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.
Baron Meyer de Rothschild
Inventory: 1884, vol. I, p. 172, no. 84, Landscape with figure on bridge, goats, woman and child. Landscape, with rocks, cottage, and water (White Drawing Room):
Magnificent Silver-gilt, Objects of Vertu and Miniatures from the Rothschild and Rosebery Collection, Mentmore, Sotheby's, London, 11 February 1999, lot 138.