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.
The Hochschild Collection; sold Sotheby's London, 1
December 1978, lot 41 to James C. Meers. Anonymous sale; Christie's New York, 30 January 1982,
Acquired from Mallett, 29 June 1982.