Sale: 554 / Modern Art Day Sale, June 08. 2024 in Munich Lot 503.29

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503.29
Lyonel Feininger
Railroad Workers, 1910.
Pencil drawing
Post auction sale: € 5,400 / $ 5,670
+
Railroad Workers. 1910.
Pencil drawing.
Lower left dated "Tues Dec 13 '10". On light newsprint (pierced at top). 22 x 28 cm (8.6 x 11 in), size of sheet.
In 2006, the sheet was auctioned by Christie's London from the Achim Moeller Collection for th ebenefit of the "Lyonel Feininger Catalogue Raisonne Project".
• The sheet used to be in possession of Alois Jakob Schardt, director of the Kunstmuseum Moritzburg Halle (Saale) .
• Document of Lyonel Feiniger's fascination for everything around the railroad theme.
• Lyonel Feininger's works are in many renowned international museums like the Museum of Modern Art, New York, the Centre Pompidou, Paris, the Städel Museum, Frankfurt a. Main, and the Sprengel Museum, Hanover
.

Achim Moeller, director of the Lyonel Feininger Project LLC, New York – Berlin, has confirmned ths work's authenticity. It is registered in the archive of the Lyonel Feininger Project with the number 1871-09-05-23. The work is accompoanied by a certificate.

PROVENANCE: Alois Jakob Schardt, Halle, Berlin, Los Angeles (until 1955)
Private collection (inherited from the above).
Achim Moeller Fine Art, New York (acquired from the above in 1985)
Private collection Italy (Christie's in 2006).

EXHIBITION: Lyonel Feininger, Opere dalle collezioni private italiane, MArt Museo d'Arte Moderna, Rovereto 2007, cat. 4.7, fig. p. 147.

LITERATURE: Deuchler, Florens. Lyonel Feininger. Sein Weg zum Bauhaus- Meister. Leipzig: 1996, p. 52 fig. , 228
Christie's London, Impressionist and modern works on paper, February 9, 2006, lot 637, fig.
Opere dalle collezioni private italiane, MArt Museo d'Arte Moderna, Rovereto May 19 - July 29, 2007, cat. no. 4.7, fig. p. 147.





Buyer's premium, taxation and resale right compensation for Lyonel Feininger "Railroad Workers"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.

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

Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.

The artist‘s resale right compensation is VAT-exempt.