Webb’s Auctions – NOT Mates

The man who donated a Don Binney painting for sale to raise funds for Christchurch earthquake relief is disappointed the auction house took a $16,200 commission from the sale.

Dick Scott’s Kotare over the Ratana Church, Te Kao, which he had owned since 1964, sold for a record-breaking $270,000 at Webb’s auction house in Auckland on Tuesday.

Spokeswoman Renee Tanner confirmed Webb’s had taken a commission from the sale but would not reveal how much it was.

However, Mr Scott said it took 6 per cent, or $16,200, instead of its usual 10 per cent commission.

“I was disappointed they didn’t even go halfway. I thought it was a bit of a poor show, but there you are.”

He had hoped to raise $250,000 for the Christchurch appeal after costs and, although he hadn’t done the maths yet, hoped to still be close despite the auction fee.

Webb’s auction house aren’t doing their bit for Christchurch, instead they are profiteering. The are NOT Mates. They can join Qantas and Jetstar as businesses that should be blackballed.

Dick Scott meanwhile is a true mate of Christchurch. Good onya mate.

UPDATE: The DominionPost withdrew the original post rather than correct their error. Webb’s and the owner of the painting passed through 100% of the hammer price – $270,000, Beyond this Webb’s have raised a further $65,000.

 

 


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  • paranormal

    To quote “Hold on a minute mate”.

    I think you might be a bit on the harsh side there WO. Webbs normal fee is 10% that they’ve dropped to 6% for this painting. I’d suggest at that rate they’re only covering their costs and are not “profiteering”.

    • I don’t think so. $16k for about 30 minutes work…seems excessive for costs….then Webb’s has a habit of making donations to charities then claiming the donation and getting a tax rebate, so they will actually be creaming it big time….the small 4% loss on fees is small beer after their tax rebate for the full donation.

  • mickrodge

    The website is now saying…”The full hammer price of $270,000 will be making its way to the people of Christchurch”.

    Are Webb’s now “mates” once more?

    • abjv

      Not if the seller now has to write a cheque to the auctioneer for $16K.

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