel Company, started by Fred A. Lundahl in 1910. Producing robust and somewhat iconic versions of working class utility vehicles Buddy L toys are now highly collectable. In the 1960s a manufacturing plant was established in New Zealand, making this example one of the more sort after designs. $300 - $400
33 The Hard Egg A slice of ancient history. Fossilized dinosaur egg displayed in a Victorian glass dome. The first real discovery of a dinosaur eggshell was in 1859 from southern France, by Jean Jacques Pouech. Due to their large size, the French eggs were at first thought to belong to giant birds. More complete eggs were found in 1869 by Matheron. He, in turn, believed these eggs were those of a giant crocodile. In 1877, Paul Gervais published the first detailed study of the eggs, and suggested that they could belong to a dinosaur. They are now known to have been laid by the sauropod dinosaur Hypselosaurus. Most fossilized dinosaur eggs collected in the mid 1990s are from Late Cretaceous rocks in China. Spherulitic egg shells show spherical patterns in the crystalline structure with the rarest eggs containing fossilized embryos. Who knows what is really inside? $600 - $1500
34 The Book Claw Sterling silver with a lions talon. Circa 1900. $200 - $300
35 The Dead Art Two taxidermy necklaces and one Brooch. Custom made for an Oyster Magazine shoot on White Island by Monty Adams, styled by Sonia Greenslade. The large English magpie necklace with a rubber collar can also be worn as a belt attachment. The sparrow ring brooch encapsulates a baby black jungle crocodile claw detailed with smokey quartz beads. The other necklace is made from a set of crows wings with pyrite, onyx and quartz detailing. $300 - $700
36 The Art Toy Extremely rare large scale Pokemon dragon character produced for the Japanese market. $500 - $1500
37 The Art Snack CLAES OLDENBURG, N.Y.C. Pretzel, 1994 is the perfect complement to earlier multiples including Baked Potato 1966, Wedding Souvenir 1966, Knackebrod 1966, and Profiteroles 1989. The Pretzel has been laser cut from three-ply cardboard then screenprinted toast brown and flecked with white “salt” by Brand X. The project was published by I.C. Editions and David Platzker in unlimited edition and stamped with the title, date and artist’s initials. $800 - $1200
38 The Martin Poppelwell “lowest prices are just the beginning”, black stain, slip and earthenware, 2008-2009. This work was exhibited as part of the black-market exhibition at Anna Bibby Gallery 2009, and took the quote from Bunnings Warehouse advertising. Other works used similar quotes / quips to suggest that while numbers are in a state of free fall, the idea of value rests in a different place. “Why buy this when you can make your own worthless copies” was a sister piece, along with “dung” and “the sex was so good the neighbors had a cigarette”. Text is used as a starting point for drawing, the first of ‘writing / drawings / scrawls on dishes were first exhibited at Anna Bibby Gallery in 1999 with works commenting on art dealers smoking habits, the markets uncritical obsession with a ‘Maori’ narrative, and the collision of a craft / pottery practice with fine art conversation. Currently exhibits at Melanie Roger Gallery. Full proceeds to be donated to the Wellington City Mission by the Artist and Melanie Roger Gallery. $800 - $1200
39 The Case 2001 Te Mata Coleraine: Hawke’s Bays famous Bordeaux blend (55% Cabernet Sauvignon, 29% Merlot and 16% Cabernet Franc). It is a very finely structured wine with silky tannins, concentrated cassis and plum, rosemary, nutmeg, liquorice and spicy French oak that is beautifully integrated throughout. It begs to be enjoyed out of a big glass. This is a wine with a deserved super-star image. $800 - $1200
39A The Boombox $100 - $200
40 The Art Record Endless Boogie, the best-kept secret in New York’s rock scene. They have the best name (taken from John Lee Hooker’s 1971 album), the best onstage vibe and the best head-nodding jams. In a sea of derivative and freshly outfitted young bands, Endless Boogie -- with a combined age of 169 and members who count Canned Heat as one of their influences -- doesn’t have a big agenda. They do have legitimate support and often tour with the Dirty Three. This record is one of a hundred produced and is 100% original in terms of the art work which was created by New York under ground artist Spencer Sweeny. You will not find this on iTunes. $50 - $100
41 Alexander Wang Rocco tote from Workshop – proceeds to Wellington City Mission. Alexander Wang has garnered a worldwide following for his trademark aesthetic of pared-back sophistication and downtown chic. His sought-after accessories are no exception. This Alexander Wang ‘Rocco’ tote is crafted in textured lamb-skin leather and finished at the base with the label’s signature ridged nickel studs. Two top handles, detachable shoulder strap, fully lined with a zip fastening along the top, this piece exudes understated glamour. Full sale proceeds to go to Wellington City Mission. RR $1249.00 $900 - $1200
42 The Cape Prestigious, rare feather shoulder cape. This rather mysterious cape has generated remarkable debate internationally from some of the worlds leading tribal art thinkers. There appears to be no conclusive opinion as to the origins of the piece. With approximately 140 known institutional examples (refer TePapa) debate has raged for decades as to where these beautiful capes come from. Some say they are Hawaiian, others believe they are of British origin. Having been inspired by the tragic visit of the Hawaiian royal family in 1824 which saw the King die of the flu. Another convincing school of thought supports the theory that they were a style of shoulder cape produced by the North American Indian. Semicircular, made to fit around the neck and to extend slightly over the shoulders. Long tabs attach to the front edge of the cape, tapering to round ends and terminating below the waist. External foundation is finely sized muslin cotton. Various genera of feathers attached in imbricate rows following the contour of the cape and arranged in crescent and triangular motifs in strong formation. Fine thread used to tack each feather shaft at two places in continuous zigzag stitch. Internal lining is coarser muslin with concentric rows of white down tufts attached. Circa 1820 - 1840. Origins unknown. From semicircular base to end of tabs 560mm, neckline to base of semicircular base 300mm. Provenance: Private collection, UK. $8000 - $12000
43 The Orifactory Curtain A sterling silver Victorian vinaigrette. Used to disguise the undesirable smells of the streets of London or Paris. $100 - $200
44 The Polaroid Before hipstamatic there was the Polaroid. This classic apparatus of instant fun has been brought back to life with the recent release of new instant film. $10 - $30
45 The Fish Set Set of 30 Victorian hand coloured prints. $800 - $1200
46 The Chatelaine and Necklace 19th Century steel cut chatelaine. Uber collectable piece that can be worn as a necklace. A detachable sterling necklace with greenstone fob resides in the center of the chatelaine. It has everything you need for a night out. A purse, a key holder, a notebook, necklace, a perfume holder, prize medal and fine silver coin to trade. $500 - $1,000
47 The Movie Seats Seats R3 and R4 from the iconic and dearly loved Winter garden Civic theatre. One of Auckland’s few remaining historic buildings of cultural merit. Originating from the first fit out in the 1920s when the Civic was considered rather illicit for its underground club scene these seats would have steadied more than a few danced out couples of the day. $1200 - $2000
48 The MOTORCYCLE ENGINE 1919 Hd model JV1000cc power plant $5,000 - $7,000
49 The Gamblers Joy A highly tactical game, mahjong was developed by the great Chinese philosopher Confucius in about 500 BC. The three dragon (cardinal) tiles correlate with the three cardinal virtues bequeathed by Confucius; prosperity, sincerity and piety. Legend also suggests that Confucius was fond of birds, especially the sparrow, which would explain the name “mahjong� (sparrow). $150 - $400
50 The Perrier Jouet 1989 Vintage 1989 Perrier Jouet 1989 Champagne Perrier-Jouet Cuvee Bell Epoque: Belle Epoque is Perrier-Jouet’s premier Champagne. In 1902 the noted French artist Emile Calle designed a bottle and an unapologetically beautiful label for PerrierJouet. The label was decorated with swirling, stylized flowers based on the Japanese anemone. The Art Nouveau label is still used today for the house’s prestige cuvee. $180 - $280
51 The Mystery Lot
CONDITIONS of sale for buyers 1. Bidding. The highest bidder shall be the purchaser subject to the auctioneer having the right to refuse the bid of any person. Should any dispute arise as to the bidding, the lot in dispute will be immediately put up for sale again at the preceding bid, or the auctioneer may declare the purchaser, which declaration shall be conclusive. No person shall advance less at a bid than the sum nominated by the auctioneer, and no bid may be retracted. 2. Reserves. All lots are sold subject to the right of the seller or her/his agent to impose a reserve. 3. Registration. Purchasers shall complete a bidding card before the sale giving their own correct name, address and telephone number. It is accepted by bidders that the supply of false information on a bidding card shall be interpreted as deliberate fraud. 4. Buyer’s Premium. The purchaser accepts that in addition to the hammer or selling price Webb’s will apply a buyer’s premium of 15% for the Improbable Gifts for Impossible People sale, (unless otherwise stated), together with GST on such premiums. 5. Payment. Payment for all items purchased is due on the day of sale immediately following completion of the sale. If full payment cannot be made on the day of sale a deposit of 10% of the total sum due must be made on the day of sale and the balance must be paid within 5 working days. Payment is by cash, bank cheque or Eftpos. Personal and private cheques will be accepted but must be cleared before goods will be released. Credit cards are accepted. 6. Lots sold as Viewed. All lots are sold as viewed and with all erros in description, faults and imperfections whether visible or not. Neither Webb’s nor its vendor are responsible for errors in description or for the genuineness or authenticity of any lot or for any fault or defect in it. No warranty whatsoever is made. Buyers proceed upon their own judgement. Buyers shall be deemed to have inspected the lots, or to have made enquiries to their complete satisfaction, prior to sale and by the act of bidding shall be deemed to be satisfied with the lots in all respects. 7. Webb’s Act as Agents. They have full discretion to conduct all aspects of the sale and to withdraw any lot from the sale without giving any reason. 8. Collection. Purchases are to be taken away at the buyer’s expense immediately after the sale except where a cheque remains uncleared. If this is not done Webb’s will not be responsible if the lot is lost, stolen, damaged or destroyed. Any items not collected within seven days of the auction may be subject to a storage and insurance fee. A receipted invoice must be produced prior to removal of any lot. 9. Licences. Buyers who purchase an item which falls within the provisions of the Protected Objects Act 1975 or the Arms Act 1958 cannot take possession of that item until they have shown to Webb’s a license under the appropriate Act. 10. Failure to make Payment. If a purchaser fails either to pay for or take away any lot, Webb’s shall without further notice to the purchaser, at its absolute discretion and without prejudice to any other rights or remedies it may have, be entitled to exercise one or more of the following rights or remedies: A. To issue proceeding against the purchaser for damages for breach of contract. B. To rescind the sale of that or any other lot sold to the purchaser at the same or any other auction. C. To resell the lot by public or private sale. Any deficiency resulting from such resale, after giving credit to the purchaser for any part payment, together with all costs incurred in connection with the lot shall be paid to Webb’s by the purchaser. Any
surplus over the proceeds of sale shall belong to the seller and in this condition the expression ‘proceeds of sale’ shall have the same meaning in relation to a sale by private treaty as it has in relation to a sale by auction. D. To store the lot whether at Webb’s own premises or elsewhere at the sole expense of the purchaser and to release the lot only after the purchase price has been paid in full plus the accrued cost of removal storage and all other costs connected to the lot. E. To charge interest on the purchase price at a rate 2% above Webb’s bankers’ then current rate for commercial overdraft facilities, to the extent that the price or any part of it remains unpaid for more than seven days from the date of the sale. F. To retain possession of that or any other lot purchased by the purchaser at that or any other auction and to release the same only after payment of money due. G. To apply the proceeds of sale of any lot then or subsequently due to the purchaser towards settlement of money due to Webb’s or its vendor. Webb’s shall be entitled to a possessory lien on any property of the purchaser for any purpose while any monies remain unpaid under this contract. H. To apply any payment made by the purchaser to Webb’s towards any money owing to Webb’s in respect of any thing whatsoever irrespective of any directive given in respect of, or restriction placed upon, such payment by the purchaser whether expressed or implied. I. Title and right of disposal of the goods shall not pass to the purchaser until payment has been made in full by cleared funds. Where any lot purchased is held by Webb’s pending i. clearance of funds by the purchaser or ii. completion of payment after receipt of a deposit, the lot will be held by Webb’s as bailee for the vendor, risk and title passing to the purchaser immediately upon notification of clearance of funds or upon completion of purchase. In the event that a lot is lost, stolen, damaged or destroyed before title is transferred to the purchaser, the purchaser shall be entitled to a refund of all monies paid to Webb’s in respect of that lot, but shall not be entitled to any compensation for any consequent losses howsoever arising. 11. Bidders deemed Principals. All bidders shall be held personally and solely liable for all obligations arising from any bid, including both ‘telephone’ and ‘absentee’ bids. Any person wishing to bid as agent for a third party must obtain written authority to do so from Webb’s prior to bidding. 12. ‘Subject Bids’. Where the highest bid is below the reserve and the auctioneer declares a sale to be ‘subject to vendor’s consent’ or words to that effect, the highest bid remains binding upon the bidder until the vendor accepts or rejects it. If the bid is accepted there is a contractual obligation upon the bidder to pay for the lot. 13. SALES POST AUCTION OR BY PRIVATE TREATY. The above conditions shall apply to all buyers of goods from Webb’s irrespective of the circumstances under which the sale is negotiated. 14. condition of Items. Condition of items is not detailed in this catalogue. Buyers must satisfy themselves as to the condition of lots they bid on and should refer to clause six. Webb’s are pleased to provide intending buyers with condition reports on any lots.