Estimates of the selling price should not be relied on as a statement that this is the price at which the item will sell or it’s value for any other purpose. The absence of such a reference does not imply that an item is free from defects or restoration, nor does a reference to particular defects imply the absence of any others. References in the catalogue entry to the condition report to damage or restoration are for guidance only and should be evaluated by personal inspection by the bidder or a knowledgeable representative. Such statements do not constitute a representation, warranty or assumption of liability by Webb’s of any kind. The property is otherwise sold “AS IS”Īll statements by Webb’s in the catalogue entry for the property or in the condition report, or made orally or in writing elsewhere, are statements of opinion and are not to be relied upon as statements of fact. Neither Webb’s nor the Seller provides any guarantee in relation to the nature of the property apart from the Limited warranty in the paragraph below. In which they are interested before the Auction takes place. Prospective Buyers are strongly advised to examine in person any property The contract for the sale of the property is therefore made between the Seller and the Buyer. All bids, “hammer price”, “reserves”, “Buyers Premium” and other expressions of value are understood by all parties to be in New Zealand Dollars (NZD$) unless otherwise specified.Įxcept as otherwise stated Webb’s Ltd acts as agent for the Seller. All values expressed in Webb’s Ltd catalogues (in any format) are in New Zealand Dollars (NZD$). “the insured value” means the amount that Webb’s in its absolute discretion from time to time shall consider the value for which a lot should be covered for insurance (whether or not insurance is arranged by Webb’s). Accordingly no lot shall be capable of being a forgery by reason of any damage or restoration work of any kind (Including re-painting). “Forgery” means an item constituting an imitation originally conceived and executedĪs a whole, with a fraudulent intention to deceive as to authorship, origin,Īge, period, culture or source, where the correct description as to such matters is not reflected by the description in the catalogue. “the Reserve” means the lowest amount at which Webb’s has agreed with the Seller that the lot can be sold. “the Buyer’s Premium” means the charge payable by the Buyer to the auction house as a percentage of the hammer price. “the Hammer price” means the amount of the highest bid accepted by the auctioneer in relation to a lot. Or items described against any lot number in the catalogue. “the Lot” means any item depicted within the sale for auction and in particular the item “the Buyer” means the person with the highest bid accepted by the Auctioneer. The conditions that are listed below contain terms that are used regularly and may need explanation Background to the Terms used in these Conditions They may be amended by printed Saleroom Notices or oral announcements made before and during the sale.īy bidding at auction you agree to be bound by these terms.ġ. They are the terms on which Webb’s and the Seller contract with the Buyer. They should now read 4, blank, and 8, making your answer 408.The terms and conditions of sale listed here contain the policies of Webb’s. Record the product of the last two digits 4 and 2 (8), in the last of the answer columns.Since you're adding a 4 to a 6 in that column, carry one bead over to the first answer column, making a 4 in the seventh column (four beads from the bottom section pushed up to center bar) and a 0 in the eighth (all beads in their original starting position: the top section bead pushed up, bottom section beads pushed down). When you multiply the 4 and the 1, add that product (4) to the eighth column, the second of the answer columns.Push one bead from the upper section down, and one bead from the lower section up. Next, multiply the 3 and the 2, recording their product in the eighth column. Push three beads up in that seventh column.
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