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; Sotheby's, London, 1 October 1986, lot 329.
Anonymous sale; Christie's, London, 13 November 1992, lot 210.
Anonymous Sale; Sotheby's, London, 12 July 2007, lot 70.
Terry Parker, Golden Hours. The Paintings of Arthur J. Elsley 1860-1952, 1998, p.29.