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.
Anon. sale, Sotheby's Arcade New York, 8 October 1998, lot 433.
Acquired at the above by the previous owner.
Please note that the information in the catalogue for this lot is incorrect, and should be as follows:
Medium: pochoir, Executed in 1987, this work is from an edition of twenty-four.
The estimate of this work should be 1,000-1,500GBP and is now being sold with no reserve.