Sale: 519 / Post War / Cont. Art II, June 18. 2021 in Munich Lot 120003470

 
120003470
Teh-Chun Chu
Composition N° 85, 1961.
Gouache
Estimate:
€ 25,000 - 35,000

 
$ 29,250 - 40,950

+
Lot description
Composition N° 85. 1961.
Gouache.
Twice signed in Chinese and Latin characters in lower right. Verso once more twice signed, dated and titled. On firm Arches wove paper (with blindstamp). 38 x 56.5 cm (14.9 x 22.2 in), the full sheet.

• In his inimitable pictorial language Chu Teh-Chun combines elements of classic Chinesie calligraphy with elements of Fench Post-Impressionism and Western Post war Abstraction.
• He was a pioneer of Lyrical Abstraction – to him poetry and painting are inseparable.
• He was the first Frenchman of Chinese descent to be accpeted into the Académie des Beaux-Arts in Paris (1997)
.

Accompanied by a certificate issued by the Chu Teh-Chun Foundation, Geneva/ Switzerland on February 5, 2021. The work will be included into the forthcoming catalouge raisonné.

PROVENANCE: Galerie H. Le Gendre, Paris.
Private collection until the 1960s (acquired from aforementioned gallery).
Private collection Southern Germany (inherited from aforementioned).

 


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Buyer's premium, taxation and resale right apportionment for Teh-Chun Chu "Composition N° 85"
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer prices up to € 500,000: 32 % buyer's premium
Hammer prices above € 500,000: for the share up to € 500,000: 32%, for the share above € 500,000: 27% buyer's premium
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer prices up to € 500,000: 25 % buyer's premium plus statutory sales tax Hammer prices above € 500,000: for the share up to € 500,000: 25%, for the share above € 500.000: 20% buyer's premium, each plus statutory sales tax

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Resale right apportionment:
Objects made by artists who have not died at least 70 years ago are subject to a resale right apportionment of 2.4% including statutory sales tax.