Lot 133: ZHANG HUA (1898-1970). "Abstract composition"

Participation in auctions implies unconditional acceptance of the following terms. Please read them carefully before bidding. Auctions are conducted under the direction of Leroy & Partners, court bailiffs in Brussels. Except as otherwise stated, the auctioneer only acts as agent for the seller. The contract for the sale of the property is therefore made between the seller and the buyer. Any visitor is responsible up to the amount of the highest estimate of any damage caused to the property on display. In addition to the hammer price, the buyer agrees to pay a 20% premium (10% for diamonds) together with any applicable value added tax. Other costs or special taxes - including, but not limited to, artist's resale right, import value added tax, live bidding… - may be owed on certain lots, on top of usual fees and taxes. It is the responsibility of any buyer to comply with foreign customs and other regulations. The auctioneer may reduce or compromise any charge or fee at its sole discretion. Estimates, bids and invoices are in Euros. Bidders are responsible for errors in bidding. The auctioneer accepts no liability for failure, errors or omissions in connection with written, phone or electronic bids. Except as otherwise stated, all lots can be subject to reserve. Bidders personally guarantee payment for their successful bids, including bidders executing commission bids from other parties. Invoices are due and payable immediately upon receipt. Interest and late fees of 2% per month shall be payable on invoices not settled within 30 days. Payment may be made by cash or wire transfer. Title does not pass until full payment, which may be required prior the delivery of any lot. Buyers assume full responsibility for any loss or damage upon receipt. Delivery to the buyer's address of record shall constitute receipt by the buyer regardless of the identity of the person accepting delivery. Any statement, whether oral or written - including, but not limited to, attribution, condition, date, provenance, value… - is only the expression of the auctioneer's opinion or belief. Such statements do not constitute a representation, warranty or assumption of liability of any kind. Moreover, as the auctioneer wishes to maintain its independence and, therefore, is not a member of any organization or third-party entity - including, but not limited to, IAPN, NGC, PCGS… -, he is in no way bound to any of their opinions. Please note that an auction is not an approval sale. It must be clearly understood that, due to the nature of the auction process, the auctioneer is unable to carry out exhaustive research of the kind undertaken by historians and scholars and also, as research develops and scholarship and expertise evolve, opinions on these matters may change. We therefore recommend you always view the property personally and, particularly for any lot of significant value, you seek information from your own professional advisers. The auctioneer has the right, at his absolute and sole discretion, to request the departure of any person disrupting auctions, to refuse any bid, to advance the bidding in such a manner as he may decide, to withdraw, divide or mix any lot, and in the case of errors or disputes, whether during or after auctions, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer the lot. Any bidder hereby irrevocably waives any claim for any punitive, incidental or consequential damage arising out of auctions. Any bidder consents to the confidentiality of the identity of consignors and waives any right to require disclosure of the name of consignors or owners of any auctioned lot. Any bidder waives any contrary provision of articles 14 or 15 of the French Civil Code as well as at any similar provision in any jurisdiction. The courts of Brussels will thus have sole jurisdiction in the event of litigation. Should any part of these terms be held void, invalid or unenforceable by any court of competent jurisdiction, remaining parts shall nevertheless remain in full force and effect without being impaired or invalidated.

Participation in auctions implies unconditional acceptance of the following terms. Please read them carefully before bidding. Auctions are conducted under the direction of Leroy & Partners, court bailiffs in Brussels. Except as otherwise stated, the auctioneer only acts as agent for the seller. The contract for the sale of the property is therefore made between the seller and the buyer.

Bidders personally guarantee payment for their successful bids, including bidders executing commission bids from other parties. Invoices are due and payable immediately upon receipt. Interest and late fees of 2% per month shall be payable on invoices not settled within 30 days. Payment may be made by cash or wire transfer. Title does not pass until full payment, which may be required prior the delivery of any lot.

It is the responsibility of any buyer to comply with foreign customs and other regulations. Buyers assume full responsibility for any loss or damage upon receipt. Delivery to the buyer's address of record shall constitute receipt by the buyer regardless of the identity of the person accepting delivery.

In addition to the hammer price, the buyer agrees to pay a 20% premium (10% for diamonds) together with any applicable value added tax. Other costs or special taxes - including, but not limited to, artist's resale right, import value added tax, live bidding… - may be owed on certain lots, on top of usual fees and taxes.

Any statement, whether oral or written - including, but not limited to, attribution, condition, date, provenance, value… - is only the expression of the auctioneer's opinion or belief. Such statements do not constitute a representation, warranty or assumption of liability of any kind. Moreover, as the auctioneer wishes to maintain its independence and, therefore, is not a member of any organization or third-party entity - including, but not limited to, IAPN, NGC, PCGS… -, he is in no way bound to any of their opinions. Please note that an auction is not an approval sale. It must be clearly understood that, due to the nature of the auction process, the auctioneer is unable to carry out exhaustive research of the kind undertaken by historians and scholars and also, as research develops and scholarship and expertise evolve, opinions on these matters may change. We therefore recommend you always view the property personally and, particularly for any lot of significant value, you seek information from your own professional advisers.