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; Christie's, London, 20 July 1934, lot 11 'as Wootton'. Ralph Edwards F.S.A., and by descent to
The Rt. Hon. Lord Crickhowell; Christie's, London, 20 November 1992, lot 102 'as Vanderbank'.