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.
Kurt Cassirer, Berlin.
Heiner Cassirer (Kurt Cassirer's son), a gift from the above on 27 August 1973, and thence by descent to the present owner.
Berlin, Berliner Secession, Schwarz-Weiss-Ausstellung, 1906, no. 340.