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.
Sir Joshua Reynolds (L. 2364).
A.M. Champernowne (L. 153).
with R.E.A. Wilson, London, Catalogue of Drawings by Old and Modern Artists from the Stock of R.E.A. Wilson, 1931, p. 47, no. 101, as 'Parmigianino', illustrated p. 36.
B. Reade; and by descent to the present owner.