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.
Morris J. Pinto, Geneva.
Anonymous sale, Hôtel Drouot, Paris, 25 November 2003, lot 21.
Acquired at the above sale; sale, Christie's, London, 8 February 2005, lot 355.
Private collection, London, by whom acquired at the above sale and thence by descent.
THE PROPERTY OF A PRIVATE COLLECTOR
Bielefeld, Kunsthalle, Henri Matisse, Das goldene Zeitalter, October - December 1981, no. 89.
Paris, Galerie Berggruen, Matisse, 1983, no. 4.