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.
Paul Morand, Paris, by whom acquired from the artist on 20 January 1925 Anon. sale, Christie's London, 7 Dec 1979, lot 336
Anon. sale, Antiqorum Geneva, 5 Apr 1982, lot 106
This lot is not subject to VAT at 5on the hammer price, VAT is only payable on the buyer's premium.
PROPERTY OF A PRIVATE SWISS COLLECTION
A. Salomon & G. Cogeval, Vuillard, catalogue critique des peintures et pastels, Vol.III, Paris, 2003, no.X-176 (illustrated p.1259).