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Sale: 468 / Modern Art I, June 09. 2018 in Munich Lot 744

Lot description
Houses by the River. 1946.
Watercolor and gold color over ink brush drawing.
Signed and titled in lower left. Lower right dated. Dedicated on verso of the backing board. On laid paper by Hahnemühle (with watermark). 23.3 x 33.8 cm (9.1 x 13.3 in) , size of sheet.
Verso Swith a sketch in pencil. [SM].

Achim Moeller, director of Lyonel Feininger Project LLC, New York – Berlin, confirmed the authenticity of this work. It is registered in the archive of the Lyonel Feininger Project with the number 1490-04-05-18.

PROVENANCE: Private collection USA.

"I do not intend to be considered a 'modern artist'. I have found the most suitable form to express my inner love and passion and to satisfy my need for clarity and space."
Lyonel Feininger, 1941, quote from: Feininger, September 15, 1941, New York, to O. Marcus, in: Haus der Kunst, Lyonel Feininger - 1871-1956, p. 14, 1973

Lyonel Feininger
Houses by the River, 1946.
Post auction sale: € 25,000 / $ 30,000

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Buyer's premium, taxation and resale right apportionment for Lyonel Feininger "Houses by the River"
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 1.5% plus statutory sales tax.
Lyonel Feininger - lots sold by Ketterer Kunst