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.
As lot 1.
KERTÉSZ -- PARIS PHOTOGRAPHS
This image is not recorded in Phillips, Photographic Work of Kertész in France, CUNY, 1985 and hitherto unpublished. The most well-known image from this series showing a close-up view (fig.2), is widely published and recorded in the above survey.