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.
Anonymous sale; Christie's, New York, 17 November 1979, lot 447. Dr Anton C.R. Dreesman (inventory no. D-96), Christie's, London, 10 April 2002, lot 271.
THE PROPERTY OF A GENTLEMAN