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.
Galerie Alexandre Iolas, Paris
Paolo Marinotti, Milan where acquired by the present owner
Venice, Palazzo Grassi, Max Ernst, oltre la pittura, Jun-Oct 1966, no.136
Barcelona, Galeria René Métras, Max Ernst, May 1968, no.18