Page 79 - C.T. Loo A paper about his impact and activities in the Chinese art Market

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Early K’ang Hsi $6000, 1% New York City Sale tax 60, $6060.” 135 In Loo’s 1942 sale of

a group of bronzes and jades to Winthrop, the final amount that Winthrop paid included 1

% sales tax and 10% federal tax. He paid $1,720 for the item listed as “Jade spear head

shape knife with bronze handle inlaid with turquoise (?) Shang $1,550”. 136

After receiving the payment, Loo would send the client an invoice, which usually

included a description of the object and its price, and sometimes information about the

discount, tax, and the total sum that the client paid (Fig. 22). The sale would be recorded

on the inventory card.

Warranty

Some invoices contain warranty of authenticity and age. In the invoice for two pairs of

Kangxi porcelain pieces that Rockefeller purchased, Loo stated, “The pieces on the

137
foregoing invoice are guaranteed to be genuine and of the period stated.” A similar

warranty was issued to WAM concerning the bronze finial (WAM 1941.47) that Loo

dated late Zhou period from the 5th to the 3 rd century BCE. Loo wrote, “We guarantee

the period of this object and we would gladly take it back whenever any one could have

138
any doubt of the period, and can prove the contrary of my declaration.”

135 C. T. Loo to JDR Jr, October 30, 1945, folder 106, C. T. Loo 1945-1951, box 11,
OMR-RAC.
136 February 20, 1942 , GD-41/10, purchase from C. T. Loo, Winthrop account book,
HUAMA.
137
C. T. Loo to JDR Jr., February 5, 1935, folder 1370, C. T. Loo 1916-1949, box 137,
OMR-RAC.
138 C. T. Loo to C. Sawyer, November 17, 1941, WAMA.