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.
Schoneman Galleries, Inc., New York.
Anonymous sale, Sotheby's, New York, 15 May 1980, lot 322a.
Acquired at the above sale by the present owner.
PROPERTY FROM A PRIVATE COLLECTION
C. Zervos, Pablo Picasso, vol. IV, Oeuvres de 1920 à 1922, Paris, 1951, no. 176 (illustrated p. 56).
The Picasso Project (ed.), Picasso's Paintings, Watercolors, Drawings & Sculpture, Neoclassicism I, 1920-1921, San Francisco, 1995, no. 20-402 (illustrated p. 125).
J. Palau i Fabre, Picasso: From the Ballets to Drama (1917-1926), Barcelona, 1999, no. 837 (illustrated p. 230).