No VAT will be charged on the hammer price, but VAT at 15% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
VAT rate of 5% is payable on hammer price and at 15% on the buyer's premium
Please note that the lots of Iranian origin are subject to U.S. trade restrictions which currently prohibit the import into the United States. Similar restrictions may apply in other countries.
This lot will be removed to an off-site warehouse at the close of business on the day of sale - 2 weeks free storage
Collection of Dr. R. Schmidt (1900-1970), acquired in 1948; and thence by descent to the present owner.