9 minute read
Foreword
Welcome to our final Collectors’ Cars, Motorcycles and Automobilia catalogue of 2022 at our new home, the Due Drop Events Centre (formerly Vodafone Events Centre), Manukau. Under the waka shaped roof, you will find one the finest selections of vehicles we have ever offered that will close the year with a bang.
Caolán McAleer Head of Collectors’ Cars caolan@webbs.co.nz +64 27 929 5603
Ian Nott Consultant, Collectors’ Cars ian@webbs.co.nz +64 21 610 911 This catalogue is filled with supreme classics for every taste and budget, and if our August auction results are anything to go by, we have a continually strengthening market. August saw another packed auction room raise their paddles, producing fantastic results for our vendors and collectors who secured incredible examples for growing collections. The hotly contested 1957 Aston Martin DB2/4 MKII saw six bidders fight it out to acquire the headline car that eventuated an in-room buyer securing it for $418,000, including premium. We’re also seeing our buyers gain more confidence, purchasing high-ticket lots through our online bidding platform and, as always, over the phone. With continuous murmurs of a turbulent economy, the classic car market remains unfaltering; collectable cars are still seen as an alternative investment and an excellent way to hedge against inflation. Here in New Zealand, with no capital gains tax, cars are easy to buy and similarly easy to sell if necessary. In the past, we have referred to the British Knight Frank Luxury Investment Index, which shows recent data and reports that classic cars, rare whisky and wine have all experienced a rise in value of more than 100% over the past decade. In the case of classic cars, the gain is 193%; hence we urge you to be a part of this upswing. Please feel free to talk to us should you want specialised advice. Similarly, the market for automobilia should not be overlooked. Throughout this year, we have had several very successful sales featuring books, posters, clothing and photographs and will are looking forward to continuing with these specialised sales in 2023. The market responds very well to Single-Owner Collections in the collectors’ cars, motorcycles and automobilia field. If you have one you would like appraised, please get in touch. This November catalogue has a number of highlights. Our cover star is the 1968 Ferrari 330 GTC. It is a sublime restoration with no expense spared, featuring a 4-litre V12 and a Pininfarina body. Bellissimo! Another stylish car to come on the block is the 1969 Mercedes-Benz 280SL. Webb’s have fared well with W113s in the past, and even as a left-hand drive example, this represents very good buying. In a timeless colourway of green and tan, you’re sure to be the envy of all those in sight. Another highlight is the 1973 BMW E9 CSI 3.0, a faultless restoration, with only 207 produced in RHD, making this one of the rarest E9 models. Whatever the marque and model that suits you, we hope you’ll enjoy this auction and the pleasure owning a classic car can deliver. These machines are ‘moving museums,’ transforming drivers and onlookers to another era.
1. Condition Report Disclaimer
There is NO cooling off period offered for motor cars or motorcycles offered at public auction. All vehicles sold within this auction are sold on an ‘as is’ basis. Under the Conditions of Sale applicable to the sale of the lot (please see the catalogue or www. webbs.co.nz for our conditions of sale), buyers must satisfy themselves as to each and every aspect of the quality of the lot, including (without limitation) its authorship, attribution, condition, provenance, authenticity, age, suitability and origin. Lots are sold on an 'as is' basis but the actual condition of the lot may not be as good as indicated by its outward appearance.
The fully illustrated catalogue will describe the vehicles to the best of our ability on information supplied. Should we receive pertinent information after the publication of the catalogue, we shall affix what is known as a Consumer Information Notice (CIN) to the vehicle. A list of all CINs will be available by the time the vehicles are presented for view. We are happy to offer our opinion only and should not be relied upon. In short, you should satisfy yourself as to the completeness, condition and integrity of any lot prior to bidding.
Any statement in relation to the lot is merely an expression of opinion of the seller or Webb’s and should not be relied upon as an inducement to bid on the lot. Lots are available for inspection prior to the sale and you are strongly advised to examine any lot in which you are interested prior to the sale. Although all care has been taken to accurately describe the condition of this lot, this report has not been prepared by a professional conservator or restorer and no guarantees. Webb’s is not entering into a contract with the addressee in the respect of the condition report and accordingly does not assume responsibility to the addressee in respect of it.
However where the Consumer Guarantees Act 1993 applies, nothing in these Terms shall contract out of or shall limit the application of that Act.
Consumer Guarantees Act 1993 Where the Consumer Guarantees Act 1993 does apply the Buyer acknowledges that the following are relevant circumstances in relation to the supply of the Goods and may reduce the acceptable quality guarantee under the Consumer Guarantees Act 1993:
(a) any information Webbs has disclosed on behalf of the Vendor concerning the nature of the Vendor (for example whether the Vendor has used the Goods itself), the context in which the Vendor offers to supply the Goods;
(b) where the Goods are a vehicle: (i) the results of any Vehicle Condition Report; (ii) any defects or observations in relation to the Vehicle and which are recorded on the CIN card or notified by Information Notice which was attached to the vehicle or displayed online.
(e) Change of ownership: Every Buyer must supply to Webbs before taking delivery of a Vehicle the information necessary to enable a change of ownership to be registered. Webbs reserve the right to delay release of the Vehicle until this is done.
Webbs have been taken into account by the Buyer before bidding on the vehicle; (iii) notification of any defects is an indication to the Buyer that further defects may exist.
2. Vehicles
Buyer Inspection: A vehicle is complicated machinery that may contain inherent and latent defects which can only be discovered by a thorough pre purchase inspection. The Buyer acknowledges and agrees that:
(a) the responsibility for examining and assessing the condition of any vehicle rests with the Buyer;
(b) Webbs recommends that the Buyer carry out a pre purchase inspection even where no defect disclosures have been made by the Vendor; and
(c) the Buyer has had every opportunity to carry out an inspection and its own evaluation of the Goods and their quality prior to purchasing the Goods.
Vehicle Condition Report Any Vehicle Condition Report attached to the Vehicle has been prepared following a limited and basic inspection of the Vehicle. When preparing the Vehicle Condition Report, no part of the Vehicle was dismantled, no diagnostic testing was undertaken. The Vendor and Webbs recommend that any interested Buyer arrange a full mechanical inspection of the Vehicle prior to purchase.
Warrant of fitness: (a) Vehicles will be sold either unregistered or currently registered with a Warrant of Fitness (WoF) having been carried out within the last 30 days of the sale date. Each vehicle offered by Webb’s at auction will mention which is applicable
(b) Where any vehicle does not at the time of delivery have a current certificate or warrant of fitness the Buyer undertakes to Webbs that they will not, except for the purpose of obtaining in-service certification, operate the vehicle until it has been inspected and certified for in service fitness as provided for in Rule 9.12(4) of the Land Transport Rule 35001/1 Vehicle Standards Compliance 2002.
(c) If the vehicle has at the time of delivery a current warrant of fitness issued more than one month prior to delivery then the buyer acknowledges and accepts this. (d) CIN: As soon as practicable after the purchase of a vehicle the Buyer must sign a written acknowledgement that Webbs has provided the Buyer with a copy of the Consumer E.g. if the hammer falls at $10,000, you will receive an invoice for $11,725.
If the hammer falls at $200,000, you will receive an invoice for $223,000.
Registration To register to buy, all potential purchasers not known to Webb’s will be asked to provide an accredited form of photo identification (driver’s license or passport).
Shipping Webb’s will have local, national, and international freight agents available to arrange deliveries. Quotes will be available from cars@webbs.co.nz
3. Exclusions And Limitations
In Trade Buyer: Where the Vendor is In Trade and the Buyer has acquired the Goods in trade, the Vendor, Webbs and the Buyer agree to contract out of the Consumer Guarantees Act 1993 and sections 9 (Misleading and deceptive conduct generally), 12A (unsubstantiated representations), and 13 (False or misleading representations) of the Fair Trading Act 1986.
Generally: If the Consumer Guarantees Act 1993 does not apply to the sale of the Goods or if the Vendor and Buyer have contracted out of the Consumer Guarantees Act 1993:
(a) Webbs excludes any liability for any representation(s) or statement(s) that may be made or implied by Webbs or the Vendor;
(b) in the case of any dispute relating to the Goods or the sale of the Goods any remedy of the Buyer shall be against the Vendor only and under no circumstances (including an action for breach of any fundamental obligation) shall any remedy lie against Webbs or any agent, contractor or employee of Webbs.
Sale of Goods Act Exclusion: The warranties or conditions implied by the Sale of Goods Act 1908 shall not apply to the sale of the Goods.
Additional Images
Additional images of all vehicles are available in the online catalogue on our website www.webbs.co.nz
Telephone/Absentee Bids Please complete the telephone or absentee bid form at the back of the catalogue, scan and send to auction@ webbs.co.nz. Alternatively, please call +64 9 529 5600 to arrange over the phone. Bids must be received 48 hours prior to the commencement of the auction. Buyer’s Premium A buyers’ premium is added to the hammer price of all vehicles and lots sold within this catalogue. The premium varies dependant on the hammer price of the lot;
$0 - $199,999: 15%+GST $200,000 - $399,999: 10%+GST $400,000 and above: 5%+GST Note - GST is applicable to the buyer’s premium only and not the hammer price. Payments and Collections Collections can be made from Due Drop Events Centre, 770 Great South Road, Wiri, Manukau 2104
Monday 28 November: 10am-5pm Tuesday 29 November: 10am-4pm
All lots must be collected before 4pm Tuesday 29 November to avoid storage charges ($100+GST per day plus removal costs)
Payments All payments must be made in New Zealand dollars. Credit cards will be accepted in person only, with a surcharge of 2.2% for Visa and Mastercard and 3.3% for American Express. Personal company and bank cheques are not accepted. Direct bank transfers are accepted. Bank account details will be included on your invoice.