VAT rate of 5% is payable on hammer price and at 15% on the buyer's premium
First: J.T. Tai & Co., New York, 1963; Second to Fourth: Chang Nai-chi Collection. Frank Caro, New York, 1964; Fifth: J.T. Tai & Co., New York, 1963.
The provenance of the first jade listed should read: Tonying & Co., New York, H 867, 11/5/1963.