There was a general stir in the room, of chairs being shifted, and legs uncrossed and recrossed. Mr. Webb gave a little cough, while he laid aside his catalogue in favour of the more elaborate booklet, which he opened on the desk in front of him, flattening down the pages with a precise hand. He drew himself up, took off his glasses, and tapped the booklet with them, surveying his audience. “As you know, ladies and gentlemen—as, in fact, this monograph, which you have all had in your hands, will have told you if you did not know it before—we have in Blackboys one of the most perfect examples of the Elizabethan manor-house in England. I don’t think I need take up your time and my own by enlarging upon that, or by pointing out the historical and artistic value of the property about to be disposed of; I can safely leave the ancient building, and the monograph so ably prepared by my friend Mr. Nutley, to speak for themselves. It only remains for me to beg those intending to bid, to second my efforts in putting the sale through as quickly as possible, for we still have a large portion of the catalogue to deal with, and to bear in mind that a reserve figure of reasonable proportions has been placed upon the manor-house and surrounding grounds.—Lot 16, the manor-house known as Blackboys Priory, the pleasure-grounds of eight acres, and one hundred and twenty-five acres of park land adjoining.” A short silence succeeded Mr. Webb’s little speech. The Brazilian and his solicitor whispered together. The representatives of the various agencies looked at one another to see who would take the first step. Finally a voice said, “Eight thousand guineas.” “Come, come,” smiled Mr. Webb. “Nine thousand,” said another voice. “I told you, gentlemen, that a reasonable reserve had been placed upon this lot,” said the auctioneer in a tone of restrained impatience, “and you must all of you be sufficiently acquainted with the standard of sale-room prices to know that nine thousand guineas comes nowhere near a reasonable figure for a property such as the one we have now under consideration.” Thus rebuked, the man who had first spoken said, “All right—twelve thousand.” “And five hundred,” said the second man. “Sticky, sticky,” murmured Nutley, shaking his head. Still neither the Brazilian nor his solicitor made any sign. The agents were evidently unwilling to show their hands; then a little man began to bid on behalf of an American standing at his elbow: “Thirteen thousand guineas.” This stirred the agents, and between them all the bidding crackled up to eighteen thousand. Mr. Webb, judging that the American was probably good for twenty or twenty-five, and wishing to entice the Brazilian into competition, said in the same resigned tone, “I am unwilling to withdraw this lot, but I am afraid we cannot afford to waste time in this fashion.” “Make it twenty, sir,” called out the American, “and let’s get a move on.”