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EDVARD MUNCH (1863-1944)
On occasion, Christie's has a direct financial int… Read more
EDVARD MUNCH (1863-1944)

Madonna

Details
EDVARD MUNCH (1863-1944)
Madonna
lithograph printed from three stones in black, red and blue, on stiff greenish-grey card, 1895-1902, signed in pencil, a fine, rich yet transparent impression of Woll’s variant A.2.II., before the reworking of the red color stone, printed by Walter Lassally, Berlin, 1902, with margins, presumably the full sheet, in very good condition, framed
Image: 23 5/8 x 17 3/8 in. (600 x 440 mm.)
Sheet: 26 x 19 ¼ in. (660 x 490 mm.)
Provenance
Gustav Schiefler (1857-1935), Hamburg; acquired directly from the artist on 11 February 1903 (according to Schiefler’s diary entry of that day).
Otto Georg Schiefler (d. 2019), Hamburg; by descent in the family from the above.
Private Collection, Hamburg; acquired privately from the above around 1968-70.
Literature
Schiefler 33; Woll 39
Arne Eggum (ed.), Edvard Munch / Gustav Schiefler Briefwechsel (Vol. 1, 1901 1914), Hamburg, 1987, p. 50 – 52, no. 20, 23-25 & p. 390, no. 530.
Special notice

On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. Where Christie's has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie's therefore sometimes chooses to share that risk with a third party. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. The third party is therefore committed to bidding on the lot and, even if there are no other bids, buying the lot at the level of the written bid unless there are any higher bids. In doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. However, for the avoidance of any doubt, if you are advised by or bidding through an agent on a lot identified as being subject to a third party guarantee you should always ask your agent to confirm whether or not he or she has a financial interest in relation to the lot.

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Lindsay Griffith
Lindsay Griffith Head of Department

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