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.
Marlborough Fine Art Ltd., London
Anon. sale, Sotheby's London, 26 Jun 1991, lot 202
Please note that the estimate for this lot should be 10,000 to 15,000 and not 15,000 to 20,000 as stated in the catalogue.