Fernand Léger (1881-1955)
Artist's Resale Right ("Droit de Suite"). Artist's… Read more Christie’s is delighted to have been appointed by UniCredit to manage the sale of artworks from Austria, Germany and Italy. The proceeds will be primarily used to support the further roll-out of the Group’s Social Impact Banking (SIB) initiatives. The remaining balance will be dedicated to other relevant projects, including the support of emerging artists. Following the excellent results of a selection of artworks already presented at various Christie’s international salerooms in 2019, 2020 will begin with the first pieces being offered in London on 6 February as part of the Impressionist & Modern Art Day and Works on Paper sales. UniCredit will also look to replace the masterpieces sold with works of young and emerging artists. The offering is led by Walter Dexel’s Segelschiff I, one of only five known avant-gardist representations of sailing boats within the German artist’s series of works on technical modern inventions. Completed in 1922, this superb example of Dexel’s distinct Constructivist idiom dates from a key period when the artist came into close contact with a network of influential figures of the early 20th-century art circuit namely Jean (Hans) Arp, El Lissitzky and contemporaries associated with the Bauhaus movement including the likes of Paul Klee, László Moholy-Nagy and Walter Gropius. Another star lot from this outstanding group is a work by a member of Dexel’s circle – Kurt Schwitters’ Ohne Titel (Gute Laune), circa 1945. The painting combines large areas of delicately painted geometric shapes, organic abstract forms and collage elements – exemplary of Schwitters’ growing interest in the raw and tactile physicality of paint during the late period of his artistic career. An exceptional selection from the Works on Paper sale completes the grouping, with three other fantastic works by Schwitters, Dexel’s Quadrat und Kreis (circa 1926) and Franz Radziwill’s Strandszene mit Krüppeln (1922). Social Impact Banking is part of UniCredit’s commitment to building a fairer and more inclusive society. It aims to identify, finance and promote people and companies that can have a positive social impact. As well as continuing to provide credit to projects and organisations not usually served by the traditional banking sector, UniCredit employees educate micro-entrepreneurs, social enterprises and vulnerable or disadvantaged groups, building valuable networks within our communities. SIB also focuses on monitoring and measuring outcomes, essential for sustainable growth. In 2019 SIB focused on further roll-out in additional UniCredit markets, including: Germany, Austria, Serbia, Croatia, Hungary, Bulgaria, Romania, Turkey, the Czech Republic and Slovakia, and Bosnia and Herzegovina. UniCredit is a successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its fourteen core markets through its European banking network. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another eighteen countries worldwide.ART FOR FUTURE – SELECTED WORKS FROM THE UNICREDIT GROUP
Fernand Léger (1881-1955)

Composition à la feuille

Fernand Léger (1881-1955)
Composition à la feuille
signed and dated 'F. LÉGER 26' (lower right)
oil on canvas
18 1/8 x 15 1/8 in. (46 x 38.3 cm.)
Painted in 1926
Paul Raffray, Paris.
Anonymous sale, Sotheby's, London, 25 June 1986, lot 184.
Anonymous sale, Hôtel Drouot, Paris, 8 December 1986, lot 70.
Anonymous sale, Me Galateau, Limoges, 29 March 1987, lot 226.
Galerie Sfeir-Semler, Kiel.
Achenbach Kunsthandel, Dusseldorf, by 1993.
Acquired by the present owner from the above on 25 November 1996.
G. Bauquier, Fernand Léger, Catalogue raisonné, vol. III, 1925-1928, Paris, 1993, no. 465, p. 128 (illustrated p. 129).
HypoVereinsbank, Sammlung HypoVereinsbank. Von der klassischen Moderne bis zur Gegenwart, Munich, 2000, p. 18 (illustrated p. 19).
Munich, HVB Kunst Palais, Schönes Schwarz - Weiß, August - September 2005.
Herford, Museum MARTa, Things are queer. Highlights der Sammlung UniCredit, February - June 2011.
Bologna, MAMbo, La Grande Magia, October 2013 - February 2014, p. 62 (illustrated).
Special notice

Artist's Resale Right ("Droit de Suite"). Artist's Resale Right Regulations 2006 apply to this lot, the buyer agrees to pay us an amount equal to the resale royalty provided for in those Regulations, and we undertake to the buyer to pay such amount to the artist's collection agent.
VAT rate of 20% is payable on hammer price and buyer's premium

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Lot Essay

‘Plastic beauty is totally independent of sentimental, descriptive, and imitative values. Each object, picture, architectural work, and decorative arrangement has a value in itself, absolute and independent of what it may represent. Every created object can contain an intrinsic beauty, like all the phenomena of the natural order, which the world has admired since time began. There is no classification or hierarchy of the beautiful. The beautiful is everywhere, in the arrangement of a set of saucepans on a white kitchen wall as well as in a museum. Modern beauty is almost always combined with practical necessity.’
(F. Léger, Functions of Painting, London, 1973, pp. 63-64)

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