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.
Anonymous sale; Van Ham, Cologne, 25 June 1993, lot 1121.
Please note that about one third of the painting is missing in the printed catalogue image, due to cropping along the bottom and right hand edges.
THE PROPERTY OF A PRIVATE EUROPEAN COLLECTOR
R. Stein and H. Koester, Alexander Koester. 1864-1932. Leben und Werke, Recklinghausen, 1988, no. 772.