No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium, which is invoiced on a VAT inclusive basis.
Madame Andrieux, Grasse.
Anonymous sale, Christie's, London, 6 February 2003, lot 510.
Private collection, London, by whom acquired at the above sale, and thence by descent to the present owner.
This work is sold pending confirmation of authenticity from Claude Picasso.
THE PROPERTY OF A PRIVATE COLLECTOR