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.
Post Lot Text
C.f. S Brecker (translator), Nino D'Antonio Germano Studio Catalogue Book, p. 118-119 for a similar bracelet.
Nino d'Antonio Germano was born in 1926 into a family of jewellers and learnt traditional methods of jewellery manufacture including wax casting. Also a bronze sculptor and painter, his influences were classical themes.