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.
Annely Juda Fine Art, London (no. LEL 8).
Acquired from the above by the present owner in 1978.
PROPERTY FROM A PRIVATE COLLECTION
Hanover, Sprengel Museum, Staatliche Galerie Moritzburg Halle, El Lissitzky 1890-1941, Retrospektive, May - July 1988, no. 39 (illustrated fig. 75, p. 107).