No VAT will be charged on the hammer price, but VAT payable at 19.6% (5.5% for books) will be added to the buyer’s premium which is invoiced on a VAT inclusive basis
Collection J. Fred Bianchi.
Avec Paul Prouté, Paris, 1967, no. 16.
Avec Bernard Houthakker, Amsterdam, 1968, p. 64.